July 1, 2021 07:13 ET | Source: Research and Market Research and Market
Dublin, July 1, 2021 (Global News Agency)-ResearchAndMarkets.com has added a "Fiber Optic Components-Global Market Trajectory and Analysis" report to ResearchAndMarkets.com's products.
By 2027, the global optical fiber component market will reach 34.6 billion U.S. dollars
During the COVID-19 crisis, the global optical fiber component market in 2020 is estimated to be 19.8 billion U.S. dollars and is expected to reach a revised 34.6 billion U.S. dollars by 2027, growing at a compound annual growth rate of 8.2% during the 2020 analysis period-2027. Transmitter/receiver is one of the market segments analyzed in the report and is expected to grow at a compound annual growth rate of 8.6% by the end of the analysis period, reaching $15.5 billion.
After an early analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the connector sector was re-adjusted to a revised 9% compound annual growth rate over the next 7 years. This segment currently accounts for 25.2% of the global fiber optic components market.
The U.S. will account for more than 20.3% of the global market in 2020, while China is expected to grow at a compound annual growth rate of 9.9% from 2020 to 2027
By 2020, the US optical fiber component market is estimated to be 4 billion U.S. dollars. The country currently accounts for 20.3% of the global market share. China is the world's second largest economy, and its market size is expected to reach US$9.2 billion by 2027, with a compound annual growth rate of 9.9% by 2027.
Other notable geographic markets include Japan and Canada, which are expected to grow by 6.4% and 7.1% respectively during 2020-2027. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 6.9%, while other European markets (as defined in the study) will reach US$9.2 billion by 2027.
The amplifier segment will occupy 12.5% of the market in 2020
In the global amplifier field, the United States, Canada, Japan, China, and Europe will drive the field’s estimated compound annual growth rate of 6.8%. By 2020, the total market size of these regional markets will reach 1.8 billion U.S. dollars, and by the end of the analysis period, the total market size is expected to reach 2.9 billion U.S. dollars.
China will remain one of the fastest growing countries in this regional market cluster. Driven by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$5.6 billion by 2027, while Latin America will grow at a compound annual growth rate of 7% during the analysis period.
Key topics covered: I. Method II. Executive Summary 1. Market overview
2. Focus on selected players (a total of 301 selected players)
4. Global Market Outlook III. Market Analysis IV. competition
For more information about this report, please visit https://www.researchandmarkets.com/r/t8qtg