Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate(Less than 10Gbps, 10Gbos to 40 Gbps, 41 Gbps to 100 Gbps, More than 100 Gbps) and Region - Global Forecast to 2030

Digital signage broadcasts menus, information, advertising, and other content using technologies such as LCD, LED, plasma displays, or projected images. These are available for both public and private environments, including retail stores, hotels, government organizations, and corporate buildings, among other locations. Digital signages are gaining wide acceptance in the market due to their dynamic nature—as content can be updated according to requirement—and their low cost and wide range of benefits. Fiber optic pieces are expensive, fragile, and prone to transmission loss. Small sizes make them vulnerable to damage through repairs or rewiring. Also, fiber optics are prone to fiber fuse in their networks, meaning excessive light can damage the fibre cable in a short time. Any material surrounding the cable may also interfere with the transmission. Since they are fragile, fiber optics need adequate protective casings to provide resistance to respective installation environments.
“Data rates 41 Gbps to 100 Gbps to grow with highest CAGR during the forecast period”
Optical transceivers supporting data rates of 41 Gbps to 100 Gbps are expected to grow at the highest CAGR during the forecast period. The rising demand for higher data transmission drives the growing demand for 100G, 200G, and 400G transceivers. With the advent of advanced technologies such as AI and 5G, there is an increased requirement for higher bandwidth, which is eventually necessary for data center applications. Moreover, there has been an increase in internet penetration traffic owing to different factors such as high-bandwidth applications, enhanced data transfer capabilities, fast fixing broadband speeds, growing online video content, mobile internet users, and the proliferation of connected devices. Furthermore, the rising adoption of smart devices and IoT is responsible for the increasing demand for high data rate-enabled optical transceivers along with the shift toward Cloud storage.
“Communication application to hold the largest size of Fiber optic components market in 2024”
Optical fiber components are crucial components for communications and networking. Fiber optic components allow the core networking hardware, such as switches and routers, as well as data centers, enterprise, and telecommunication networking systems to function effectively. The increasing adoption of connected devices creates data traffic across networks that demand components supporting high-speed communications; hence, high data rate optical components are gaining traction in the market. Furthermore, the data flow has expanded to unprecedented levels due to the advancements in technologies such as 5G, Big Data, blockchain, Cloud-based services, Internet of Things (IoT), and artificial intelligence (AI), which have become hotspot drivers for the fiber optic components market.
“Asia Pacific to dominate Fiber optic components market in 2024”
In terms of market share, Asia Pacific dominated the fiber optic components market in 2024. The development of advanced technologies such as AI, IoT, and Big Data has made it easier to build large-scale data center applications. Major multinational corporations, including as Facebook, Amazon, Microsoft, Google, Alibaba, and Baidu, have created data centers in Asia and intend to expand their reach into other countries.
Consumers in China and India are driving Asia Pacific's growth, as they increasingly employ high-speed broadband services and mobile devices. The increasing use of optical communication in data centers and telecommunications will fuel the fiber optic components market in this region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the fiber optic components market space. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1= 55%, Tier 2 = 30%, and Tier 3 =15%
- By Designation: Directors =50%, Managers =25%, Others = 25%
- By Region: North America = 35%, Europe = 25%, APAC = 30%, and RoW = 10%
Research Coverage:
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall fiber optic components market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing deployment of data centers), restraints (Prone to physical damage and transmission loss), opportunities (Rising demand for fiber optics due to reliability), and challenges (Threat to optical network security) influencing the growth of the fiber optics component market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the fiber optics component market
- Market Development: Comprehensive information about lucrative markets – the report analyses the fiber optics component market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the fiber optics component market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and offerings of leading players Coherent Corporation (US), Lumentum Holdings Inc. (US), Broadcom Inc. (US), Sumitomo Electric Industries (Japan) among others in the fiber optic components market strategies.
