The Worldwide Fiber Optics Industry is Expected to Reach $8.2 Billion by 2027

Oct 26, 2023

Global Fiber Optics Market

Dublin, Sept. 06, 2022 (GLOBE NEWSWIRE) -- The "Fiber Optics Market 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" report has been added to ResearchAndMarkets.com's offering.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.The growth of this market is driven by factors such as growing internet penetration and data traffic, rising number of data center facilities worldwide, and mounting demand for high bandwidth.Market for single-mode segment to grow at the high CAGR during the forecast period.The single-mode segment is expected to witness high growth during the forecast period. The market growth is attributed increasing demand for single-mode fiber optic cables from telecom service providers across the globe. The single-mode fiber optic cables are majorly used by telecom companies for long-distance and high-bandwidth requirements. The rising demand has led market players to focus on new product development and launches.

For instance, in February 2021, Yangtze Optical Fibre and Cable Joint Stock Limited Company (China) launched 'X-band', a new optical fiber brand that will focus on manufacturing ultra-reduced diameter bending insensitive, single-mode fibers. Such active brand and product launches will propel the market growth over the forecast period.Aerial deployment segment will grow at a high CAGR during the forecast period.The aerial deployment segment will witness a high growth during the forecast period. Aerial deployment offers several advantages such as cost efficiency, easy repairs and maintenance, and faster deployment compared to other mediums. Aerial deployment is well suited for areas with flat terrain and small undulations. The rising penetration of over-the-top (OTT) media services is expected to increase the aerial deployment of fiber optics.

According to the India Brand Equity Foundation (IBEF), the number of paid subscribers for OTT services in India stood at 22.2 million in March 2020, which increased by 30% to 29.0 million in July 2020. The growing multimedia consumption increases the demand for fixed broadband connections, further fueling the aerial fiber optics deployment.Asia Pacific will be the fastest growing region in the fiber optics market during the forecast periodAsia Pacific is expected to be the fastest growing region in the fiber optics market during the forecast period. Market growth is driven by extensive penetration of Fiber to the Home (FTTH) networks across Asia Pacific economies such as China, India, and Japan.

According to the China Internet Network Information Center (CNNIC) August 2021 report, as of June 2021, the number of FTTH connections reached 918 million, a net increase of 37.9 million over December 2020. The total length of fiber optic cable lines has steadily increased. As of June 2021, the length of fiber optic cable lines in China totaled 53.52 million kilometers, a net increase of 1.83 million kilometers from December 2020. The growing FTTH installation will fuel the adoption of fiber optics in the Asia Pacific region over the forecast timeline. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary

4 Premium Insights4.1 Fiber Optics Market Overview4.2 Fiber Optics Market, by Fiber Type4.3 Fiber Optics Market, by Cable Type4.4 Fiber Optics Market, by Deployment4.5 Fiber Optics Market, by Application and Region4.6 Fiber Optics Market for Communication Applications4.7 Fiber Optics Market, by Country

5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Growing Internet Penetration and Data Traffic5.2.1.2 Rising Number of Data Center Facilities Worldwide5.2.1.3 Mounting Demand for High Bandwidth5.2.2 Restraints5.2.2.1 Rising Preference for Wireless Communication Systems Over Wired Systems5.2.3 Opportunities5.2.3.1 Surging Deployment of 5G Communication Networks5.2.3.2 Rising Demand for Fiber Optics Due to Their High Performance and Reliability5.2.3.3 Increasing Penetration of Fiber to the X (Fttx)5.2.4 Challenges5.2.4.1 Challenges in Installing Fiber Optic Networks in Hard-To-Reach Terrains and High Cost of Installation5.3 Technology Analysis5.3.1 Plastic Optical Fibers (Pofs)5.3.2 Glass Optical Fibers5.3.3 Nanf Hollow-Core Fibber5.4 Value Chain Analysis5.5 Ecosystem5.6 Trends and Disruptions Impacting Customers5.7 Porter's Five Forces Analysis5.8 Asp Analysis5.8.1 Asp Analysis of Fiber Optic Products Offered by Market Players for Top 3 Applications5.9 Case Study Analysis5.9.1 Use Case 1: Alma Telecom Upgraded Its Network Using Fttp Solution Offered by Corning Incorporated5.9.2 Use Case 2: Cnt Built Ftth Network with Cable Solutions Offered by Fiberhome Telecommunication Technologies5.9.3 Use Case 3: Baldwin City Achieved High-Speed Broadband Connectivity Using Corning's Flexnap System5.9.4 Use Case 4: Commscope Helped E-Fiber Commercialize Fttx Networks in the Netherlands5.9.5 Use Case 5: Sterlite Technologies Designed Smart City Ecosystem in Kakinada, India Using Fiber Optic Solutions5.10 Trade Analysis5.11 Patent Analysis5.12 Key Conferences & Events to be Held During 2022-20235.13 Tariff Analysis5.14 Standards & Regulatory Landscape5.15 Key Stakeholders and Buying Criteria5.15.1 Key Stakeholders in Buying Process5.15.2 Buying Criteria

