Fiber Optics Market was estimated at USD 3,897 Million in 2019 and is expected to grow at a CAGR of 9.4% during forecast period.

An optical Fiber refers to a flexible and transparent Fiber made up of glass or plastic. It has a diameter slightly thicker than a human hair and is arranged in bundles known as optical cables. Fiber optics cable is used to transmit information from one end to another end of cable using an optical (light-based) technology. It uses glass or plastic which makes it capable to transmit signal to long distance with minimum loss due to unaffected electromagnetic interference. The global market for fiber optics has been categorized into single mode and multi-mode on the basis of cable type.

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The major factors that are driving the growth of the Global Fiber Optics market include the increasing demand of internet across the globe and the growing need for FTTx (Fiber to the X). The growing number of internet user worldwide and the increasing need for high bandwidth communication to transmit heavy data such as videos and images, is further accelerating the growing demand of the market. Growing need for high speed internet in the telecommunications and IT sector will have a positive impact on the market in the upcoming years.

In addition, the continuous technological advancement in telecommunication sector, is expected to rise the deployment of broadband network architectures, thereby boosting the growth of the market. Moreover, telecommunication industry in Middle East & Africa is growing rapidly due to rising investment in infrastructure in this region. The increasing number of internet-based devices, growing data connectivity demand and rising number of subscribers will boost telecommunication industry in this region, which is further encouraging the market growth. However, rising wireless communication system is a major factor restraining the growth of the market.

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Based on Fiber Type, the glass segment is expected to grow at a higher CAGR in the market during the forecast period owing to the growing demand from several applications and easy availability and better performance of the glass Fiber optics.

Based on the Application, the communication segment is expected to grow at a higher CAGR during the forecast period due to the growing number of internet user across the world coupled with the growth in utility, telecom, and industrial sector. Moreover, large base of population in China and India which is driving telecom industry in this region, that leads to rise the growth of the market.

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Based on the region, Asia-Pacific is anticipated to lead the global Fiber Optics market during the forecast period owing to the increasing industrialization and infrastructural development that offer various growth opportunities for the use of Fiber optics in various applications. In addition to this, the presence of highly populated countries such as China and India in this region and growing number of internet user is further propelling market growth.

The major key players in the market include Corning Incorporated, LS Cable & System, Prysmian Group, Sterlite Technologies Limited, Ii-Vi Incorporated, Leoni AG, Sumitomo Electric Industries, Ltd (Sei), Optical Cable Corporation, Fujikura Limited, Yangtze Optical Fiber And Cable Co., Ltd. Furukawa Electric Co. Ltd. among others.

The Global Fiber Optics market has been segmented based on the Fiber Type, Type, Application, and Key region. Based on Fiber Type, the market is segmented into Glass and Plastic. Based on Cable Type, the market is segmented into Single Mode and Multi-Mode. Based on Application, the market is segmented into Communication and Non-communication. The Communication market is further segmented into Telecom, Premises, Utility, Cable Antenna, Television (CATV), Industrial, Military, and Others. The Non-communication market is further segmented into Sensors, and Fiber Optics Lighting.

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Key questions answered in this research report:

• • At what pace is the Global Fiber Optics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Global Fiber Optics market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Fiber Optics market?
  • What are the various application of the Global Fiber Optics market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • Which Fiber type generated maximum revenues in 2019 and identify the most promising Fiber type during the forecast period?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 3,897 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Fiber Type, By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Corning Incorporated, LS Cable & System, Prysmian Group, Sterlite Technologies Limited, Ii-Vi Incorporated, Leoni AG, among others, a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

 

Market Segmentation

Global Fiber Optics Market by Fiber Type

• • Glass
  • Plastic

Global Fiber Optics Market by Cable Type

• • Single Mode
  • Multi-Mode

Global Fiber Optics Market by Application

• • Communication
    • Telecom
    • Premises
    • Utility
    • Cable Antenna
    • Television (CATV)
    • Industrial
    • Military
    • Others
  • Non-Communication
    • Sensors
    • Fiber Optics Lighting

Global Fiber Optics Market by Region

• • North America Fiber Optics Market
    (Option 1: As a part of the free 25% customization)
    • North America Market by Fiber Type
    • North America Market by Cable Type
    • North America Market by Application
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Fiber Optics Market
    (Option 2: As a part of the free 25% Customization)
    • Europe Market by Fiber Type
    • Europe Market by Cable Type
    • Europe Market by Application
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • Spain Market All-Up
    • France Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Fiber Optics Market
    (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Market by Fiber Type
    • Asia-Pacific Market by Cable Type
    • Asia-Pacific Market by Application
    • China Market All-Up
    • Japan Market All-Up
    • India Market All-Up
    • Rest of APAC Market All-Up
  • ROW Fiber Optics Market
    (Option 4: As a part of the free 25% Customization)
    • ROW Market by Fiber Type
    • ROW Market by Cable Type
    • ROW Market by Application
    • Brazil Market All-Up
    • Saudi Arabia Market All-Up
    • South Africa Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Corning Incorporated
  • LS Cable & System
  • Prysmian Group
  • Sterlite Technologies Limited
  • Ii-Vi Incorporated
  • Leoni AG
  • Sumitomo Electric Industries, Ltd (Sei)
  • Optical Cable Corporation
  • Fujikura Limited
  • Yangtze Optical Fiber And Cable Co., Ltd.
  • Furukawa Electric Co. Ltd.