The global optical fiber raw material market was valued at $0.9 billion in 2021 and is projected to reach $2.9 billion by 2031, growing at a CAGR of 11.9% from 2022 to 2031.
Optical fiber is the medium and technology used to carry data from one source to another through a plastic or glass thread. Through optical links, information is conveyed as quick light pulses. At the receiving end of a fiber optic cable, light pulses are converted to binary values. Optical fiber provides various benefits, including higher bandwidth, reduced size, and weight, resilience to electromagnetic interference, data security, and electrical isolation, among others. These are utilized in communication applications, such as telecom, utilities, community access television (CATV), and military, as well as non-communication uses, such as sensors and fiber optic lighting.
Optical fibers are utilized in a variety of applications, including telecommunications, broadband, and data networking, due to their capacity to promote data transmission and communication. In addition, they are the most secure and cost-effective method for delivering sensitive data. The increasing demand for safe and quick internet connections in both the residential and commercial sectors is driving market expansion. Increasing internet penetration and smartphone ownership are driving an increase in data traffic, which, in turn, is driving an increase in the use of optical fiber with infinite capacity, hence stimulating market expansion. Moreover, the growing popularity of undersea infrastructure is resulting in an increased demand for cost-effective and long-lasting optical fibers, hence driving market expansion.
The implementation of favorable government policies in several emerging economies is stimulating the expansion of the market. Governments in a number of nations are deploying optical fibers to promote digitalization and provide internet access to remote communities. To promote digitalization, for instance, the Indian government intends to connect every village with optical fibers within three years. In addition, the German government is installing 60,000 kilometers of optical fiber connection for ultra-fast internet. These activities are raising the need for optical fiber cable, hence driving market expansion. In addition, the increasing improvements in telecommunications in the Middle East and Africa, as well as the region's expanding need for high-speed internet, are driving the market's expansion. Consequently, the rising demand for optical fiber will propel the market for optical fiber raw materials.
As wireless communication systems are considered alternatives to the use of fiber optics, the growth in the wireless communication systems market is expected to hinder the growth of the optical fiber market. Wireless communication systems have revolutionized the means of communication, data exchange, and transactions giving way to a new digital economy. Technological proliferation, growth in the usage of digital devices, and improved interfaces for real-time web surfing and applications have significantly increased data usage over wireless networks. Thus, the increasing wireless communications system will limit the usage of optical fiber and will hamper the growth of the optical fiber raw materials market.
The growth of 5G will be fueled by the hike in consumer data and the explosion of internet of things (IoT) devices. According to International Telecommunications Union (ITU), the market for IoT devices will result in over $ 46 billion by 2021. Moreover, numerous countries have invested in optical fiber deployments, which has been creating opportunities for the market; for instance, the U.S. is expected to need significantly more fiber-optic infrastructure over the next 5-7 years to support upcoming 5G wireless and broadband competition and rural broadband coverage and is expected to deploy fiber cable of around $130 billion to $150 billion. Thus, rising investments in optical fiber cable (OFC) network infrastructure will increase the demand for optical fiber and will drive the growth of the optical fiber raw materials market.
The optical fiber raw material market is segmented into raw material, end-user industry, and region. Depending on the raw material, the market is divided into silicon tetrachloride, germanium tetrachloride and phosphorus oxychloride. On the basis of the end-user industry, it is categorized into IT and telecom, aerospace, healthcare, defenses, energy and utilities, manufacturing, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global optical fiber raw material market are Fujikura Ltd, Corning Inc, Sterlite Technologies Ltd, Furukawa Electric Co. Ltd, The Prysmian Group, Finisar Corporation, Sumitomo Electric Industries Ltd, Nexans S.A., Reflex Photonics, TATA Communications.
Optical fiber is the medium and technology used to carry data from one source to another through a plastic or glass thread. Through optical links, information is conveyed as quick light pulses. At the receiving end of a fiber optic cable, light pulses are converted to binary values. Optical fiber provides various benefits, including higher bandwidth, reduced size, and weight, resilience to electromagnetic interference, data security, and electrical isolation, among others. These are utilized in communication applications, such as telecom, utilities, community access television (CATV), and military, as well as non-communication uses, such as sensors and fiber optic lighting.
