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Fiber Optics - Global Market Trajectory & Analytics

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    Report

  • 546 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804932

Global Fiber Optics Market to Reach $8 Billion by 2026


Fiber optic technology is embraced all over the world due to its innate advantages over the conventionally used copper. Growth in the global market is set to receive a major stimulus from increasing demand for high-bandwidth connectivity to support high-speed data transmission, technological advances, emerging applications and high uptake across smart cities. Optical fibers have emerged as a compelling technology in the modern era characterized by robust demand for high bandwidth and high-speed data transfer. The technology has radically transformed data, video and voice transmission. Fiber-powered Internet offers higher bandwidth to users for seamless and heavy data transfer to support various applications including TV show or movie streaming, video conferencing and online gaming, providing a significant push to the fiber optics market. The market expansion is also facilitated by strong demand for high-speed Internet within the communication and IT sectors along with rising focus on Fiber to the X (FTTx). Ongoing advances in the field of telecommunications are likely to further push investments in broadband network architectures and bolster the market growth. Continuing improvements in communication networking and the shift towards digitalization are poised to help fiber optics market in posting substantial growth. Furthermore, expansion of the IT infrastructure, telecommunication, automotive and other industries is slated to create new avenues for vendors.

Amid the COVID-19 crisis, the global market for Fiber Optics estimated at US$5.8 Billion in the year 2022, is projected to reach a revised size of US$8 Billion by 2026, growing at a CAGR of 9.3% over the analysis period. Single Mode, one of the segments analyzed in the report, is projected to grow at a 9.5% CAGR to reach US$6.6 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 Multi Mode segment is readjusted to a revised 8.7% CAGR for the next 7-year period. This segment currently accounts for a 24.1% share of the global Fiber Optics market. The single mode product variant, likely to witness considerable growth, is utilized for long distance installations that range from 2 meters - 10,000 meters. Despite being more expensive as compared to plastic and multimode optical fibers, the single mode segment offers lesser loss of power as compared to plastic and multimode optical fibers.

The U.S. Market is Estimated at $781.8 Million in 2022, While China is Forecast to Reach $2.3 Billion by 2026


The Fiber Optics market in the U.S. is estimated at US$781.8 Million in the year 2022. The country currently accounts for a 13.89% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.3 Billion in the year 2026 trailing a CAGR of 11.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR while Rest of European market (as defined in the study) will reach US$2.5 Billion by the end of the analysis period. North America and Europe together claim a large revenue share of the global market due to increasing demand for high-capacity networks and the presence of data-driven industries. IT solution providers and other players requiring high-speed Internet connections in these regions are investing in optical fiber networks to support mobile and fixed telephony services. Asia-Pacific is estimated to emerge as a prominent market in the coming years on account of increasing infrastructural development projects and rapid industrialization, providing a notable impetus to the fiber optics technology to support a comprehensive spectrum of applications. Telecom operators across China are deploying optical fibers for different applications and supporting intra-city, intercity and mobile cellular systems. Optical fibers systems are also witnessing increasing uptake in China for other applications including airports, railways, highways, pipelines, power grid, and data centers.

Select Competitors (Total 95 Featured):

  • AFL
  • Birla Furukawa Fiber Optics Limited
  • Corning Incorporated
  • Finolex Cables Limited
  • Furukawa Electric Co. Ltd.
  • General Cable Corporation
  • General Cable Technologies Corporation
  • Hewlett Packard Enterprise Company
  • IBM Corporation
  • Leoni AG
  • LS Cable & System
  • OFS Fitel, LLC
  • Optical Cable Corporation (OCC)
  • Oracle Corporation
  • Prysmian Group
  • Sterlite Technologies Limited
  • Sumitomo Electric Industries, Ltd
  • Yangtze Optical Fiber and Cable Co., Ltd. (YOFC)

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Fiber Optics

What is the estimated value of the Global Market for Fiber Optics?

The Global Market for Fiber Optics was estimated to be valued at $5.8 Billion in 2022.

What is the growth rate of the Global Market for Fiber Optics?

The growth rate of the Global Market for Fiber Optics is 8.4%, with an estimated value of $8 Billion by 2026.

What is the forecasted size of the Global Market for Fiber Optics?

The Global Market for Fiber Optics is estimated to be worth $8 Billion by 2026.

Who are the key companies in the Global Market for Fiber Optics?

