Global Fiber Optics Market – Industry Trends and Forecast to 2030

Fiber Optics Market Analysis and Size

The rising internet penetration and data traffic, increasing number of data centers globally, and growing demand for higher bandwidth are key factors driving the demand for the fiber optics market. The increasing deployment of fiber optic cables beneath the sea led to market growth by increasing the use of installed fiber, improving network capacity, and improving spectral efficiency. Furthermore, rising government initiatives for high-speed fiber optic cable deployment have boosted the demand for global fiber optics market growth. The emergence of low-cost, high-efficiency fiber optic cables for telecommunications applications, combined with technological improvements in the semiconductor industry, has fueled the demand for optical sensor development.

Data Bridge Market Research analyses that the global fiber optics market which was USD 6,123.24 million in 2022, is expected to reach USD 11,564.13 million by 2030, and is expected to undergo a CAGR of 9.70% during the forecast period 2023-2030. This indicates that the market value. “Glass” dominates the type segment of the global fiber optics market owing to the high demand of this type in the market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fiber Optics Market Scope and Segmentation

Market Definition

An optical fiber refers to a transparent and flexible fiber that is made by drawing glass or plastic and is utilized for transmitting light. This type of cable has numerous usages in fiber-optic communications, where they enable transmission over longer distances and at higher bandwidths than wire cables. In recent years, a rise in need for high-speed data is being witnessed due to the increased application of video services, online gaming and TV-on-demand. Fiber optic connector in telecom is being deployed among consumers for better performance output, and shift toward smaller, multi-fiber and more efficient connections.

Global Fiber Optics Market Dynamics

Drivers

• The Rise in the Adoption of Fiber Optic Technology Across the Globe

The rise in the adoption of fiber optic technology across the globe is one of the major factors driving the growth of global fiber optics market. The increase in the preference toward high bandwidth communication and expansion of healthcare sector have a positive impact on the market.

• The Rise in the Government Funding for Telecommunication Infrastructure Development

The rise in the government funding for telecommunication infrastructure development accelerate the market growth. Government is investing in research for upgrading and enlarging the solicitation frontiers. Also, rise in awareness of the benefits of technology further drives the market growth.

• The High Usage of Fiber Optic Technology in Military and Aerospace

The high usage of fiber optic technology in military and aerospace, and railway application due to the increasing adoption of Plastic Optical Fiber (POF) further influence the market. The optical connector technology is used in military for a wide variety of sea, space, ground and air solicitations, such as ground support systems and avionics testing equipment modules in fighter planes. Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the global fiber optics market.

Opportunities

• The Increase in Demand for Wireless Technology

As more people embrace a more flexible lifestyle, including working from home, wireless technology becomes that much more critical. Tech-savvy employees can share information instantly, allowing productivity levels to stay up, regardless of if workers are in the same office or not. All they need in an internet connection. Wireless technology has steadily become a bigger presence in most people’s everyday lives. Whether it’s at work, home, a stadium or even in cars, people rely on wireless tech for information, entertainment to communicate and more.

• The Rise in Trend of Global Digitalization

The increasing adoption of the digital technologies such as AI, IoT, cloud computing, data analytics, and social media across various industry verticals such as pharmaceutical, healthcare, education, automotive, and BFSI has significantly contributed towards the growth of the global fiber optics market.

Restraints/Challenges

• Rising Competition

The global fiber optics market is highly competitive, with numerous companies offering a wide range of products. This can make it challenging for new entrants or smaller companies to gain market share and establish a strong presence.

• High Cost Associated with Implementation

The cost of fiber optics systems is very high in the market. Automotive systems and payers face cost pressures, and there is a growing demand for cost-effective solutions. Manufacturers need to balance the development of innovative implants with affordability to meet market demands.

This global fiber optics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global fiber optics market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Black Box had launched a new family of networking active optical cables as a part of offering optimizing data center in June’2020. The company also launched edge network applications. These cables assist in addressing the rise in demand for big data storage, cloud services and media streaming with offering support for SFP+, QSFP+, SFP and QSFP

Global Fiber Optics Market Scope

The global fiber optics market is segmented on the basis of type, cable type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Glass
• Plastic

Cable Type

• Single-Mode
• Multi-Mode

Application

• Communication
• Non-Communication

Global Fiber Optics Market Regional Analysis/Insights

The global fiber optics market is analysed and market size insights and trends are provided by country, type, cable type and application as referenced above.

The countries covered in the global fiber optics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the global fiber optics market because of the strong base of automotive facilities, strong presence of major players in the market.

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, large population pool.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fiber Optics Market Share Analysis

The global fiber optics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global fiber optics market.

Some of the major players operating in the global fiber optics market are:

• TE Connectivity (Switzerland)
• Corning Incorporated (U.S.)
• Molex (U.S.)
• Amphenol Corporation (U.S.)
• Infinite Electronics International, Inc. (U.S.)
• Hitachi Information & Telecommunication Engineering, Ltd (Japan)
• Radiall (France)
• Delaire USA (U.S.)
• Belden Inc. (U.S.)
• Panduit (U.S.)
• HIROSE ELECTRIC CO., LTD. (Japan)
• Ratioplast-Electronics (Germany)
• RS COMPONENTS PTE LTD (U.K.)
• 3M (U.S.)
• Nexans (France)
• LEONI AG (Germany)
• Glenair, Inc. (U.S.)
• Extron (U.S.)
• CommScope (U.S.)

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