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Single Mode Fiber Market Size, Share Global Analysis Report, 2022 – 2028
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
Industry Insights
[232+ Pages Report] According to the report published by Facts 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. The report analyzes the global single mode fiber market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the single mode fiber market.
Market Overview
A single mode fiber is an extremely critical and common part of the optical fiber segment and is used to transmit light across long distances. The other form of optical fiber is the multi-mode fiber, while a single glass fiber strand has applications while transmitting a singular ray or mode of light. As the name suggests, single mode fiber consists of a sole mode of transmission, and in contrast to its counterpart, it is capable of carrying higher bandwidths, the only constraint is that the light source should be spectral width that is narrow. In other terms, single mode fiber is also termed mono-mode fiber or uni-mode fiber. They are highly preferred since mono-mode fiber can transmit light at a faster rate, and at a distance that is almost 50 times longer as compared to the distance covered by multimode fiber.
Key Insights
- As per the analysis shared by our research analyst, the global single mode fiber market is estimated to grow annually at a CAGR of around 10.27% over the forecast period (2022-2028).
- In terms of revenue, the global single mode fiber market size was valued at around USD 4467.1 million in 2021 and is projected to reach USD 9786.38 million, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on cable type segmentation, quartz optical fibers were predicted to show maximum market share in the year 2021
- Based on application type segmentation, telecommunication & networking was the leading application in 2021.
- On the basis of region, North America was the leading revenue generator in 2021
Covid-19 Impact
The pandemic resulted in losses across economies and industrial sectors, however, the telecommunications, networking, and associated industries were not as severely impacted as the rest. In 2020, analysts predicted a drop of around 2% in the demand for optical fiber in 2020, although since the pandemic pushed digitization to grow more aggressively, the demand for optical fibers is predicted to grow by 24% between 2021 and 2025, as per an article by NBG.
Growth Drivers
- Increasing technological growth to propel market demand
The global single mode fiber market is projected to grow owing to the rinsing technological applications of the product in high-revenue industries like telecommunication & networking. Since mono-mode fibers offer better transmission rates along longer distances, they are highly preferred in the networking industry owing to excellent properties of the fiber. For instance, the core of single mode fiber is around 9 µm (micrometer), which is small as compared to the 50 µm or 62.5 µm core of the multi-mode fiber, when coupled with a single light wave, it results in the eradication of any distortion as a result of light pulses that overlap. It also offers minimal loss of signal, also referred to as attenuation. These factors have led to the mono mode fibers becoming extremely popular to provide amongst colleges, universities, telecom companies, or community access television (CATV).
Restraints
- High cost of mono mode fiber to restrict market expansion
Although multi mode fiber is more costly than single mode fiber, since they can carry multiple light modes, when referencing devices, single mode fiber systems are more expensive as mono mode fibers use laser diodes in a solid state. This leads to an increase in the overall cost of using the fibers for telecommunication & networking purposes, and in a way will restrict global market size growth during the coming years
Opportunities
- Introduction of the 5G network may act as an excellent growth opportunit
With technological advancements, the world requires a faster and uninterrupted supply of information which is propelling the demand for better networks that can match the expectations of the growing digital world. The emergence of 5G networks along with exhaustive measures undertaken by network providers to enhance the reach of the most advanced form of networking is projected to create more growth opportunities. In 2021, the 5G network market was valued at USD 48.3 billion and it may grow at a CAGR of over 50% in the next few years.
Challenges
- Increase in time and effort to manufacture mono mode fibers to challenge market growth
The global single mode fiber market growth trend is anticipated to face challenges owing to the extra effort and time required to manufacture single mode fiber. This is due to the small core diameter of the optical fiber requiring more accuracy in the production process as well as very less room for error since the product is extremely expensive to produce.
Segmentation Analysis
The global single mode fiber market is segmented based on cable type, application, connector type, and region.
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.
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 affordable cost.
Recent Developments:
- In May 2022, the government of India initiated an anti-dumping probe against South Korea, China, and Indonesia following a complaint by an anonymous domestic player. The alleged dumping termed Dispersion Unshifted Single-Mode Optical Fiber is being investigated by the Directorate General of Trade Remedies (DGTR)
- In April 2021, Corning announced its intention to build an optical manufacturing unit in Poland, to help meet the ever-growing demand for optical fibers. The facility is being hailed as the largest optical manufacturing unit in Europe once it opens for operations
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 4467.1 Million |
Projected Market Size in 2028 |
USD 9786.38 Million |
CAGR Growth Rate |
10.27% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
CORNING Incorporated, FURUKAWA ELECTRIC CO. LTD., FibreHome, Stl. Tech, Sumitomo Corporation, and others. |
Key Segment |
By Cable Type, Application Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Regional Analysis
- North America to lead with the highest market share
North America is projected to generate the highest revenue in the global single mode fiber market owing to the extremely advanced telecommunication and networking infrastructure of the United States. The government of the country spends huge amounts for innovation, research & development purposes in the networking industry to keep hold of its status as the world leader. The recent announcement by the US government of USD 100 billion over the next 8 years dedicated specially for upgrading the telecommunication section, is one such example. Asia-Pacific is projected to grow at a high CAGR with maximum revenues from China, India, Japan, and Singapore. The current aggressive initiatives undertaken by the Chinese government to become the leading economy resulting in increased investments across sectors may propel the demand for single mode fiber owing to the demand for advanced technologies. For instance, as per official reports, Chinese network operations plan to invest in increasing 5G base stations to a count of 2 million by year-end.
Competitive Analysis
- CORNING Incorporated
- FURUKAWA ELECTRIC CO. LTD.
- FibreHome
- Stl. Tech
- Sumitomo Corporation.
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 Regional Segment Analysis
- 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
Table of Content
Industry Major Market Players
- CORNING Incorporated
- FURUKAWA ELECTRIC CO. LTD.
- FibreHome
- Stl. Tech
- Sumitomo Corporation
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