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Fiber Optic Components - Global Market Trajectory & Analytics

  • ID: 338808
  • Report
  • February 2022
  • Region: Global
  • 882 Pages
  • Global Industry Analysts, Inc
Rise in Data Storage Networks Sparks Up Demand for Fiber Optic Components

FEATURED COMPANIES

  • 3M Company
  • Broadcom Inc.
  • Diamond SA
  • Hirose Electric Co., Ltd.
  • Lumentum Operations LLC
  • NEXANS SA

Global Fiber Optic Components Market to Reach $32.5 Billion by 2026


Fiber optic technology is embraced all over the world due to its innate advantages over the conventionally used copper. Glass optical fiber has high tensile strength as compared to all other mediums. The extremely high pull strength of 150-plus pounds for two-fiber cable is about 8 times the strength of Category 5 unshielded twisted-pair copper. Fiber is also comparatively smaller and lighter than copper, rendering it easier to handle and needing less space in floors, ceilings and narrow ducts. Field termination, splicing and testing of fiber-optic cables and connectors is easier, discarding the traditional installation of copper. Fiber optic technology has found application in telecommunications, computer links, video transmissions, defense, and select industrial, medical, and scientific areas. Fiber optic components essentially consist of active equipment that are used to install and operate the fiber optic networks and passive equipment which form a part of other standard equipment to be used in numerous applications. Amid the COVID-19 crisis, the global market for Fiber Optic Components estimated at US$19.8 Billion in the year 2020, is projected to reach a revised size of US$32.5 Billion by 2026, growing at a CAGR of 8.2% over the analysis period. Transmitters / Receivers, one of the segments analyzed in the report, is projected to grow at a 8.6% CAGR to reach US$15.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Connectors segment is readjusted to a revised 9% CAGR for the next 7-year period. This segment currently accounts for a 25.2% share of the global Fiber Optic Components market.



The U.S. Market is Estimated at $4.4 Billion in 2021, While China is Forecast to Reach $8.5 Billion by 2026


The Fiber Optic Components market in the U.S. is estimated at US$4.4 Billion in the year 2021. The country currently accounts for a 20.3% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$8.5 Billion in the year 2026 trailing a CAGR of 9.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR while Rest of European market (as defined in the study) will reach US$9.2 Billion by the close of the analysis period.

The market is expected to witness strong growth in the coming years, driven by the continuous rise in demand for higher bandwidth and the ensuing need for fiber-based broadband, robust growth in mobile Internet, as well as the strengthening FTTx related deployments, specifically in developing Asian countries, among others. Investments in Fiber-to-the-Home/Building (FTTH/B) will continue to remain crucial to the market`s growth. Liberalization of regulatory regimes in several countries and support from government for deployment of FTTH/B bodes well for the market. Globally, the number of fiber-connected homes is expected to increase strongly, driven by significant FTTH deployments by leading operators in North America, Asia Pacific and the EMEA. The use of broadband connections to enable teleworking, telecommuting from home, home security, and home automation services is driving home developers to deploy fiber networks. The emergence of FTTH as the only solution to fulfill the current and future data demands of a wired home network is poised to indirectly benefit the market for fiber optic components. FTTB architecture is mostly deployed in regions such as South Korea, Hong Kong, and Taiwan with high population concentrations in urban areas dominated by apartment buildings. Also, consumers` income level has a direct correlation to the type of optical access deployment. While demand for fiber optics is surging, the high costs associated with the cables is deterring widespread customer adoption. Also, the complexity involved in connecting various optic fibers, along with the difficulty associated with repeaters installation, is hindering market growth.

Amplifiers Segment to Reach $3.8 Billion by 2026


Fiber optic amplifiers are devices that are used to boost the power of optical signals, thereby extending the distance they can travel over the fiber before regeneration of the signal is required. Different types of amplifiers are used to suit different applications basing on the purpose and the network, viz., single mode fiber network, bi directional, dispersion shifted/non-dispersion shifted fiber optic networks. Types of amplifiers include, the Optical Line/Post Amplifier, the Bidirectional Optical Line Amplifier and built in amplifiers that are built inside transmitters. In the global Amplifiers segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$666.1 Million by the year 2026, while Latin America will expand at a 7% CAGR through the analysis period.

