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Fiber Optics Market Size, Share & Trends Analysis Report By Type (Single Mode, Multimode), By Application (Telecom, Military & Aerospace, Medical), Region, And Segment Forecasts, 2023 - 2030

January 2023 | 100 pages | ID: F0F1C1B2CEFEN
Grand View Research, Inc.

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Fiber Optics Market Growth & Trends

The global fiber optics market size is expected to reach USD 14.93 billion by 2030, and exhibit a CAGR of 6.9% from 2023 to 2030, according to Grand View Research Inc. The growth is attributed to the rising government funding in developing secure infrastructures to avoid massacres. Rising terrorism is also appealing to government authorities and defense services of different countries to take initiatives and stringent steps and curb such occurrences. This has led to the evolution and adoption of several technological methods such as body cams, wearables, and other responders that keep the security personnel connected, irrespective of the user’s location and user fiber optics for communications.

The concept of IoE (Internet of Everything) is attracting the security sector, worldwide, owing to the increasing awareness of the effectiveness and efficiency of the technology that aids in curbing national issues such as riots, massacres, killings, and other criminal offenses. The need for high-speed internet, capable of efficiently transmitting data is anticipated to grow with the increasing demand for IoE. The growing demand for high-bandwidth communication is fueling the fiber optic market growth. For instance, In March 2020, CommScope, an U.S-based Communication device company, installed 1.5 million feet of copper and 227 miles of fiber cabling in Allegiant Stadium, in Las Vegas. This fiber optic cabling provides high bandwidth connectivity to hundreds of thousands of smartphones and tablets and supports 4K video streaming.

The technological advancements in communication and data transmission services are projected to fuel the market for fiber optic technology in the coming years. It serves as a medium to cope with the increasing bandwidth requirements associated with network operators, broadband services, and broadband connection providers. The rising implementation of fiber optic components in trunk cable forms, distribution cables, standard patch cords, and high-density interconnect cables is expected to enhance the demand for fiber optics in the telecom sector. Moreover, the growing demand for 5G and data centers is projected to provide new opportunities to the fiber optic market over the forecast period.

Various companies are increasing fiber cable production to foster greater connectivity, stronger access, and superior speed, which leads to company growth. For instance, in December 2022, Deutsche Telekom, a German telecommunications company, announced a plan to significantly accelerate its fiber deployment by adding between 2.5 and 3 million connections by 2023. The company also intends to increase the number of fiber optic installers in the fiber production plant by 50%.

Furthermore, the high initial acquisition & installation costs are hindering the growth of this market. An optical fiber system is comprised of a variety of components such as optical cables, transmitters, receivers, and others. Installation of the entire system is a labor-intensive process, especially, the installation of the network, for underground and undersea connections, which is one of the costliest and most tedious procedures. Fiber optics, with its advancements, has overtaken copper-cable transmission. However, the installation process to deploy the optical networks, being an extremely high-cost part, is expected to hamper the market growth.

Fiber Optics Market Report Highlights
  • Governments of developed countries such as the U.S., U.K., Germany, China, Japan, and others are heavily investing in enhancing their security infrastructures on individual levels and country levels. This is eventually necessitating increasing funding for technologies, prominently across the fiber optics that would improve the telecommunication sector infrastructure with better security measures. Therefore, government funding for infrastructure is driving the market.
  • The Plastic Optical Fiber segment is projected to attain a CAGR of 9.1% over the forecast period. POF differs from its single and multimode counterparts based on the core materials used in POF cable construction. While single and multimode fiber optics have a glass core, POF cables have a polymer core. This offers a dynamic application portfolio along with cost savings.
  • Market participants are diversifying their product portfolio through their innovative offerings. For instance, in March 2022, W. L. Gore & Associates, Inc., a manufacturer of waterproof, breathable Gore-Tex fabrics, released GORE Fiber Optic Cables with high impact resistance to aggressive chemicals abrasion, scrapes, and undesirable fluids that aircraft typically experience during maintenance activities and complex installation.
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Information Procurement and Research Scope
1.2 Information Analysis
1.3 Market Formulation & Data Visualization
1.4 Market Scope and Assumptions
  1.4.1 Secondary Sources
  1.4.2 Primary Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Outlook
2.2 Global
  2.2.1 Global Fiber Optics Market, 2017 - 2030
  2.2.2 Global Fiber Optics Market, by Region, 2017 - 2030
  2.2.3 Global Fiber Optics Market, by Type, 2017 - 2030
  2.2.4 Global Fiber Optics Market, by Application, 2017 - 2030
2.3 Segmental Trends

