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The rising demand for greater network bandwidth in homes, offices, stations, and airports, among others, is significantly aiding the industry growth of optical fibres. The advancements in augmented reality (AR) and virtual reality (VR), which rely on fast and secure internet connectivity, are also expected to bolster the market growth. Moreover, automation in various industries, cloud computing, and driverless automobiles are increasing the demand for 5G networks, further invigorating the growth of the optical fibre industry. Additionally, optical fibres are increasingly used in various industries, including aerospace and healthcare. They are used in the healthcare industry for image transfer, illumination, and laser signal delivery. In the aerospace sector, fibre optics are used for increasing connectivity on commercial flights. Further, technological advancements and innovations are expected to increase the use of optical fibres in various industries, therefore propelling the market growth.
Prysmian Group (BIT: PRY), one of the leading players, launched the Sirocco High Density range of microduct cables in February 2020. The cable utilises Prysmian BendBright-A2 200 µm single-mode bend insensitive fibre to provide a solution for evolved systems and flexible and reliable connectivity. Moreover, it makes the installation faster, cost-effective, and sustainable by reducing the carbon footprint. The cables are perfectly fit for blowing in high-density accesses, FTTx and 5G networks. Additionally, they use PicoTube technology, which makes them up to 20% smaller than previous cables. Thus, they can be installed in congested duct space and enable the use of smaller ducts for new installations, resulting in the use of fewer raw materials. The development of such sustainable and efficient optical fibre is expected to aid the market growth in the forecast period.
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The major players in the global market for optical fibre are Corning Incorporated, Prysmian Group, Sumitomo Electric Industries, Ltd., General Cable Technologies Corporation, and Fujikura Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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