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Global Fiber Optics Market Share, Size, Analysis, Trends, Report, Forecast: By Mode: Single Mode, Multimode; By Type: Glass Optical Fiber, Plastic Optical Fiber; By Industry Vertical: Telecom and IT, Public Sector, Healthcare, Energy and Utilities, Aerospace and Defence, Manufacturing, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Fiber Optics Market Outlook
The global fiber optics market size attained a value of USD 8.82 billion in 2023. The market is further expected to grow at a CAGR of 8.30% between 2024 and 2032, reaching a value of USD 18.06 billion by 2032.
Key Trends in the Market
Fiber optics, also known as fibre optics, refer to a technology used to transmit information in the form of light pulses via fiber strands over long distances. This information is transmitted using a fiber optic cable which is made up of glass or plastic which are not affected by electromagnetic interference.
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- Rising applications of fiber optics across the healthcare sector, to enable repair of organs, diagnose joint problems, and to remove diseased tissues, is driving the fiber optics market growth. Increasing demand for fiber optics in endoscopes is further expanding the market for fiber optics.
- Increasing adoption of high-end electronic devices and equipment, such as LED televisions, is further expanding the market share of optical fiber in the global electrical and electronics sector. In addition, the increasing household demand for high-speed broadband services, owing to the emergence of work-from-home lifestyle, is providing impetus to the fiber optic cable market.
- Fiber optic technology is gaining traction in flight control systems, due to which the thriving aerospace and defence sector is anticipated to augment the market for fiber optics. Rising investments by emerging sovereign nations aimed towards increasing the induction of advanced fighter jets are likely to propel the demand for fiber optic technology, posing a lucrative fiber optics market opportunity.
Market Analysis
Based on mode, the market is segmented into single mode and multimode. On the basis of type, the market is classified into glass optical fiber and plastic optical fiber. By industry vertical, the market is categorised into telecom and IT, public sector, healthcare, energy and utilities, aerospace and defence, and manufacturing, among others. The regional markets for fiber optics are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global fiber optics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Corning Incorporated
- Coherent Corp.
- Prysmian S.p.A
- Sumitomo Electric Industries, Ltd
- Weinert Industries AG
- Furukawa Electric Co., Ltd.
- Sterlite Technologies Limited
- Yangtze Optical Fiber and Cable Joint Stock Limited Company
- Hengtong Group Co.,Ltd.
- Nexans SA
- Others
Global Fiber Optics Market Share by Type
The glass optical fiber segment, based on type, accounts for a healthy share of the market for fiber optics. Glass optical fibers support higher capacity of information transmission compared to plastic optical fibers, with low loss in the process. The glass optical fibers are ideal in corrosive or wet environments or low temperatures, have an excellent numerical aperture, and can transmit wide spectrum ranging from UV, visible, or even infrared light. Meanwhile, plastic optical fibers are anticipated to witness a decent growth in the forecast period, driven by their ability to withstand unstable environments. In addition, the lightweight nature of plastic optical fibers is a major advantage fuelling their adoption in modern electrical systems.
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Global Fiber Optics Market Share by Industry Vertical
Based on industry vertical, the telecom and IT segment accounts for a significant share of the market for fiber optics. Fiber optics are widely used in the telecom and IT sector to transmit telephone signals, set-up internet communication networks, and to facilitate the management of television cable signals. In addition, the transition from traditional metallic cables towards fiber optics in the telecom and IT sector has made possible some critical developments and advancements in technology. Moreover, fiber optics enable the construction of telecommunication networks over longer distances along with lower loss of transmission medium, which is further bolstering the growth of this segment.
Competitive Landscape
Corning Incorporated is a leading multinational technology company which manufactures glass, ceramics, and related materials for use in industrial and scientific applications. It was founded in 1851 and is headquartered in New York, United States.
Coherent Corp. is a global leader specialising in materials, networking, and lasers, catering to the demands of various sectors such as industrial, communication, electronic, and instrumentation, among others. The company was established in 1971 and is headquartered in Pennsylvania, United States.
Prysmian S.p.A is a leading manufacturing company which develops, designs, produces, distributes, and installs energy and telecommunication cables, with products such as asset monitoring system, network components, and optical fibers. Founded in 1879, Prysmian is based in Milan, Italy.
Other market players include Sumitomo Electric Industries, Ltd, Weinert Industries AG, Furukawa Electric Co., Ltd., Sterlite Technologies Limited, Yangtze Optical Fiber and Cable Joint Stock Limited Company, Hengtong Group Co.,Ltd., and Nexans SA, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Mode |
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| Breakup by Type |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fiber Optics Market Analysis
8.1 Key Industry Highlights
8.2 Global Fiber Optics Historical Market (2018-2023)
8.3 Global Fiber Optics Market Forecast (2024-2032)
8.4 Global Fiber Optics Market by Mode
8.4.1 Single Mode
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Multimode
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Fiber Optics Market by Type
8.5.1 Glass Optical Fiber
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Plastic Optical Fiber
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Fiber Optics Market by Industry Vertical
8.6.1 Telecom and IT
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Public Sector
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Healthcare
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Energy and Utilities
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Aerospace and Defence
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Manufacturing
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Fiber Optics Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Fiber Optics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fiber Optics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fiber Optics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fiber Optics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fiber Optics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Corning Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Coherent Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Prysmian S.p.A
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sumitomo Electric Industries, Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Weinert Industries AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Furukawa Electric Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Sterlite Technologies Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Yangtze Optical Fibre and Cable Joint Stock Limited Company
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hengtong Group Co.,Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Nexans SA
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fiber Optics Market: Key Industry Highlights, 2018 and 2032
2. Global Fiber Optics Historical Market: Breakup by Mode (USD Million), 2018-2023
3. Global Fiber Optics Market Forecast: Breakup by Mode (USD Million), 2024-2032
4. Global Fiber Optics Historical Market: Breakup by Type (USD Million), 2018-2023
5. Global Fiber Optics Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Global Fiber Optics Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
7. Global Fiber Optics Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
8. Global Fiber Optics Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Fiber Optics Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Fiber Optics Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Fiber Optics Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Fiber Optics Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Fiber Optics Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Fiber Optics Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Fiber Optics Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Fiber Optics Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Fiber Optics Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Fiber Optics Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Fiber Optics Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Fiber Optics Market Structure
Key Questions Answered in the Report
The market reached a value of USD 8.82 billion in 2023.
The market is estimated to grow at a CAGR of 8.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of USD 18.06 billion by 2032.
The heightening usage of fiber optic technology in the telecom and IT and healthcare sectors, increasing adoption of smart electronic equipment, and rising demand for broadband-based internet services are the major drivers of the market.
The key trends in the market include the increasing applications of fiber optics technology in flight control systems and technological advancements in telecommunications technology.
Single mode and multimode are the different modes of fiber optics in the market.
Glass optical fiber and plastic optical fiber are major types of fiber optics in the market.
Corning Incorporated, Coherent Corp., Prysmian S.p.A, Sumitomo Electric Industries, Ltd, Weinert Industries AG, Furukawa Electric Co., Ltd., Sterlite Technologies Limited, Yangtze Optical Fiber and Cable Joint Stock Limited Company, Hengtong Group Co.,Ltd., and Nexans SA, among others, are the key players in the fiber optics market, according to the report.
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