Study papers on Fiber Optic Components market and regional forecast. Fiber Optic Components market players are Finisar (US), Lumentum (US), Broadcom (US), Sumitomo Electric (Japan), and Accelink Technologies (China), Acacia Communications (US), EMCORE (US), Fujitsu Optical Components (Japan), Furukawa Electric (Japan), II-VI (US), NeoPhotonics (US), Oclaro (US), O-Net Technologies (China), Reflex Photonics (Canada), Source Photonics (US), Fiber Mountain (US), Kaiam (US), MW Technologies (Portugal), Nokoxin Technology (China), and Optienz Sensors (US).
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Fiber optic components market is expected to grow from USD 17.15 billion in 2018 to USD 27.60 billion by 2023, at a CAGR of 10% during 2018–2023. Key factors driving the growth of the fiber optic components market are the development strategies such as agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions implemented by the players in the fiber optic components market, increasing deployment of data centers, and growing internet penetration and data traffic.
However, major restraining factors for the growth of this market are that fiber optic components are prone to physical damage, and transmission loss.
- Fiber optics manufacturers
- Fiber optics suppliers
- Suppliers and distributors
- Government and research organizations
- Fiber optics traders and distributors
- Investment banks and private equity firms
- End-use industries
The overall fiber optic components market in APAC is expected to hold the largest share in 2018.
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This is because APAC is the largest producer and consumer of smart phones, laptops, TVs, and various other data-generating devices. This leads to a high demand for the Internet in the region, and the trend is expected to continue during the forecast period.
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The increasing demand for high bandwidth from telecommunication, virtualization, cloud, and big data can be addressed by fiber optic components. The cloud technology has developed rapidly since the inception of big data.
Fiber optic components are used to meet the demand for higher bandwidth and applications in a variety of high-speed connecting environments. As a result, fiber optic components have a huge demand from communications application.
Owing to this, the communications application expected to hold the largest share of the overall fiber optic components market in 2018.
2 Market Ranking Analysis
3 Competitive Scenario
3.1 Battle for Market
3.2 Product Launches and Developments
3.3 Acquisitions and Expansions
3.4 Agreements, Joint Ventures, and Contracts
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The report on the fiber optic components market covers the market segmented on the basis of the following segments: type, data rate, application, and geography. The market has been segmented on the basis of type into cables, active optical cables (AOCs), amplifiers, splitters, connectors, circulators, transceivers, and others.
Based on data rate, the fiber optic components market has been classified into 10G, 40G, 100G, and above 100G. The market, on the basis of application, has been segmented into communications, distributed sensing, analytical and medical equipment, and lighting.
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