Global Fiber Optics Components Market was valued at USD 178.82 Bn in 2022 and is expected to reach USD 364.29 Bn by 2029, at a CAGR of 10.7 %.Global Fiber Optics Components Market Overview
A vast amount of information is conveyed across the internet each day, with information forms such as multimedia and video on the rise. The result is a need for a communication infrastructure such as optic cables that can handle vast quantities of data and deliver this effectively on a global scale. Fiber optic cables are essential within a 5G network infrastructure. As fiber optic technology has advanced, several use cases have been identified across various industries. The medical industry has traditionally utilized fiber optics for illumination, image transfer, and laser signal delivery. In the Aerospace sector, fiber optics are increasingly looked to as the solution for increasing commercial flights' connectivity. The use of light within fiber optic cables offers several security benefits compared to a traditional copper cable. This is why they are increasingly favored in today’s world, as there is a greater focus than ever before on protecting sensitive data. The global demand for higher internet bandwidth is presenting lucrative opportunities for fiber optic cable vendors, encouraging market growth, as, according to Equinix, the total global interconnection bandwidth is projected to increase from 1,144 terabits per second.To know about the Research Methodology :- Request Free Sample Report
Global Fiber Optics Components Market Dynamics
Fiber Optic Cables to Dominate the Market As the internet continues to expand at an exponential rate, so does the demand for increased bandwidth. The global demand for higher internet bandwidth is presenting lucrative opportunities for the fibre optic cable vendors, encouraging the market growth, as, according to Equinix, by 2020, the total global interconnection bandwidth is projected to increase from 1,144 terabits per second in 2016 to 4,991 terabits per second by 2020. According to ITU in 2019, the number of internet users worldwide was 4.13 billion, up from 3.92 billion in the previous year. A vast amount of information is conveyed across the internet each day, with information forms such as multimedia and video on the rise. The result is a need for a communication infrastructure such as fibre optic cables that can handle vast quantities of data and deliver this effectively on a global scale. The use of light within fibre optic cables offers several security benefits compared to a traditional copper cable. This is why they are increasingly favoured in today’s world, as there is a greater focus than ever before on protecting sensitive data. A survey by Norton LifeLock Inc. says that over 90% of global online users had at least one significant concern about data privacy, 47% of respondents were worried about their personal information, and an additional 40% of worldwide respondents stated discomfort about sensitive personal information being sold to third parties. Fiber optic cables are essential within a 5G network infrastructure. To achieve a real 5G revolution, fibre optic cables are essential. 5G is based on a small cell model that brings connectivity closer to the end-user. This short-cell model requires a crucial fibre optic cable backbone to deliver a cohesive internet experience. According to GSMA, the number of 5G connections is projected to grow to 1.1 billion by 2025 globally, and as per the same source, 5G connections will account for around 50% of total mobile connections in developed Asia in 2025. Ericsson’s stats say that in 2020 the number of 5G mobile subscriptions is forecast to rise to around 18 million in North America. Recognizing all these growth and advancements in 5G connections and its network infrastructure, the market for fiber optic cables is expected to boost. As fiber optic technology has advanced, several use cases have been identified across various industries. The medical industry has traditionally utilized fibre optics for illumination, image transfer, and laser signal delivery. In the Aerospace sector, fibre optics are increasingly looked to as the solution for increasing commercial flights connectivityGlobal Fiber Optics Components Market Segment Analysis
By Type, Fiber optic cables are essential within a 5G network infrastructure. To achieve a real 5G revolution, fiber optic cables are essential. 5G is based on a small cell model that brings connectivity closer to the end-user. This short-cell model requires a crucial fiber optic cable backbone to deliver a cohesive internet experience. Recognizing all these growth and advancements in 5G connections and its network infrastructure, the market for fiber optic cables is expected to boost. As fiber optic technology has advanced, several use cases have been identified across various industries. The medical industry has traditionally utilized fiber optics for illumination, image transfer, and laser signal delivery. In the Aerospace sector, fiber optics are increasingly looked to as the solution for increasing commercial flights' connectivity. By Application, The communications segment was the largest market in 2022, contributing to nearly three-fifths of the global fiber optic component market, and is expected to maintain its leadership status during the forecast period. Manufacturers of optical transceivers are placing a greater emphasis on research and development in order to support various applications in the metro network, data center interconnect long-haul applications, and other areas that call for optical transceivers to be compatible with the intricate network.Regional Global Fiber Optics Components Market Analysis
