Plastic Optical Fiber (POF) Market Analysis By Application (Data Communication, Automotive, Industrial, Medical, Others), By Type (Step Index Fiber, Graded Index Fiber), and By Region Forecast to 2032
- Report ID: ME_00113170
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 9.35 |
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The Plastic Optical Fiber (POF) Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 1,567.89 million. The growth of the market depends on several factors, including the increasing demand for high-speed data transmission, rising adoption of POF in automotive applications, and the growing need for high-bandwidth communication networks. Plastic Optical Fiber (POF) refers to an optical fiber made of plastic materials, such as polymethyl methacrylate (PMMA). It offers advantages such as flexibility, ease of installation, and cost-effectiveness compared to traditional glass optical fibers. POF is widely used in various applications, including automotive, telecommunications, industrial, and medical sectors, for data transmission and communication purposes.
Plastic Optical Fiber (POF) Market Overview
Drivers
One of the key factors driving the Plastic Optical Fiber (POF) market growth is the increasing demand for high-speed data transmission. With the rapid growth of digitalization and the increasing need for high-bandwidth communication networks, there is a rising demand for faster and more efficient data transmission solutions. POF offers advantages such as high data transfer rates, low latency, and immunity to electromagnetic interference, making it an ideal choice for high-speed data transmission applications. As a result, the demand for POF is expected to increase significantly in the coming years.
Moreover, the adoption of POF in automotive applications is another driver for market growth. POF is widely used in automotive networks for applications such as infotainment systems, advanced driver-assistance systems (ADAS), and in-vehicle networking. The automotive industry is witnessing a rapid increase in the integration of electronic systems and the demand for high-speed data transmission within vehicles. POF provides a reliable and cost-effective solution for these applications, driving its adoption in the automotive sector.
Trends
A key trend shaping the Plastic Optical Fiber (POF) market growth is the increasing use of POF in home networking applications. With the growing demand for high-speed internet connectivity in homes, there is a need for efficient and reliable networking solutions. POF offers advantages such as easy installation, flexibility, and cost-effectiveness, making it an attractive option for home networking. POF can be easily installed in existing electrical conduits, providing high-speed internet connectivity to different rooms in a house. As a result, the adoption of POF in home networking applications is expected to increase in the coming years.
Additionally, the rising adoption of POF in medical applications is another trend driving market growth. POF is used in medical devices and equipment for applications such as endoscopy, surgical lighting, and patient monitoring. POF offers advantages such as flexibility, biocompatibility, and resistance to electromagnetic interference, making it suitable for medical applications. The increasing demand for advanced medical devices and the need for high-quality healthcare services are driving the adoption of POF in the medical sector.
Restraints:
One of the key challenges hindering the Plastic Optical Fiber (POF) market growth is the limited transmission distance compared to traditional glass optical fibers. POF has a shorter transmission distance due to higher signal attenuation, limiting its use in long-distance communication applications. While POF is suitable for short-range applications, such as home networking and automotive networks, it may not be suitable for applications that require long-distance data transmission. This limitation poses a challenge for the widespread adoption of POF in certain industries and applications.
Furthermore, the availability of alternative technologies, such as copper-based cables and wireless communication, is another restraint for market growth. Copper-based cables offer a cost-effective solution for data transmission, especially for short-range applications. Wireless communication technologies, such as Wi-Fi and Bluetooth, provide convenient and flexible connectivity options. The availability of these alternative technologies may impact the adoption of POF in certain applications, limiting its market growth.
Plastic Optical Fiber (POF) Market Segmentation By Application
The automotive segment is estimated to witness significant growth during the forecast period. POF is widely used in automotive networks for applications such as infotainment systems, ADAS, and in-vehicle networking. The automotive industry is witnessing a rapid increase in the integration of electronic systems and the demand for high-speed data transmission within vehicles. POF provides a reliable and cost-effective solution for these applications, driving its adoption in the automotive sector. The increasing demand for advanced features and connectivity in vehicles is expected to fuel the growth of this segment, thereby driving the market growth during the forecast period.
Plastic Optical Fiber (POF) Market Segmentation By Type
The step-index POF segment is expected to dominate the market during the forecast period. Step-index POF is the most commonly used type of POF and offers advantages such as low cost, ease of installation, and compatibility with existing connectors and equipment. It is widely used in various applications, including home networking, automotive networks, and industrial communication. The simplicity and cost-effectiveness of step-index POF make it a preferred choice for many applications, driving its market dominance.
