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Fiber Optics Market worth $3.0 Billion by 2019
The report “Fiber Optics Market by Application (Telecom & Broadband, Utilities, Oil & Gas, Private Data Networks, Military/Aerospace, Cable Television & Others) - Global Trends & Forecasts to 2019 ” defines and segments the global fiber optics market with an analysis and forecast by region and application by value.
Browse 36 market data tables and 44 figures spread through 161 slides and in-depth TOC on “Fiber Optics Market By Application (Telecom & Broadband, Utilities, Oil & Gas, Private Data Networks, Military/Aerospace, Cable Television & others) - Global Trends & Forecasts to 2019”
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“Asia-Pacific and Europe are the key markets for Fiber Optics”
Asia-Pacific, North America, and Europe dominated the fiber optics market in 2013 and accounted for over 90% of the market size in terms of value. The Asia-Pacific fiber optic market is currently at a growing stage. Government directives intended to increase and encourage national broadband applications which are among the main drivers of the market. Country-wise, China is the top most consumer of fiber optics product, globally and is also the largest market for fiber optics products growing at a CAGR higher than the global average till 2019. The U.S is the largest fiber optics consumer in the world. Asia-Pacific is expected to witness the fastest growth rate by 2019. The market in Asia-Pacific region is experiencing increasing growth because of fiber optics demand arising from the use of 3G and 4G and growth in the information technology &telecommunication industry.
“Telecom & Broadband is the topmost application segment followed by oil & gas in the fiber optics market”.
Telecom & broadband take topmost positions in the fiber optics market with around 55.3% share by value in 2013. The fastest growth rate in the fiber optics market is expected to be from applications, such as telecom & broadband, oil & gas, private data networks, and utilities by 2019.
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