Fiber optic market size will reach USD 11.18 billion in 2030

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NEW YORK, February 23, 2022 /PRNewswire/ — The size of the global fiber optic market is expected to reach $11.18 billion in 2030 and record a revenue CAGR of 9.3% over the forecast period, according to the latest Reports and Data report. Technological advancements in the global telecommunications industry are driving increased deployment of broadband network, which is expected to drive the revenue growth of fiber optics market.

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Technological advancements in the telecommunications industry have greatly increased the adoption of several broadband network infrastructures such as fiber to the premises (FTTP), fiber to the home (FTTH), fiber to the cabinet (FTTC) and fiber to the building (FTTB). Optical fiber is deployed on a large scale in these infrastructures. Hence, the increasing development of broadband network infrastructure creates lucrative revenue growth opportunities for the players operating in the global fiber optic market.

Optical fibers are made with components such as plastic, high quality glass and silica, and these components work on the principle of total internal reflection of light. According to this principle, light is reflected at an interface between two media. Fiber optics work on this principle because it has applications in areas such as optical fingerprint printing devices and telecommunications. In telecommunications, this principle is used to transfer Internet, telephone and cable television signals.

The flexibility of fiber optics improves the range of microscopic imaging by making it easier to access the subject, and its compact size and ability to form distributed or multiplexed detection systems accelerate the use of fiber optic sensors in monitoring health and biomedical research. Extensive research and development (R&D) in the field of fiber optics by major players leads to various innovations and is deployed in a wide range of sectors such as defense, healthcare, oil and gas, among others.

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Some highlights of the report

  • At January 14, 2022Waitsfield & Champlain Valley Telecom, which is a telephone company based in the United States, has planned to transform the Internet connection of Bolt residents living in the company’s service area to fiber optics. In this regard, City of Bolton has pledged to help with more than half of American Rescue Plan Act (ARPA) funding to help extend fiber-optic broadband to more residents through a public-private partnership with the company.

  • Hardware segment revenue is expected to register a significantly high revenue growth rate during the forecast period. Fiber optic amplifiers have several advantages, such as better color resolution and very stable sensor configurations. These amplifiers have the ability to limit inter-symbol interference, making them ideal for fiber optic communications. It provides diffraction-limited beam quality, so it can focus on small spots as high as possible and provides greater brightness. In addition, fiber optic amplifiers provide high output power and CATV EDFA is a type of fiber optic amplifier, which is used to improve the output power of the transmitter.

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  • The plastic segment accounted for the largest share of revenue in 2020. Plastic optical fiber is made of low cost materials and installation is also less expensive, so this type of optical fiber is cost effective. Higher flexibility allows it to bend without any breakage, and plastic fiber optic installation can also be done by less trained labor.

  • The telecommunications segment accounted for a significantly large revenue share in 2020 due to the increasing deployment of data transmission services and communication technology. Optical fiber enables data transmission in both short and long range communications; therefore, it is widely adopted in the telecommunications industry. Growing demand for several other services, such as video on demand (VoD), cloud-based services, and audio-video services, is driving the demand for fiber optics in the telecommunications industry.

  • The multimode segment accounted for a comparatively larger revenue share in 2020 due to its lower installation, operation and maintenance costs. In addition, the multimode cable allows multiple modes of optical signal transfer at the same time. Features such as a high fiber core and increased alignment tolerances allow the multimode cable to work with multiple optical components, such as the fiber adapter and fiber connector. The ability to carry multiple modes of lights along with affordable light sources makes multimode cable suitable for use in single buildings and audio and video applications in local area networks (LANs).

  • Asia Pacific the market revenue is expected to increase at a considerably high rate during the forecast period. Various countries in the region such as India, Japanand China deploy fiber optics in the medical sector. In addition, the expanding IT and telecommunications sector is expected to create lucrative revenue growth opportunities for players operating in the fiber optics market in the region.

  • Companies profiled in the global market report include Huawei Technologies Co., Ltd., Bentley Systems, Incorporated, ADTRAN Inc., Technicolor, CableLabs., Sumitomo Electric Industries, Ltd., PCT International, Inc., Fujikura Ltd., Twinstar Technologies Co. . ltd. and Altair Engineering, Inc.

To identify key industry trends, research study at: https://www.reportsanddata.com/report-detail/fiber-optics-market

For the purposes of this report, Reports and Data has segmented the global fiber optic market based on component, fiber optic type, application, cable type and region:

  • Making up Outlook (Revenue, USD billion; 2018-2030)

  • Type of optical fiber Outlook (Revenue, USD billion; 2018-2030)

  • Application Outlook (Revenue, USD billion; 2018-2030)

  • cable type Outlook (Revenue, USD billion; 2018-2030)

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