HOME Research Insight Corning Inc. (U.S.) and Similarly AFL Global (U.S.) are the Major Players Fiber Optics Market

Corning Inc. (U.S.) and Similarly AFL Global (U.S.) are the Major Players Fiber Optics Market

The global market for fiber optics is expected to witness healthy growth from 2016 to 2021. Factors contributing towards the growth of this market are the increasing demand for the Internet and its applications in the emerging economies of the Asia-Pacific; growing FTTx networks; and the growing telecommunications industry in the Middle East & Africa. Growing population and infrastructural developments in the Middle East & Africa have led to the increasing use of fiber optics for various applications. Economic growth, followed by heavy investments in applications such as telecom, premises, utility, CATV, industrial, military, sensors, and fiber optics lighting are expected to drive the fiber optics market in the region. Furthermore, the growing population along with industrial alliances is expected to support the growth of the fiber optics market significantly in the region.

The global fiber optics market has a large number of market players; however the market is led by some of the major players, such as Corning Incorporated (U.S.), Prysmian Group (Italy), AFL Global (U.S.), Finisar Corporation (U.S.), Leoni AG (Germany), YOFC (Shanghai) Co. Ltd. (China), Sumitomo Electric Industries Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Optical Cable Corporation (U.S.), and Hitachi Cable, Ltd (Japan), among others.

Most of these companies are leaders in the manufacture of fiber optics and its equipment. These companies are focused on the new product launches and mergers & acquisitions strategies to achieve economies of scale, product innovations, and expansions in order to capture and strengthen their market shares.

Market players are concentrating on increasing their production capacities and developing cost effective technologies. The companies are investing in setting up new facilities mainly in emerging regions so as to increase their global reach. All these developments are due to the increasing demand for advanced fiber optics based products from applications such as telecom, premises, CATV, utility, military, sensors, and fiber optic lighting.

New product developments, expansions, and mergers & acquisitions are the key strategies that have been adopted by the major fiber optics manufacturers in the recent past. The top players in the fiber optics market are adopting these strategies for better penetration and expansions of their businesses into the untapped and emerging regions. These new ventures are expected to help the companies to satiate the growing demand for fiber optics in several applications. Corning Inc. (U.S.) and AFL Global (U.S.) are among the market players who adopted the new product launches strategy in order to acquire a greater market share by supplying products for various end-use applications.

Corning Inc. (U.S.) is amongst the leading suppliers of fiber optics equipment. The company adopted strategies such as new product launches and mergers & acquisitions to maintain its premium position in the market. For instance, it completed the acquisition of Samsung Electronics (South Korea) to expand its market in the Asia-Pacific, in November 2015.

Similarly AFL Global (U.S.), a subsidiary of Fujikura Global (Japan) is also amongst the leading players in the fiber optics market. It has sustained its market position by launching new and innovative fiber optics solutions across various locations. For instance, it launched a series of new fiber optics based products under the brand name, Micro-Tactical Cables which are designed to withstand high tensile loads, crushing forces, repeated impacts, and extreme temperatures.

Related Reports:

Fiber Optics Market by Cable Type (Single mode, and Multi-mode), Optical Fiber Type (Glass and Plastics), Application (Telecom, Premises, Utility, CATV, Military, Industrial, Sensors, Fiber Optic Lighting, Security, Metropolitan) - Global Forecast to 2021

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