Due to increasing reliance of organizations on IT (Information Technology), the demand for robust, agile and cost effective IT infrastructure is growing rapidly. The fabric-optic filter market is expanding rapidly as the telecom service providers in this modern era are moving towards fiber-based networking services. Increasing advancements in telecom industry is one of the major factors driving the growth of the fiber-optic filter market worldwide. Furthermore, the fiber-optic filter market is one of the most significantly expanding markets because of growing demand from various industry verticals. In addition, worldwide adoption of automation is expected to drive the demand for fiber-optic filters across the globe.
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Fiber-optic filters are widely used optical fiber instruments for wavelength selection. In the recent past, it has been observed that wavelength division multiplexing technologies have undergone rapid technological advancements. These advancements in wavelength division multiplexing technologies are projected to propel the growth of the fiber-optic filter market during the forecast period. Furthermore, optical fiber networking technologies, such as wavelength routing, switching and restoration/protection, are gaining traction among enterprises, data centers and networking services providers. Owing to these factors, the fiber-optic filter market is projected to create potential opportunities for the fiber-optic filter manufacturers.
Fiber-optic Filters market: Segmentation
The global fiber-optic filters market can be segmented on the basis of type and application.
Segmentation of the Fiber-optic filters market on the basis of Type:
Digital Fiber-optic Filters
Manual Fiber-optic Filters
Fixed Fiber-optic Filters
Motor Driven Fiber-optic Filters
Others
In 2017, the Digital Fiber-optic filters sub-segment held the maximum market share in the fiber-optic filter market. Due to advancements in optical networking technologies, the fixed fiber-optic filter segment of the global fiber-optic filters market is projected to register high growth rate.
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Segmentation of the Fiber-optic filters market on the basis of application:
Telecommunication
Automotive
Aerospace
Electronics
Others.
Due to rapid technological advancements, the telecommunication market is expected to register more that 7.0% CAGR in the global fiber-optic filter market. The telecommunication sub-segment is expected to hold maximum market share in 2018 in the global fiber-optic filter market.
Competition Landscape
Key Players
Some of the major players in the global fiber-optic filters market include Newport Corporation, DiCon Fiberoptics, Inc., WL Photonics, Inc. Agiltron Inc., RedShift Systems Corporation, Reynard, Rugate, Schneider and Spectrogon.
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