Research Nester published a report titled “Photonic Crystal Fiber (PCF) Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global photonic crystal fiber (PCF) market in terms of market segmentation by core, transmission mechanism, application, end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global photonic crystal fiber (PCF) market is anticipated to grow with a CAGR of 3.8% over the forecast period, i.e., 2021 – 2030. The market is segmented by application into sensors, lasers, telecommunications, and others, out of which, the sensors segment is expected to generate the largest revenue of USD 38.0 Million by the end of 2030. Moreover, in the year 2020, the segment generated a revenue of USD 27.2 Million.
The global photonic crystal fiber (PCF) market is estimated to garner a revenue of USD 109.5 Million by the end of 2030, up from a revenue of USD 76.2 Million in the year 2020. Growing telecommunications industry and the increasing expenditure by the telecom players to expand their 5G services globally, backed by the increasing internet using population, is expected to drive the growth of the market in the coming years.
By region, the global photonic crystal fiber (PCF) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in Europe region is anticipated to garner the largest revenue of USD 35.9 Million by the end of 2030. Moreover, in the year 2020, the market in the region generated a revenue of USD 26.0 Million, and is further expected to grow with a CAGR of 3.4% during the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Demand for Optical Fibers from the Telecommunication Industry
In one of the statistics by the International Trade Center (ITC), in the year 2018, the imported value of optical fibers globally touched USD 2559937 Million, by growing from USD 1664225 Thousand in the year 2014.
With the advancement in communication technology, and the growing deployment of 5G technology services by telecom companies globally, the demand for interconnecting the communicating devices via optical fibers is growing exponentially, thereby driving the demand for photonic crystal fibers (PCF). As compared to the conventional optical fibers, PCFs possess numerous benefits technically, which is why, it is widely adopted by the telecom operators. Such factors are anticipated to drive the growth of the market in the coming years.
However, the high cost of photonic crystal fiber (PCF) is expected to operate as key restraint to the growth of global photonic crystal fiber (PCF) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global photonic crystal fiber (PCF) market which includes company profiling of NKT Photonics A/S, Photonics Bretagne, Glophotonics, SelenOptics, Flexilicate, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global photonic crystal fiber (PCF) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.