Asia-Pacific hold the largest market share in 2022 and is expected to sustain its position at a CAGR over the forecast period. The growing industrialization and infrastructural advancement in this area have given immense opportunities to apply fiber optic components in multiple applications in APAC. Additionally, the increasing use of fiber optics in the medical sector presents growth across countries, such as China, Japan, and India. This is propelling the overall demand at a significant rate. Additionally, the growth in demand for fiber optic components in the Asia Pacific is mainly driven by the substantial growth opportunities available, supported by the growing number of fixed broadband subscribers in the regions. Also, increasing demand for larger bandwidth for faster network connectivity and massive untapped opportunities offered by the vast population base in the Asia Pacific is further fuelling the fiber optic component market. According to Internet World Stats, geographic analysis of the audience found that China accounted for 37.1% of internet users in Asia as of May 2020, followed by India with 24.3%. China's internet penetration reached 58.4% in that year. Moreover, as per World Bank stats, in 2020, Southeast Asia was the region throughout the Asia Pacific, which had the highest internet penetration, in which 66% of the total Southeast Asian population used the internet. In comparison, internet penetration in South Asia was 48% in 2020. Many governments of developed nations, like China and Japan, are investing in high-speed networks and are quickly transitioning from traditional networks to high-speed FTTH (Fiber to the home) networks. Thus, the liberalization of regulatory systems and support from governments for digitization push is poised to benefit the fiber optic component market growth.Competitive Analysis
The Fiber Optic Component Market is fragmented, and the major players have adopted several strategies such as expansions, agreements, new product launches, joint ventures, partnerships, and acquisitions, among others, to enhance their footprints in this market to maintain in the long run. Players operating in the fiber optic components market are Lumentum Operations LLC, II-VI Incorporated, Broadcom Corporation, Sumitomo Electric Industries, Ltd., and Accelink Technologies Corporation, among others. April 2020 - Sumitomo Electric Industries, Ltd. announced that it has acquired Thunderbolt 3 certification for its new active optical cables (AOCs) from Intel Corporation, the company that established the Thunderbolt 3 standard. Sumitomo Electric developed 40 Gbps Thunderbolt 3 AOCs for high-speed transmission to meet the needs for long-distance transmission. Feb 2020 - Infinera and Lumentum Holdings Inc. (Lumentum), announced a collaboration to bring to market XR optics-based networking solutions. Featuring the industry’s first point-to-multipoint coherent optical aggregation technology, XR optics is designed to disrupt optical networking economics by enabling new transport architectures.Fiber Optics Components Market Scope: Inquire before buying
Fiber Optics Components Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 178.82 Bn. Forecast Period 2023 to 2029 CAGR: 10.7% Market Size in 2029: US $ 364.29 Bn. Segments Covered: by Type Cables Amplifiers Active Optical Cables Splitters Connectors Transceivers Other Types by Application Distributed Sensing Communications Analytical and Medical Equipment Lighting Global Fiber Optics Components Market, by Region
North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC) Middle East & Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)Fiber Optics Key players are:
1. AFL 2. Birla Furukawa Fiber Optics Limited 3. Corning Incorporated 4. Finolex Cables Limited 5. Molex, LLC 6. OFS Fitel, LLC 7. Optical Cable Corporation (OCC) 8. Prysmian Group 9. Sterlite Technologies Limited 10. Yangtze Optical Fiber and Cable Joint Stock Limited Company (YOFC)Frequently Asked Questions:
1] What is the growth rate of the Global Fiber Optics Components Market? Ans. The Global Fiber Optics Components Market is growing at a significant rate of 10.7% during the forecast period. 2] Which region is expected to dominate the Global Fiber Optics Components Market? Ans. Asia Pacific is expected to hold the Global Fiber Optics Components Market growth potential over the forecast period. 3] What is the expected Global Fiber Optics Components Market size by 2029? Ans. The Global Fiber Optics Components Market size is expected to reach USD 364.29 Bn by 2029. 4] Which are the top players in the Global Fiber Optics Components Market? Ans. The major top players in the Global Global Fiber Optics Components Market are II-VI Incorporated, Broadcom Corporation, and Sumitomo Electric Industries, Ltd. and others.
