Plastic Optical Fiber Market Size, Growth, Revenue, Global Statistics And Forecast To 2027

By Author: DBMR
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Market Analysis: Global Plastic Optical Fiber Market
Plastic optical fiber market is projected to rise with a substantial CAGR in the forecast period of 2020-2027. This report contains the data of base year 2019 and historic year of 2018. The rise in the market growth can be attributed due to adoption of 5G services, rise in internet services and rise in connectivity with fibre to home
Market Definition: Global Plastic Optical Fiber Market
Plastic optic fibre is composed of polymers such as PMMA (Polymer Polymethylmethacrylate) which allows the transmission of light. Plastic optical fibre is cost effective and easier to use than others including glass optical fibre. Other than this, plastic optical fibre is easy to bend and cut which gives it more flexibility Plastic optical fibre has application in Communication, Medical industry, Defense Purpose, Industries, Broadcasting and Mechanical Inspections.
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Market Drivers:
...
... • Adoption of 5G services for fast internet speed can enhance the market
• Rise in internet services and Internet of Things (IoT) would boost the growth
• Rise in connectivity of home with fibre cables might act as a catalyst
• Huge investment in development of infrastructure for plastic optic fibre has driven the market
Market Restraints:
• High cost of installation would hinder the market can act as a restraint to market
• Preference of people for wireless communication system over fibre cables can hamper the market
• High charges for internet services through plastic optic fibre could restrict the market
Segmentation: Global Plastic Optical Fiber Market
By Type
• PMMA (Polymer Polymethylmethacrylate)
• Perfluorinated Polymers
By Application
• Electronic Appliances
• Motor Vehicles
• Illumination
• Medical
• Data Communication (Specialty)
• Commercial Aircraft
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea
o Australia
o Singapore
o Malaysia
o Thailand
o Indonesia
o Philippines
o Rest of Asia-Pacific
• South America
o Brazil
o Argentina
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Egypt
o Israel
o Rest of Middle East and Africa
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Competitive Analysis
Global plastic optical fiber market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Plastic optical fiber market for global, Europe, North America, Asia Pacific and South America.
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Major Market Competitors/Players
Few of the major competitors currently working global plastic optical fiber market 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, Jiangsu TX Plastic Optical Fibers Co., Ltd, among others
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