CHAPTER 3 FIBER OPTICS MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Segmentation & Scope
3.2 Fiber Optics Market - Value Chain Analysis
3.3 Market Dynamics
  3.3.1 Market Drivers
  3.3.2 Market Restraints
  3.3.3 Market Opportunities
3.4 Industry Analysis - Porter’s Five Forces
  3.4.1 Supplier Power
  3.4.2 Buyer Power
  3.4.3 Substitution Threat
  3.4.4 Threat From New Entrant
  3.4.5 Competitive Rivalry
3.5 Key Opportunities - Prioritized
3.6 Fiber Optics Market - PEST Analysis
  3.6.1 Political
  3.6.2 Economic
  3.6.3 Social
  3.6.4 Technological

CHAPTER 4 FIBER OPTICS MARKET: TYPE OUTLOOK

4.1 Fiber Optics Market Share by Type, 2022 & 2030
4.2 Single-Mode
  4.2.1 Single-Mode Fiber Optics Market, by Region, 2017 - 2030
4.3 Multi-Mode
  4.3.1 Multi-Mode Fiber Optics Market, by Region, 2017 - 2030
4.4 Plastic Optical Fiber
  4.4.1 Plastic Optical Fiber Fiber Optics Market, by Region, 2017 - 2030

CHAPTER 5 FIBER OPTICS MARKET: APPLICATION OUTLOOK

5.1 Fiber Optics Market Share by Application, 2022 & 2030
5.2 Telecom
  5.2.1 Telecom Fiber Optics Market, by Region, 2017 - 2030
5.3 Oil & Gas
  5.3.1 Oil & Gas Fiber Optics Market, by Region, 2017 - 2030
5.4 BFSI
  5.4.1 BFSI Fiber Optics Market, by Region, 2017 - 2030
5.5 Medical
  5.5.1 Medical Fiber Optics Market, by Region, 2017 - 2030
5.6 Railway
  5.6.1 Railway Fiber Optics Market, by Region, 2017 - 2030
5.7 Others
  5.7.1 Others Fiber Optics Market, by Region, 2017 - 2030

CHAPTER 6 FIBER OPTICS MARKET: REGIONAL OUTLOOK

6.1 North America
  6.1.1 North America Fiber Optics Market, by Type, 2017 - 2030
  6.1.2 North America Fiber Optics Market, by Application, 2017 - 2030
  6.1.3 U.S.
    6.1.3.1 U.S. Fiber Optics Market, by Type, 2017 - 2030
    6.1.3.2 U.S. Fiber Optics Market, by Application, 2017 - 2030
  6.1.4 Canada
    6.1.4.1 Canada Fiber Optics Market, by Type, 2017 - 2030
    6.1.4.2 Canada Fiber Optics Market, by Application, 2017 - 2030
  6.1.5 Mexico
    6.1.5.1 Mexico Fiber Optics Market, by Type, 2017 - 2030
    6.1.5.2 Mexico Fiber Optics Market, by Application, 2017 - 2030
6.2 Europe
  6.2.1 Europe Fiber Optics Market, by Type, 2017 - 2030
  6.2.2 Europe Fiber Optics Market, by Application, 2017 - 2030
  6.2.3 Germany
    6.2.3.1 Germany Fiber Optics Market, by Type, 2017 - 2030
    6.2.3.2 Germany Fiber Optics Market, by Application, 2017 - 2030
  6.2.4 U.K.
    6.2.4.1 U.K. Fiber Optics Market, by Type, 2017 - 2030
    6.2.4.2 U.K. Fiber Optics Market, by Application, 2017 - 2030
  6.2.5 France
    6.2.5.1 France Fiber Optics Market, by Type, 2017 - 2030
    6.2.5.2 France Fiber Optics Market, by Application, 2017 - 2030
6.3 Asia Pacific
  6.3.1 Asia Pacific Fiber Optics Market, by Type, 2017 - 2030
  6.3.2 Asia Pacific Fiber Optics Market, by Application, 2017 - 2030
  6.3.3 China
    6.3.3.1 China Fiber Optics Market, by Type, 2017 - 2030
    6.3.3.2 China Fiber Optics Market, by Application, 2017 - 2030
  6.3.4 Japan
    6.3.4.1 Japan Fiber Optics Market, by Type, 2017 - 2030
    6.3.4.2 Japan Fiber Optics Market, by Application, 2017 - 2030
  6.3.5 India
    6.3.5.1 India Fiber Optics Market, by Type, 2017 - 2030
    6.3.5.2 India Fiber Optics Market, by Application, 2017 - 2030
6.4 South America
  6.4.1 South America Fiber Optics Market, by Type, 2017 - 2030
  6.4.2 South America Fiber Optics Market, by Application, 2017 - 2030
  6.4.3 Brazil
    6.4.3.1 Brazil Fiber Optics Market, by Type, 2017 - 2030
    6.4.3.2 Brazil Fiber Optics Market, by Application, 2017 - 2030
6.5 MEA
  6.5.1 MEA Fiber Optics Market, by Type, 2017 - 2030
  6.5.2 MEA Fiber Optics Market, by Application, 2017 - 2030

