Growing Demand from Harsh Environment-Related Applications to Escalate Metal Coated Fibers Market Growth
According to our latest market study on “Metal Coated Fibers Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material (Aluminum, Copper, Nickel, and Others), Coating Method (Freezing Method, Electroplating, Electroless Plating, and Others), and End-Use (Oil and Gas, Defense and Aerospace, Medical, Telecommunication, and Data Centers, Research and Development, and Others),” the metal coated fibers market size was valued at US$ 47.99 million in 2021 and is projected to reach US$ 83.43 million by 2028; it is expected to register a CAGR of 8.2% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Metal coated optical fibers are sustainable in harsh environments such as high temperatures, highly concentrated chemicals, and nuclear radiation. The new product innovations would emerge as a trend in the metal coated fibers market to cater to the customer demand from various industries. In 2020, North America held the largest revenue share of the global metal coated fibers market size.
The major driver for the growth of the metal coated fibers market size is the increasing demand for metal coated fibers from the defense, aerospace, and medical industries. Optical fiber systems are widely used in the aerospace industry. The aerospace industry and military field require optical fiber cables with qualities such as resistance to challenging weather conditions and mechanical impact. This creates the demand for metal coated fibers. Moreover, in the biomedical industry, the use of optical fiber has grown rapidly from simple light and image guides to next-generation imaging and advanced diagnostics. This is further boosting the metal coated fibers market growth. Such factors are expected to drive the growth of the metal coated fibers market size during the forecast period.
Some of the key players operating in the global metal coated fibers market are AFL; AMS Technologies; Arts Photonics Gmbh; Heracle Gmbh; IVG fiber limited; Molex LLC; Forc Photonics; Thorlabs, Inc.; OZ Optics; and Technical Fiber Products.
Impact of COVID-19 Pandemic on Metal Coated Fibers Market
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The impact of the COVID-19 pandemic varies across different application segments. Telecom companies have been strengthened by the short-term spike in data traffic and increased use of broadband services. Larger oil and gas companies have responded by cutting capital and operational expenditure. The pandemic has also disrupted the aerospace and defense industry. However, the market is reviving on account of the governments’ significant measures, such as vaccination drives and social distancing. The expanding demand for metal coated fibers in various applications, along with significant investments by prominent manufacturers, is expected to drive the growth for metal coated fibers in the coming years.
Global Metal Coated Fibers Market Breakdown –by Region
Metal Coated Fibers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material (Aluminum, Copper, Nickel, and Others), Coating Method (Freezing Method, Electroplating, Electroless Plating, and Others), and End-Use (Oil and Gas, Defense and Aerospace, Medical, Telecommunication and Data Centers, Research and Development, and Others)
Metal Coated Fibers Market Size, Share | Analysis by 2028
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The report includes the segmentation of the global metal coated fibers market as follows:
The global metal coated fibers market is segmented by material into aluminum, copper, nickel, and others. Based on the coating method, the global metal coated fibers market is segmented into the freezing method, electroplating, electroless plating, and others. Based on end-use, the global metal coated fibers market is segmented into oil and gas, defense and aerospace, medical, telecommunication and data centers, research and development, and others. By geography, the metal coated fibers market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is segmented into the US, Canada, and Mexico. The market in Europe is categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in the Asia Pacific is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in Middle East & Africa (MEA) is categorized as South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is segmented into Brazil, Argentina, and the Rest of South and Central America.Contact Us
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