IT and Telecom to Account for Largest Share in Multimode Optical Fiber Market
Growing demand for higher
bandwidth communication to drive global multimode optical fiber market through
2031
According to
TechSci Research report, “Global Multimode
Optical Fiber Market By Product,
By Application, By Material, By Region, Competition, Forecast &
Opportunities, 2031”, The Global Multimode Optical Fiber Market will grow from USD 4.52 Billion in 2025 to USD 7.03 Billion by 2031 at a 7.64% CAGR. As the name represents, multimode optical fiber consists of several modes or
light rays in a single optical fiber, in which each mode has slightly different
reflection angle within the core of the fiber. Multimode optical fiber costs
less when compared with single mode due to the use of LED components for
transmission in former fiber. LED components are inexpensive and easy to
calibrate, thereby driving the market for multimode optical fiber, globally. Multimode
optical fiber is increasingly replacing copper-based cables for high speed
transmission, which is expected to continue boosting market growth during the
forecast period. However, one of the major challenges associated with the
multimode optical fiber is that it cannot be used for long distances. Two
kilometers is the maximum distance for the use of multimode optical fiber as
beyond that various modes in multimode tend to diffuse.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Multimode Optical FiberMarket"
Key Market Players
- Corning Incorporated
- OFS Fitel, LLC
- Prysmian Group
- Nexans S.A.
- Sumitomo Electric Industries, Ltd.
- Fujikura Ltd.
- Furukawa Electric Co., Ltd.
- Sterlite Technologies Limited
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
- CommScope, Inc.
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“Asia-Pacific
region is anticipated to witness significant adoption of multimode optical
fiber due to the continuing technological advancements couple with rising
adoption of technology in IT & telecom in major economies such as China and
India. Additionally, initiatives taken by the governments for smart cities are further
anticipated to drive Asia-Pacific multimode optical fiber market during the
forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“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, 2021-2031F” has evaluated
the future growth potential of global multimode optical fiber market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global multimode optical fiber market.
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