|Alcatel Lucent (France)|
|Amphenol Corporation (US)|
|Light Guide (Latvia)|
|Ceram Optec (Germany)|
|Corning Optical Communications (US)|
|Diamond SA (US)|
|Sumitomo Electric (Japan)|
|Laser Components (Germany)|
|LEONI AG (Germany)|
|Market Driving Forces|
|Fiber optics cables play a vital role in building 5G infrastructure. Thus|
|the rising demand for high-speed internet services is expected to drive the growth of the global fiber optics market during the study period.|
The demand for high bandwidth connectivity is increasing with the advancements in end-use use applications across several industry verticals and the shift from traditional server-based operations to cloud-based platforms. This has minimized the adoption of physical computing resources as cloud platforms offer benefits such as minimized cost of operations, enhanced data security, no need to invest in and maintain expensive IT infrastructure, easy to deploy applications, and accessibility to anyone in remote locations. Additionally, the demand for 5G connectivity among enterprises to implement industrial IoT is gaining momentum. Fiber optics cables play a vital role in building 5G infrastructure. Thus, the rising demand for high-speed internet services is expected to drive the growth of the global fiber optics market during the study period.Advancements in the technologies, including artificial intelligence (AI), 5G network, Internet of things (IoT), big data, and virtual/augmented/extended reality, are gaining traction, in turn, increasing demand for high-speed of over 100 Gbps, low-latency, and reliable network connection. Thus, the increasing use of FTTX networks is expected to drive the growth of the global fiber optics market during the forecast period.The fiber optics market is driven by factors that comprise rising demand for high-speed internet services and increasing use of FTTX networks.Additionally, the rising demand for fiber optic cables in the aerospace and automotive industries is opening new doors to opportune the industry players to innovate and expand their business to the next level. It is widely deployed across various end users, including telecom & broadband, industrial, military, utilities, and aerospace.
MRFR has segmented the fiber optics market bymode type, application, end user,and region.Based on mode type, the fiber optics market has been divided into single mode and multi-mode. Among these, the single mode segment dominated the market in 2019; it is expected to maintain its dominance throughout the forecast period at the higher CAGR of 8.9% during the forecast period. Single mode fiber is a vital part of broadband networks and is designed to transmit data over long distances. Thus, it is widely used in long-distance communication, higher bandwidth areas such as telecommunication, cable television companies and the education sector. Multi-mode fibers offer high bandwidths at high speed over medium distances. Therefore, multi-mode fibers are considered domestic fibers as they are widely used for local-area networks, for example, fiber-to-the-home (FTTH) networks.Based on application, the fiber optics market has been segmented into long-distance communication, submarine cable, FFTX, local mobile metro network, CATV and other LAN. The long-distance communications segment dominated the global fiber optics market in 2019; it is estimated to maintain its dominance throughout the forecast period. On the other hand, the FTTX Segment is expected to register the highest CAGR of 9.9% during the study period, 2020–2030. The adoption of fiber optics for long-distance communication has increased in various industries. With the IT & telecommunication industry being the largest end users of fiber optic cables to provide local and long-distance telephone, internet services to the end user. There has been a rapid growth in the adoption of FTTX in European countries as fiber optic technology has become the medium of choice for various automotive applications. Based on end user, the fiber optics market has been segmented into telecom & broadband, industrial, military, utilities, aerospace, and other uses. The telecom & broadband segment dominated the global fiber optics market in 2019; it is estimated to maintain its dominance throughout the forecast period.The rising demand for high-speed internet services has increased the use of fiber optics in the telecommunications & broadband market.
By region, the fiber optics market has been segmented into North America, Europe, Asia-Pacific, and South America, and the Middle East & Africa. Asia-Pacific dominated the fiber optics market in 2019 with a value of USD 2,878.4 million and is expected to reach USD 5,034.2 million in 2026 at a CAGR of 8.5%. However, the market in Middle East & Africa is estimated to witness the highest CAGR of 9.1% during the forecast period, 2020–2026.
Source: Industry Expert, Secondary Research, and MRFR Analysis:Asia-Pacific accounted for the largest contributor to the fiber optics market. The regional market is divided intoChina, Japan, India, South Korea, Australia, New Zealand, and the rest of Asia-Pacific. According to MRFR analysis, increasing investments in network infrastructure development and rapid industrialization are driving the growth of the regional market.North America is the second contributor to the fiber optics market. The regional market comprises the US, Canada, and Mexico. According to MRFR analysis, the US is expected to account for the highest market share, followed by Canada and Mexico.While the demand has increased in the other parts of the world, the overall market has matured due to a steady CAGR over the years.Some of the factors responsible for the market's growth include growing demand for high-speed internet services among end-use verticals, including the aerospace industry.Europe is expected to register steady growth in the fiber optics market during the forecast period owing to the rising adoption of FTTX networks and increasing demand for high-speed Internet services. Similar to North America, Europe’s fiber optics market has matured with a steady CAGR over the years.
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Mode Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Alcatel Lucent (France), Amphenol Corporation (US), Finisar (US), Light Guide (Latvia), Ceram Optec (Germany), Corning Optical Communications (US), Diamond SA (US), Fibercore (UK), Sumitomo Electric (Japan), Laser Components (Germany), LEONI AG (Germany), Molex LLC (US), Nufern Inc. (US), OFS Optics (US), Optical Cable Corporation (US), and Yangtze Optical Fiber and Cable Co. Ltd (China).|
|Key Market Opportunities||The rising demand for fiber optic cables in the aerospace and automotive industries is opening new doors to opportune the industry players to innovate and expand their business to the next level.|
|Key Market Drivers||Fiber optics cables play a vital role in building 5G infrastructure. Thus, the rising demand for high-speed internet services is expected to drive the growth of the global fiber optics market during the study period.|
The Fiber Optics Market will be valued at USD $ 14,194.0 million by 2026. The Fiber Optics Industry growing with 8.4% CAGR by 2030.
The valuation of the global fiber optics market is estimated to increase to approximately USD 14,194.0 MN by the end of 2026.
Emergence of 5G and advancements in other communication, IoT, and MEMS technologies are major tailwinds pushing the growth of the fiber optics market.
The players participating in the Fiber Optics market are Alcatel Lucent, Amphenol Corporation, Finisar, Light Guide, Ceram Optec, Corning Optical Communications & so on…
Asia Pacific is expected to hold the highest market share in the global fiber optics market.