Fiber Optics Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[210+ Pages Report] According to Facts and Factors, the global fiber optics market size was valued at USD 4,528.5 million in 2021 and is predicted to increase at a CAGR of 9.5% to USD 7,896 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

Market Overview

A fiber optic is a flexible, transparent fiber made of extruded glass (silica) or plastic that acts as a waveguide or "light pipe" to carry light between two ends of the fiber. It's a cylinder-shaped dielectric waveguide that transports light down its axis using total internal reflection. The light travels via total internal reflection through a transparent core surrounded by a transparent cladding material with a lower index of refraction. The fiber acts as a waveguide as a result of this phenomenon. The demand for internet around the world, combined with the growing requirement for FTTx, is propelling the fiber optics industry forward. Growing wireless communication systems, on the other hand, are limiting market expansion.

IoT refers to the Internet-based interconnection of computing devices such as printers and video projectors, allowing them to send and receive data. It comprises a network of linked devices with sensors that use smart apps to control, direct, and gather data. Door locks, thermostats, wall electrical plugs, light switches and bulbs, intercoms, security cameras, and integrated control systems are all examples of IoT. These applications will necessitate high-speed Internet access, which will fuel the fiber optics market since these fibers serve as the optical medium for data transfer in Internet-enabled applications. The introduction of wireless technology to exploit the internet is the most basic difficulty facing fiber-optic cable makers. Wireless technology has improved in terms of speed and features as a result of technological advancements. Wireless local area network (WLAN) has become the most preferred method of accessing the Internet in both the household and commercial sectors, indicating a huge market shift towards wireless technology.

Impact of COVID-19

Since the advent of the COVID-19 virus in December 2020, global effects of the coronavirus disease (COVID-19) have already begun to be felt, and the 5G Fiber Optic Cable industry will be considerably impacted. COVID-19 has three primary effects on the global economy: it directly affects production and demand, disrupts supply chains and markets, and has a financial impact on enterprises and financial markets. Wuhan, home of Fiberhome, YOFC, and Accelink, among other enterprises, has the highest concentration of fiber optics supply chain companies, accounting for 25% of global optical fiber production capacity. Demand is normally low during the early stages of a COVID-19 pandemic, but production continues at a reduced rate.

The complete research study looks at both the qualitative and quantitative aspects of the fiber optics market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.

Segmentation Analysis

The global fiber optics market is segregated based on Fiber Type, Cable Type, and Application.

Communication (telecom, premises, utility, CATV, military, and industrial) and non-communication fiber optics markets have been established (sensors and fiber optic lighting). The worldwide fiber optic market's communication segment is predicted to be the largest. The growing number of internet users is a primary factor driving the growth of the fiber optics market in the communication category.

The global market is divided into glass and plastic fiber types. Glass is the most popular fiber type in fiber optics due to rising demand from a range of applications. The market for glass fiber optics is fueled by its high performance and simplicity of availability.

Report Scope

Regional Landscape

The APAC fiber optics market is estimated to be the largest over the forecast period. The fast industrialization and infrastructural development in the region have created a plethora of opportunities for fiber optics to be used in a range of applications. The main fiber optics markets in APAC are China, Japan, India, Australia, and South Korea. China is the world's largest manufacturing powerhouse and one of the world's most populous countries when it comes to internet use. Furthermore, because China is the world's most populous country, demand for applications such as communication, premises, utility, CATV, and industry has increased. Furthermore, as a result of increased industrial activity in the region, nations like India and South Korea are witnessing robust growth rates.

Competitive Landscape

The report contains qualitative and quantitative research on the global fiber optics market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness.

List of Key Players in the Global Fiber Optics Market:

• Corning Incorporated (US)
• Prysmian Group (Italy)
• Finisar (US)
• AFL Global (US)
• Sumitomo Electric Industries, Ltd (Japan)
• LS Cable & System (South Korea)
• Leoni AG (Germany)
• Furukawa Electric Co. Ltd. (Japan)
• General Cable Corporation (US)
• Sterlite Technologies Limited (India)
• Optical Cable Corporation (US)

The Global Fiber Optics Market is segmented as follows:

By Fiber Type

• Glass
• Plastic

By Cable Type

• Single-mode
• Multi-mode

By Application

• Communication
• Non-communication

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America