Fiber Optics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global fiber optics market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.8% during 2023-2028.
Fiber optics is the technology used for transmitting images, voice and data through thin and transparent fiber strands. These fiber strands are known as optic fibers that are made of glass or plastic. At present, the technology finds extensive applications in the healthcare and telecommunication industries. It is also utilized in the military and defense sector for vehicle navigation, environmental sensing and monitoring, and transmitting radio signals.
The increasing demand for internet services is the key factor driving the market. Owing to the rapidly growing digitally-literate population, the demand for high bandwidth communication and data transmission services is on the rise, which has led to the steady growth in the telecommunications and information technology sector. This has consequently increased the demand for fiber optics as it is integral for effectively transmitting data, voice messages and images over vast distances. Furthermore, innovations such as 5G network, Fiber to the Home (FTTH) and Fiber to the Building (FTTB) have amplified the positioning of broadband network systems, which provide high-speed data and related services to the consumers. Moreover, fiber optic internet is considered more reliable and less susceptible to breakdown during power outages as the fibers are made of glass and do not require electricity to function. In the healthcare industry, this technology has extensive application in the field of imaging, wherein X-ray, surgical endoscopy and microscopy, ophthalmic lasers and light therapy are some of the key medical procedures that use fiber optics. The growing demand for minimally invasive surgeries is another critical factor driving their demand in this industry.
IMARC Group’s latest report provides a deep insight into the global fiber optics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global fiber optics market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fiber optics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on cable type, optical fiber type and application.
Breakup by Cable Type:
Single Mode
Multi-Mode
Breakup by Optical Fiber Type:
Glass
Plastics
Breakup by Application:
Telecom
Oil and Gas
Military and Aerospace
BFSI
Medical
Railway
Others
Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Corning Inc., Prysmian Group, Finisar, AFL Global, Sumitomo Electronics Industries (SEI), Ls Cable & System, Leoni AG, Furukawa Electric, General Cable Corporation, Finolex, etc.
Key Questions Answered in This Report
1. What was the size of the global fiber optics market in 2022?
2. What is the expected growth rate of the global fiber optics market during 2023-2028?
3. What are the key factors driving the global fiber optics market?
4. What has been the impact of COVID-19 on the global fiber optics market?
5. What is the breakup of the global fiber optics market based on the cable type?
6. What is the breakup of the global fiber optics market based on the optical fiber type?
7. What is the breakup of the global fiber optics market based on the application?
8. What are the key regions in the global fiber optics market?
9. Who are the key players/companies in the global fiber optics market?
Fiber optics is the technology used for transmitting images, voice and data through thin and transparent fiber strands. These fiber strands are known as optic fibers that are made of glass or plastic. At present, the technology finds extensive applications in the healthcare and telecommunication industries. It is also utilized in the military and defense sector for vehicle navigation, environmental sensing and monitoring, and transmitting radio signals.
The increasing demand for internet services is the key factor driving the market. Owing to the rapidly growing digitally-literate population, the demand for high bandwidth communication and data transmission services is on the rise, which has led to the steady growth in the telecommunications and information technology sector. This has consequently increased the demand for fiber optics as it is integral for effectively transmitting data, voice messages and images over vast distances. Furthermore, innovations such as 5G network, Fiber to the Home (FTTH) and Fiber to the Building (FTTB) have amplified the positioning of broadband network systems, which provide high-speed data and related services to the consumers. Moreover, fiber optic internet is considered more reliable and less susceptible to breakdown during power outages as the fibers are made of glass and do not require electricity to function. In the healthcare industry, this technology has extensive application in the field of imaging, wherein X-ray, surgical endoscopy and microscopy, ophthalmic lasers and light therapy are some of the key medical procedures that use fiber optics. The growing demand for minimally invasive surgeries is another critical factor driving their demand in this industry.
IMARC Group’s latest report provides a deep insight into the global fiber optics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global fiber optics market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fiber optics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on cable type, optical fiber type and application.
Breakup by Cable Type:
Single Mode
Multi-Mode
Breakup by Optical Fiber Type:
Glass
Plastics
Breakup by Application:
Telecom
Oil and Gas
Military and Aerospace
BFSI
Medical
Railway
Others
Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Corning Inc., Prysmian Group, Finisar, AFL Global, Sumitomo Electronics Industries (SEI), Ls Cable & System, Leoni AG, Furukawa Electric, General Cable Corporation, Finolex, etc.
Key Questions Answered in This Report
1. What was the size of the global fiber optics market in 2022?
2. What is the expected growth rate of the global fiber optics market during 2023-2028?
3. What are the key factors driving the global fiber optics market?
4. What has been the impact of COVID-19 on the global fiber optics market?
5. What is the breakup of the global fiber optics market based on the cable type?
6. What is the breakup of the global fiber optics market based on the optical fiber type?
7. What is the breakup of the global fiber optics market based on the application?
8. What are the key regions in the global fiber optics market?
9. Who are the key players/companies in the global fiber optics market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL FIBER OPTICS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Cable Type
5.5 Market Breakup by Optical Fiber Type
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
6 MARKET BREAKUP BY CABLE TYPE
6.1 Single Mode
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Multi-Mode
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY OPTICAL FIBER TYPE
7.1 Glass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Plastics
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY APPLICATION
8.1 Telecom
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Oil and Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Military and Aerospace
