Shift from Copper Cables to Optical Fiber Cables, Rise in Optical Fiber Network are the Factors Expected to Drive the Global Optical Fiber Components Market in the forecast period of 2019 to 2026

Global Optical Fiber Components Market is expected to register a substantial CAGR of 9.9% in the forecast period of 2019 to 2026.

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DriversGlobal Optical Fiber Components Market

  • Shift from copper cables to optical fiber cables
  • Rise in optical fiber network

Restraint

  • Uncertainty in dead zones

Opportunity

  • Increase in governments’ initiatives for high speed internet connectivity

Challenge

  • Threat of substitutes of optical fiber networks

Market Trends

Global optical fiber components market is segmented into four notable segments which are component, system, application and end-user.

  • On the basis of component, the market is segmented into hardware, software and services. The hardware is projected to hold the largest share of the global optical fiber components market.
  • On the basis of system, the market is segmented into control units, central control units and regional control units
  • On the basis of application, the market is segmented into FTTH, distributed sensing, data centre, analytical and medical equipment, power transmission and others
  • On the basis of end user, the market is segmented into telecommunication, military and aerospace, oil & gas, medical, railway, banking and finance services and insurance (BFSI) and others

Major Players: Global Optical Fiber Components Market

Some of the major players operating in this market are Schlumberger Limited, ADVA Optical Networking, Fujikura Ltd., EXFO Inc., Sumitomo Electric Industries, Ltd., NeoPhotonics Corporation, DSIT Solutions Ltd., Bandweaver, Lumentum Operations LLC, Qualitrol Company LLC, HBM, VIAVI Solutions Inc., Omnisens, NBG HOLDING GMBH, Zayo Group, LLC, Finisar Corporation, CommVerge Solutions, Halliburton, Lancier Components GmbH, M2 Optics Inc., Furukawa Electric Co., Ltd and others.