Key companies in the Global Market for Fiber Optics include AFL, Birla Furukawa Fiber Optics Limited, Corning Incorporated, Finolex Cables Limited, Furukawa Electric Co. Ltd., General Cable Corporation, General Cable Technologies Corporation, Hewlett Packard Enterprise Company and Leoni AG.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Fiber Optics - 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
  • Impact of the Pandemic on Fiber Optics Industry
  • An Introduction to Fiber Optics
  • Optical Fiber
  • Fiber Optic Cable
  • Fiber Optics: Incredibly Thin Fibers Lighting High-Speed Data Transmission Revolution
  • World Fiber Optics Market by Cable Type (2021 & 2027): Percentage Breakdown of Sales for Single Mode, and Multi Mode
  • World Fiber Optics Market by Fiber Type (2021 & 2027): Percentage Breakdown of Sales for Glass Optical Fiber, and Plastic Optical Fiber
  • Limitations of Fiber Optics & Improvements Thereon
  • Emerging Applications of Fiber Optics
  • Global Market Prospects & Outlook
  • Need for Higher Bandwidth in Modern Age Creates Ideal Fabric for Fiber Optics Market
  • Focus on Scalable, High-Speed Communication Infrastructure Helps Fiber Optics Market Leap Forward
  • Perceptible Factors Catalyzing Expansion of Global Fiber Optics Market
  • Market Restrains
  • Analysis by Application: Communication Remains Primary Application Segment
  • Optical Fibers Need Further Improvements to Satiate Emerging Telecom Demands
  • World Fiber Optics Market by Application (2021 & 2027): Percentage Breakdown of Sales for Communication, and Non-Communication
  • Regional Analysis
  • World Fiber Optics Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
  • World Fiber Optics Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Middle East, Latin America, Africa, USA, Canada, Europe, and Japan
  • Competitive Landscape: Vendors Eye Product Development & Regional Expansion
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increased Uptake Across Diverse End-user Industries Favors Present & Future Expansion of Fiber Optics Market
  • Ongoing Expansion in Optical Communication Domain Underpins Revenue Growth
  • Healthy Trajectory in OTN & FTTx Verticals Augurs Well
  • Rising IP Traffic & Escalating Bandwidth Needs Bring Fiber Optics to the Fore
  • Global IP Traffic Volume in Exabytes for the Years 2019 and 2022
  • A Look Into Global Internet User Base & Usage Patterns
  • World Internet Penetration Rate (in %) by Geographic Region: March 2021
  • Smartphone, Tablets, and Laptops Shipments in Million Units for the Years 2019, 2021 and 2023
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Global Wireless Communication Market (2019 & 2021): Percentage Breakdown of Traffic Volume by Mobile Device Type
  • Proliferation of Bandwidth-Intensive Applications Steers Internet Consumption Volumes
  • Breakdown of Global IP Traffic by Application Type (in %): 2019 & 2022
  • Robust Spending on Fiber Optic Infrastructure Across Telecom Verticals to Sustain Market Momentum
  • Data Center Trends Elevate the Market Potential of Fiber Optics
  • Emphasis on DCI Approach Generates Novel Opportunities
  • Smart Cities Concept to Underpin Sales Growth in the Coming Years
  • Smart Homes to Progressively Drive the Demand for Fiber Optics
  • Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • Fiber Optic Technology Advances in Medical Industry Improve Patient Care
  • Uptake of Loose-Tube & Tight-Buffered Cable Designs Remains Robust
  • Sustained Demand for Single-Mode, Multi-Mode & POF Cables Augurs Well
  • Glass Fiber Optics Remains the Dominant Category
  • Novel Opportunities for Plastic Fibers
  • Growing Demand for Active Optical Cables Bodes Well
  • Rapidly Evolving Use Case of Fiber Optic Sensors Gives Impetus to Market Expansion
  • Global Fiber Optic Sensors Market (2019 & 2024): Breakdown of Sales in US$ Million by Geographic Region
  • Technology Improvements & Innovative Applications to Widen the Addressable Market
  • Advanced Components & Sophisticated Working Principle Augment Demand
  • Twisted Fiber Optic Light Enhances Internet Speed
  • Advancements in PIC Technology
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Fiber Optics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 95

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AFL
  • Birla Furukawa Fiber Optics Limited
  • Corning Incorporated
  • Finolex Cables Limited
  • Furukawa Electric Co. Ltd.
  • General Cable Corporation
  • General Cable Technologies Corporation
  • Hewlett Packard Enterprise Company
  • IBM Corporation
  • Leoni AG
  • LS Cable & System
  • OFS Fitel, LLC
  • Optical Cable Corporation (OCC)
  • Oracle Corporation
  • Prysmian Group
  • Sterlite Technologies Limited
  • Sumitomo Electric Industries, Ltd
  • Yangtze Optical Fiber and Cable Co., Ltd. (YOFC)