Optical fibers are utilized in a variety of applications, including telecommunications, broadband, and data networking, due to their capacity to promote data transmission and communication. In addition, they are the most secure and cost-effective method for delivering sensitive data. The increasing demand for safe and quick internet connections in both the residential and commercial sectors is driving market expansion. Increasing internet penetration and smartphone ownership are driving an increase in data traffic, which, in turn, is driving an increase in the use of optical fiber with infinite capacity, hence stimulating market expansion. Moreover, the growing popularity of undersea infrastructure is resulting in an increased demand for cost-effective and long-lasting optical fibers, hence driving market expansion.
The implementation of favorable government policies in several emerging economies is stimulating the expansion of the market. Governments in a number of nations are deploying optical fibers to promote digitalization and provide internet access to remote communities. To promote digitalization, for instance, the Indian government intends to connect every village with optical fibers within three years. In addition, the German government is installing 60,000 kilometers of optical fiber connection for ultra-fast internet. These activities are raising the need for optical fiber cable, hence driving market expansion. In addition, the increasing improvements in telecommunications in the Middle East and Africa, as well as the region's expanding need for high-speed internet, are driving the market's expansion. Consequently, the rising demand for optical fiber will propel the market for optical fiber raw materials.
As wireless communication systems are considered alternatives to the use of fiber optics, the growth in the wireless communication systems market is expected to hinder the growth of the optical fiber market. Wireless communication systems have revolutionized the means of communication, data exchange, and transactions giving way to a new digital economy. Technological proliferation, growth in the usage of digital devices, and improved interfaces for real-time web surfing and applications have significantly increased data usage over wireless networks. Thus, the increasing wireless communications system will limit the usage of optical fiber and will hamper the growth of the optical fiber raw materials market.
The growth of 5G will be fueled by the hike in consumer data and the explosion of internet of things (IoT) devices. According to International Telecommunications Union (ITU), the market for IoT devices will result in over $ 46 billion by 2021. Moreover, numerous countries have invested in optical fiber deployments, which has been creating opportunities for the market; for instance, the U.S. is expected to need significantly more fiber-optic infrastructure over the next 5-7 years to support upcoming 5G wireless and broadband competition and rural broadband coverage and is expected to deploy fiber cable of around $130 billion to $150 billion. Thus, rising investments in optical fiber cable (OFC) network infrastructure will increase the demand for optical fiber and will drive the growth of the optical fiber raw materials market.
The optical fiber raw material market is segmented into raw material, end-user industry, and region. Depending on the raw material, the market is divided into silicon tetrachloride, germanium tetrachloride and phosphorus oxychloride. On the basis of the end-user industry, it is categorized into IT and telecom, aerospace, healthcare, defenses, energy and utilities, manufacturing, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global optical fiber raw material market are Fujikura Ltd, Corning Inc, Sterlite Technologies Ltd, Furukawa Electric Co. Ltd, The Prysmian Group, Finisar Corporation, Sumitomo Electric Industries Ltd, Nexans S.A., Reflex Photonics, TATA Communications.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the optical fiber raw material market analysis from 2021 to 2031 to identify the prevailing optical fiber raw material market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the optical fiber raw material market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global optical fiber raw material market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Raw Material
- Silicon Tetrachloride (SiCl4)
- Germanium Tetrachloride (GeCl4)
- phosphorus oxychloride (POCl3)
By End User Industry
- IT and Telecome
- Aerospace
- Healthcare
- Energy and utilities
- Manufacturing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Furukawa Electric Co., Ltd.
- Sumitomo Electric Industries
- Sterlite Technologies Ltd.
- Reflex Photonics
- Fujikura Ltd.
- Corning Inc.
- Finisar Corporation
- Nexans S.A.
- Tata Communications Ltd.
- The Prysmian Group
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: OPTICAL FIBER RAW MATERIAL MARKET, BY RAW MATERIAL
CHAPTER 5: OPTICAL FIBER RAW MATERIAL MARKET, BY END USER INDUSTRY
CHAPTER 6: OPTICAL FIBER RAW MATERIAL MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Optical Fiber Raw Material Market," the optical fiber raw material market was valued at $0.9 billion in 2021, and is estimated to reach $2.9 billion by 2031, growing at a CAGR of 11.9% from 2022 to 2031.An optical fiber is a transparent and flexible fiber made by drawing glass or plastic, which is used to transmit light. It is widely applicable in fiber-optic communications, where they allow transmission over longer distances and at higher bandwidths than wire cables. The adoption of fiber optic cables has increased over metal wires to send signals with lesser signal loss. Increase in internet penetration is the primary growth factor of the global optical fiber market. The number of internet users is increasing continuously, and consumers are using various online platforms for different purposes. To keep up with the growing demand of higher bandwidth and high-speed data and to meet the need of the rising data traffic, network operators are upgrading their networks and are deploying optical fiber technologies. Optical fiber enables faster data transfer, provides greater bandwidth, and has an extremely low chance of data loss as compared to the electric signals of copper wires.