Select Competitors (Total 301 Featured) -

  • 3M Company
  • ABB Ltd.
  • Amphenol Corp.
  • Broadcom Inc.
  • Ciena Corporation
  • Corning Inc.
  • Diamond SA
  • EMCORE Corporation
  • Fujikura Ltd.
  • Furukawa Electric Co., Ltd.
  • Hirose Electric Co., Ltd.
  • Hitachi Metals, Ltd.
  • HUBER+SUHNER AG
  • Japan Aviation Electronics Industry, Ltd.
  • Lumentum Operations LLC
  • Methode Electronics Inc.
  • Molex LLC
  • NEXANS SA
  • Nokia Corporation
  • Prysmian Group
  • Siemens AG
  • Sterlite Technologies Ltd.
  • Sumitomo Electric Industries, Ltd.
  • TE Connectivity Ltd.
  • Tellabs
  • Valdor Fiber Optics Inc.
Frequently Asked Questions about the Global Market for Fiber Optic Components

What is the estimated value of the Global Market for Fiber Optic Components?

The Global Market for Fiber Optic Components was estimated to be valued at $19.8 Billion in 2020.

What is the growth rate of the Global Market for Fiber Optic Components?

The growth rate of the Global Market for Fiber Optic Components is 8.6%, with an estimated value of $32.5 Billion by 2026.

What is the forecasted size of the Global Market for Fiber Optic Components?

The Global Market for Fiber Optic Components is estimated to be worth $32.5 Billion by 2026.

Who are the key companies in the Global Market for Fiber Optic Components?

Key companies in the Global Market for Fiber Optic Components include 3M Company, ABB Ltd., Amphenol Corp., Broadcom Inc., Ciena Corporation, Corning Inc., Diamond SA, EMCORE Corporation and Furukawa Electric Co., Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • Broadcom Inc.
  • Diamond SA
  • Hirose Electric Co., Ltd.
  • Lumentum Operations LLC
  • NEXANS SA

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Fiber Optic Components - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Exposes Weaknesses of Present Systems Totally Dependent on the Internet
  • Pandemic Impact on the Communications Technology Industry
  • An Introduction to Fiber Optics and Components
  • Fiber Optic Components
  • Product Segments: Fiber Optic Components
  • Market Overview
  • Developing Markets Drive Growth
  • Development of Telecommunications Sector: Key to Market Growth
  • World Telecom Cable Market (2021E): Percentage Volume Breakdown by Region
  • Fiber Optic Connectors Power Telecom Infrastructure
  • Growth in Fiber Optic Network Deployments: Critical Driving Force
  • Recent Developments in Global Optical Fiber Cable Market
  • Growing Number of Multimode or Specialized Fiber Uses
  • Internet’s Rising Contribution to Economy: Need for Optic Fiber Cable Networks
  • Rising Demand for High Bandwidth Applications Bodes Well for Components Market
  • Increasing Penetration of Internet Bolsters Fiber Optic Components Market
  • Growth in Internet Video to Trigger Use of Deployment of Optical Fiber Cable Systems
  • Competitive Landscape
  • Vertical Integration: A Key Competitive Advantage
  • Horizontal Integration: Another Key Weapon in Competitive Arsenal
  • Deregulation and Privatization of Telecom Sector Drives Fiber Optic Industry
  • Improving Quality of Fiber Optic Products: A Strategy to Withstand Competition
  • Reducing Installation Cost of Fiber Optic Networks
  • Utilities in Telecom Sector - Implications for the Fiber Optics Market
  • Fiber Optic Component Manufacturing: A Fragmented Marketplace
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Widening Use Case of Fiber Optic Cables Triggers Robust Uptake of Fiber Optic Components
  • New Initiatives & New Uses to Widen the Addressable Market
  • Innovations & Advancements: Key to Market Growth
  • Growing Adoption of Data Intensive Internet Applications Creates the Need for Fiber Optics
  • Government Funding & Active Involvement of Private Players Ramp Up the Fiber Optics Market
  • Sustained Opportunities for Fiber Optic Connectors
  • Fiber-Optic Connectors and Mechanical Splices Market by Connector Type (2021): Percentage Breakdown of Revenues for Multi-Mode Connectors, Single-Mode Connectors and Mechanical Splice
  • Single Mode and Multi-Mode Optical Fiber Production by Region (2021): Percentage Breakdown of Production Volume for Asia-Pacific, North America, Europe and Rest of World
  • Surging Demand for Fiber Optic Amplifiers Augurs Well
  • Fiber Optic Collimator Lens Assemblies Market in Growth Mode
  • Global Fiber Optic Collimator Lens Assemblies Market (2021): Percentage Breakdown of Value Sales by Geographic Region
  • Global Fiber Optic Collimator Lens Assemblies Market by Lens Count (2021): Percentage Share Breakdown of Sales Value for Single Lens, 2-12 Lens, and > 12 Lens
  • Optical Isolators Market: An Insight
  • Global Optical Isolators Market (2021): Percentage Breakdown of Unit Consumption by Geographic Region
  • Global Optical Isolators Market (2021): Percentage Breakdown of Value Sales by Application Sector
  • Fiber Optic Circulators Market: Dominated by 3-Port Circulators
  • World Fiber Optic Circulator Market (2021): Percentage Value Breakdown by Type of Port
  • Fiber Optic Fusion Splicer Market: Growth Driven by Asia-Pacific
  • Fiber Optic Fusion Splicer Market (2021): Percentage Share Breakdown of Consumption Value by Fiber Type
  • Rising Demand for Fiber Optic Patch Cords Market
  • Fiber Optic Sensors Continue to Make Big Gains
  • Increasing Acceptance of Fiber Bragg Grating (FBG) Sensors
  • Fiber Optic Sensing Offers an Ideal Technology for Permanent Reservoir Monitoring
  • Growing Opportunities for Fiber Optics in Diverse Infrastructure Verticals Elevates Market Prospects
  • Healthcare Sector Evolves into a High-Growth Market for Fiber Optic Components
  • Key Areas for Optical Fiber Technology in Medical Sector
  • Military Applications: Niche End-Use Segment
  • Fiber Optics to Witness Growth in Avionics Sector
  • Undersea Applications Enhance Market Prospects
  • Rising Spending on Small Cell Backhaul Infrastructure Augurs Well
  • Comparative Analysis of Global Small Cell Backhaul Installation by Type (2021): Percentage Breakdown of Number of Installations of Microwave Link, Optic Fiber Cable, and Copper Cable
  • Rise in Data Storage Networks Sparks Up Demand for Fiber Optic Components
  • Advanced Fiber Optics and Use in Next Generation Networks
  • Free-Space Optics: An Alternative to Fiber Optic Cables
  • Strong Growth on the Cards for Passive Optical Components
  • Harsh Environment Fiber Optic Components Make a Cut
  • Two Way Communications: Uncertain Future Clouds Potential Opportunities
  • Issues Related to Piracy of Cable Programming Sent Over Fiber-Optic Cables