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 YEARS CONSIDERED
1.4 CURRENCY
1.5 VOLUME UNIT CONSIDERED
1.6 RESEARCH LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 SECONDARY AND PRIMARY RESEARCH
2.1.2.1 Key insights from industry experts
2.1.2.2 Major secondary sources
2.1.2.3 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Breakdown of primary profiles
2.1.3.3 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Estimating market size by bottom-up approach (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Estimating market size by top-down approach (Supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN FIBER OPTIC COMPONENTS MARKET
4.2 FIBER OPTIC COMPONENTS MARKET, BY DATA RATE
4.3 FIBER OPTIC COMPONENTS MARKET, BY TYPE
4.4 FIBER OPTIC COMPONENTS MARKET IN NORTH AMERICA,
BY APPLICATION AND COUNTRY
4.5 FIBER OPTIC COMPONENTS MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing deployment of data centers
5.2.1.2 Growing internet penetration and data traffic
5.2.1.3 Rising demand for bandwidth
5.2.2 RESTRAINTS
5.2.2.1 Prone to physical damage and transmission loss
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing adoption of fiber optic components in
digital signage market
5.2.3.2 Rising demand for fiber optics due to reliability
5.2.3.3 Expansion of telecom infrastructure in developing economies
5.2.4 CHALLENGES
5.2.4.1 Threat to optical network security
5.2.4.2 High cost of installation and difficulty in installing in different terrains
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY DATA RATE
5.4.2 AVERAGE SELLING PRICE TREND, BY REGION
5.5 VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM
5.7 INVESTMENT AND FUNDING SCENARIO
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGY
5.8.1.1 Plastic Optical Fibers (POF)
5.8.1.2 Glass optical fibers
5.8.1.3 NANF hollow-core fibber
5.8.2 COMPLEMENTARY TECHNOLOGY
5.8.2.1 Digital Signal Processor (DSP)
5.8.3 ADJACENT TECHNOLOGY
5.8.3.1 Wireless communication
5.9 PATENT ANALYSIS
5.10 KEY CONFERENCES AND EVENTS, 2025–2026
5.11 TRADE ANALYSIS
5.11.1 IMPORT SCENARIO (HS CODE 9001)
5.11.2 EXPORT SCENARIO (HS CODE 9001)
5.12 KEY CONFERENCES AND EVENTS, 2025–2026
5.13 TARIFF AND REGULATORY LANDSCAPE
5.13.1 TARIFFS RELATED TO OPTICAL FIBER, OPTICAL FIBER BUNDLES,
AND CABLES OF VOICE (9001)
5.14 REGULATIONS
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 REGULATORY STANDARDS
5.14.2.1 International Organization for Standardization (ISO)/International Electrotechnical Commission (IEC)
5.14.2.2 ITU standards
5.14.3 GOVERNMENT REGULATIONS
5.14.3.1 US
5.14.3.2 Europe
5.14.3.3 China
5.14.3.4 India
5.15 PORTER'S FIVE FORCES ANALYSIS
5.15.1 INTENSITY OF COMPETITIVE RIVALRY
5.15.2 BARGAINING POWER OF SUPPLIERS
5.15.3 BARGAINING POWER OF BUYERS
5.15.4 THREAT OF SUBSTITUTES
5.15.5 THREAT OF NEW ENTRANTS
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.16.2 BUYING CRITERIA
5.17 IMPACT OF AI ON FIBER OPTIC COMPONENTS MARKET
5.18 CASE STUDY ANALYSIS
5.18.1 LINKЦPINGS UNIVERSITY DATA CENTER
5.18.2 NORDIC BROADCASTING COMPANY SIGNIFICANTLY ENHANCED
DATA TRANSFER RATES AND ENSURED RELIABLE SITE CONNECTIVITY
WITH FIBER OPTICS
5.18.3 FIBER UPGRADE FOR HOME BROADBAND IMPROVED SERVICE QUALITY
AND CUSTOMER SATISFACTION
6 FIBER OPTIC COMPONENTS MARKET, BY TYPE
6.1 INTRODUCTION
6.2 CABLES
6.2.1 SINGLE-MODE CABLES
6.2.1.1 Single-mode fibers to be used for long-distance and high
bandwidth applications
6.2.2 MULTIMODE CABLES
6.2.2.1 Growing demand for unlimited bandwidth capacity to boost multimode fiber demand
6.3 ACTIVE OPTICAL CABLES (AOCS)
6.3.1 LIGHT WEIGHT AND ELECTROMAGNETIC IMMUNITY TO PROPEL DEMAND
FOR ACTIVE OPTICAL CABLES
6.4 AMPLIFIERS
6.4.1 EXTENSIVE APPLICATIONS FOR SIGNAL AMPLIFICATION IN LONG-DISTANCE TRANSMISSIONS TO PROPEL DEMAND FOR OPTICAL AMPLIFIERS
6.4.2 ERBIUM-DOPED FIBER AMPLIFIERS
6.4.3 FIBER RAMAN AMPLIFIERS
6.4.4 SEMICONDUCTOR OPTICAL AMPLIFIERS
6.5 SPLITTERS
