Market Analysis: Global Plastic Optical Fiber Market

Plastic optical fiber market is projected to rise with a substantial CAGR in the forecast period of 2020-2027.  This report contains the data of base year 2019 and historic year of 2018. The rise in the market growth can be attributed due to adoption of 5G services, rise in internet services and rise in connectivity with fibre to home

Market Definition: Global Plastic Optical Fiber Market

Plastic optic fibre is composed of polymers such as PMMA (Polymer Polymethylmethacrylate) which allows the transmission of light. Plastic optical fibre is cost effective and easier to use than others including glass optical fibre. Other than this, plastic optical fibre is easy to bend and cut which gives it more flexibility Plastic optical fibre has application in Communication, Medical industry, Defense Purpose, Industries, Broadcasting and Mechanical Inspections.

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Market Drivers:

• Adoption of 5G services for fast internet speed can enhance the market
• Rise in internet services and Internet of Things (IoT) would boost the growth
• Rise in connectivity of home with fibre cables might act as a catalyst
• Huge investment in development of infrastructure for plastic optic fibre has driven the market

Market Restraints:

• High cost of installation would hinder the market can act as a restraint to market
• Preference of people for wireless communication system over fibre cables can hamper the market
• High charges for internet services through plastic optic fibre could restrict the market

Segmentation: Global Plastic Optical Fiber Market

By Type

• PMMA (Polymer Polymethylmethacrylate)
• Perfluorinated Polymers

By Application

• Electronic Appliances
• Motor Vehicles
• Illumination
•  Medical
• Data Communication (Specialty)
• Commercial Aircraft
• Others

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • U.K.
  • France
  • Spain
  • Netherlands
  • Belgium
  • Switzerland
  • Turkey
  • Russia
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt
  • Israel
  • Rest of Middle East and Africa

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Competitive Analysis

Global plastic optical fiber market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Plastic optical fiber market for global, Europe, North America, Asia Pacific and South America.

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Major Market Competitors/Players

Few of the major competitors currently working global plastic optical fiber market are Mitsubishi Chemical Corporation, Industrial Fiber Optics, Fiberfin, TORAY INDUSTRIES INC, AGC Inc, Asahi Kasei Corporation, Nanoptics, OFS Fitel LLC, Molex, LLC, (Mouser Electronics Inc), Hong Kong Trade Development council, Nexans, Jiangsu TX Plastic Optical Fibers Co., Ltd, among others

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