Market Analysis
Fiber Optics Market Share was valued at USD 7.3 billion in 2021. The Fiber Optics market industry is projected to grow from USD 7.9 billion in 2022 to USD 3.3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2022 - 2030)
Fiber optics refers to the technology of transmitting information through the use of light to carry digital signals along thin, optically pure glass fibers or plastic fibers. These fibers are as thin as a human hair and packed together in cables, making it possible to transmit vast amounts of information over long distances. Fiber optic technology is widely used in telecommunications, cable television, medical equipment, and internet infrastructure.
Compared to traditional copper wiring, fiber optic cables offer faster and more reliable data transmission, higher bandwidth, and greater immunity to electromagnetic interference. Overall, fiber optics are an essential component in modern communication and information technologies.
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Market Segmentation:
The MRFR report provides an inclusive segmental analysis of the global fiber optic market based on end users, applications, optical fiber type, and components.
By components, the global fiber optic market is segmented into amplifiers, transmitters and receivers, couplers, connectors, and others.
By optical fiber type, the global fiber optic market is segmented into plastics mode, multiple mode, and single-mode. Of these, the multiple mode segment will lead the market over the forecast period.
By applications, the global fiber optic market is segmented into sensors, premises, security, CATV, fiber optic lighting, and others.
By end users, the global fiber optic market is segmented into utilities, aerospace, military, and telecom and broadband. Of these, telecom and broadband segment will dominate the market over the forecast period.
Regional Analysis:
Based on the region, the global fiber optic market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. Use of latest technologies such as NFC and RFID, increasing use as a tag for optical fiber cables, presence of prominent companies, and its burgeoning demand from different sectors like utilities, aerospace, military, telecom and broadband, and others are adding to the global fiber optic market growth in the region.
The global fiber optic market in the APAC region is predicted to grow at a fast pace over the forecast period. Advances in the telecommunication sector and enhanced technology are adding to the global fiber optic market growth in the region.
The global fiber optic market in Europe is predicted to have sound growth over the forecast period.
The global fiber optic market in the RoW is predicted to have steady growth over the forecast period. Increasing awareness, the growing use of broadband technology, and surging demand for fiber optic are adding to the fiber optic market growth in the region.
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Key Players
Eminent contenders profiled in the global fiber optic market report include Extron Electronics (U.S.), TE Connectivity (Switzerland), L-com.com (U.S.), Geokon, Incorporated (U.S.), Pepperl+Fuchs (Germany), Avantes (U.S), Luna (U.S.), Anixter International (U.S), Molex Incorporated (U.S.), AFC Group (Australia), Birla Furukawa Fibre Optics (India), Corning INC. (U.S.), Infinera Corporation (U.S.), Prysmian Spa (Italy), Ofs Fitel, Llc (U.S.), Finolex Cable Limited (India), Fujikura Limited (Japan), Sterlite Technologies (India), and Optical Cable Corporation (U.S.), among others.
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