Overview and Scope
Fiber optic components refer to the components that are essential for the construction of a fiber optic cable. They are used in fiber optic cables to transmit information over long distances.
Sizing and Forecast
The fiber optic components market size has grown strongly in recent years. It will grow from $26.19 billion in 2023 to $28.62 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to internet revolution and data demand, advancements in fiber optics, global connectivity requirements, emergence of cloud computing, government initiatives and investments.
The fiber optic components market size is expected to see strong growth in the next few years. It will grow to $41.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to internet of things (iot) growth, data center expansion, smart city initiatives, rise in remote working trends, renewable energy connectivity. Major trends in the forecast period include mobile and wireless technologies, 5g network expansion, advancements in optical networking, rapid digital transformation, increased bandwidth requirements.
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Segmentation & Regional Insights
The fiber optic components market covered in this report is segmented –
1) By Type: Cables, Active Optical Cables, Amplifiers, Splitters, Connectors, Circulators, Transceivers, Other Types
2) By Fiber Type: Glass, Plastic
3) By Application: Distributed Sensing, Analytical and Medical Equipment, Lighting, Communications
Asia-Pacific was the largest region in the fiber optic components market share in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the fiber optic components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for the internet is expected to propel the fiber optic components market. Internet refers to a worldwide connected network system that helps communicate and access data resources. Fiber optic is the backbone of the internet, as it acts as a medium to transmit more information at faster speeds too long distances. For instance, in November 2021, according to a report shared by the International Telecommunication Union (ITU), a Switzerland-based specialized UN agency, the number of internet users increased by 782 million, accounting for 63% of the global population in 2021, compared to the previous year. Therefore, the rising demand for the internet is driving the fiber optic components market.
Key Industry Players
Major companies operating in the fiber optic components market report are Coherent Corp., Lumentum Holdings Inc., Broadcom Inc., Sumitomo Electric Industries Ltd., Accelink Technologies Corporation, Acacia Communications Inc., EMCORE Corporation, Fujitsu Optical Components Limited, The Furukawa Electric Co. Ltd., Finisar Corporation, O-Net Technologies (Shenzhen) Group Co. Ltd., Oclaro Inc., Reflex Photonics Inc., TE Connectivity Ltd., Fiber Mountain, KAIAM Corporation, MW Technologies LDA, NeoPhotonics Corporation, Shenzhen Nokoxin Technology Co. Ltd., Amphenol Corporation, II-VI Incorporated, Prysmian Group, Yangtze Optical Fibre and Cable Joint Stock Limited Company, Fujikura Ltd., Corning Incorporated, Infinera Corporation, Ciena Corporation, FiberHome Telecommunication Technologies Co. Ltd., ZTE Corporation, Huawei Technologies Co. Ltd.
The fiber optic components market report table of contents includes:
- Executive Summary
- Fiber Optic Components Market Characteristics
- Fiber Optic Components Market Trends And Strategies
- Fiber Optic Components Market – Macro Economic Scenario
- Global Fiber Optic Components Market Size and Growth
- Fiber Optic Components Market Segmentation
- Fiber Optic Components Market Regional And Country Analysis
…………..
- Key Mergers And Acquisitions In The Fiber Optic Components Market
- Fiber Optic Components Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………..
Table 74: Coherent Corp. Financial Performance
Table 75: Lumentum Holdings Inc. Financial Performance
Table 76: Broadcom Inc. Financial Performance
Table 77: Sumitomo Electric Industries Ltd. Financial Performance
Table 78: Accelink Technologies Corporation Financial Performance
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