Growing demand for higher bandwidth communication to drive global multimode fiber market through 2024
According to TechSci Research report, “Global Multimode Fiber Market By Product, By Application, By Material, By Region, Competition, Forecast & Opportunities, 2024”, global multimode fiber market is anticipated to grow at a CAGR of around 6% during the forecast period. As the name represents, multimode 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 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 fiber. Furthermore, adoption of multimode fiber is increasing as replacement for copper-based cables for high speed transmission, which would fuel growth in the during the forecast period. However, one of the major challenges associated with the multimode fiber is that it cannot be used for long distances. 2 kilometers is the maximum distance for the use of multimode fiber as beyond that various modes in multimode tend to diffuse together.
Browse market data Tables and Figures
spread through 110
Pages and an in-depth TOC on “Global Multimode Fiber Market”
In terms of application, IT & telecom dominated the market in 2018
and the trend is likely to continue in the upcoming years as well due to
increasing number of cloud based applications, video on demand and audio video
services. Fiber optics offer high speed connectivity for both long range and
short range, thereby driving the adoption of optical fiber in IT & telecom.
Optical Cable Corporation, OFS, AFL Telecommunications, LLC, Corning
Incorporated, CommScope Inc., General Cable, Fujikura Ltd., Furukawa Electric
Co. Ltd., and Sumitomo Electric Industries Ltd., are some of the leading
players operating in global multimode fiber market. The companies operating in
the market are using organic strategies such as plant capacity expansion,
mergers & acquisitions, and distribution channel expansion to boost their
share. In 2018, Corning, Inc opened a new manufacturing plant to serve the
increasing demand for optical fiber in North Carolina. The company also
introduced TXS optical fiber which can be used to transfer data at high speed
over large distances at lower costs.
can also request for 10% free customization on this report.
region is anticipated to witness significant adoption of multimode fiber due to
the technological advancements, high adoption of technology in IT & telecom
in economies such as China and India. Additionally, initiatives taken by the
government for smart cities are further anticipated to drive Asia-Pacific multimode
fiber market during the forecast period.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
“Global Multimode Fiber Market By Product, By Application, By Material, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global multimode 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 fiber market.
About TechSci Research
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