Regional Overview:
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Request pdf SampleAPAC is estimated to contribute 42% to the growth of the global market during the forecast period. The main factor significantly contributing to the growth of the Plastic Optical Fiber (POF) market in APAC is the presence of several prominent market players and the increasing adoption of POF in various industries. APAC is a major manufacturing hub for automotive, telecommunications, and consumer electronics industries, which are key end-users of POF. The region is witnessing rapid industrialization, urbanization, and digitalization, driving the demand for high-speed data transmission solutions. The increasing investments in infrastructure development and the growing need for efficient communication networks are expected to drive the market in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global Plastic Optical Fiber (POF) market witnessed a temporary slowdown due to the disruptions in the supply chain and manufacturing operations. However, with the gradual recovery of the global economy and the resumption of industrial activities, the market is expected to regain momentum. The increasing demand for high-speed data transmission solutions and the growing adoption of POF in various industries are expected to drive the market during the forecast period.
Plastic Optical Fiber (POF) Market Customer Landscape
The Plastic Optical Fiber (POF) market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Plastic Optical Fiber (POF) Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Some of the major companies operating in the Plastic Optical Fiber (POF) market include:
- Asahi Kasei Corporation
- Chromis Fiberoptics
- EMTelle
- HCS Group
- Industrial Fiber Optics, Inc.
- Mitsubishi Rayon Co., Ltd.
- OF-LINK Communications Co., Ltd.
- Optical Cable Corporation
- POFLink
- Thorlabs, Inc.
The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies.
Segment Overview
The Plastic Optical Fiber (POF) market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Automotive
o Telecommunications
o Industrial
o Medical
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Step-index POF
o Graded-index POF
- Geography Outlook (USD Million, 2019 - 2032)
o North America
The U.S.
Canada
o Europe
U.K.
Germany
France
Rest of Europe
o APAC
China
India
o South America
Chile
Argentina
Brazil
o Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Table of Content
Chapter 1 About the Plastic Optical Fiber(POF) Industry
1.1 Industry Definition and Types
1.1.1 Uses PMMA(Polymer Polymethylmethacrylate) as the core materia
1.1.2 Uses Perfluorinated polymers as the core materia
1.1.3 Other
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market Competition Landscape
2.1 Plastic Optical Fiber(POF) Markets by Regions
2.1.1 USA
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2019
2.1.2 Europe
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2019
2.1.3 China
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2019
2.1.4 India
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2019
2.1.5 Japan
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2019
2.1.6 South East Asia
Market Revenue (M USD) and Growth Rate 2015-2025
Sales and Growth Rate 2015-2025
Major Players Revenue (M USD) in 2019
2.2 World Plastic Optical Fiber(POF) Market by Types
Uses PMMA(Polymer Polymethylmethacrylate) as the core materia
Uses Perfluorinated polymers as the core materia
Other
2.3 World Plastic Optical Fiber(POF) Market by Applications
Electronic appliances
Motor vehicles
Illumination
Medical
Data communication (specialty)
2.4 World Plastic Optical Fiber(POF) Market Analysis
2.4.1 World Plastic Optical Fiber(POF) Market Revenue and Growth Rate 2015-2020
2.4.2 World Plastic Optical Fiber(POF) Market Consumption and Growth rate 2015-2020
2.4.3 World Plastic Optical Fiber(POF) Market Price Analysis 2015-2020
Chapter 3 World Plastic Optical Fiber(POF) Market share
3.1 Major Production Market share by Players
3.2 Major Revenue (M USD) Market share by Players
3.3 Major Production Market share by Regions in 2019, Through 2025
3.4 Major Revenue (M USD) Market share By Regions in 2019, Through 2025
Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis
4.2 Raw material Market Analysis
4.2.1 Raw material Prices Analysis 2015-2020
4.2.2 Raw material Supply Market Analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis
Chapter 5 Company Profiles
5.1 Mitsubishi Rayon
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue (M USD), Price and Operating Profits
5.2 Industrial Fiber Optics (IFO)
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue (M USD), Price and Operating Profits
5.3 Toray Group
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue (M USD), Price and Operating Profits
5.4 AGC Electronics. Asahi Glass
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue (M USD), Price and Operating Profits
5.5 Asahi Kasei
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue (M USD), Price and Operating Profits
5.6 Nanoptics
5.6.1 Company Details (Foundation Year, Employee Strength and etc)
5.6.2 Product Information (Picture, Specifications and Applications)
5.6.3 Revenue (M USD), Price and Operating Profits
5.7 OFS
5.7.1 Company Details (Foundation Year, Employee Strength and etc)
5.7.2 Product Information (Picture, Specifications and Applications)
5.7.3 Revenue (M USD), Price and Operating Profits
