The global step-index multimode fibers market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The step-index multimode fiber is a type of optical fiber that offers a higher capacity and improved reliability for connectivity solutions. The multimode fiber is widely accepted globally concerning its efficient feature to transmit different signals with different angles of reflection over the same fiber. The application of step-index multimode fibers is normally utilized in short-distance and low-speed communication systems with a diameter core of 50-200 ?m.
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The increasing application of step-index multimode fibers in the IT & telecommunication sector is anticipated to witness significant growth for the global step-index multimode fibers market during the forecast period. The rising demand for higher bandwidth and faster-speed connections is further creating enormous opportunities for the market. Additionally, the significant increase in the implementation of step-index multimode fibers in the medical and healthcare sector for providing laser delivery systems and light conduction and illumination is supporting the growth of the market. The emergence of technological advancement in optical fibers is further expected to drive market growth during the forecast period.
Additionally, the key players present in the global step-index multimode fibers market include Yangtze Optical Fiber and Cable, Furukawa Electric Corp., and others adopted several strategies that include product launches, and mergers & acquisitions, among others to remain competitive in the market. For instance, in August 2021, Furukawa Electric announced the launch of the FITEL S124M16 ribbon fusion splicer fiber cable to deal with the rapidly increasing data traffic and to replace a conventional 864-fiber.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Type, By Application
- Competitive Landscape- Yangtze Optical Fiber and Cable, Furukawa Electric Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Step-Index Multimode Fibers Market Report Segmentation
By Type
- Core Diameter 100 ?m
- Core Diameter 200 ?m
- Core Diameter 600 ?m
- Core Diameter 800 ?m
- Others
By Application
- Medical Devices
- Industrial Sensors
- Avionic Sensors
- Research Instruments
- Spectroscopy
- Radiation Analysis
- Others
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