Optical Fiber Market By Mode (Single-Mode, and Multi-Mode). By Type (Plastic optical fiber, and Glass optical fiber). By Industry Vertical (Public Sector, Telecom & IT, Healthcare, Energy & Utilities, Aerospace & Defense, Manufacturing, and Others)

Optical Fiber Market Overview

 Optical Fiber Market was valued at USD 4,391.5 million in 2021 and is predicted to increase at a CAGR of 11.3% to USD 10,341.2 million by 2030

A fiber optic is a flexible, transparent fiber made of extruded glass (silica) or plastic that may function as a waveguide or "light pipe" to transfer light between two ends of the fiber. It is a cylindrical dielectric waveguide that uses total internal reflection to transport light along its axis. A transparent core is surrounded by a transparent cladding material with a lower index of refraction, through which light passes via total internal reflection in fiber optics. As a result of this phenomenon, the fiber acts as a waveguide. The global need for the internet, combined with the increasing requirement for FTTx, is the primary reason driving the expansion of the fiber optics business.

The growing demand for a dependable, high-speed, and scalable communication infrastructure network has resulted in the widespread use of optical fiber. Companies are always working to develop fiber network technologies in order to reduce optical distribution network (ODN) construction and operations and maintenance (O&M) costs. These efforts, as well as features such as high bandwidth optical fiber communication, are projected to support new technologies such as the Internet of Things (IoT) and 5G, among others.

Despite the fact that 5G is focused on wireless connections, fiber connectivity is likely to play a significant role in network architecture. Fiber connectivity has the capacity to handle the massive quantity of backhaul traffic generated by 5G.
 

Market Size

According to Business Intelligence Insights “Optical Fiber Market is expected to grow from USD 4,391.5 million in 2021 to USD 10,341.2 million by 2030, at a CAGR of 11.3% during the forecast period 2022-2030.

Covid -19 Impact Analysis

The Fiber Optic Industry Size was severely impacted by the COVID-19 epidemic, resulting in a massive windfall for the current fiber-optic network market. Since the COVID-19 viral outbreak in December 2020, the global effects of the coronavirus illness 2020 (COVID-19) are already being felt and will have a substantial influence on the 5G Fiber Optic Cable industry in 2020. COVID-19 has the potential to have three effects on the global economy: directly affecting production and demand, creating supply chain and market disruption, and having a financial impact on businesses and financial markets. The fiber optics supply chain is most concentrated in Wuhan, with Fiberhome, YOFC, and Accelink, among others, accounting for 25% of worldwide optical fiber manufacturing capacity. During the early stages of the COVID-19 epidemic, demand is typically low, although manufacturing continues at a reduced level.    
 

Market Dynamics

Global Optical Fiber Market: Market Dynamics

Drivers

• Widespread 5G deployment 
• Increased adoption of fiber-to-the-home (FTTH) connectivity

Restraints 

• High installation costs
• ​​​​​Increase in wireless communication system growth

Segmentation Insights

By Type

Glass optical fiber category dominated the market with a major share of the market share

Glass is the most prevalent fiber type in fiber optics because of its increasing demand in a variety of applications. The great performance and ease of availability of glass fiber optics drive the glass fiber optics market. Europe and North America have developed markets. Products in the glass fiber business must have high tensile strength and stiffness, low weight, high-temperature tolerance, and superior corrosion resistance. The physical and mechanical qualities of glass fiber market goods are similar to those of carbon fibers and polymers. Markets in APAC, the Middle East, and Africa, on the other hand, are expanding as a result of rapid industrialization in these regions.

 

By Industry Vertical 

Telecom & IT category dominated the market with a major share of the market share
 

Telecommunications is predicted to dominate the market during the projection period. The smart cities segment is expected to have the greatest CAGR in the near future. Fiber technology is likely to play a significant role in global telecommunications sector growth. Optical fiber's low attenuation and high bandwidth capacity make it ideal for gigabit transmission in communications infrastructure. Fiber connectivity is also used in SONAR and seismic waves, as well as wiring in submarines, planes, and vehicles, among other industrial uses. Similarly, financial institutions and large companies have begun to adopt fiber connections to secure their systems since optical fiber's security qualities give significant value to them.

 

Segmentation

By Mode 

• Single Mode 
• MultiMode 

By Type

• Glass optical fiber 
• Plastic optical fiber 

By Industry Vertical 

• Telecom & IT 
• Public Sector 
• Healthcare 
• Energy & Utilities 
• Aerospace & Defense 
• Manufacturing 
• Others

By Region

• North America
• U.S.
• Canada
• Europe 
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• The Asia Pacific 
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America 
• Brazil
• Mexico
• Rest of Latin America
• The Middle East and Africa 
• UAE
• South Africa
• Rest of the Middle East and Africa (MEA)

 

Key Players

• Fujikura Ltd
• Corning Inc
• Sterlite Technologies Ltd
• Furukawa Electric Co. Ltd
• The Prysmian Group
• Finisar Corporation
• Sumitomo Electric Industries Ltd
• Nexans S.A.
• Reflex Photonics
• TATA Communications
   

Regional Insights

Asia Pacific dominated the market with a major share of the market share

The APAC fiber optics market is estimated to be the largest over the forecast period. The region's rapid industrialization and infrastructure development have created huge prospects for the usage of fiber optics across a wide range of applications in APAC. APAC's major fiber optics markets include China, Japan, India, Australia, and South Korea. China is the world's largest manufacturing hub, as well as one of the most populous in terms of internet users. Furthermore, rising demand for OFC from the IT and telecom sectors, an increase in the number of mobile devices, increased adoption of FTTH (Fiber to the Home) connection, and an increase in the number of data centers are expected to fuel the fiber optic cables market in India in the future years.
 

Table

Report Attributes	Details
Market Size Value in 2021	USD 4,391.5 million
Market Size Value in 2030	USD 10,341.2 million
Growth Rate	11.3%
Base Year	2021
Forecast Period	2021-2030
Historical Data	2018-2020
Forecast Units	(USD Billion)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Mode ,By Type, By Industry Vertical , By Region
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions.

 

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