5.8 Fiberguide Industries Inc
5.8.1 Company Details (Foundation Year, Employee Strength and etc)
5.8.2 Product Information (Picture, Specifications and Applications)
5.8.3 Revenue (M USD), Price and Operating Profits
5.9 Molex
5.9.1 Company Details (Foundation Year, Employee Strength and etc)
5.9.2 Product Information (Picture, Specifications and Applications)
5.9.3 Revenue (M USD), Price and Operating Profits
5.10 Fiberfin
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue (M USD), Price and Operating Profits
Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry
Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions
7.2 Major Customers and contact information by Regions
Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India
Chapter 9 World Plastic Optical Fiber(POF) Market Forecast through 2025
9.1 World Plastic Optical Fiber(POF) Demand by Regions Forecast through 2025
9.2 World Plastic Optical Fiber(POF) Price(by Regions, Types, Applications)Analysis Forecast through 2025
9.3 World Plastic Optical Fiber(POF) Revenue (M USD)(by Regions, Types, Applications) Forecast through 2025
9.4 World Plastic Optical Fiber(POF) Market Analysis
9.4.1 World Plastic Optical Fiber(POF) Market Revenue and Growth Rate 2015-2020
9.4.2 World Plastic Optical Fiber(POF) Market Consumption and Growth rate 2015-2020
9.4.3 World Plastic Optical Fiber(POF) Market Price Analysis 2015-2020
Chapter 10 Key success factors and Market Overview
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2015-2025
Table Major Players Revenue (M USD) in 2019
Table Major Production Market share by Players 2019
Table Major Revenue (M USD) Market share by Players 2019
Table Production Market share by Major Regions in 2015-2020
Table Production Market share by Major Regions in 2020-2025
Table Revenue (M USD) Market share by Regions in 2015-2020
Table Revenue (M USD) Market share by Regions in 2020-2025
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2015-2020
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table Mitsubishi Rayon Information List
Figure Plastic Optical Fiber(POF)Plastic Optical Fiber(POF) Picture, Specifications and Applications of Mitsubishi Rayon
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Mitsubishi Rayon 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of Mitsubishi Rayon 2019-2020
Table Industrial Fiber Optics (IFO) Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of Industrial Fiber Optics (IFO)
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Industrial Fiber Optics (IFO) 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of Industrial Fiber Optics (IFO) 2019-2020
Table Toray Group Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of Toray Group
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Toray Group 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of Toray Group 2019-2020
Table AGC Electronics. Asahi Glass Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of AGC Electronics. Asahi Glass
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of AGC Electronics. Asahi Glass 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of AGC Electronics. Asahi Glass 2019-2020
Table Asahi Kasei Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of Asahi Kasei
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Asahi Kasei 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of Asahi Kasei 2019-2020
Table Nanoptics Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of Nanoptics
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Nanoptics 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of Nanoptics 2019-2020
Table OFS Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of OFS
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of OFS 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of OFS 2019-2020
Table Fiberguide Industries Inc Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of Fiberguide Industries Inc
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Fiberguide Industries Inc 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of Fiberguide Industries Inc 2019-2020
Table Molex Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of Molex
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Molex 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of Molex 2019-2020
Table Fiberfin Information List
Figure Plastic Optical Fiber(POF) Picture, Specifications and Applications of Fiberfin
Table Plastic Optical Fiber(POF) Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Fiberfin 2019-2020
Figure Plastic Optical Fiber(POF) Sales Volume and World Market Share of Fiberfin 2019-2020
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption and Consumption Value(M USD)
Table World Demand by Regions Forecast Analysis of Plastic Optical Fiber(POF) (2020-2025)
Table World Price by Regions Forecast Analysis of Plastic Optical Fiber(POF) (2020-2025)
Table World Price by Types Forecast Analysis of Plastic Optical Fiber(POF) (2020-2025)
Table World Price by Applications Forecast Analysis of Plastic Optical Fiber(POF) (2020-2025)
Table World Revenue (M USD) by Regions Forecast Analysis of Plastic Optical Fiber(POF) (2020-2025)
Table World Revenue (M USD) by Types Forecast Analysis of Plastic Optical Fiber(POF) (2020-2025)
Table World Revenue (M USD) by Applications Forecast Analysis of Plastic Optical Fiber(POF) (2020-2025)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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