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Telecom Industry: Focus on High-Speed Fiber Networks
  • Fiber Optic Networks Register Steady Growth
  • FTTP Deployments: On the Rise
  • US Government Tightens Control on Undersea Cable Services and Systems
  • Competitive Scenario

CANADA

  • Market Overview

JAPAN

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Fiber Optic Networks: Favorable Growth Prospects
  • Optical Fiber Cable Market in China
  • Select Statistical Data
  • Optical Fiber Market in China (2019E): Percentage Breakdown of Production Capacity by Leading Company
  • Optical Fiber Market in China (2019E): Percentage Breakdown of Volume Sales by Leading Company
  • Fiber Connector Market in China (2019E): Percentage of Fiber Connector Companies in Operation by Sector
  • Fiber Connector Product Diversity in China (2019E): Percentage of Fiber Connector Companies in Operation by Fiber Connector Product Range
  • Fiber Connector Market in China (2019E): Percentage of Number of Fiber Connector Companies in Operation by Province

EUROPE

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview

FRANCE

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Internet-based Services Spur Investments in Telecom Infrastructure Development

AUSTRALIA

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
  • Fiber Optic Gains Preference for Oil and Gas Exploration
  • High Cost of Internet Data Transmission over Submarine Cables
  • Creating Mesh Networks for Greater Reliability and Faster Connectivity

INDIA

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • National Broadband Project - Opportunities for Growth
  • Submarine Cables Market on Expansion Mode

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Fiber Optic Components Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 301
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Company
  • ABB Ltd.
  • Amphenol Corp.
  • Broadcom Inc.
  • Ciena Corporation
  • Corning Inc.
  • Diamond SA
  • EMCORE Corporation
  • Fujikura Ltd.
  • Furukawa Electric Co., Ltd.
  • Hirose Electric Co., Ltd.
  • Hitachi Metals, Ltd.
  • HUBER+SUHNER AG
  • Japan Aviation Electronics Industry, Ltd.
  • Lumentum Operations LLC
  • Methode Electronics Inc.
  • Molex LLC
  • NEXANS SA
  • Nokia Corporation
  • Prysmian Group
  • Siemens AG
  • Sterlite Technologies Ltd.
  • Sumitomo Electric Industries, Ltd.
  • TE Connectivity Ltd.
  • Tellabs
  • Valdor Fiber Optics Inc.
Note: Product cover images may vary from those shown