(MENAFNEditorial)
Increasing need for high speed connectivity is expected to drive the fiber optics market. Optical interconnections offer various advantages over metallic interconnections including higher bandwidth; lower crosstalk higher interconnection densities inherent parallelism immunity from ground loops & electromagnetic interference lower clock and signal skew etc. These benefits provide higher communication efficiency with lower power consumption. Additionally increasing need for data security owing to wide use of broadband services is further expected to favor the fiber optics market. Rising demand data usage by segments such as gaming and video which require high speed connectivity is also expected to positively impact market growth.
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High manufacturing and maintenance cost may act as restraint to market growth over the forecast period. The fiber optics market can be segmented on the basis of application including oil & gas utilities telecommunication military & aerospace private data networks cable television and biomedical etc. Telecommunication application is expected to grow considerably over the next six years owing to increasing wireless network upgradation for 3G and broadband network access. Asia Pacific is expected to be the key regional segment owing to increasing 3G and 4G usages in countries like India and China. Demand for FTTH/FTTC is expected to drive North America and European market growth.
Few industry participants include Optical Cable Corporation Corning Inc. Fujikura Limited Sterlite Technologies Birla Furukawa Fibre Optics Limited Ofs Fitel Finolex Cable Limited Australian Fibreoptic Communications (AFC) and Yangtze Optical Fiber & Cable Co. Ltd. Market players are investing in research and new product developments in order to increase their market share.
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