6.5.1 COMPACT AND LOWER COST WITH GREATER DEGREES OF SPLITTING TO ENSURE INCREASED ADOPTION OF SPLITTERS
6.6 CONNECTORS
6.6.1 NEED FOR CONNECTING FIBER CABLES EXPECTED TO INCREASE
ADOPTION OF CONNECTORS
6.6.2 LC CONNECTORS
6.6.3 SC CONNECTORS
6.6.4 FC CONNECTORS
6.6.5 ST CONNECTORS
6.6.6 MPO/MTP CONNECTORS
6.6.7 TMT/MMC
6.6.8 SN/MT
6.6.9 OTHER CONNECTORS
6.7 CIRCULATORS
6.7.1 LOSSLESS AND ON-RECIPROCAL DEVICES TO ROTE TRANSMITTED LIGHT EASILY TO PROPEL DEMAND FOR CIRCULATORS
6.8 TRANSCEIVERS
6.8.1 SIGNIFICANT DEVELOPMENTS IN OPTICAL TRANSCEIVERS WITH ADVENT OF TRANSCEIVERS WITH VARIOUS DATA RATES FOR OPTICAL COMMUNICATIONS TO DRIVE MARKET
6.8.2 SMALL FORM-FACTOR (SFF) AND SMALL FORM-FACTOR PLUGGABLE (SFP)
6.8.3 SFP+ AND SFP28
6.8.4 QSFP, QSFP+, QSFP14, AND QSFP28
6.8.5 CFP, CFP2, AND CFP4
6.8.6 XFP
6.8.7 CXP
6.9 OTHERS
6.9.1 FIBER OPTIC FILTERS
6.9.2 FIBER OPTIC ATTENUATORS
6.9.3 FIBER OPTIC MULTIPLEXERS
6.9.4 FIBER OPTIC AGGREGATORS
7 FIBER OPTIC COMPONENTS MARKET, BY DATA RATE
7.1 INTRODUCTION
7.2 LESS THAN 10 GBPS
7.2.1 LESS THAN 10 GBPS DATA RATE MODULES TO WORK WITH SINGLE-
MODE AS WELL AS MULTIMODE FIBERS
7.3 10 GBPS TO 40 GBPS
7.3.1 10 GBPS TO 40 GBPS DATA RATE MODULES TO BE MOSTLY USED FOR SWITCHING AND ROUTING APPLICATIONS
7.4 41 GBPS TO 100 GBPS
7.4.1 CONTINUOUS DEVELOPMENT OF BIG DATA, CLOUD COMPUTING, MASSIVE VIDEO, AND 5G APPLICATIONS TO DRIVE MARKET
7.5 MORE THAN 100 GBPS
7.5.1 MORE THAN 100 GBPS DATA RATE MODULES TO BE SIGNIFICANTLY USED FOR DATA SECURITY IN COMMUNICATIONS NETWORKS
8 FIBER OPTIC COMPONENTS MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 ANALYTICAL & MEDICAL EQUIPMENT
8.2.1 NEED FOR OPTIC ILLUMINATION IN MEDICAL PROCEDURES
TO PROPEL MARKET
8.3 COMMUNICATIONS
8.3.1 TELECOMMUNICATIONS
8.3.1.1 Need for high-speed data transmission to propel demand for fiber optic components in telecommunications application
8.3.2 DATA CENTERS
8.3.2.1 Rise in network traffic and cloud computing services to propel demand for optical transceivers in data centers
8.3.3 ENTERPRISES
8.3.3.1 Growing demand for communication solutions in enterprises
to drive market
8.4 DISTRIBUTED SENSING
8.4.1 GROWING DEMAND FOR FIBER OPTIC CABLES AS FIBER OPTIC SENSORS TO BOOST MARKET FOR DISTRIBUTED SENSING APPLICATIONS
8.4.2 TEMPERATURE SENSING
8.4.3 ACOUSTIC SENSING
8.4.4 OTHER SENSING APPLICATIONS
8.5 LIGHTING
8.5.1 USE OF FIBER OPTIC COMPONENTS FOR ILLUMINATION IN REMOTE LOCATIONS TO BOLSTER MARKET GROWTH
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 US
9.2.1.1 Economic stability and increased requirement for automation in different industries to drive market
9.2.2 CANADA
9.2.2.1 Growing investments in network infrastructure to propel market
9.2.3 MEXICO
9.2.3.1 Increasing internet data traffic to boost growth of fiber optic components market
9.3 EUROPE
9.3.1 UK
9.3.1.1 Government to focus on Industry 4.0 and technological initiatives by huge telecommunication service providers to fuel market growth
9.3.2 GERMANY
9.3.2.1 Adoption of IoT, especially in manufacturing and automotive industries to drive demand for fiber optic components
9.3.3 FRANCE
9.3.3.1 Implementation of 5G technology to boost market growth
9.3.4 ITALY
9.3.4.1 Increasing adoption of FTTH broadband in Italy to provide opportunities for fiber optics providers
9.3.5 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.1.1 Huge population base and steadily increasing per capita income to accelerate market growth
9.4.2 JAPAN
9.4.2.1 Increasing demand for cloud-based services to drive demand for fiber optic components
9.4.3 INDIA
9.4.3.1 Surging demand for network upgrades to drive demand for fiber optic components for communication
9.4.4 REST OF ASIA PACIFIC
9.5 ROW
9.5.1 MIDDLE EAST & AFRICA
9.5.1.1 Rise of 5G development and cloud service integration with IoT and digital skills to foster market growth
9.5.2 SOUTH AMERICA
9.5.2.1 Growing internet usage and data centers to foster market growth
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 KEY STRENGTHS/RIGHT TO WIN, 2021–2024