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 BFSI
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Medical
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Railway
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 MARKET BREAKUP BY REGION
9.1 Europe
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 North America
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
12 PORTERS FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Corning Inc.
14.3.2 Prysmian Group
14.3.3 Finisar
14.3.4 AFL Global
14.3.5 Sumitomo Electronics Industries (SEI)
14.3.6 Ls Cable & System
14.3.7 Leoni AG
14.3.8 Furukawa Electric
14.3.9 General Cable Corporation
14.3.10 Finolex
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL FIBER OPTICS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Cable Type
5.5 Market Breakup by Optical Fiber Type
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
6 MARKET BREAKUP BY CABLE TYPE
6.1 Single Mode
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Multi-Mode
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY OPTICAL FIBER TYPE
7.1 Glass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Plastics
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY APPLICATION
8.1 Telecom
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Oil and Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Military and Aerospace
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 BFSI
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Medical
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Railway
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 MARKET BREAKUP BY REGION
9.1 Europe
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 North America
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
12 PORTERS FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Corning Inc.
14.3.2 Prysmian Group
14.3.3 Finisar
14.3.4 AFL Global
14.3.5 Sumitomo Electronics Industries (SEI)
14.3.6 Ls Cable & System
14.3.7 Leoni AG
14.3.8 Furukawa Electric
14.3.9 General Cable Corporation
14.3.10 Finolex
LIST OF TABLES
Table 1: Global: Fiber Optics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fiber Optics Market Forecast: Breakup by Cable Type (in Million US$), 2023-2028
Table 3: Global: Fiber Optics Market Forecast: Breakup by Optical Fiber Type (in Million US$), 2023-2028
Table 4: Global: Fiber Optics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Fiber Optics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Fiber Optics Market Structure
Table 7: Global: Fiber Optics Market: Key Players
Table 1: Global: Fiber Optics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fiber Optics Market Forecast: Breakup by Cable Type (in Million US$), 2023-2028
Table 3: Global: Fiber Optics Market Forecast: Breakup by Optical Fiber Type (in Million US$), 2023-2028
Table 4: Global: Fiber Optics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Fiber Optics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Fiber Optics Market Structure
Table 7: Global: Fiber Optics Market: Key Players
LIST OF FIGURES
Figure 1: Global: Fiber Optics Market: Major Drivers and Challenges
Figure 2: Global: Fiber Optics Market: Sales Value (in Billion US$), 2017 - 2022
Figure 3: Global: Fiber Optics Market: Breakup by Cable Type (in %), 2022
Figure 4: Global: Fiber Optics Market: Breakup by Optical Fiber Type (in %), 2022
Figure 5: Global: Fiber Optics Market: Breakup by Application (in %), 2022
Figure 6: Global: Fiber Optics Market: Breakup by Region (in %), 2022
Figure 7: Global: Fiber Optics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Fiber Optics Industry: SWOT Analysis
Figure 9: Global: Fiber Optics Industry: Value Chain Analysis
Figure 10: Global: Fiber Optics Industry: Porter’s Five Forces Analysis
Figure 11: Global: Fiber Optics (Single Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Fiber Optics (Single Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Fiber Optics (Multi-Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Fiber Optics (Multi-Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Fiber Optics (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Fiber Optics (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Fiber Optics (Plastics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Fiber Optics (Plastics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Fiber Optics (Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Fiber Optics (Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Fiber Optics (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Fiber Optics (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Fiber Optics (Military and Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Fiber Optics (Military and Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Fiber Optics (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Fiber Optics (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Fiber Optics (Medical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Fiber Optics (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Fiber Optics (Railway) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Fiber Optics (Railway) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Fiber Optics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Fiber Optics (Other Application) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Europe: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Europe: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia Pacific: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia Pacific: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Middle East and Africa: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Middle East and Africa: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Latin America: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Latin America: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 1: Global: Fiber Optics Market: Major Drivers and Challenges
Figure 2: Global: Fiber Optics Market: Sales Value (in Billion US$), 2017 - 2022
Figure 3: Global: Fiber Optics Market: Breakup by Cable Type (in %), 2022
Figure 4: Global: Fiber Optics Market: Breakup by Optical Fiber Type (in %), 2022
Figure 5: Global: Fiber Optics Market: Breakup by Application (in %), 2022
Figure 6: Global: Fiber Optics Market: Breakup by Region (in %), 2022
Figure 7: Global: Fiber Optics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Fiber Optics Industry: SWOT Analysis
Figure 9: Global: Fiber Optics Industry: Value Chain Analysis
Figure 10: Global: Fiber Optics Industry: Porter’s Five Forces Analysis
Figure 11: Global: Fiber Optics (Single Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Fiber Optics (Single Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Fiber Optics (Multi-Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Fiber Optics (Multi-Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Fiber Optics (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Fiber Optics (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Fiber Optics (Plastics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Fiber Optics (Plastics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Fiber Optics (Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Fiber Optics (Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Fiber Optics (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Fiber Optics (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Fiber Optics (Military and Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Fiber Optics (Military and Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Fiber Optics (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Fiber Optics (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Fiber Optics (Medical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Fiber Optics (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Fiber Optics (Railway) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Fiber Optics (Railway) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Fiber Optics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Fiber Optics (Other Application) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Europe: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Europe: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia Pacific: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia Pacific: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Middle East and Africa: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Middle East and Africa: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Latin America: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Latin America: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
