Global Plastic Optical Fiber Market, By Type (Glass Optical Fiber and Plastic Optical Fiber), Material ((PMMA (Polymer Polymethylmethacrylate), Perfluorinated Polymers, Others), Application (Electronic Appliances, Motor Vehicles, Illumination, Medical, Data Communication (Specialty), Commercial Aircraft, Others), Industry Vertical (Telecom and IT, Public Sector, Healthcare, Energy and Utilities, Aerospace and Defense, Manufacturing, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The plastic optical fiber market is expected to witness market growth at a rate of 12.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on plastic optical fiber market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the demand for the technology from various industry verticals is escalating the growth of plastic optical fiber market.
Plastic optic fibre refer to the type of fibre that is composed of polymers such as PMMA (Polymer Polymethylmethacrylate). This fibre allows the transmission of light and is considered cost effective and easier to use than others including glass optical fibre. Plastic optical fibre is easy to bend and cut offering more flexibility. They are widely deployed in various applications including Medical industry, Broadcasting and Mechanical Inspections, and Communication, among others.
The increase in the awareness in end-use industries acts as one of the major factors driving the growth of plastic optical fiber market. The high usage in fiber-optic communications as they allow transmission over longer distances and at higher bandwidths than wire cables, and increase in the penetration of Internet of Things accelerate the market growth. The increase in demand for plastic optical fiber owning to the numerous advantages including great data-transmitting capabilities, and high attenuation and dispersion, among others, and surge in need for Fttx further influence the market. Additionally, expansion of end-use industries, surge in investments, urbanization and digitization, and high usage of smart devices extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the implementation of fibre and installment of the fibre connectivity are expected to obstruct the market growth. The stringent regulations are projected to challenge the plastic optical fiber market in the forecast period of 2021-2028.
This plastic optical fiber market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info plastic optical fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plastic Optical Fiber Market Scope and Market Size
The plastic optical fiber market is segmented on the basis of type, material, application and industry vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the plastic optical fiber market is segmented into glass optical fiber and plastic optical fiber.
- On the basis of material, the plastic optical fiber market is segmented into PMMA (Polymer Polymethylmethacrylate), Perfluorinated Polymers and others.
- On the basis of application, the plastic optical fiber market is segmented into electronic appliances, motor vehicles, illumination, medical, data communication (specialty), commercial aircraft and others.
- On the basis of industry vertical, the plastic optical fiber market is segmented into telecom and IT, public sector, healthcare, energy and utilities, aerospace and defense, manufacturing, and others.
Plastic Optical Fiber Market Level Analysis
The plastic optical fiber market is analyzed and market size, volume information is provided by country, type, material, application and industry vertical as referenced above.
The countries covered in the plastic optical fiber market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the plastic optical fiber market due to the increase in penetration of optical fiber technologies. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the high adoption of advanced technologies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastic Optical Fiber Market Share Analysis
The plastic optical fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plastic optical fiber market.
The major players covered in the plastic optical fiber market report are Mitsubishi Chemical Corporation, Industrial Fiber Optics, Fiberfin, TORAY INDUSTRIES INC, AGC Inc. , Asahi Kasei Corporation, Nanoptics, OFS Fitel LLC, Molex, LLC, (Mouser Electronics Inc), Hong Kong Trade Development council, , Nexans, and Jiangsu TX Plastic Optical Fibers Co., Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.