Global Fiber Optics Market Share Is Likely To Reach At A CAGR Value Of Around 9.5% By 2028

22-Jul-2022 | Facts and Factors

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.

A fiber optic is a flexible, transparent fiber composed of extruded glass (silica) or plastic that can carry light between two ends of the fiber by acting as a waveguide or "light pipe." It's a cylinder-shaped dielectric waveguide that uses total internal reflection to transport light down its axis. The demand for internet around the world, combined with the growing requirement for FTTx, is propelling the fiber optics industry forward. Because optical fiber cable is the primary medium for data transfer from one point to another, telecommunication is the largest end-use industry for fiber optics. Because of the growing use of mobile devices and the associated bandwidth connectivity, the industry is fast expanding. The telecommunications business is being driven by positive market trends in broadband services and big data management. With the expansion of device usage and connectivity, the number of linked devices continues to grow.

Browse the full “Fiber Optics Market Size, Share, Growth Analysis Report By Fiber Type (Glass, Plastic), By Cable Type (Single-mode, Multi-mode ), By Application (Communication, Non-communication), 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/fiber-optics-market

The industry is being driven by widespread acceptance of 5G, increased deployment of fiber to the home (FTTH) connection, and the rise of the internet of things (IoT). During the projected period, however, the global optical fiber market is expected to be hampered by high installation costs and a rise in wireless communication technologies. Furthermore, the market is likely to benefit from technological developments in fiber optic cable technology and an increase in investments in optical fiber cable (OFC) network infrastructure. 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.

Segmental Overview

The fiber optics market has been divided into communication (telecom, premises, utility, CATV, military, and industrial) and non-communication (sensors and fiber optic lighting). The communication segment of the global fiber optic market is expected to be the largest. A major element driving the growth of the fiber optics market in the communication segment is the growing number of internet users.

By Fiber type, the global market is segregated into glass and plastic. Due to growing demand from a variety of applications, glass is the most common fiber type in fiber optics. The glass fiber optics market is being driven by its excellent performance and ease of availability.

Regional Overview

During the projection period, the APAC fiber optics market is expected to be the largest. The region's rapid industrialization and infrastructure development have opened up a plethora of prospects for the use of fiber optics in a variety of applications. China, Japan, India, Australia, and South Korea are the largest fiber optics markets in APAC. China is the world's largest manufacturing hub and one of the most populous countries in terms of internet usage. Furthermore, China is the world's most populous country, resulting in an increase in applications such as communication, premises, utility, CATV, and industrial. Furthermore, countries such as India and South Korea are experiencing strong growth rates as a result of increased industrial activity in the region.

Report Scope

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. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

Some of the major companies operating in the global fiber optics market are 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), and others.

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

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