The global fiber optics market is estimated at USD 4.8 billion in 2019 and is expected to reach USD 6.85 billion by 2024, with a CAGR of 10.8% from 2019 to 2024.
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, as well as their low sensitivity to noise and interference, make them a highly prized product.
Recent Industry Developments
In August 2016, Sumitomo Electric Industries (SEI) launched a new ultra-high fiber counting series to meet the demand of data centers.
In June 2016, Corning Inc. acquired Alliance Fiber Optic Products Inc. (US) to grow its data center and FTTH applications further.
January 2019: Leoni and Hengtong establish 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.
The global fiber optics market is segmented and sub-segmented as follows:
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.
By Application
All mentioned applications require fiber-optic cables to take advantage of high-speed Internet bandwidth.
By Region
The leading market players of the fiber optics market are 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).
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Single Mode
5.1.3 Multi- Mode
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2 Optical Fiber Type
5.2.1 Introduction
5.2.2 Glass
5.2.3 Plastics
5.2.4 Y-o-Y Growth Analysis, By Optical Fiber Type
5.2.5 Market Attractiveness Analysis, By Optical Fiber Type
5.2.6 Market Share Analysis, By Optical Fiber Type
5.3 Application
5.3.1 Introduction
5.3.2 Telecom
5.3.3 Premises
5.3.4 Utility
5.3.5 CATV
5.3.6 Military
5.3.7 Industrial
5.3.8 Sensors
5.3.9 Fibre Optic Lighting
5.3.10 Security
5.3.11 Metropolitan
5.3.7 Y-o-Y Growth Analysis, By Application
5.3.8 Market Attractiveness Analysis, By Application
5.3.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Optical Fiber Type
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Optical Fiber Type
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Optical Fiber Type
6.1.5.4 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Corning Incorporated
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Optical Cable Corporation
8.3 Sterile Technologies Limited
8.4 OFS Fitel
8.5 Prysmian Group
8.6 AFL
8.7 Birla Furukawa Fiber Optics Limited
8.8 Finolex Cables Limited
8.9 Yangtze Optical Fiber and Cable Co. Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
