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The size of the worldwide fibre optics market was estimated to be USD 4.19 billion in 2022, and it is anticipated to increase to USD 8.12 billion by 2030, with a compound annual growth rate of 11.9%. The widespread use of optical fibre is a result of the expanding demand for a communication infrastructure network that is scalable, high-speed, and dependable. In comparison to copper wires of the same diameter, it is 10 times faster and can carry far more data.
Fibre optics, also referred to as optical fibre, is a technology that transmits data through a glass or plastic fibre using light pulses. Fibre optics is widely utilised in wide area networks (WANs), telecommunications, and data communication networks because to the many advantages it offers. Fibre optic is the most widely used fundamental communication infrastructure across all communication networks. Wide bandwidth, low attenuation, little cross-talk, exceptional security, and high reliability over long distances are the key benefits of fibre optic networks.
Driving Factors
The need for fibre optics is primarily being driven by rising internet usage and data traffic, an increase in the number of data centres around the world, and rising demand for higher bandwidth. In order to connect exceptionally secure and precisely timed fibre optic networks, the majority of connector manufacturing companies are expanding their production lines. Additionally, during the course of the forecast period, the market for fibre optic technology is anticipated to be driven by technological advancements in network connectivity and information transmission technologies.
In addition to fibre optics' growing use in communications over the past ten years, new fiber-optic technical advancements have produced high-quality, inexpensive optical fibres that can be used for chemical sensing applications. Additionally, the manufacturing and semiconductor industries are significantly growing the use of fibre optic sensors. Similar to other applications, sensor applications can be divided into three broad categories: industrial, medical, and military.
Restraining Factors
However, the market's expansion is being hampered by the high upfront purchase and installation costs. Multiple parts, such as optical cables, transmitters, and receivers, make up an optical fibre system. The installation of the network for underground and underwater linkages, which is one of the most expensive and time-consuming processes, is a labor-intensive task in the deployment of the entire system. Additionally, it is anticipated that the setup procedure for optical network deployment, which is a very expensive component, will restrain the growth of the fibre optics market throughout the projection period. The expanding use of wireless communication technologies over fibre infrastructure is another important restraining factor for fibre optics businesses.
Report Coverage
Global Fiber Optics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fiber Optics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fiber Optics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fiber Optics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fiber Optics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fiber Optics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Corning Incorporated, Optical Cable Corporation, Molex, LLC, Prysmian Group, Hengtong Group Co., Ltd., Fujikura Ltd., LEONI, Adtell Integration, Adtran, Inc., Cisco Systems, Inc., Sterlite Technologies Ltd., LS Cable & System Ltd., Sumitomo Electric Industries, Ltd., TongDing, Group Co., Ltd., Optiwave Systems, Inc., OFS Fitel, LLC, Finolex Cables Ltd., and among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Fiber Optics market based on the below-mentioned segments:
Global Fiber Optics Market, By Type
Global Fiber Optics market, By Application
Global Fiber Optics market, Regional Analysis
Fibre optics, also referred to as optical fibre, is a technology that transmits data through a glass or plastic fibre using light pulses. Fibre optics is widely utilised in wide area networks (WANs), telecommunications, and data communication networks because to the many advantages it offers. Fibre optic is the most widely used fundamental communication infrastructure across all communication networks. Wide bandwidth, low attenuation, little cross-talk, exceptional security, and high reliability over long distances are the key benefits of fibre optic networks.
Driving Factors
The need for fibre optics is primarily being driven by rising internet usage and data traffic, an increase in the number of data centres around the world, and rising demand for higher bandwidth. In order to connect exceptionally secure and precisely timed fibre optic networks, the majority of connector manufacturing companies are expanding their production lines. Additionally, during the course of the forecast period, the market for fibre optic technology is anticipated to be driven by technological advancements in network connectivity and information transmission technologies.
In addition to fibre optics' growing use in communications over the past ten years, new fiber-optic technical advancements have produced high-quality, inexpensive optical fibres that can be used for chemical sensing applications. Additionally, the manufacturing and semiconductor industries are significantly growing the use of fibre optic sensors. Similar to other applications, sensor applications can be divided into three broad categories: industrial, medical, and military.
Restraining Factors
However, the market's expansion is being hampered by the high upfront purchase and installation costs. Multiple parts, such as optical cables, transmitters, and receivers, make up an optical fibre system. The installation of the network for underground and underwater linkages, which is one of the most expensive and time-consuming processes, is a labor-intensive task in the deployment of the entire system. Additionally, it is anticipated that the setup procedure for optical network deployment, which is a very expensive component, will restrain the growth of the fibre optics market throughout the projection period. The expanding use of wireless communication technologies over fibre infrastructure is another important restraining factor for fibre optics businesses.
Report Coverage
Global Fiber Optics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fiber Optics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fiber Optics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fiber Optics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Corning Incorporated, Optical Cable Corporation, Molex, LLC, Prysmian Group, Hengtong Group Co., Ltd., Fujikura Ltd., LEONI, Adtell Integration, Adtran, Inc., Cisco Systems, Inc., Sterlite Technologies Ltd., LS Cable & System Ltd., Sumitomo Electric Industries, Ltd., TongDing, Group Co., Ltd., Optiwave Systems, Inc., OFS Fitel, LLC, Finolex Cables Ltd., and among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fiber Optics Market from 2021 to 2030.
- Market Forecast for Fiber Optics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fiber Optics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fiber Optics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fiber Optics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fiber Optics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Corning Incorporated, Optical Cable Corporation, Molex, LLC, Prysmian Group, Hengtong Group Co., Ltd., Fujikura Ltd., LEONI, Adtell Integration, Adtran, Inc., Cisco Systems, Inc., Sterlite Technologies Ltd., LS Cable & System Ltd., Sumitomo Electric Industries, Ltd., TongDing, Group Co., Ltd., Optiwave Systems, Inc., OFS Fitel, LLC, Finolex Cables Ltd., and among others.
Primary Target Market
- Market Players of Fiber Optics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Fiber Optics market based on the below-mentioned segments:
Global Fiber Optics Market, By Type
- Single mode
- Multi-mode
Global Fiber Optics market, By Application
- Utility
- Military & Aerospace
- Oil & Gas
- BFSI
- Railway
Global Fiber Optics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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