Fiber Optics Market

Global Fiber Optics Market Size (2024 to 2029)

The global fiber optics market is estimated to reach USD 5.32 billion in 2024 and USD 8.88 billion by 2029, growing at a CAGR of 10.8% during the forecast period.

An optical fiber is a transparent and flexible fiber made by drawing glass or plastic, which is used to transmit light. Optical fiber has many uses in fiber-optic communications, where it allows transmission over longer distances and in higher bandwidths than cables. Fiber optic cable includes glass or plastic cables capable of transferring data at high speeds. Telecom companies and consumers prefer it because of the large capacity of its data volume. The lightweight nature of these cables and their low sensitivity to noise and interference make them a highly prized product.

REPORT COVERAGE:

This research report on the global fiber optics market has been segmented and sub-segmented based on the type, application, and region.

Global Fiber Optics Market - By Type:

• Single Mode

• Multi-Mode

Single-mode optical fiber networks use wave division multiplexing (WDM) to transfer and increase the data traffic that will be sent between the filaments. Multimode cables use WDM to transfer data at different speeds to certain types of clients.

Global Fiber Optics Market - By Application:

• Telecom

• Premises

• Utility

• CATV

• Military

• Industrial

• Sensors

• Fiber Optic Lighting

• Security

• Metropolitan

All mentioned applications require fiber-optic cables to take advantage of high-speed Internet bandwidth.

Global Fiber Optics Market – By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

KEY MARKET PARTICIPANTS:

The major companies operating in the global fiber optics market include Corning Incorporated, Optical Cable Corporation (OCC), Sterlite Technologies Limited, OFS Fitel LLC, Prysmian Group, AFL, Birla Furukawa Fiber Optics Limited, Finolex Cables Limited, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC).

RECENT HAPPENINGS IN THE MARKET:

• In August 2016, Sumitomo Electric Industries (SEI) launched a new ultra-high fiber counting series to meet the demand for data centers.

• In June 2016, Corning Inc. acquired Alliance Fiber Optic Products Inc. (US) to grow its data center and FTTH applications further.

• In January 2019, Leoni and Hengtong established a joint venture for single-mode fiber manufacturing in Europe. The expansion of broadband in Germany and other European countries and the growing demand for data centers require high-performance single-mode fibers as a key element of optical cables. Leoni and Hengtong are joining forces to meet this increasing demand.