Global Multimode Optical Fiber Market, By Product (Step Index & Gradient Index), By Application (Defence; IT & Telecom; Government; MSO (Triple Play), Healthcare & Others), By Material (Glass & Plastic), By Region, Competition, Forecast & Opportunities, 2024

The Global Multimode Optical Fiber Market 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 the multimode optical fiber market in the region.

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: 2014-2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020–2024

Objective of the Study:

• To analyze and forecast the market size of the Global Multimode Optical Fiber Market.
• To forecast the Global Multimode Optical Fiber Market based on product, application, material and regional distribution.
• To identify drivers and challenges for the 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.

Both primary as well as exhaustive secondary research were performed for this study. Initially, Researchers sourced a list of multimode optical fiber manufacturers across the globe. Subsequently, They conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the suppliers which could not be identified due to the limitations of secondary research.

The author calculated the 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. Researchers 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.

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 the market opportunities.

Report Scope:
In this report, the 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 the Global Multimode Optical Fiber Market.

Available Customizations:
With the given market data, the author offers customizations according to a client's specific needs.