Fiber Optics Market - Global Industry Analysis

Fiber Optics Market

Fiber Optics Market by Application (Telecom & broadband, Healthcare, Defense, And Private data networks And Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 12-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-763 Status : Published

The Global Fiber Optics Market accounted for USD 3.1 Billion in 2020 and is expected to reach USD 4.9 Billion by 2028, growing at a CAGR of around 6% between 2021 and 2028.

Description

Market Overview    

The Global Fiber Optics Market accounted for USD 3.1 Billion in 2020 and is expected to reach USD 4.9 Billion by 2028, growing at a CAGR of around 6% between 2021 and 2028.     

Fiber optics are microscopic threads of pure glass used to provide high-performance networking to long distance and is deployed to transfer light signals.  Optical Fibers are mostly used in telecommunication arena such as television, internet and telephone. It transmits data in form of photons by altering light particles into light pulse via an optical wire. Optical Fiber comprises of an inner core and outer cladding. They are of two types Sing-mode Fiber and Multi-mode Fiber, in terms of refractive index it is classified into Step index Fiber and Graded index Fiber. Cost-effective and economical, less power consumption, and non-flammability are the factors propelling the market.

Fiber optics are not only deployed in telecommunication industry but are also used in military, medical, oil and gas sectors. Ongoing technological advancement, demand for secure communication has led the keys players to focus vigorously upon product enhancement, mergers & acquisition and collaborations.

 COVID-19 Impact Analysis

The lockdowns imposed by various countries to contain the spread of Covid-19 has impacted the global operations and supply chain which had a negative consequences on Fiber Optics market as the global sales declined. As a result of lockdown, the industry became stagnant as the production and retailing operations slowed down. Moreover, significant growth of internet users has upsurged the demand for Fiber optics. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

The growth of the fiber optics market is majorly boosted by raising awareness about data security issues and employment of the optional raw material. Apart from this, increasing demand for the handset, which employs optical fiber for LED light is increasing the requirement for fiber optics market. The fiber can transfer light from the one place to a distance location. In addition, it can be employed for taking the heat away from light, which permits a single huge light to be separated into small points of light tinnier than any source single-handedly. Hence, it can be employed in galleries, museums, and design/architecture. On the other hand, the high initial price is believed to the major challenge for the development of fiber optics market. Rising demand for internet across the globe and increasing importance of data transfer, cloud computing and Internet of Things are other major factors strengthening the market overall. Ongoing demand for enhancing 5G connectivity is playing a vital role in stimulating the Fiber optics market.

Report Scope: 

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Application Segment Analysis Preview 

The global market for Fiber Optics is divided into two categories: application and region. The market is segmented into telecom & broadband, healthcare, defence, private data transfers and other. The telecom & broadband segment is anticipated to grow on account of heavy spending in ICT industry along with the increasing users in China and India. Growing demand for mobile phones, broadband services and secured data management are the factors driving the telecom industry.

Key Market Players & Competitive Landscape

Some of the major players of global Fiber Optics market includes  Finolex Cable Limited, Australian Fiberoptic Communications, Yangtze Optical Fiber and Cable Co. Ltd., Ofs Fitel, Sterlite Technologies Limited, Corning Inc., Fujikura Limited, and Prysmian SpA, among others.

The Global Fiber Optics Market is segmented as follows:

