Fiber Optics Market

Global Fiber Optics Market Size (2024 to 2032)

The global fiber optics market was worth USD 4.80 billion in 2023. The global market is estimated to reach USD 5.32 billion in 2024 and USD 12.08 billion by 2032, 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

SEGMENTAL ANALYSIS

Global Fiber Optics Market Analysis By Type

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 Analysis By Application

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

KEY PARTICIPANTS IN THE GLOBAL FIBER OPTICS MARKET

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 GLOBAL FIBER OPTICS 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.

DETAILED SEGMENTATION OF THE GLOBAL FIBER OPTICS MARKET INCLUDED IN THIS REPORT

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

By Type

• Single Mode

• Multi-Mode

By Application

• Telecom

• Premises

• Utility

• CATV

• Military

• Industrial

• Sensors

• Fiber Optic Lighting

• Security

• Metropolitan

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