Overview

The global fiber optics market is projected to grow at a CAGR of 8.4% during the forecast period, 2020–2027.

Regional Analysis

The geographic analysis of the fiber optics market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Asia-Pacific accounted for the largest contributor to the fiber optics market. The regional market comprises China, Japan, India, South Korea, Australia, New Zealand, and the rest of Asia-Pacific. According to MRFR analysis, increasing investments in network infrastructure development and rapid industrialization drive the growth of the regional market.

The increasing purchasing power of the middle-income population is also expected to play a major role in driving the regional market growth. Furthermore, government initiatives and policies to connect their countries with optical fiber networks making high-speed internet services accessible to all, provide tremendous opportunities for the market to continues its rapid growth in the region.

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North America is the second contributor to the fiber optics market. The regional market comprises the US, Canada, and Mexico. According to MRFR analysis, the US is expected to account for the highest market share, followed by Canada and Mexico. While the demand has increased in the other parts of the world, the overall market has matured due to a steady CAGR over the years. Some of the factors responsible for the market's growth include growing demand for high-speed internet services among end-use verticals, including the aerospace industry. Moreover, the presence of established players such as Amphenol Corporation, Finisar, Corning Optical Communications, Diamond SA, Molex LLC, Nufern Inc., OFS Optics, and Optical Cable Corporation is one of the factors driving the growth of the fiber optics market in this region.

Europe has been segmented into the UK, France, Germany, Italy, Russia, and the rest of Europe. According to MRFR analysis, the UK is expected to gain the highest market share, followed by Germany, France, and the rest of Europe. Europe is expected to register steady growth in the fiber optics market during the forecast period owing to the rising adoption of FTTX networks and increasing demand for high-speed Internet services. Similar to North America, Europe’s fiber optics market has matured with a steady CAGR over the years.

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The market for fiber optics in the Middle East & Africa is expected to witness significant growth. It is estimated to reach USD 1,672.1 million by 2026 with a compound annual growth rate (CAGR) of 9.1% during the forecast period, 2020–2026. The growing telecommunications industry is the largest end-use vertical of fiber optics in the Middle East & Africa region as optical fiber cable has become the main medium for data transmission. The industry is growing rapidly due to the increasing use of mobile devices and related bandwidth connectivity. Additionally, the number of connected devices is increasing continuously, with the expansion of device utilization and connectivity

The increasing penetration of mobile devices and rising demand for high-speed Internet services is triggering the growth of the fiber optics market in the region. One of the major growth drivers is the massive high-speed network projects underway in the regions to serve the domestic market. Chile has been termed as one of the booming markets for fiber optics infrastructure in South America.

Competitive Analysis

The key players of the global fiber optics market include Alcatel Lucent (France), Amphenol Corporation (US), Finisar (US), Light Guide (Latvia), Ceram Optec (Germany), Corning Optical Communications (US), Diamond SA (US), Fibercore (UK), Sumitomo Electric (Japan), Laser Components (Germany), LEONI AG (Germany), Molex LLC (US), Nufern Inc. (US), OFS Optics (US), Optical Cable Corporation (US), and Yangtze Optical Fiber and Cable Co. Ltd (China).

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Segmental Analysis

The global fiber optics market is segmented based on mode type, application, and end-user.

Based on mode type, the fiber optics market has been segmented into single mode and multi-mode.

Based on application, the fiber optics market has been segmented into long-distance communication, submarine cable, FTTX, local mobile metro network, CATV, and other LAN.

Based on end-user, the fiber optics market has been segmented into telecom & broadband, industrial, military, utilities, aerospace, and other uses.

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