Metal Coated Fibers Market Size And Forecast
The Global Metal Coated Fibers Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Metal Coated Fibers Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Metal Coated Fibers Market was valued at USD 38.42 Million in 2019 and is projected to reach USD 68.49 Million by 2027, growing at a CAGR of 7.51 % from 2020 to 2027.
What Are Metal Coated Fibers?
An optical fiber with a protective metal coating over it is termed as a metal-coated fiber. The coatings are made from metals such as copper, aluminum, nickel, silver, or gold. There are many processes for manufacturing metallic coated fibers such as freezing method, electroplating, electroless plating. Apart from these laminating process, foil-shaving, and bundle drawing are used. These processes majorly produce single or multi-mode fibers.
The metal coating layer exhibit high mechanical strength, improves electric and thermal conductivity, eliminates outgassing, and increases the temperature range of the fiber. These are used for numerous applications in which protection from electromagnetic interference, radio frequency interference, and electrostatic discharge is obligatory. The fibers can be sterilized using ETO, steam, e-beam, and g-radiation by using in medical applications such as laser ablation of the prostate, to shrink enlarged prostate glands, and robotic surgery. The metal-coated fibers are predominantly used in the oil & gas industry, defense, automobile, and aerospace industries.
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Global Metal Coated Fibers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The growing need for hi-tech sensing devices in the medical, defense, and aerospace industries, rise in the interest of material research organizations, the surge of developing high-strength smart composites embedded with metal-coated fibers is expected to fuel the growth of the global metal-coated fibers market. The rise in demand for sensing cables or fiber optic sensors specialty optical fibers have tremendously increased worldwide, this is likely to drive the demand for the forecast period.
However, degradation of metal-coated optical long fibers in punitive environments such as high temperatures, snowfall is one of the key factors expected to hamper the overall market growth. Whereas, advancements in technologies, and Demand for medical fiber optics offers the favorable growth opportunities.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Metal Coated Fibers Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Metal Coated Fibers Market Competitive Landscape
The “Global Metal Coated Fibers Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Fiberguide Industries Inc., IVG Fiber Ltd., OZ Optics Limited, Technical Fiber Products Limited, Engineered Fibers Technology LLC., Art Photonics GmbH, Conductive Composites Co. LLC, LEONI, Hollingsworth and Vose Company, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Metal Coated Fibers Market, By Material
• Nickel Coated Fiber
• Copper-Nickel Coated Fiber
• Aluminum Coated Fiber
• Others
Metal Coated Fibers Market, By Fiber
• Single Mode Fibers
• Multimode Fibers
• Other
Metal Coated Fibers Market, By Plating
• Electroless Plating
• Electroplating
• Freezing
• Other
Metal Coated Fibers Market, By End-User
• Oil and Gas
• Medical
• Telecom & Data Centers
• Defense & Aerospace
• Others
Metal Coated Fibers Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America
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