The global demand for Plastic Optical Fiber Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Polymer optical fibre (POF) is a polymer made optical fibre that transmits light through the core of the fibre. It is a low-cost alternative to glass and quartz, offers robustness under stretching and bending. It is most commonly used in medical, automotive, home networks, as well as digital audio and video interfaces. POFs are multimode fibres with a large core and a high numerical aperture, thus supporting a large number of guided modes. They do not generate heat and are insensitive to electromagnetic radiation.
Glass optical fibres are increasingly being replaced with a polymer made optical fibre. POF has a lower cost per meter and usually, a higher diameter, have a higher attenuation with respect to glass fibres, thus POF use is continuously increasing. With ongoing progress in POF design and manufacturing, it indeed offers a promising future. Recent technological advances and the emergence of a new application in the automotive industry have brought POF into the limelight. The technical developments have created a buzz about POF which are propelling POF into the mainstream. Its advantage over glass optical fibre has burnished its image, and they are exploring in a larger market with technology companies worldwide. A new enthusiasm for plastics optical fibres will flourish the growth in coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of plastic optical fiber.
The entire plastic optical fiber market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- PMMA (Polymer Polymethylmethacrylate)
- Perfluorinated Polymers
- Electronic Appliances
- Motor Vehicles
- Data Communication (Specialty)
- Commercial Aircraft
This section covers regional segmentation which accentuates on current and future demand for plastic optical fiber market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Plastic Optical Fiber Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the plastic optical fiber market include Mitsubishi Chemical Corporation, Industrial Fiber Optics, Fiberfin, Toray Industries Inc., AGC Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.