MARKET OUTLOOK
the post-COVID- 19 global fiber optics market size is anticipated to register a significant compound annual growth rate (CAGR) of 8.4% during the review period to surpass USD 14,194.0 million by 2026. The growing requirement for high bandwidth connectivity is rising with the advancements in end-use applications across several industry verticals and the shift from traditional server-based operations to cloud-based platforms.
The global fiber optics market is expected to register a significant market growth during the review period owing to the highest market value of USD 8,130.0 million in 2019. The fiber optics market growth is propelled by the increasing demand for high-speed internet services and the rising use of FTTX networks. Moreover, the increasing demand for fiber optic cables in the aerospace and automotive industries is creating new opportunities for the major players to innovate and expand their business to the next level. It is widely used across various end-use industries such as telecom & broadband, industrial, military, utilities, and aerospace.
Market Segmentation
The global fiber optics market has been classified into mode type, application, end-user, and region.
In terms of the mode type segment, the global market has been bifurcated into single-mode and multi-mode. The single-mode segment is anticipated to command the market throughout the forecast period at a higher CAGR of 8.9% during the review period. Single-mode fiber is an important part of broadband networks and is designed for long distances data transmission.
By end-user segment, the global fiber optics market has been categorized into telecom & broadband, industrial, military, utilities, aerospace, and other uses. The telecom & broadband segment is expected to lead the global market owing to the rising demand for high-speed internet services has increased the use of fiber optics in the telecommunications & broadband market.
Regional Analysis
Geographically, the global fiber optics market has been classified into North America, Europe, Asia-Pacific, and South America, and the Middle East & Africa. Asia-Pacific led the fiber optics market in 2019 with a market value of USD 2,878.4 million and is anticipated to surpass USD 5,034.2 million in 2026 at a CAGR of 8.5%. The regional market growth is attributed to the rising investments in network infrastructure development and rapid industrialization.
North America contributes to the second largest market of the global fiber optics market. As per the MRFR analysis, the US is a leading market contributor followed by Canada and Mexico. The regional market growth is attributed to the high demand for high-speed internet services among end-user verticals, including the aerospace industry.
Europe is expected to register constant growth in the fiber optics market during the review period owing to the increasing adoption of FTTX networks and growing demand for high-speed Internet services.
Major Players
The key market players of the global fiber optics market are Corning Incorporated (US), Furukawa Electric Co. Ltd. (Japan), General Cable Corporation (US), Sterlite Technologies Limited (India), Prysmian Group (Italy), Finisar (US), AFL Global (US), Sumitomo Electric Industries, Ltd (Japan), LS Cable & System (South Korea), Leoni AG (Germany), and Optical Cable Corporation (US).

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

The post Global Fiber Optics Market Research Report —Forecast Till 2026 first appeared on CRI Report.

The global automotive wiring harness market is estimated to register a 6.35% CAGR during the forecast period from 2018 to 2023. In 2016, The global automotive wiring harness market was led by Asia-Pacific with a 45.22% share, followed by Europe and North America with shares of 25.33% and 22.01% respectively.

A wiring harness is an assembly of wires, terminals and connectors that run all over the vehicle and transmit signals and electric power, to connect a variety of components. They are a set of loose wires congregated into a single covering for a more organized system. They assist in starting the engine, lights, meters, navigation systems, power windows and doors, and other devices in the vehicle.

In addition, wiring harness are used to set up electric circuits in automobiles and are designed to provide effective functioning of operations in the extreme conditions. The wiring harness in automotive offers various benefits including reduced installation time, improved fuel efficiency, and reduced risk of shorts in electrical system.

In addition, a harness secures wires and cables against the adverse effects caused by abrasions, moisture, and vibrations in the car. Currently, increasing demand for latest systems in the vehicle coupled with rising trend of assimilating advanced features for improved performance and driving experience is anticipated to propel the market demand for wiring harness in automotives.

In addition, technological advancements in the automotive electrical systems owing to increasing trend of mounting additional features in the vehicles is projected to drive the market demand for automotive wiring harness.

Moreover, growing complexities of on-board electronics coupled with stringent regulations to reduce greenhouse gas emissions and fluctuating fuel prices are anticipated to escalate the market demand for automotive wiring harness over the forecast period.

However, factors such as high cost of wiring harness and over-heating or short circuit of the wiring harness are some factors expected to hamper the market growth during the forecast period.

Asia-Pacific is expected to be the fastest-growing market for automotive wiring harness during the forecast period. Increase in production coupled with the increased demand for advanced driver assistance systems in the developing nations of the region such as China and India is expected to increase the regional demand for automotive wiring harness.

Moreover, the presence of a large number of long-established automotive manufacturers in Europe is anticipated to propel the demand for automotive wiring harness in the region. In addition, immense demand of commercial vehicles in United States is expected to enable the growth of the auto components suppliers including the automotive wiring harness in North America over the forecast period.

Related reports: Research Report on Automotive Wiring Harness Industry in China, 2017-2021

The post Global Automotive Wiring Harness Market Research Report first appeared on CRI Report.