Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The "Fiber Optics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The worldwide Fiber Optics market, valued at approximately $5.8 billion in 2022, is poised for substantial growth, projected to attain a robust market size of $11.5 billion by 2030. This anticipated expansion is underpinned by a steady Compound Annual Growth Rate (CAGR) of 8.9% over the analysis period from 2022 to 2030. Within this timeframe, the Single Mode segment, a pivotal sector of the market, is expected to achieve an impressive 9% CAGR, reaching a market value of $8.9 billion by the conclusion of the analysis period. Simultaneously, the Multi Mode segment is anticipated to grow at a rate of 8.4% over the following eight years.
Quick Summary
In an increasingly digitally-connected global economy, understanding the Fiber Optics market has never been more pivotal. A booming industry already estimated to double in size over the coming years, companies looking to gain a competitive edge should heed the forward-looking trends and analyses provided in this comprehensive market research report.
Emphasizing the flourishing growth in the Single Mode and Multi Mode segments, the report is a veritable predictor of the industry's future state. Unfold invaluable insights into the rapidly growing markets of China and the United States, while staying updated with the growth expectations from other key geographic regions such as Europe, Japan, and Canada.
Benefit from the articulately crafted special discussions on the global economic climate and market sentiment, gain an edge with insights on global competitiveness and key competitor percentage market shares, and delve deeper with a market presence analysis across multiple regions. Additionally, enjoy the ease of online interactive peer-to-peer collaborative bespoke updates and access to a rich archive of industry-specific digital resources.
Don't miss out on being part of the Fiber Optics market's promising future, explore the wealth of insights offered by this market research report today.
Rapid Growth in the U.S. Market with an Estimated Worth of $781.8 Million
The Fiber Optics market in the United States has gained significant momentum, estimated to be worth $781.8 million in the year 2022. This growth signifies a burgeoning demand for Fiber Optics technology and solutions, and it plays a crucial role in the global market.
China's Market Projected to Grow Significantly with a 10.4% CAGR
China, as the world's second-largest economy, is poised to experience a substantial surge in its Fiber Optics market. The country is forecasted to achieve a market size of approximately $3.4 billion by 2030, backed by an impressive CAGR of 10.4% during the analysis period from 2022 to 2030. China's dynamic growth underscores its pivotal role in shaping global trends and developments within the Fiber Optics industry.
Other Noteworthy Markets in Japan, Canada, and Germany
Several other geographic markets exhibit notable potential for contributing to the global expansion of the Fiber Optics market. Japan and Canada are projected to experience steady growth, with forecasted CAGRs of 6.8% and 7.3%, respectively, throughout the period spanning from 2022 to 2030. In Europe, Germany is anticipated to maintain a noteworthy growth rate of approximately 7.4% CAGR during the same analysis period.
Key Players in the Fiber Optics Market
The Fiber Optics market is characterized by intense competition and features a wide array of prominent players who are driving innovation and development within the industry. Notable competitors in this market, totaling 95 featured companies, include:
- AFL Telecommunications, LLC
- Anixter Inc.
- Belden Inc.
- Corning Inc.
- Prysmian Cables & Systems Ltd.
- Geokon Inc.
- Fujikura Ltd.
- Leoni AG
- Finolex Cables Ltd.
- Yangtze Optical Fiber & Cable Joint Stock Limited Company
These companies play a central role in shaping the Fiber Optics market's growth and evolution.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 546 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $5.8 Billion |
| Forecasted Market Value (USD) by 2030 | $11.5 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Fiber Optics - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Impact of the Pandemic on Fiber Optics Industry
- An Introduction to Fiber Optics
- Optical Fiber
- Fiber Optic Cable
- Fiber Optics: Incredibly Thin Fibers Lighting High-Speed Data Transmission Revolution
- World Fiber Optics Market by Cable Type (2021 & 2027): Percentage Breakdown of Sales for Single Mode, and Multi Mode
- World Fiber Optics Market by Fiber Type (2021 & 2027): Percentage Breakdown of Sales for Glass Optical Fiber, and Plastic Optical Fiber
- Limitations of Fiber Optics & Improvements Thereon
- Emerging Applications of Fiber Optics
- Global Market Prospects & Outlook
- Need for Higher Bandwidth in Modern Age Creates Ideal Fabric for Fiber Optics Market
- Focus on Scalable, High-Speed Communication Infrastructure Helps Fiber Optics Market Leap Forward
- Perceptible Factors Catalyzing Expansion of Global Fiber Optics Market
- Market Restrains
- Analysis by Application: Communication Remains Primary Application Segment
- Optical Fibers Need Further Improvements to Satiate Emerging Telecom Demands
- World Fiber Optics Market by Application (2021 & 2027): Percentage Breakdown of Sales for Communication, and Non-Communication
- Regional Analysis
- World Fiber Optics Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
- World Fiber Optics Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Middle East, Latin America, Africa, USA, Canada, Europe, and Japan
- Competitive Landscape: Vendors Eye Product Development & Regional Expansion
- Recent Market Activity
- Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increased Uptake Across Diverse End-user Industries Favors Present & Future Expansion of Fiber Optics Market
- Ongoing Expansion in Optical Communication Domain Underpins Revenue Growth
- Healthy Trajectory in OTN & FTTx Verticals Augurs Well
- Rising IP Traffic & Escalating Bandwidth Needs Bring Fiber Optics to the Fore
- Global IP Traffic Volume in Exabytes for the Years 2019 and 2022
- A Look Into Global Internet User Base & Usage Patterns
- World Internet Penetration Rate (in %) by Geographic Region: March 2021
- Smartphone, Tablets, and Laptops Shipments in Million Units for the Years 2019, 2021 and 2023
- Smartphone Penetration Rate as Share of Total Population: 2016-2021
- Global Wireless Communication Market (2019 & 2021): Percentage Breakdown of Traffic Volume by Mobile Device Type
- Proliferation of Bandwidth-Intensive Applications Steers Internet Consumption Volumes
- Breakdown of Global IP Traffic by Application Type (in %): 2019 & 2022
- Robust Spending on Fiber Optic Infrastructure Across Telecom Verticals to Sustain Market Momentum
- Data Center Trends Elevate the Market Potential of Fiber Optics
- Emphasis on DCI Approach Generates Novel Opportunities
- Smart Cities Concept to Underpin Sales Growth in the Coming Years
- Smart Homes to Progressively Drive the Demand for Fiber Optics
- Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
- Fiber Optic Technology Advances in Medical Industry Improve Patient Care
- Uptake of Loose-Tube & Tight-Buffered Cable Designs Remains Robust
- Sustained Demand for Single-Mode, Multi-Mode & POF Cables Augurs Well
- Glass Fiber Optics Remains the Dominant Category
- Novel Opportunities for Plastic Fibers
- Growing Demand for Active Optical Cables Bodes Well
- Rapidly Evolving Use Case of Fiber Optic Sensors Gives Impetus to Market Expansion
- Global Fiber Optic Sensors Market (2019 & 2024): Breakdown of Sales in US$ Million by Geographic Region
- Technology Improvements & Innovative Applications to Widen the Addressable Market
- Advanced Components & Sophisticated Working Principle Augment Demand
- Twisted Fiber Optic Light Enhances Internet Speed
- Advancements in PIC Technology
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/cdwm8w
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