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Fiber Optics Market Size is Expected to Reach US$ 9.91 Billion by 2027

Growth Factors

Rising penetration of internet for supporting the growth of connected devices drives the demand for fiber optics prominently. Fiber optics is the backbone of internet, as they are used for transmitting information from one end to another. As per the International Telecommunication Union (ITU), 51.2% of the world’s population was using internet in the year 2018 and the projected rise in the number of internet users in 2018 was nearly 45%. In addition, IEA (International Energy Agency) has predicted that the number of internet users will surpass 5 Bn by 2025. Prominent growth in Internet of Things (IoT) and cloud-based services are the prime factors that proliferates the growth of internet users across the globe.

The global fiber optics market was valued at US$ 6.81 billion and expected to reach US$ 9.91 billion by 2027, with a compound annual growth rate (CAGR) of 4.6% during the forecast period 2020 to 2027. 

Besides this, increasing application of wireless devices and communication system may hinder the market growth. Low cost of installation along with non-interference of different frequencies propels the demand for wireless communication system across the world. Nonetheless, rising investment in the broadband network infrastructure FTTx anticipated to offer lucrative growth opportunities for the market in the coming years.

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Report Highlights

  • The Asia Pacific is the most promising region in the global fiber optics market with maximum revenue share in 2019 along with inclined growth during the forecast period. The supreme growth of the region is mainly due to significant investment on the development of network infrastructure. China, India, and Japan are some of the countries that invest significantly on the infrastructure development.
  • Multimode segment dominated the global fiber optics market in 2019 and expected to grow at a moderate rate during the forecast period. However, plastic optic fiber expected to offer the highest growth rate in the coming years owing to its cost-saving property and dynamic applications.
  • By application, telecommunication sector led the global fiber optics market in 2019 and projected to offer attractive growth opportunity in the near future. Significant investment on the deployment of broadband network architecture such as FTTx that includes FTTP, FTTH, FTTB, FTTC, and FTTN has prominently driven the market.
  • On the other hand, military & defense along with medical application sectors offer the fastest growth rate during the forecast period due to prominent deployment and investment for the fiber optical devices in the sector.

Scope of the Report

A new study on the global fiber optics market has been published by Precedence Research. It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global fiber optics market. The study offers valuable information about the global fiber optics market to illustrate how the market would grow during the forecast period 2020-2027. The report provides the value and volume of the global fiber optics market for the period 2020–2027, considering 2019 as the base year and 2027 as the forecast year. The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study.

Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in the study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global fiber optics market during the forecast period.

An extensive analysis on business strategies of leading market players is also featured in study on the global fiber optics market. This can help readers understand principal factors to foresee growth in the global fiber optics market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global market, which is expected to guide market players in making apt decisions in the future.

The report also delves into the competition landscape of the global fiber optics market. Key players operating in the global market have been identified, and each one of these has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players profiled in the global market report.

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Some of the prominent players in the fiber optics market include:

  • Optical Cable Corporation (OCC)
  • Corning Incorporated
  • OFS Fitel, LLC
  • Sterlite Technologies Limited
  • AFL
  • Prysmian Group
  • Finolex Cables Limited
  • Birla Furukawa Fiber Optics Limited
  • Yangtze Optical Fiber and Cable Co., Ltd. (YOFC)

Key Questions Answered in Fiber optics Market Study

- What are the key factors influencing the fiber optics market in each region?

- What will be the CAGR of the global fiber optics market between 2016 and 2027?

- What is the future scope and changing trends in technologies in the global fiber optics market?

- Which factors will impede the growth of the global fiber optics market during the forecast period?

- Which are the leading companies in the global fiber optics market?

- Which region is set to expand at the fastest CAGR during the forecast period?

- What is the volume (Units) of different fiber optics across all regions during the forecast period?

- Which segment will have the highest revenue globally in 2027 and which segment will expand at the fastest CAGR during the forecast period?

Research Methodology

A unique research methodology has been utilized by precedence research to conduct a comprehensive research on the growth of the global fiber optics market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global fiber optics market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from fiber optics industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making precedence research estimates on the future prospects of the global market more reliable and accurate.

Segmentation

By Product Type

  • Multimode
  • Single Mode
  • Plastic Optical Fiber

By Application

  • Military & Aerospace
    • Weapon System
    • Secure Communication
    • Surveillance System
    • UAV
    • Optical Computing
    • Military Vehicle Sensing
  • Oil & Gas
    • High Bandwidth Communications
    • Material Sensing
    • Others
  • BFSI
  • Railway
    • Speed Monitoring
    • Railway Maintenance
    • Dynamic Load Calculation
  • Telecom
  • Medical
    • Minimal Invasive Surgery
    • Biomedical Sensing
    • Imaging
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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Table of Content

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Fiber Optics Market, By Product

7.1. Fiber Optics Market, by Product Type, 2020-2027
7.1.1. Multimode
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Single Mode
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Plastic Optical Fiber
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Fiber Optics Market, By Application

8.1. Fiber Optics Market, by Application, 2020-2027
8.1.1. Military & Aerospace
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Oil & Gas
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. BFSI
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Railway
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Telecom
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Medical
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Fiber Optics Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. Optical Cable Corporation (OCC)
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Corning Incorporated
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. OFS Fitel, LLC
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Sterlite Technologies Limited
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. AFL
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Prysmian Group
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Finolex Cables Limited
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Birla Furukawa Fiber Optics Limited
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Yangtze Optical Fiber and Cable Co., Ltd. (YOFC)
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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