The fiber optics market is projected to grow at a high rate till 2021. The companies profiled in this report include Corning Inc. (U.S.), Prysmian Group (Italy), AFL Global (U.S.), Finisar Corporation (U.S.), Leoni AG (Germany), Furukawa Electric Co., Ltd. (Japan), LS Cable & System Ltd. (South Korea), General Cable Corporation (U.S.), and Finolex Group (India),among others.
The fiber optics market size is projected to reach USD 5.00 billion by 2021 at a CAGR of 9.8%. The fiber optics market is driven by the increasing demand for the Internet and growing FTTx networks.
The Internet has gained importance with the rising demand for cloud computing, data transfer & storage, and the Internet of Things (IoT).
Advances in technology to meet the growing demands from the Internet are expected to provide high growth opportunities to the fiber optics market.
However, growth in the wireless communication systems market is expected to be a restraint, which could hinder the growth of the fiber optics market as these are considered alternatives to the use of fiber optics.
- Fiber optics manufacturers
- Fiber optics dealers
- Fiber optics suppliers
- End users, raw material suppliers, and others
Scope of the report
This report categorizes the global fiber optics market based on cable type, optical fiber type, application, and region.
- Market Segmentation, by Cable Type:
- Single mode
- Market Segmentation, by Optical Fiber Type:
- Glass optical fiber
- Plastics optical fiber
- Market Segmentation, by Application:
- Fiber Optic Lighting
The telecom segment is estimated to have been the largest application in the fiber optics market, in 2016. The mass utilization of digital technologies and applications by consumers, enterprises, and governments continues to drive the global telecom market.
Positive trends in broadband and big data management are driving the growth of the telecom market.
Middle East & Africa is are projected to exhibit the fastest growth rate in the fiber optics market from 2016 to 2021.The growth of the fiber optics market in this region is mainly attributed to its increasing applications such as telecom, industrial, CATV, and sensors. The UAE, Saudi Arabia, and Iran are the most preferred destinations for major infrastructure projects in the region.
All these activities are expected to create opportunities in fiber optics-based communication networks.
Break-up of profiles by the primary participants for the report
- By Company Type – Tier 1–37%, Tier 2–50%, and Tier 3–13%
- By Designation – C Level– 50%, Director Level–31%, and Others–19%
- By Region – North America–32%, Europe–31%, Asia-Pacific–25%, Middle East & Africa–6%, and Latin America–6%
The large-scale investments in the region, the high standards of living, and increasing residential, healthcare hospitals, commercial, manufacturing, and transport infrastructure are expected to lead to an increase in the demand for fiber optics.
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