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Global Optical Fibre Market: By Fibre Type: Glass, Plastics; By Cable Type: Single Mode, Multi Mode; By Application: Telecom, Oil and Gas, Military and Aerospace, Medical, BFSI, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Optical Fibre Market Outlook
The global optical fibre market attained a value of nearly USD 7.4 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 15% to reach approximately USD 17.7 billion by 2026.
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Rising Demand for Faster Internet Connectivity Boosting the Growth of the Optical Fibre Industry
Optical fibres ease the communication and transmission of data, due to which they are extensively used in various applications, such as telecommunication, broadband, and data networking. Moreover, they are cost-effective and are the most secure option for the transmission of sensitive data. The rising demand for secure and fast internet connection in both the domestic and industrial sectors is augmenting the market growth. The surging internet penetration and smartphone ownership are increasing data traffic, consequently increasing the use of optical fibre with infinite bandwidth, hence catalysing the market growth. Moreover, the rising popularity of submarine infrastructure is leading to the growing use of cost-effective and durable optical fibres, therefore fuelling the market growth.
The introduction of favourable government policies in various developing countries is invigorating the market growth. Governments of various countries are rolling out optical fibres to promote digitisation and provide internet connectivity to people in remote areas. For instance, the Indian government plans to connect each village through optical fibres within three years to promote digitisation. Further, the German government is rolling 60,000 kilometres of optical fibre cable for superfast internet. Such initiatives are increasing the demand for optical fibre cable, therefore boosting the market growth. Moreover, the rising developments in telecommunication in the Middle East and Africa and the surging demand for high connectivity internet in the region are further propelling the market growth.
Optical Fibre: Market Segmentation
Optical fibre is a fibre that is made of silica or plastic that is used to transmit light between the two ends of fibre. It uses the internal reflection of light and consumes less power than traditional fibres. Moreover, it posits several other benefits, including reliability, great bandwidth, faster speed, and cost-effectiveness, due to which it is widely used instead of copper fibre.
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The major fibre types of optical fibre are:
- Glass
- Plastics
The market can be broadly categorised on the basis of its cable types into:
- Single Mode
- Multi Mode
Based on the applications, the industry is divided into:
- Telecom
- Oil and Gas
- Military and Aerospace
- Medical
- BFSI
- Others
The EMR report looks into the regional markets of optical fibre like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technological Advancements Such as 5G Network and Internet of Things (IoT) to Bolster the Market for Optical Fibre
The indispensable demand for optical fibres in the 5G network is aiding the market growth. 5G, which is crucial in future technology, can provide enhanced mobile networks and ultra-reliable low-latency communications, which uses fibre optics to transmit signals. This is expected to aid the market growth. Technological advancements and innovations, along with the rising demand for faster and more efficient networks, are leading to the development of superior optical fibres. Latest communication trends such as all-optical networks, which allow data transmission without electric procession resulting in farther transmission distance, are expected to bolster the market growth. Moreover, the development of advanced technologies such as orbital angular momentum (OAM), which has the potential to increase transmission speed by 100 times, is also anticipated to provide further impetus to the market growth.
The Internet of things (IoT) is being increasingly used in Industry 4.0 and major industrial applications. This, in turn, is increasing the demand for optical fibre cables to simplify data traction, reduce the cost of logistics, and enhance the security parameter, which is further augmenting the market growth. Additionally, the development of smart cities is becoming more prominent in both developed and developing countries owing to increasing investments. Optical fibres are crucial in various smart city applications, such as smart grid, smart sensor, and smart health, to provide ultra-broadband and low latency communication, hence invigorating the market growth.
Key Industry Players in the Global Optical Fibre Market
The report presents a detailed analysis of the following key players in the global optical fibre market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Corning Incorporated
- Prysmian Group
- Sumitomo Electric Industries, Ltd.
- General Cable Technologies Corporation
- Fujikura Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Fiber Type, Cable Type, Application, Regions |
| Breakup by Fiber Type | Glass, Plastics |
| Breakup by Cable Type | Single Mode, Multi Mode |
| Breakup by Application | Telecom, Oil and Gas, Military and Aerospace, Medical, BFSI, Others |
| Breakup by Regions | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Corning Incorporated, Prysmian Group, Sumitomo Electric Industries, Ltd., General Cable Technologies Corporation, Fujikura Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Optical Fiber Market Analysis
8.1 Key Industry Highlights
8.2 Global Optical Fiber Historical Market (2018-2022)
8.3 Global Optical Fiber Market Forecast (2023-2028)
8.4 Global Optical Fiber Market by Fiber Type
8.4.1 Glass
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Plastics
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Optical Fiber Market by Cable Type
8.5.1 Single Mode
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Multi Mode
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Optical Fiber Market by Application
8.6.1 Telecom
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Oil and Gas
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Military and Aerospace
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Medical
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 BFSI
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Optical Fiber Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Optical Fiber Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Optical Fiber Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Optical Fiber Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Optical Fiber Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Optical Fiber Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Corning Incorporated
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Prysmian Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sumitomo Electric Industries, Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 General Cable Technologies Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Fujikura Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Optical Fiber Market: Key Industry Highlights, 2018 and 2028
2. Global Optical Fiber Historical Market: Breakup by Fiber Type (USD Billion), 2018-2022
3. Global Optical Fiber Market Forecast: Breakup by Fiber Type (USD Billion), 2023-2028
4. Global Optical Fiber Historical Market: Breakup by Cable Type (USD Billion), 2018-2022
5. Global Optical Fiber Market Forecast: Breakup by Cable Type (USD Billion), 2023-2028
6. Global Optical Fiber Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Optical Fiber Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Optical Fiber Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Optical Fiber Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Optical Fiber Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Optical Fiber Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Optical Fiber Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Optical Fiber Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Optical Fiber Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Optical Fiber Market Structure
Key Questions Answered in the Report
In 2020, the global optical fibre market attained a value of nearly USD 7.4 billion.
The market is projected to grow at a CAGR of 15% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 17.7 billion by 2026.
The industry is being aided by the rising demand for faster internet connectivity and various favourable government initiatives to provide secure internet connection.
The market is expected to be driven by trends like technological advancements and innovations, industrial 4.0, and the development of smart cities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major fibre types of optical fibre in the industry are glass and plastics.
The dominant cable types are single mode and multi mode.
The significant applications of optical fibre are telecom, oil and gas, military and aerospace, medical, and BFSI, among others.
The major players in the industry are Corning Incorporated, Prysmian Group, Sumitomo Electric Industries, Ltd., General Cable Technologies Corporation, and Fujikura Ltd., among others.
Analyst Review
The global optical fibre market attained a value of USD 7.4 billion in 2020, driven by the rising demand for fast and secure internet connectivity. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 15%. The market is projected to reach USD 17.7 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its fibre types, the optical fibre industry can be segmented into glass and plastic. On the basis of cable type, the industry is divided into single mode and multi mode. By application, the market can be classified into telecom, oil and gas, military and aerospace, medical, and BFSI, among others. The major regional markets for optical fibre are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Corning Incorporated, Prysmian Group, Sumitomo Electric Industries, Ltd., General Cable Technologies Corporation, and Fujikura Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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