Specialty optical fibers are usually referred as optical fibers which have at least one special property, distinctive them from standard fibers. It consists of one or more transparent fibers surrounded in a protective covering. The core & cladding are typically grouped together and collectively known as optical fiber. The fibers are flexible and used in digital cameras for mechanical, medical, and investigative imaging. Specialty optical fibers perform with low power, and have an advanced carrying capacity than metal wires. The fibers require an analysis of performance specifications for instance wavelength, maximum attenuation, numerical aperture, bending radius, and operating temperature.
According to study, “World Specialty Optical Fibers Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world specialty optical fibers market are Corning Inc., Leoni Fiber Optics GmbH, IX Fiber, Fujikura Ltd., Nufern, INO, iXBlue, FiberHome Ltd., Fiberlogix Ltd., YOFC, Tongding, Furukawa Electric Co. Ltd., OPEAK, ZTT, Advanced Fiber Tools GmbH, Coherent Inc., Ceramoptec GmbH, Coractive, Draka/Prysmian Group, Fibertronix, IVG Fiber Ltd., Neolight Technologies, Mitsubishi Cable, NKT Photonics, OFS Fitel/Furukuwa, Nlight, Finisar Corp., Molex/Polymicro Technologies, Reflex Photonics, Nexans S.A., TATA Communications, Verrillon Inc., Sterlite Technologies Ltd., Sumitomo Electric Industries Ltd., Prime Optical Fiber Corp. Key companies are developing advanced technologies and launching innovative products in order to stay competitive in the market.
Based on type, specialty optical fibers market is segmented into photosensitive fibers, photonic crystal fibers, polarization maintaining fibers, erbium and rare-earth doped fibers, metal coated fibers, large-mode-area (LMA) doped double clad fiber lasers and polymide coated silica/silica fibers. Based on mode type, market is segmented into single mode fiber and multi-mode fiber. The single mode segment holds major share in market as it offers various advantages such as great data-transmitting capabilities, high attenuation & dispersion and others. Based on mode of transaction, market is segmented into plastic optical fiber and glass optical fiber. Based on material, market is segmented into silica, fluorozirconate, chalcogenide glasses, fluoroaluminate, and sapphire. Based on fabrication method, market is segmented into Modified chemical vapor deposition (MCVD), Vapor axial deposition (VAD), outside vapor deposition (OVD), Plasma outside deposition (POD), Plasma chemical vapor deposition (PCVD) and direct nanoparticle deposition (DND). In addition, based on application, market is segmented into communication/devices, electric power system, military, energy/rail transit, medical and others.
The specialty optical fibers market is driven by widespread implementation of fifth generation (5G), followed by rise in internet of things (IoT) and increase in adoption of fiber to the home (FTTH) connectivity. However, growth in wireless communication systems and high installation cost may impact the market. Moreover, increase in investments in optical fiber cable (OFC) network infrastructure and growth in technological advancements are key opportunities for market.
Based on geography, USA country hold major share, followed by EU in specialty optical fibers market owing to large-scale adoption of the technology in IT & telecommunication and administrative sector in the country. China country is expected to witness higher growth rate due to rise in application areas over the forecast period. The worldwide market is estimated to grow at a CAGR of approximately 8.2% over the next five years, will reach US $1790 million in 2024, from US $1120 million in 2019.
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Ankur Gupta, Head Marketing & Communications