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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 (2016-2026); 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 2021-2026 at a CAGR of 15% to reach approximately USD 17.7 billion by 2026.

 

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.

 

Optical Fibre Market

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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: Industry Definition and 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.

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.

 

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 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Optical Fiber Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Optical Fiber Historical Market (2016-2020) 
    8.3    Global Optical Fiber Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Plastics
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Multi Mode
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Optical Fiber Market by Application
        8.6.1    Telecom
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Oil and Gas
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Military and Aerospace
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Medical
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    BFSI
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Others
    8.7    Global Optical Fiber Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Corning Incorporated
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Prysmian Group
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Sumitomo Electric Industries, Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    General Cable Technologies Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Fujikura Ltd.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Optical Fiber Market: Key Industry Highlights, 2016 and 2026
2.    Global Optical Fiber Historical Market: Breakup by Fiber Type (USD Billion), 2016-2020
3.    Global Optical Fiber Market Forecast: Breakup by Fiber Type (USD Billion), 2021-2026
4.    Global Optical Fiber Historical Market: Breakup by Cable Type (USD Billion), 2016-2020
5.    Global Optical Fiber Market Forecast: Breakup by Cable Type (USD Billion), 2021-2026
6.    Global Optical Fiber Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Optical Fiber Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Optical Fiber Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Optical Fiber Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Optical Fiber Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Optical Fiber Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Optical Fiber Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Optical Fiber Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Optical Fiber Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Optical Fiber Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 2021-2026 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 2021-2026, 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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