Multimode Optical Fiber Market Outlook 2026 By Application, Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global multimode optical fiber market was valued over USD3507 million in 2019 and is anticipated to grow at a CAGR of around 16% on account of high reliability and high capacity offered by the multimode fibers. Multimode optical fibers are gaining popularity as different signals can be transmitted through the same fiber due to difference in reflection angle.
Among applications, IT & Telecom segment is anticipated to account for the largest share during the forecast period on account of high demand for faster speed connections and greater bandwidth. Multimode optical fiber is also gaining prominence in medical sector for laser delivery systems and light illumination and conduction. Ongoing trend of minimally invasive surgeries and technological advancements are contributing to the growing share of multimode optical fibers in the medical sector.
On the basis of geography, the global multimode optical fiber market is segmented into Asia-Pacific, North America, South America, Europe and Middle East & Africa. On account of implementation of projects such as smart cities in various economies of Asia-Pacific including China and India, the region is expected to account for the largest share and the trend is likely to continue in the forthcoming years as well. Also, emergence of Internet of things and fiber to home connectivity are further positively influencing multimode optical fiber market in the region.
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Major companies operating in the global multimode optical fiber market include Corning Incorporated, Yangtze Optical Fibre and Cable, Furukawa Electric Co., Ltd., Hengtong Group Co Ltd., Prysmian group, Sumitomo Electric Industries, Ltd., Fiberhome Networks, Futong Group Co., Ltd., ZTT International Limited, and Fujikura Ltd., among others. The companies operating in the market are using growth strategies such as product development, mergers & acquisitions to increase their share in the market.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Objective of the Study:
- To analyze and forecast the market size of global multimode optical fiber market.
- To forecast global multimode optical fiber market based on product, application, material and regional distribution.
- To identify drivers and challenges for global multimode optical fiber market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global multimode optical fiber market.
- To identify and analyze the profile of leading players operating in the global multimode optical fiber market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of multimode optical fiber manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research.
TechSci Research calculated global multimode optical fiber market size by using a bottom-up approach, where data for various end user industries and its application across various product types was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Multimode optical fiber manufacturers, suppliers and distributors
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to multimode optical fiber market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the global multimode optical fiber market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Product:
- Step Index
- Gradient Index
- Market, By Application:
- Defence
- IT & Telecom
- Government
- MSO (Triple Play)
- Healthcare
- Others
- Market, By Material:
- Glass
- Plastic
- Market, By Region:
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global multimode optical fiber market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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