By Application

  • Telecom & broadband
  • Healthcare
  • Defense
  • Private data networks
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Fiber Optics Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Fiber Optics Market – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Telecom & broadband
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Healthcare
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Defense
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Private data networks
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Fiber Optics Market – Industry Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 5.2.3. U.S.
        • 5.2.3.1. U.S. Market Revenue, By Application, 2016 – 2028
      • 5.2.4. Canada
        • 5.2.4.1. Canada Market Revenue, By Application, 2016 – 2028
      • 5.2.5. Mexico
        • 5.2.5.1. Mexico Market Revenue, By Application, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.3.2. Europe Market Revenue, By Application, 2016 – 2028
      • 5.3.3. Germany
        • 5.3.3.1. Germany Market Revenue, By Application, 2016 – 2028
      • 5.3.4. France
        • 5.3.4.1. France Market Revenue, By Application, 2016 – 2028
      • 5.3.5. U.K.
        • 5.3.5.1. U.K. Market Revenue, By Application, 2016 – 2028
      • 5.3.6. Italy
        • 5.3.6.1. Italy Market Revenue, By Application, 2016 – 2028
      • 5.3.7. Spain
        • 5.3.7.1. Spain Market Revenue, By Application, 2016 – 2028
      • 5.3.8. Rest of Europe
        • 5.3.8.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 5.4.3. China
        • 5.4.3.1. China Market Revenue, By Application, 2016 – 2028
      • 5.4.4. Japan
        • 5.4.4.1. Japan Market Revenue, By Application, 2016 – 2028
      • 5.4.5. India
        • 5.4.5.1. India Market Revenue, By Application, 2016 – 2028
      • 5.4.6. South Korea
        • 5.4.6.1. South Korea Market Revenue, By Application, 2016 – 2028
      • 5.4.7. South-East Asia
        • 5.4.7.1. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 5.4.8. Rest of Asia Pacific
        • 5.4.8.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 5.5.3. Brazil
        • 5.5.3.1. Brazil Market Revenue, By Application, 2016 – 2028
      • 5.5.4. Argentina
        • 5.5.4.1. Argentina Market Revenue, By Application, 2016 – 2028
      • 5.5.5. Rest of Latin America
        • 5.5.5.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 5.7. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.3. GCC Countries
        • 5.6.3.1. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 5.6.4. South Africa
        • 5.6.4.1. South Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.5. Rest of Middle-East Africa
        • 5.6.5.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 6: Fiber Optics Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technology Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7: Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Fiber Optics Market: Company Market Share, 2019
      • 7.1.2. Global Fiber Optics Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 7.1.3. Global Fiber Optics Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 7.1.4. Global Fiber Optics Market: Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Type Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8: Company Profiles
    • 8.1. Finulex Cable Limited
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Type Portfolio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. Australian Fiberoptic Communications
    • 8.3. Yangtze Optical Fiber and Cable Co. Ltd.
    • 8.4. Ofs Fitel
    • 8.5. Sterlite Technulogies Limited
    • 8.6. Corning Inc.
    • 8.8. Fujikura Limited
    • 8.9. Prysmian SpA
  • Chapter No. 9: Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10: Research Methodology
    • 10.1. Research Methodology
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Fiber Optics Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Application, 2020 & 2028 
FIG NO. 6. Global Fiber Optics Market forTelecom & broadband, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Fiber Optics Market forTelecom & broadband, By Country, 2020 & 2028
FIG NO. 8. Global Fiber Optics Market for Healthcare, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Fiber Optics Market for Healthcare, By Country, 2020 & 2028
FIG NO. 10. Global Fiber Optics Market for Defense, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Fiber Optics Market for Defense, By Country, 2020 & 2028
FIG NO. 12. Global Fiber Optics Market for Private data networks, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Fiber Optics Market for Private data networks, By Country, 2020 & 2028
FIG NO. 14. Global Fiber Optics Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Fiber Optics Market for Chemical Others, By Country, 2020 & 2028
FIG NO. 16. Global Fiber Optics Market Revenue Share, By Region, 2020 & 2028
FIG NO. 17. North America Fiber Optics Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 18. Porter’s Five Forces Analysis for Global Fiber Optics Market
FIG NO. 19. PEST Analysis for Global Fiber Optics Market
FIG NO. 20. Pricing Analysis for Global Fiber Optics Market
FIG NO. 21. Value Chain Analysis for Global Fiber Optics Market
FIG NO. 22. Company Share Analysis, 2019
FIG NO. 23. Radar Determinant Chart, 2019
FIG NO. 24. Company Strategic Developments – Heat Map Analysis
FIG NO. 25. Archer Daniels Midland Company Business Segment Revenue Share, 2020 (%)
FIG NO. 26. Archer Daniels Midland Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 27. Market Channels
FIG NO. 28. Marketing Channel Development Trend
FIG NO. 29. Growth in World Gross Type, 2008-2018
FIG NO. 30. Research Methodology – Detailed View
FIG NO. 31. Research Methodology