10.3 REVENUE ANALYSIS, 2021?2023
10.4 MARKET SHARE ANALYSIS, 2024
10.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
10.6 BRAND/PRODUCT COMPARISON
10.7 COMPANY EVALUATION QUADRANT
10.7.1 STARS
10.7.2 PERVASIVE PLAYERS
10.7.3 EMERGING LEADERS
10.7.4 PARTICIPANTSS
10.8 COMPANY FOOTPRINT
10.8.1 COMPANY FOOTPRINT
10.8.2 PRODUCT TYPE FOOTPRINT
10.8.3 CABLE TYPE FOOTPRINT
10.8.4 REGIONAL FOOTPRINT
10.8.5 COMPANY FOOTPRINTS: KEY PLAYERS, 2024
10.8.5.1 Company footprint
10.9 COMPANY EVALUATION MATRIX: KEY START-UPS/SMES, 2024
10.9.1 PROGRESSIVE COMPANIES
10.9.2 RESPONSIVE COMPANIES
10.9.3 DYNAMIC COMPANIES
10.9.4 STARTING BLOCKS
10.9.5 DETAILED LIST OF KEY START-UPS
10.10 COMPETITIVE SCENARIO
10.10.1 PRODUCT LAUNCHES
10.10.2 DEALS
11 COMPANY PROFILES
11.1 KEY PLAYERS
11.1.1 COHERENT CORP.
11.1.1.1 Business overview
11.1.1.2 Products/Solutions/Services offered
11.1.1.3 Recent developments
11.1.1.4 MnM view
11.1.1.4.1 Right to win
11.1.1.4.2 Strategic choices
11.1.1.4.3 Weaknesses & competitive threats
11.1.2 LUMENTUM HOLDINGS INC.
11.1.2.1 Business overview
11.1.2.2 Products/Solutions/Services offered
11.1.2.3 Recent developments
11.1.2.3.1 Product launches
11.1.2.3.2 Deals
11.1.2.4 MnM view
11.1.2.4.1 Right to win
11.1.2.4.2 Strategic choices
11.1.2.4.3 Weaknesses and competitive threats
11.1.3 BROADCOM
11.1.3.1 Business overview
11.1.3.2 Products/Solutions/Services offered
11.1.3.3 Recent developments
11.1.3.3.1 Product launches
11.1.3.3.2 Deals
11.1.3.3.3 Other developments
11.1.3.4 MnM view
11.1.3.4.1 Right to win
11.1.3.4.2 Strategic choices
11.1.3.4.3 Weaknesses and competitive threats
11.1.4 SUMITOMO ELECTRIC INDUSTRIES, LTD.
11.1.4.1 Business overview
11.1.4.2 Products/Solutions/Services offered
11.1.4.3 Recent developments
11.1.4.3.1 Product launches
11.1.4.3.2 Deals
11.1.4.4 MnM view
11.1.4.4.1 Right to win
11.1.4.4.2 Strategic choices
11.1.4.4.3 Weaknesses and competitive threats
11.1.5 ACCELINK TECHNOLOGIES CO. LTD
11.1.5.1 Business overview
11.1.5.2 Products/Solutions/Services offered
11.1.5.3 Recent developments
11.1.5.3.1 Expansions
11.1.5.4 MnM view
11.1.5.4.1 Right to win
11.1.5.4.2 Strategic choices
11.1.5.4.3 Weaknesses and competitive threats
11.1.6 ACACIA COMMUNICATIONS, INC.
11.1.6.1 Business overview
11.1.6.2 Products/Solutions/Services offered
11.1.6.3 Recent developments
11.1.6.3.1 Product launches
11.1.6.3.2 Deals
11.1.7 EMCORE CORPORATION
11.1.7.1 Business overview
11.1.7.2 Products/Solutions/Services offered
11.1.7.3 Recent developments
11.1.7.3.1 Product launches
11.1.8 FUJITSU OPTICAL COMPONENT LIMITED
11.1.8.1 Business overview
11.1.8.2 Products/Solutions/Services offered
11.1.8.3 Recent developments
11.1.8.3.1 Product launches
11.1.8.3.2 Deals
11.1.9 FURUKAWA ELECTRIC CO., LTD.
11.1.9.1 Business overview
11.1.9.2 Products/Solutions/Services offered
11.1.9.3 Recent developments
11.1.9.3.1 Product launches
11.1.9.3.2 Deals
11.1.10 CORNING INCORPORATED
11.1.10.1 Business overview
11.1.10.2 Products/Solutions/Services offered
11.1.10.3 Recent developments
11.1.10.3.1 Product launches
11.1.10.3.2 Deals
11.1.10.3.3 Expansions
11.2 OTHER KEY PLAYERS
11.2.1 HEXATRONIC GROUP