1. Fiber Optics Components Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Fiber Optics Components Market: Dynamics 2.1. Fiber Optics Components Market Trends by Region 2.1.1. North America Fiber Optics Components Market Trends 2.1.2. Europe Fiber Optics Components Market Trends 2.1.3. Asia Pacific Fiber Optics Components Market Trends 2.1.4. Middle East and Africa Fiber Optics Components Market Trends 2.1.5. South America Fiber Optics Components Market Trends 2.2. Fiber Optics Components Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Fiber Optics Components Market Drivers 2.2.1.2. North America Fiber Optics Components Market Restraints 2.2.1.3. North America Fiber Optics Components Market Opportunities 2.2.1.4. North America Fiber Optics Components Market Challenges 2.2.2. Europe 2.2.2.1. Europe Fiber Optics Components Market Drivers 2.2.2.2. Europe Fiber Optics Components Market Restraints 2.2.2.3. Europe Fiber Optics Components Market Opportunities 2.2.2.4. Europe Fiber Optics Components Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Fiber Optics Components Market Drivers 2.2.3.2. Asia Pacific Fiber Optics Components Market Restraints 2.2.3.3. Asia Pacific Fiber Optics Components Market Opportunities 2.2.3.4. Asia Pacific Fiber Optics Components Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Fiber Optics Components Market Drivers 2.2.4.2. Middle East and Africa Fiber Optics Components Market Restraints 2.2.4.3. Middle East and Africa Fiber Optics Components Market Opportunities 2.2.4.4. Middle East and Africa Fiber Optics Components Market Challenges 2.2.5. South America 2.2.5.1. South America Fiber Optics Components Market Drivers 2.2.5.2. South America Fiber Optics Components Market Restraints 2.2.5.3. South America Fiber Optics Components Market Opportunities 2.2.5.4. South America Fiber Optics Components Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Fiber Optics Components Industry 2.8. Analysis of Government Schemes and Initiatives For Fiber Optics Components Industry 2.9. Fiber Optics Components Market Trade Analysis 2.10. The Global Pandemic Impact on Fiber Optics Components Market 3. Fiber Optics Components Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 3.1.1. Cables 3.1.2. Amplifiers 3.1.3. Active Optical Cables 3.1.4. Splitters 3.1.5. Connectors 3.1.6. Transceivers 3.1.7. Other Types 3.2. Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 3.2.1. Distributed Sensing 3.2.2. Communications 3.2.3. Analytical and Medical Equipment 3.2.4. Lighting 3.3. Fiber Optics Components Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Fiber Optics Components Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 4.1.1. Cables 4.1.2. Amplifiers 4.1.3. Active Optical Cables 4.1.4. Splitters 4.1.5. Connectors 4.1.6. Transceivers 4.1.7. Other Types 4.2. North America Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 4.2.1. Distributed Sensing 4.2.2. Communications 4.2.3. Analytical and Medical Equipment 4.2.4. Lighting 4.3. North America Fiber Optics Components Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Cables 4.3.1.1.2. Amplifiers 4.3.1.1.3. Active Optical Cables 4.3.1.1.4. Splitters 4.3.1.1.5. Connectors 4.3.1.1.6. Transceivers 4.3.1.1.7. Other Types 4.3.1.2. United States Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Distributed Sensing 4.3.1.2.2. Communications 4.3.1.2.3. Analytical and Medical Equipment 4.3.1.2.4. Lighting 4.7.2. Canada 4.3.2.1. Canada Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Cables 4.3.2.1.2. Amplifiers 4.3.2.1.3. Active Optical Cables 4.3.2.1.4. Splitters 4.3.2.1.5. Connectors 4.3.2.1.6. Transceivers 4.3.2.1.7. Other Types 4.3.2.2. Canada Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Distributed Sensing 4.3.2.2.2. Communications 4.3.2.2.3. Analytical and Medical Equipment 4.3.2.2.4. Lighting 4.7.3. Mexico 4.3.3.1. Mexico Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Cables 4.3.3.1.2. Amplifiers 4.3.3.1.3. Active Optical Cables 4.3.3.1.4. Splitters 4.3.3.1.5. Connectors 4.3.3.1.6. Transceivers 4.3.3.1.7. Other Types 4.3.3.2. Mexico Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Distributed Sensing 4.3.3.2.2. Communications 4.3.3.2.3. Analytical and Medical Equipment 4.3.3.2.4. Lighting 5. Europe Fiber Optics Components Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.2. Europe Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 5.3. Europe Fiber Optics Components Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Fiber Optics Components Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.7. Asia Pacific Fiber Optics Components Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Fiber Optics Components Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 7.7. Middle East and Africa Fiber Optics Components Market Size and Forecast, by Country (2022-2029) 7.7.1. South Africa 7.3.1.1. South Africa Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 7.7.2. GCC 7.3.2.1. GCC Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 7.7.3. Nigeria 7.3.3.1. Nigeria Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 8. South America Fiber Optics Components Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 8.2. South America Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 8.7. South America Fiber Optics Components Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Fiber Optics Components Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Fiber Optics Components Market Size and Forecast, by Application (2022-2029) 9. Global Fiber Optics Components Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Fiber Optics Components Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. AFL 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Birla Furukawa Fiber Optics Limited 10.3. Corning Incorporated 10.4. Finolex Cables Limited 10.5. Molex, LLC 10.6. OFS Fitel, LLC 10.7. Optical Cable Corporation (OCC) 10.8. Prysmian Group 10.9. Sterlite Technologies Limited 10.10. Yangtze Optical Fiber and Cable Joint Stock Limited Company (YOFC) 11. Key Findings 12. Industry Recommendations 13. Fiber Optics Components Market: Research Methodology 14. Terms and Glossary