Table Of Tables

List of Tables 

TABLE NO. 1. Global Fiber Optics Market: Snapshot
TABLE NO. 2. Quarterly Fiber Optics Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Fiber Optics Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Fiber Optics Market forTelecom & broadband, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Fiber Optics Market for Healthcare, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Fiber Optics Market for Defense, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Fiber Optics Market for Private data networks, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Fiber Optics Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Fiber Optics Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Fiber Optics Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Fiber Optics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 14. U.S. Fiber Optics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. Canada Fiber Optics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 16. Mexico Fiber Optics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. Drivers for the Fiber Optics Market: Impact Analysis
TABLE NO. 18. Restraints for the Fiber Optics Market: Impact Analysis
TABLE NO. 19. Major Buyers of Fiber Optics
TABLE NO. 20. Distributors/Traders List of Fiber Optics
TABLE NO. 21. Global Fiber Optics Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 22: Global Fiber Optics Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Fiber Optics market. Zion Research has collected and analyzed key data belong to the global Fiber Optics market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Fiber Optics across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Fiber Optics industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Fiber Optics market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

An optical fiber is a flexible and transparent fiber made by drawing glass or plastic and is used to transmit light between the two ends of the fiber.  There are wide usages in fiber-optic communications, where they allow transmission over longer distances and at higher bandwidths than wire cables. Instead of using metal wires, fiber optic cables are used in order to signals travel along them with lesser amounts of loss. Furthermore, fibers are also used for illumination and are wrapped in bundles so that they may be used to carry images and used in other applications also.

The major factors which are driving the fiber optics market growth are increasing demand of fiber optics in different avenues such as telecommunication sector, private data networks, and others. Growing demand for high-speed internet is also impelling the demand of fiber optics market. However, some restraining factors which hindering the growth of the fiber optics market are the high cost of raw material and complex manufacturing process. Nonetheless, rising demand for a remote sensing technique which allows data transmission without any physical medium will fuel the fiber optics market growth in the years to come.

Global-Fiber-Optics-Market

Fiber optics is used in different applications such as telecom & broadband, cable television, private data networks, oil & gas, utilities and others. Among these applications, the telecom sector is dominating the fiber optics market and is estimated to persist over the forecast period. Other applications of fiber optics are industrial, healthcare, commercial and data storage. Fiber optics is used as an imaging tool, light guides and also as lasers for surgeries. Fiber optics is used as hydrophones for seismic and SONAR uses, submarines as wiring in aircraft and other vehicles and also for field networking. In telecommunication sector, the fiber optics help to receive and transmit data. Fiber optics play cog role in industrial and commercial sector owing to its uses in various fields. For instance, fiber optics is used for imaging in inaccessible areas and acts as sensory devices to measure temperature. In conventional wiring, there isEMI issue which is overcome using fiber optic cables. It is also used for wiring in the automobile industry.Fiber optic cables are also used for research and development and testing across all the above-mentioned industries.

North America and Europe are expected to grow steadily in coming years. Asia Pacific is estimated to show significant growth on account of increasing use of new telecommunication technologies such as FTTx applications and 4G mobile usages. Therefore, due to rise in usage of 3G/4G data, demand for fiber optics is expected to escalate by network operator in Asia Pacific region.

Key players in the fiber optics market are PrysmianSpA, Australian Fibreoptic Communications, Finolex Cable Limited, Sterlite Technologies Limited, Ofs Fitel, Corning Inc., Yangtze Optical Fiber and Cable Co. Ltd., Fujikura Limited, and others. High initial investment and maintenance cost is expected to restrict entry of new players in the fiber optics market.

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FrequentlyAsked Questions

The global Fiber Optics Market was valued at USD 3.1 billion in 2020.

The global Fiber Optics Market is expected to reach USD 4.9 billion by 2028, growing at a CAGR of 6% between 2021 to 2028.

Rising demand for internet, mobile phones, long distance connectivity are the key factors propelling the Fiber optics market. The growth of the market is majorly boosted by raising awareness about data security issues and employment of the optional raw material. Apart from this, increasing demand for the handset, which employs optical fiber for LED light is increasing the requirement for fiber optics market

Area-wise, North America has the biggest share in the fiber optics market. The Asia Pacific is likely to show fascinating development for fiber optics market in years to come owing to technological enhancements in the telecom industry. Economically up-and-coming nations in the Asia Pacific such as Japan, India, and China are heavily spending in ICT industry which will augment the demand of fiber optics market.

Some of the major players of global Fiber Optics market includes Finolex Cable Limited, Australian Fiberoptic Communications, Yangtze Optical Fiber and Cable Co. Ltd., Ofs Fitel, Sterlite Technologies Limited, Corning Inc., Fujikura Limited, and Prysmian SpA, among others.

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