Fujikura Ltd, Schlumberger Limited and Sumitomo Electric Industries, Ltd. are dominating the market for Global Optical Fiber Components Market in 2018

Global Optical Fiber Components Market is expected to register a substantial CAGR of 9.9% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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Global optical fiber components market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to rise in optical fiber network, shift from copper cables to optical fiber cables, leakage detection in oil & gas industry. Increase in governments’ initiatives for high speed internet connectivity and continuous innovations in optical fiber are possessing a great demand is also posing as opportunities for the market.

The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, in January 2019, Fujikura has announced the launch of the fiber optic splice closures named as in-line type and dome type closures which are suitable for ultra-high density cable which has properties like maximum installable fiber count is 3,456F, small in size. It is suitable for the Ultra-High Density Cable which is a main requirement of the market for high transmission rate and which would help the company to get more projects for its installation for various applications.

Fujikura Ltd dominated the global optical fiber components market. The other key players existing in the market includes Schlumberger Limited, Sumitomo Electric Industries, Ltd., ADVA Optical Networking, Fujikura Ltd., EXFO Inc., Ltd., NeoPhotonics Corporation, DSIT Solutions Ltd., Bandweaver, Lumentum Operations LLC, Qualitrol Company LLC, DSIT Solutions Ltd, Fibernet, 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.

Fujikura Ltd

Fujikura Ltd headquartered in Tokyo, Japan was established in 1910. The company is engaged in research, developing, manufacturing and selling wires and cables in Japan, the United States, China, and internationally. The company has four operating divisions which are power & telecommunication systems, electronics business, automotive products and real estate.

The power & telecommunication system business division includes products power cables, telecommunication cables, aluminum wires, enameled wires, optical fibers, optical fiber cables, telecommunication components, optical components, fiber optic equipment, network equipment, installation, among others.

The Electronics Business Company deals with Flexible printed circuits, Electronic wiring, HDD components, various kinds of connectors, etc. The Automotive Products Company deals with Automotive wire harnesses, Accessories & Installation, etc. The Real Estate Business Company deals with Real estate rental, among others.

It has its global networks through direct sales representatives and distributors in the Americas, Europe, Middle East, Asia-Pacific. It operates through its subsidiaries such as Fujikura (China) Co., Ltd. (China), Fujikura Korea Automotive Ltd. (Korea), Fujikura Federal Cables Sdn. Bhd. (Malaysia), Fujikura Asia Ltd. (Singapore), Fujikura Fiber Optics Vietnam Ltd. (Vietnam), Fujikura Electronics (Thailand) Ltd. (Thailand), PT. Fujikura Indonesia (Indonesia), Fujikura Automotive India Private Ltd. (India) and others.

Schlumberger Limited

Schlumberger Limited headquartered in Texas, U.S. was founded in 1926. The company is engaged in supplying technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company operates through four business segments which include production, drilling, reservoir characterization, cameron.

Reservoir characterization segment consists of principal technologies involved in finding and defining hydrocarbon resources which include WesternGeco, Wireline, Testing Services, OneSurface, Software Integrated Solutions (SIS) and Integrated Services Management (ISM). Drilling segment consists of principal Technologies involved in the drilling and positioning of oil and gas wells and comprises Bits & Drilling Tools, M-I SWACO, Drilling & Measurements, Land Rigs and Integrated Drilling Services (IDS). Production segment consists of the principal Technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, OneStim, Completions, Artificial Lift, and Schlumberger Production Management (SPM). Cameron business segment consists of principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities, and includes OneSubsea, surface systems, drilling systems, and valves & measurement.

It has its global networks through direct sales representatives and distributors in the Asia-Pacific, Europe, Americas, Middle East and Africa. It operates through its subsidiaries such as Cameron International (U.S.), M-I L.L.C. (U.S.), Geoservices (France), Schlumberger B.V. (Canada) and others.

Sumitomo Electric Industries, Ltd.

Sumitomo Electric Industries, Ltd. is headquartered in Osaka, Japan established in 1897. The company is engaged in manufacturing and selling of electric wires and cables worldwide. The company operates through five major strategic business units which include Automotive, Environment and Energy, Industrial Materials and Others, Electronics, Info communications.

Automotive business segment is considered as global supplier of wiring harnesses and anti-vibration rubber, as well as safe, comfortable and environment-friendly automotive components and systems. Environment and Energy business segment deals in supplying products such as cables for power distribution, railway trolley wires, and wire coils used in home appliances, automobiles, and other applications. Industrial Materials and Others segment deals in manufacturing and providing special steel wires, hard metal, sintered parts, a.l.m.t. and others. Electronics business segment deals in providing electronic wires, FPCs, fine polymer and others. Infocommunication segment deals in providing fiber cable/accessories, optical & electronic devices, access network equipment, semiconductors and others

The company has wide geographic presence in Asia/Oceania, Middle East & Africa, Europe, Latin America and North America.  It operates through its subsidiaries such as Sumitomo Wiring Systems, Ltd. (Japan), Sumitomo Riko (Japan), Sumitomo Electric Interconnect Products (Hong Kong) Limited  (Hong  Kong), Sumitomo Electric U.S.A. Holdings, Inc. (U.S.), Sumidenso Vietnam Co., Ltd. (Vietnam) and others.