Metal Coatedmetal Coated Fibers Market, Global Outlook and Forecast
Market Overview:
The metal coatedmetal coated fibers market is driven by the growing demand for metal coatedmetal coated fibers from harsh environment-related applications. Continuous growth and expansion of the defense, aerospace, and medical industries in various countries across the globe also contribute to market growth. Moreover, the players operating in the metal coatedmetal coated fibers market focus on offering innovative products in response to an ever-increasing demand for metal coatedmetal coated fibers from various applications.
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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.
Based on material, the global metal coatedmetal coated fibers market is segmented into aluminum, copper, nickel, and others. The aluminum segment held the largest share of the global metal coatedmetal coated fibers market in 2020. Aluminum-coated fibers are suitable for a lot of unique applications. They offer excellent protection at extended stress levels. Aluminum-coated fibers are resistant to gases, radiation, and other hostile environments in various applications.
The global metal coatedmetal coated fibers market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2020, North America held the largest revenue share of the global metal coatedmetal coated fibers market. The massive growth of the metal coatedmetal coated fibers market in North America is due to the fast-growing end-user industries such as oil & gas, aerospace & defense, and medical.
Impact of COVID-19 Pandemic on Metal Coated Fibers Market
The unprecedented rise in the number of COVID-19 cases and the subsequent lockdown of numerous manufacturing facilities in various countries have impacted the growth of various markets. The significant disruption in manufacturing impacted the demand for metal coatedmetal coated fibers. In Europe, the demand for fiber optic cable has increased during the pandemic due to the increased demand for broadband capacity spurred by the COVID-19 pandemic.
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 Electronics; Thorlabs, Inc.; OZ Optics; and Technical Fiber Products.
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