Global Metal Coated Fibers Market
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- Published date: February 15, 2021
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- Pune, Pune, Maharashtra, India
Global Metal Coated Fibers Market size was US$ XX Bn. in 2019 and is expected to reach US$ XX Bn. by 2027, at a CAGR of 8.2% during forecast period. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis. Market Definition: Metal fibers are high strength and lightweight materials. These major features make them an ideal product to be used in the aviation, aerospace, automotive, and arms industry which will create a huge demand in the metal coated fibers market. Market Dynamics: Metal coated fibers embedded optical sensors are used for DTS (distributed temperature sensing) for down-hole oil and gas operations. Necessity for hi-tech sensing devices in the defense, medical, and aerospace industries and an upsurge in interest by major material research organizations for developing high-strength smart composites embedded with metal coated fibers are expected to boom the metal coated fibers market globally. On the other hand, degradation of metal coated optical long fibers in harsh environments like high temperatures is one of the major factors expected to hinder the metal coated fibers market over2020-2027. The MMR report presents a market share, overview, and growth opportunities of metal coated fibers market by application, key manufacturers and regions. Global Metal coated Fibers Market: Market Segmentation Also, the report will provide an accurate prediction of the contribution of the various segments to the growth of the metal coated fibers market size. By material, the copper segment expected to grow at the highest XX% CAGR during the forecast period. This is owing to cooper provides high resistance to temperature and high conductivity and shielding capabilities. Based on end-use industry, the oil & gas segment was valued at US$ XX.24 Mn. in 2019 and is expected to reach at US$ XX.54 Mn. by 2027 at a CAGR of XX.34% over the forecast period. The growing demand for oil & gas led to rapid expansion and requirements for specific cabling & connectivity to ensure safety, durability and productivity in harsh environments. Introduction of Fiber optic allows companies to leverage the benefits offered and attracts vendor to invest for improved monitoring while enhancing the accuracy and operational performance. Global Metal Coated Fibers Market: Geographical Analysis Asia-Pacific is expected to continue to hold the largest XX% share in metal coated fibers market owing to rapidly expanding power generation, oil & gas industry, health care and defense & aerospace sector at a significant rate in the region and is expected to show constant growth in the coming forecast.
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