Global Fiber Optics Market was valued at US$ 3.56 Bn in 2019 and is expected to reach US$ 7.98 Bn by 2027, at a CAGR of 10.62% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Fiber Optics Market Dynamics:
The growing importance of cloud computing, data transfer & storage, and IoT is driving the use of the Internet, which is driving the global fiber optics market, as it acts as the backbone for data transmission. The request for the Internet is also driven by several other factors like an increase in the number of connected devices in homes, an increase in the request for Over-The-Top (OTT) video content, and increasing Internet access. All these factors have led to a growth in Internet users, which in turn has led to the higher usage of optical fiber cable to transfer information over the Internet, thus driving the global fiber optics market.
Fiber optics is the technology used to transmit information from one source to another. Information is transmitted either through glass or plastics optical fibers of different diameters. The superior properties of fiber optics, like higher bandwidth, higher speed, and a lesser degree of attenuation than copper cable, make it a ideal material for use in various applications. Fiber optics is used in various communications and non-communications applications like telecom, premises, and sensors.
Major factors restraining the development of the global fiber optics market are the high initial costs for deployment. Also, fiber optics are more fragile than metal wires and are difficult to connect. The development of wireless communication technology is another factor expected to hamper the development of the overall fiber optics market.
Global Fiber Optics Market Segment Analysis:
On the basis of the Cable Type segment, the global fiber optics market for the single cable type is estimated to grow at high growth. The next generation of high bandwidth requiring applications, along with the proliferation of connected devices, is estimated to require faster and higher bandwidth networks which will require the use of multi-mode cable for data transfer. Global fiber optics market this development in the FTTX networks will in turn is estimated to drive its market.
Based on the Optical Fiber Type, glass optical fiber is estimated to contribute the largest share during the forecast period. Advantages like greater bandwidth immunity to interference from vibrations & electricity and the lightweight are estimated to drive its market in applications like telecom and CATV which require mechanical protection against stress.
Global Fiber Optics Market Regional Insights:
In terms of region, the Middle Eastern & African region is expected to contribute the largest market share during the forecast period. The factors contributing to the market development in the Middle East & Africa are the rise in requests for the Internet from emerging countries, increased industrialization, and the increasing telecom industry. The global fiber optics market in Europe and North America is consolidated, whereas the market in the Asia-Pacific has a fragmented structure, where China, Japan, India, and Australia have high potential in the global fiber optics market.
The objective of the report is to present a comprehensive assessment of the market and contain insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global Fiber Optics Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by Cable Type, price, financial position, Cable Type portfolio, growth strategies, and regional presence.
Global Fiber Optics Market, Key Highlights:
• Global Fiber Optics Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Fiber Optics Market
• Global Fiber Optics Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Fiber Optics Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Fiber Optics Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Fiber Optics Market are also profiled.
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Scope of the Global Fiber Optics Market Report: Inquire before buying
Global Fiber Optics Market, By Cable Type
• Single Mode
Global Fiber Optics Market, By Optical Fiber Type
Global Fiber Optics Market, By Application
Global Fiber Optics Market, By Region
• North America
• South America
• Middle East & Africa
Key Players Operating in the Global Fiber Optics Market:
• Corning Inc.
• Prysmian Group
• AFL Global
• Sumitomo Electronics Industries (SEI)
• Ls Cable & System
• Leoni AG
• Furukawa Electric
• General Cable Corporation
• Optical Cable Corporation (OCC),
• Sterlite Technologies Limited,
• OFS Fitel, LLC,
• Yangtze Optical Fiber and Cable Co., Ltd. (
• Hewlett Packard Enterprise Development LP
• WhiteHat Security,
•Trustwave Holdings, Inc.
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