Fiber Optics Market Has CAGR of 9.9% and is Expanding Quickly with Major Growth Trends and Opportunities

PRESS RELEASE

Published March 23, 2023

The technique that sends information as light pulses via a glass or plastic fiber is known as fiber optics, often known as optical fiber. These glass fibers can range in quantity from a few to several hundred in a fiber optic cable. The glass fiber core is encircled by yet another glass layer known as cladding.

The global fiber optics market size reached USD 4.54 Billion in 2020 and is expected to register a revenue CAGR of 9.9%, during the forecast period, according to latest analysis by Emergen Research. Increasing demand for Fiber to the x (FTTx), as well as increased need for fiber optics in smart city infrastructure are among some major factors driving global fiber optics market revenue growth. In addition, increasing 5G deployment is expected to boost revenue growth of the market in the near future. Interconnected technologies play a significant role in smart city environments for transmitting, collecting, and converting data into useful information to build and improve infrastructural facilities.

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Some major companies in the market include:

Finisar Corporation, Corning Incorporated, Prysmian S.p.A., General Cable Corporation, Optical Cable Corporation, Sterlite Technologies Limited, Leoni AG, Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., and America Fujikura Ltd.

Some Key Highlights from the Report

Single-mode segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as single-mode is being used for long-distance deployments spanning lengths from 2 meters to 10,000 meters.
Plastic Optic Fiber (POF) segment is expected to register a significantly robust revenue growth rate over the forecast period. Plastic optical fibers are widely used in digital household appliances, home networks, and industrial connections for low-speed, short-distance applications. Plastic fibers play an important role in transmitting data in defense communication infrastructure and multimedia devices.
The market in Asia Pacific is expected to account for largest revenue share over the forecast period due to rapid industrialization and growing telecommunications industry.

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This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Fiber Optics market on the basis of product, application, and region:

Emergen Research has segmented the global fiber optics on the basis of components, fiber type, cable type, application, and region:

Components Outlook (Revenue, USD Billion; 2018–2028)

Hardware
1. Couplers
2. Connectors
3. Transmitters
4. Amplifiers
5. Receivers
6. Others
Software
Services

Fiber Type Outlook (Revenue, USD Billion; 2018–2028)

Plastic Optical Fiber (POF)
Glass Optical Fiber

Cable Type Outlook (Revenue, USD Billion; 2018–2028)

Single-mode
Multi-mode

Application Outlook (Revenue, USD Billion; 2018–2028)

Oil & Gas
Healthcare
Telecommunication
BFSI
Aerospace & Defense
Industrial
Government
Others

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Regional Analysis of the Fiber Optics Market:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

Analysis and estimation of the Fiber Optics market size and share for the projected period of 2021-2028
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Fiber Optics market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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