Middle East and Africa Metal Coated Fiber Market

Market Introduction

The Middle East & Africa region includes South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The Middle East & Africa is an evolving market for various industries such as oil & gas, aerospace & defense, and telecommunication and data centers. The demand for metal-coated fibers is significantly high in the region. The market in the MEA is experiencing rapid development with the economic growth of Dubai, Abu Dhabi, and Iran. New investments and better marketing strategies have led to the capture of market share in the MEA. Product innovations is the major factor driving the growth of the MEA metal coated fiber market.  

In the Middle East and Africa region, South Africa is among the major countries with a high number of COVID-19 confirmed cases and deaths. The COVID-19 pandemic has had a severe impact on the economy of the Middle East & Africa. The pandemic has significantly slowed down the growth of the metal coated fibers market in the region due to negative impacts upon the growth of various industries. The COVID-19 pandemic has impacted the oil and gas industry. As a result of lockdowns and stay-at-home orders, consumption of oil has been reduced. The demand for metal coated fibers in the region is improving in the region and is expected to grow during the forecast period.

Market Overview and Dynamics

The metal coated fiber market in MEA is expected to grow from US$ 3.46 million in 2021 to US$ 5.76 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. The demand for metal coated fibers from defense, aerospace, and medical industries is increasing. 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. Recently, the aerospace industry has experienced a surge in demand for harsh-environment fiber optics in both orbital and outer space applications. The demand for increased data transfer rates and the necessity for a lightweight design compared to traditional copper cable are leading to the upgrade of the internal communication systems of many aircraft and spacecraft for optical data transfer using fiber. This is further boosting the demand for metal coated fibers. Metal coated fibers are used in the medical industry in applications such as plasma diagnostic systems in thermonuclear reactors and image guides for visual inspection of nuclear installations. 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. Moreover, continuous growth and expansion of the defense, aerospace, and medical industries in various countries across the region contribute to market growth. Thus, high demand from defense, aerospace, and medical industries is driving the metal coated fibers market.

Key Market Segments

The MEA metal coated fiber market is segmented into material, coating method, end user, and country. Based on material, the MEA metal coated fiber memory market is segmented into aluminum, copper, nickel, and others. The aluminum segment dominated the market in 2020 and copper segment is expected to be the fastest growing during the forecast period. Based on coating method, the MEA metal coated fiber memory market is segmented into freezing method, electroplating, electroless plating, and others. The freezing method segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period. Based on end user, the MEA metal coated fiber memory market is segmented into oil and gas, defense and aerospace, medical, telecommunication and data centers, research & development, and others. The freezing method segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on metal coated fiber market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AFL; Molex, LLC (Koch Industries, Inc.); OZ Optics Ltd.; and Thorlabs, Inc.  are among others.

Reasons to buy report

• To understand the MEA metal coated fiber market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA metal coated fiber market
• Efficiently plan M&A and partnership deals in MEA metal coated fiber market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA metal coated fiber market
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA Metal Coated Fiber Market Segmentation

MEA Metal Coated Fiber Market –By Material

• Aluminum
• Copper
• Nickel
• Others

MEA Metal Coated Fiber Market –By Coating Method

• Freezing Method
• Electroplating
• Electroless Plating
• Others

MEA Metal Coated Fiber Market –By End User Industry

• Oil & Gas
• Defence & Aerospace
• Medical
• Telecommunication & Data Centers
• Research & Development
• Others

MEA Metal Coated Fiber Market -By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA

MEA Metal Coated Fiber Market -Company Profiles

• AFL
• Molex, LLC (Koch Industries, Inc.)
• OZ Optics Ltd.
• Thorlabs, Inc.

Middle East and Africa Metal Coated Fiber Market Strategic Insights

Middle East and Africa Metal Coated Fiber Market Segmentation Analysis

Middle East and Africa Metal Coated Fiber Market Report Highlights

Middle East and Africa Metal Coated Fiber Report Scope

Middle East and Africa Metal Coated Fiber Market Country and Regional Insights