CHAPTER 7 COMPETITIVE LANDSCAPE

7.1 AFL
  7.1.1 Company Overview
  7.1.2 Financial Performance
  7.1.3 Product Benchmarking
  7.1.4 Recent Developments
7.2 Birla Furukawa Fiber Optics Limited
  7.2.1 Company Overview
  7.2.2 Financial Performance
  7.2.3 Product Benchmarking
  7.2.4 Recent Developments
7.3 Corning Incorporated
  7.3.1 Company Overview
  7.3.2 Financial Performance
  7.3.3 Product Benchmarking
  7.3.4 Recent Developments
7.4 Finolex Cables Limited
  7.4.1 Company Overview
  7.4.2 Financial Performance
  7.4.3 Product Benchmarking
  7.4.4 Recent Developments
7.5 OFS Fitel, LLC
  7.5.1 Company Overview
  7.5.2 Financial Performance
  7.5.3 Product Benchmarking
  7.5.4 Recent Developments
7.6 Optical Cable Corporation (OCC)
  7.6.1 Company Overview
  7.6.2 Financial Performance
  7.6.3 Product Benchmarking
  7.6.4 Recent Developments
7.7 Prysmian Group
  7.7.1 Company Overview
  7.7.2 Financial Performance
  7.7.3 Product Benchmarking
  7.7.4 Recent Developments
7.8 Sterlite Technologies Limited
  7.8.1 Company Overview
  7.8.2 Financial Performance
  7.8.3 Product Benchmarking
  7.8.4 Recent Developments
7.9 Yangtze Optical Fibre and Cable Joint Stock Limited Company(YOFC)
  7.6.1 Company Overview
  7.6.2 Financial Performance
  7.6.3 Product Benchmarking
  7.6.4 Recent Developments
LIST OF TABLES

Table 1 Fiber Optics Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
Table 2 Global Fiber Optics Market, 2017 - 2030 (USD Million)
Table 3 Global Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 4 Global Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 5 Global Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 6 Key Market Driver Impact
Table 7 Key Market Restraint Impact
Table 8 Key Market Opportunity Impact
Table 9 List of Key Market Players
Table 10 Single-Mode Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 11 Multi-Mode Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 12 Plastic Optical Fiber Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 13 Telecom Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 14 Oil & Gas Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 15 BFSI Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 16 Medical Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 17 Railway Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 18 Others Fiber Optics Market, by Region, 2017 - 2030 (USD Million)
Table 19 North America Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 20 North America Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 21 U.S. Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 22 U.S. Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 23 Canada Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 24 Canada Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 25 Mexico Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 26 Mexico Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 27 Europe Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 28 Europe Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 29 Germany Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 30 Germany Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 31 U.K. Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 32 U.K. Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 33 France Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 34 France Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 35 Asia Pacific Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 36 Asia Pacific Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 37 China Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 38 China Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 39 Japan Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 40 Japan Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 41 India Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 42 India Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 43 South America Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 44 South America Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 45 Brazil Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 46 Brazil Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
Table 47 MEA Fiber Optics Market, by Type, 2017 - 2030 (USD Million)
Table 48 MEA Fiber Optics Market, by Application, 2017 - 2030 (USD Million)
LIST OF FIGURES

Fig. 1 Research Process
Fig. 2 Market Formulation
Fig. 3 Market Segmentation and Scope
Fig. 4 Fiber Optics Market, 2017 - 2030
Fig. 5 Key Opportunities Analysis
Fig. 6 Fiber Optics - Value Chain Analysis
Fig. 7 Fiber Optics Market Dynamics
Fig. 8 Industry Analysis - Porter’s Five Forces Analysis
Fig. 6 Fiber Optics Market - Pest Analysis
Fig. 10 Fiber Optics Market Share by Type, 2022 & 2030
Fig. 11 Fiber Optics Market Share by Application, 2022 & 2030
Fig. 12 Fiber Optics Market Share by Region, 2022 & 2030
Fig. 13 North America Marketplace: Key Takeaways
Fig. 14 Europe Marketplace: Key Takeaways
Fig. 15 Asia Pacific Marketplace: Key Takeaways
Fig. 16 South America Marketplace: Key Takeaways
Fig. 17 MEA Marketplace: Key Takeaways


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