Silicon tetrachloride is corrosive to metals in the presence of moisture, yet it is not flammable in its pure form. It is employed in the synthesis of numerous silicon-based compounds and also in chemical analysis. The chemical is also utilized in the production of semiconductors and optical fibers. As a result of their extensive use in the production of electronic goods, the demand for semiconductors has increased exponentially globally. Rapid global expansion in the manufacture of GPS, communications, and electronic gadgets is projected to have a significant impact on the rise of silicon tetrachloride. High-purity silicon tetrachloride is a crucial raw material in the production of optical cable conductors. In recent years, the need for LTE, 4G, and 5G connections has increased exponentially, creating a demand for fiber optics. As a result, exceptional demand growth for silicon tetrachloride is anticipated to fuel the expansion of the global optical fiber raw material market in the coming years.
As wireless communication systems are considered alternatives to the use of fiber optics, the growth in the wireless communication systems market is expected to hinder the growth of the optical fiber market. Wireless communication systems have revolutionized the means of communication, data exchange, and transactions giving way to a new digital economy. Technological proliferation, growth in the usage of digital devices, and improved interfaces for real-time web surfing and applications have significantly increased data usage over wireless networks. Thus, the increasing wireless communications system will limit the usage of optical fiber and will hamper the growth of the optical fiber raw materials market.
The growth of 5G will be fueled by the hike in consumer data and the explosion of internet of things (IoT) devices. According to International Telecommunications Union (ITU), the market for IoT devices will result in over $46 billion by 2021. Moreover, numerous countries have invested in optical fiber deployments, which has been creating opportunities for the market; for instance, the U.S. is expected to need significantly more fiber-optic infrastructure over the next 5-7 years to support upcoming 5G wireless and broadband competition and rural broadband coverage and is expected to deploy fiber cable of around $130 billion to $150 billion. Thus, rising investments in optical fiber cable (OFC) network infrastructure will increase the demand for optical fiber and will drive the growth of the optical fiber raw materials market.
For analysis, the optical fiber raw material scope covers segmentation based on raw material, end-user industry, and region. The report provides information on several raw materials, including the market divided into silicon tetrachloride, germanium tetrachloride and phosphorus oxychloride. Furthermore, the end-user industry covered in the study includes IT and telecom, aerospace, healthcare, defenses, energy and utilities, manufacturing, and others. In addition, it analyzes the current market trends across different regions, such as North America, Europe, Asia-Pacific, and LAMEA.
The report highlights numerous factors that influence the growth of the global optical fiber raw material market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key market players to increase their market share and sustain the intense competition in the industry.
The major players operating in the global optical fiber raw material market are Fujikura Ltd, Corning Inc, Sterlite Technologies Ltd, Furukawa Electric Co. Ltd, The Prysmian Group, Finisar Corporation, Sumitomo Electric Industries Ltd, Nexans S.A., Reflex Photonics, and TATA Communications.
Key Findings of the Study
- On the basis of raw material, the silicon tetrachloride segment is expected to grow at a CAGR of 12.0%, in terms of revenue, during the forecast period.
- Depending on end-user industry, the healthcare segment is expected to grow at a CAGR of 13.3%, in terms of revenue, during the forecast period.
- Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.
Companies Mentioned
- Furukawa Electric Co., Ltd.
- Sumitomo Electric Industries
- Sterlite Technologies Ltd.
- Reflex Photonics
- Fujikura Ltd.
- Corning Inc.
- Finisar Corporation
- Nexans S.A.
- Tata Communications Ltd.
- The Prysmian Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 490 |
| Published | February 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 0.9 billion |
| Forecasted Market Value ( USD | $ 2.9 billion |
| Compound Annual Growth Rate | 12.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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