The Latin America, Middle East and Africa Fiber Optic Components Market would witness market growth of 11.1% CAGR during the forecast period (2021-2027).
The fiber optic component market has witnessed significant demand in the market due to the rising installation of data centers all over the world. These are used in both inter-data center communication as well as inter data centers. Optical inter connects for an intra data center are used for carrying data between data centers that are employed in building and campus. Along with that, Optical interconnects for inter data center communication are used to operate at lengthy interconnect levels as they are used to communicate within multiple data centers. In addition, the enhancement in telecommunication infrastructure is further anticipated to result in positively affecting the market in developing countries.
Owing to the fact that optical fiber cable is the main medium for data transmission from one end to another, the telecommunication industry is the largest end-user industry of fiber optics. The telecommunication industry in the region is accounting for immense growth due to the increased use of mobile phones & related bandwidth connectivity. Positive changes in the demographics, device penetration, data connectivity & a rise in the number of subscribers are also resulting in the growth of the telecommunication industry which further contributes to the growth of the fiber optic components market in the region.
Moreover, with the increasing number of devices that needs mobile connectivity, the telecommunication industry in the region would expand its reach by increasing the sale of network devices & equipment expanding the network connectivity.
The Brazil market dominated the LAMEA Fiber Optic Components Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $763.7 million by 2027. The Argentina market is exhibiting a CAGR of 11.7% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 10.8% during (2021 - 2027).
Based on Component, the market is segmented into Transceivers, Cables, Active Optical Cables, Connectors, Amplifiers, Splitters & Circulators and Others. Based on Application, the market is segmented into Communications, Distributed Sensing, Lighting and Analytical & Medical Equipment. Based on Communications Type, the market is segmented into Telecommunications, Data Centers and Enterprises. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Fiber Optic Components Market is Predict to reach $36.3 Billion by 2027, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., II-VI Incorporated, Amphenol Corporation, Fujitsu Limited (Fujitsu Optical Components Limited), Broadcom, Inc., Lumentum Holdings, Inc., TE Connectivity Ltd., EMCORE Corporation, and Accelink Technology Co. Ltd.
By Component
By Application
By Country
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