Global Single Mode Fiber Market Share Is Expected To Grow At A CAGR Of 10.27% By 2028

27-Sep-2022 | Facts and Factors

According to Facts and Factors, the global single mode fiber market size was worth around USD 4467.1 million in 2021 and is predicted to grow to around USD 9786.38 million by 2028 with a compound annual growth rate (CAGR) of roughly 10.27% between 2022 and 2028.

Single model fiber also known as mono mode or fundamental mode is a form of optical fiber and is used to transport a solo mode of light, where mode refers to the electromagnetic radiation describing the field pattern in which the waves propagate. Mono mode fibers are capable of displaying molar dispersion, like multi-mode fibers, but with narrow forms. This aids the fiber in retaining light pulse fidelity when traveling long distances, unlike its counterpart. They also have a high bandwidth as compared to multi-mode fibers. Equipment that uses single mode fiber is expensive, but if the fiber is bought as a standalone object, it is less expensive than multimode fiber. The most basic difference between the two forms is the core of fiber along with the loss of associated input. A fundamental mode fiber has a diameter ranging from 8 micrometers to 10.5 micrometers with a cladding diameter of 124 micrometers. Depending on the necessity and requirement, single mode fibers can be customized or modified physically as well as chemically to allow specific properties. Examples of such fibers include non-zero dispersion-shifted fiber and dispersion-shifted fiber.

Browse the full “Single Mode Fiber Market Size, Share, Growth Analysis Report By Cable Type (Plastic Optical Fiber Cables, Multicomponent Glass Fiber Cables, Quartz Optical Fiber Cables, and Others), By Application Type (Factory Automation & Industrial Networking, Telecommunication & Networking, Military, Data Centers, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/single-mode-fiber-market

Covid-19 resulted in the slower market growth in 2020. This was majorly attributed to the sudden lockdown impositions as well as travel restrictions hampering the export and import of commercial commodities. However, in the long run, the global market size may benefit from the increased dependency on the internet and telecommunication to function in the current digital world.

The global single mode fiber market is projected to grow owing to the increasing investment in the telecommunication & networking sector across the globe. Advanced telecommunication infrastructure is one of the key components of a developed economy since it not only connects people but it plays a significant role in attracting foreign investments to other industrial sectors as well. The development of telecom architecture has always been of utmost importance for all governments. This is one of the major reasons why country heads and associated departments are known to spend billions on upgrading their networking and telecom sector with the help of encouraging domestic players as well as drafting policies that can attract foreign investors and international brands. The current global trend of the 5G network is expected to become a major contributor to global market growth. In some developed economies like the United States and China, 5G technology has taken the lead and the rest of the regions are showing signs of following the leading nations.

The high cost of mono-mode fiber devices may restrict the global market expansion while the introduction of the 5G network in developing economies may act as an excellent growth opportunity. Although the increase in time and effort to manufacture mono mode fibers is expected to challenge the global market growth.

The global single mode fiber market is segmented based on application, cable type, connector type, and region.

Based on application type, the global market divisions are factory automation & industrial networking, telecommunication & networking, military, data centers, and others. The largest market share is dominated by applications in the telecommunication & networking industry owing to the growing demand for high-resolution images and high bandwidth, which is further driven by the increasing investment in the telecommunications sector to reach the remotest areas and provide consumers with a constant flow of information. In the recently proposed investment of USD 2,3 trillion over the next 8 years by the American government, USD 100 billion is assigned to provide citizens with high-speed broadband at an affordable cost.

Based on cable type, the global market segments are plastic optical fiber cables, multicomponent glass fiber cables, quartz optical fiber cables, and others. The global market is dominated by quartz optical fibers since they are most effective for long-distance communication with low attenuation. These products showcase an exceptional strength-to-weight property with a dielectric constant of 3,74 and a dissipation factor amounting to 0,0002 at 10 gigahertz.

North America is projected to generate the highest revenue in the global single mode fiber market owing to the increasing efforts to enhance the telecom infrastructure in the educational sector. With the growing investments across colleges and educational institutes to provide students with unlimited access to information, as a part of college infrastructure, the demand for single mode fibers in countries like the United States and Canada is expected to grow tremendously. The regional revenue may also be driven by the increasing developments in the networking sector which is dominated by the US since it is home to some of the biggest telecommunication companies in the world. For instance, Verizon, an American network giant amassed a revenue of USD 133.62 billion in 2021.

Report Scope

The global single mode fiber market is led by players like CORNING Incorporated, FURUKAWA ELECTRIC CO. LTD., FibreHome, and Stl. Tech, Sumitomo Corporation, and others.

Recent Developments:

• In May 2022, the Indian government announced its plans to invest in an 18,000-kilometer fiber network across national highways in the country.
• In June 2021, BT, a UK-based telecom company began its trial for the development of a revolutionary optical fiber.

The global single mode fiber market is segmented as follows:

By Cable Type

• Plastic Optical Fiber Cables
• Multicomponent Glass Fiber Cables
• Quartz Optical Fiber Cables
• Others

By Application Type

• Factory Automation & Industrial Networking
• Telecommunication & Networking
• Military
• Data Centers
• Others

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

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