6 Fiber Optics Market, by Fiber Type6.1 Introduction6.2 Glass6.2.1 Glass Fiber Optics Deliver High Performance in Extreme Conditions6.3 Plastic6.3.1 Plastic Fiber Optics Suitable for Industrial and Automotive Lighting Applications

7 Fiber Optics Market, by Cable Type7.1 Introduction7.2 Single-Mode7.2.1 Telcos Use Single-Mode Fiber Optic Cables to Meet Long-Distance and High-Bandwidth Requirements7.3 Multi-Mode7.3.1 Growing Demand for Unlimited Bandwidth Capacity Boosts Multi-Mode Fiber Requirement

8 Fiber Optics Market, by Deployment8.1 Introduction8.2 Underground8.2.1 Rapid Development of Telecom Infrastructure to Fuel Underground Optic Fiber Deployment8.3 Underwater8.3.1 Increasing Installation of Submarine Optical Fiber Cables to Propel Market Growth8.4 Aerial8.4.1 Rising Penetration of Over-The-Top (Ott) Media Services to Increase Aerial Deployment of Fiber Optics

9 Fiber Optics Market, by Application9.1 Introduction9.2 Communication9.2.1 Telecom9.2.1.1 Cost Efficiency, Higher Bandwidth, and Higher Speed Than Copper to Drive Demand for Fiber Optics9.2.2 Premises9.2.2.1 Expansion of Lan and Datacenters to Drive Fiber Optics Market9.2.3 Utility9.2.3.1 Growth of Power Industry to Drive Fiber Optics Market for Utility Applications9.2.4 Cable Antenna Television (Catv)9.2.4.1 Shifting Consumer Preference Toward High-Definition (Hd) Content to Drive Market Growth9.2.5 Industrial9.2.5.1 Proliferation of Smart Factories Across Developed Economies to Fuel Demand for Fiber Optics for Industrial Applications9.2.6 Military9.2.6.1 Increase in Military Budget Worldwide to Create Opportunities for Market Growth9.2.7 Others9.3 Non-Communication9.3.1 Sensors9.3.1.1 Use of Fiber Optics in Distributed Sensing Applications to Support Market Growth9.3.2 Fiber Optic Lighting9.3.2.1 Growing Demand for Fiber Optics Lighting from Museum Displays, Pools, and Star Field Ceilings to Underpin Market Growth

10 Fiber Optics Market, by Region

11 Competitive Landscape11.1 Overview11.1.1 Overview of Key Growth Strategies Adopted by Market Players11.2 Revenue Analysis11.3 Market Share Analysis (2021)11.4 Company Evaluation Quadrant11.4.1 Stars11.4.2 Emerging Leaders11.4.3 Pervasive Players11.4.4 Participants11.5 Startup/SME Evaluation Matrix11.5.1 Progressive Companies11.5.2 Responsive Companies11.5.3 Dynamic Companies11.5.4 Starting Blocks11.6 Competitive Benchmarking11.7 Fiber Optics Market: Company Footprint11.8 Competitive Scenario and Trends11.8.1 Product Launches11.8.2 Deals11.8.3 Others

12 Company Profiles12.1 Key Players12.1.1 Corning Incorporated12.1.2 Prysmian Group12.1.3 Sumitomo Electric Industries, Ltd.12.1.4 Yangtze Optical Fibre and Cable Joint Stock Limited Company12.1.5 Fujikura Ltd.12.1.6 Hengtong Group Co. Ltd.12.1.7 Furukawa Electric Co. Ltd.12.1.8 Leoni12.1.9 Ls Cable & System Ltd.12.1.10 Hitachi Cable America, Inc.12.1.11 Coherent Inc.12.1.12 Ii-Vi Incorporated12.1.13 Optical Cable Corporation12.1.14 Finolex Cables Ltd.12.1.15 Commscope Holding Company, Inc.12.2 Other Key Players12.2.1 Sterlite Technologies Ltd12.2.2 Ztt12.2.3 Fiberhome Telecommunication Technologies Co. Ltd.12.2.4 Aksh Optifibre12.2.5 Art Photonics Gmbh12.2.6 Rpg Cables (A Division of Kec International Limited)12.2.7 Nestor Cables12.2.8 Orbis Oy12.2.9 Birla Cable Ltd.12.2.10 Belden Inc.

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/ild5kl

Attachment

Global Fiber Optics Market