11.2.2 O-NET TECHNOLOGIES (SHENZHEN) GROUP CO.,LTD
11.2.3 SMITHS INTERCONNECT
11.2.4 SOURCE PHOTONICS
11.2.5 FIBRE MOUNTAIN
11.2.6 AMPHENOL CORPORATION
11.2.7 TE CONNECTIVITY PLC
11.2.8 FIBER OPTIC COMMUNICATIONS, INC. (FOCI)
11.2.9 MW TECHNOLOGIES
11.2.10 SHENZHEN NOKOXIN TECHNOLOGY CO.LTD
11.2.11 BELDEN, INC.
11.2.12 HUBER+SUHNER
11.2.13 REICHLE & DE-MASSARI AG (R&M)
11.2.14 PANDUIT CORP.
11.2.15 CLEARFIELD INC.
11.2.16 RPG CABLES (A DIVISION OF KEC INTERNATIONAL LIMITED)
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
According to the new market research report "Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate (10G, 40G, 100G, above 100G), Application (Communications, Distributed Sensing) - Global Forecast to 2023", the fiber optic components market is expected to grow from USD 17.15 Billion in 2018 to USD 27.60 Billion by 2023, at a CAGR of 10%. The factors that are driving the growth of this market are the increasing deployment of data centers, growing internet penetration and data traffic, and rising demand for bandwidth and reliability.
The major players operating in the fiber optic components market are
- Finisar (US)
- Lumentum (US)
- Broadcom (US)
- Sumitomo Electric (Japan)
- Accelink Technologies (China)
- Acacia Communications (US)
- EMCORE (US)
- Fujitsu Optical Components (Japan)
- Furukawa Electric (Japan)
- II-VI (US)
Fiber optic components market for AOCs expected to grow at the highest rate during the forecast period
The market for AOCs is expected to grow at the highest CAGR between 2018 and 2023. The cloud technology has developed rapidly with the beginning of the big-data age. To satisfy the demands of higher bandwidth and more applications in a variety of cloud computing environments, active optical cables (AOCs) have been developed.
Fiber optic components market for 100G expected to lead the fiber optic components market between 2018 and 2023
The fiber optic components market for 100G is expected to hold the largest share by 2023. The market for 100G data rate is growing as it offers high-speed, increased data rate, predefined user configuration, and complete automation capabilities.
Communications application expected to lead the fiber optic components market between 2018 and 2023
Among various applications, the communications application expected to account for the largest size of the overall fiber optic components market between 2018 and 2023. The growth of this market can be attributed to the mass utilization of digital technologies and applications in telecommunications, data centers, and enterprises. Also, positive trends in broadband and big data management are also driving the growth of the communications application. With all this development in the communications application, the demand for fiber optic components would also rise.
APAC expected to lead the fiber optic components market between 2018 and 2023
APAC is expected to hold the largest size of the fiber optic components market during the forecast period. The rising industrialization and infrastructural development in this region have offered enormous opportunities for the use of fiber optic components across various applications in APAC.