According to a research report "Fiber Optics Industry by Fiber Type (Glass, Plastic), Cable Type (Single-mode, Multi-mode), Deployment (Underground, Underwater, Aerial), Application, and Region (North America, Europe, APAC, Rest of the World) - Global Forecast to 2027" published by MarketsandMarkets, the fiber optics market is projected to grow from USD 4.9 billion in 2022 and is projected to reach USD 8.2 billion by 2027; it is expected to grow at a CAGR of 10.9% from 2022 to 2027.
Browse 210 market data Tables and 79 Figures spread through 255 Pages and in-depth TOC on "Fiber Optics Industry by Fiber Type (Glass, Plastic), Cable Type (Single-mode, Multi-mode), Deployment (Underground, Underwater, Aerial), Application, and Region (North America, Europe, APAC, Rest of the World) - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fiber-optics-market-238443438.html
The growth of this market is driven by factors such as growing internet penetration and data traffic, rising deployment of datacenter facilities worldwide, and increasing demand for high bandwidth.
“Glass segment is expected to grow at the high CAGR from 2022 to 2027 ”
Glass segment is expected to grow at high rates over the forecast period. Glass optical fibers work efficiently in both low and high temperatures, ranging from −40°F up to 900°F. As glass cores transmit light more efficiently and allow significantly higher transfer speeds, glass optical fibers can be used over long sensing distances. These optical fibers can achieve narrow core-diameter, i.e., around 8–10 ěm for single-mode fiber and about 50–100 ěm for multi-mode fiber. These high-end physical properties by glass optical fibers will increase their adoption across various end-use application market including telecom, Local Area Networks (LANs) and data centers.
“Single-mode segment in fiber optics market is expected to be the fastest growing segment during the forecast period ”
Single-mode is expected to be the fastest growing segment in fiber optics market during the forecast period. Single-mode fiber optic cables have small diameter cores, about 9 µm, which allows only one mode of light to propagate. This decreases the number of light reflections created as the light passes through the core, thus lowering attenuation and enabling the signal to travel further. Single-mode fibers usually carry light in the wavelength range between 1,310 nm and 1,550 nm. In a single-mode fiber, the core to cladding diameter ratio is 9:125 ěm. Single-mode fibers have high demand from telecom and data center operators. Market players are proactively focusing on providing advanced communication solutions using single-mode optical fibers. For instance, in April 2020, Prysmian Group (Italy) launched the industry’s first commercially available 180 µm single-mode bend-insensitive fiber cable. The new cable is suitable for applications in Fiber to the x (FTTx) and 5G networks.
“Industrial application segment is expected to grow at fastest CAGR during the forecast period”
The market for industrial application segment is expected to grow at a fastest CAGR from 2022 to 2027. Industrial networks use fiber optics for their robustness against noise and electromagnetic interference. Mechanical operations in industrial plants create a lot of electrical noises, which cause major problems in communication systems. Installation or implementation of fiber optics helps minimize hindrances caused by mechanical operations in an industry. The proliferation of smart factories across developed economies such as South Korea, China, and the US is fueling the fiber optics market growth in industrial applications over the forecast period.
“Asia Pacific likely to emerge as the largest fiber optics market over the forecast period”
Asia Pacific is expected to account for the high market share of the fiber optics market during the forecast period. The emergence of advanced technologies such as AI, IoT, and Big Data has paved the way for the implementation of large-scale data centers across the region. Global giants such as Alibaba (China), Facebook (US), Amazon (US), Microsoft (US), Google (US), and Baidu (China) have already established their data centers in the region and are planning to expand their dominance in other regions. In Asia Pacific, the market is currently driven by Chinese and Indian consumers because of their increasing adoption rate of high-speed broadband services and mobile devices. The increasing deployment of newer data centers in the region will fuel the fiber optics market growth over the forecast period.
Key players in the fiber optics market include Corning Incorporated (US), Prysmian Group (Italy), Sumitomo Electric Industries, Ltd. (Japan), Yangtze Optical Fibre and Cable Joint Stock Limited Company (China) and Fujikura Ltd. (Japan).
Apart from these, LEONI (Germany), LS Cable & System Ltd. (South Korea), Hengtong Group Co., Ltd. (China), Furukawa Electric Co. Ltd. (Japan), Optical Cable Corporation (US), are among a few emerging companies in the fiber optics market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE