Global Fiber Optics Market Forecast and
Fiber Optics have appeared as a
cost-effective and practical solution for maintaining pipeline integrity. The
oil & gas industry continues to be the prime consumer of Fiber Optics and
is expected to present significant demand for such coatings over the years to
come. The global consumption of oil and gas continues to rise due to various
macro-economic factors. The development of pipelines for oil and gas
transportation has increased due to the continuous demand for energy in
countries like China, India, the U.S, and others, which is opening new growth
windows for the oil & gas industry. Fiber Optics come with several
advantages such as improved flow assurance, reduced cost of energy, and
corrosion inhibition, which makes it an appropriate product for the pipeline
integration solution. Increasing construction spending, along with
rising demand for natural gas, mainly in China and India, should drive regional
growth. Growing agricultural activities and issues related to the water crisis
may elevate the need for water transport and thereby enhance industry growth.
The positive trend in agricultural, residential, and industrial applications will
fuel Fiber Optics market size.
Pipelines have wide usage in transporting
water, chemicals, and various industrial processes. It protects from abrasion, corrosion,
and other reactions from CO2, H2S, water, acid, sunshine, which thereby affect
product execution and longevity. Selecting a appropriate FIber Optics depends
on performance level, regulatory concerns, economics consideration, and
industrial properties requirement.
Fiber Optics Market: Overview
Fiber optics (optical fibers) across the
diameter of a human hair are long, thin strands of very pure glass. They are
arranged in packages called optical cables and used over long distances to
relay light signals, which are normally covered in their individual protective
plastic covers. Optical cables are used to transfer digital data signals in the
form of light up to distances of hundreds of miles with higher throughput rates
than those achievable via electrical communication cables. All optical fibers
use a core of hair-like transparent silicon covered with less refractive
indexed cladding to avoid light leakage to the surroundings.
Fiber optics transmit data in the form of
light particles -- or photons -- that pulse through a fiber optic cable. The
glass fiber core and the cladding each have a different refractive index that
bends incoming light at a certain angle. When light signals are sent through
the fiber optic cable, they reflect off the core and cladding in a series of
zig-zag bounces, adhering to a process called total internal reflection.
demand for internet
internet is a global system of connected devices. Fiber optics act as the
backbone of the Internet; fiber optic cables are used as a medium for the
transmission of information from one point to another. According to the
International Telecommunications Union (ITU), in 2019, 5.2 % of the world
population used the Internet. In 2019, the growth rate of internet users was
about 51.2 %. The growing importance of cloud computing, data transfer and
storage, and IoT, drives internet use.
is online integration of tools of everyday use (mainly machine-to-machine). The
growing number of connected devices will result in increased demand for higher
bandwidth, which, in effect, will lead to IoT growth. Data center colocation
services that use fiber optics for information transmission can also help to
fuel IoT growth coupled with fiber optics via. Industrial fibre cables.
need for FTTx (Fiber to the X)
is any broadband network architecture that uses fiber optics as the optical
medium for transmitting information in a local telecommunications loop. FTTx
includes FTTH, FTTP, FTTB, FTTN, FTTC, etc. Due to its ability to handle
higher bandwidth at greater speeds, Fiber has emerged as an integral component
for network evolution. Communication applications are growing rapidly, with
each function needing higher bandwidth and speed.
architectures such as FTTH and FTTB are expected to provide high bandwidth for
video technology to provide Internet access; this, in effect, will drive the
fiber optics market, which serves as the backbone for these network
architectures. All these technological advancements in video quality and
streaming services are driving growth trends in the fiber optics industry.
initial acquisition & installation costs
initial acquisition and deployment costs are impeding fiber optics market
growth. The optical fiber network contains a range of elements, including
optical cables, transmitters, and receivers. Installing the entire system is a
labor-intensive operation, in particular installing the underground and
undersea connections network is one of the most costly and repetitive
optics have overtaken the copper-cable transmission with their advances.
However, the installation phase to deploy the optical networks is expected to
hamper market development, being an extremely high-cost component.
Global Fiber Optics Market: Cable Type
The global fiber type market based on cable type segmented
into single mode and multi-mode. Amidst the category single mode segment
projected to dominated the overall market in 2019 and is expected to continue
this trend during the forecast period. The single mode segment witness market
size of USD XXXX Million in 2019, and projected to reach USD XXXX Million in
2026 at a CAGR of XX%. The key growth driving factor is its numerous advantages
that include high attenuation and dispersion, great data-transmitting
capabilities, and others.
Global Fiber Optics Market: By Optical Fiber Type
On the basis of Optical Fiber Type, the market is segmented
into Glass and Plastic. Glass optical
fiber, just as its name shows, is an optical fiber made of glass. Being a delicate
type of optical fiber, it cannot be cut, spliced or repaired, less resistant to
flexibility and accidental breakage. Glass fiber optic cables are extremely
versatile and robust and available in a mix of configurations, end fittings and
adapter types. Plastic optical fiber,
polymer optical fiber or POF, is an optical fiber which is made out of plastic.
Traditionally, it comprises of PMMA (acrylic) as the core (96% of the cross
section in a fiber 1mm in diameter) that facilitates the transmission of light,
and fluorinated polymers as the cladding material.
Global Fiber Optics Market: By Industry
The global fiber optics market based on industry vertical
fragmented into telecom, oil & gas, Military & Aerospace, BFSI, medical
and others. The telecom & IT segment dominated the overall market in 2019
and is expected to continue this trend during the forecast period owing to the
growth in need for greater bandwidth and faster speed connections. These
factors have increased the demand for optical fiber cable and connectors in the
telecom sector. Widespread implementation of 5G, increase in adoption of fiber
to the home (FTTH) connectivity, and emergence of internet of things (IoT) act
as major drivers of the market.
Global Fiber Optics Market: Regional
On the basis of geographic segmentation, the global fiber
optics market segmented into North America, Europe, Asia-Pacific, Latin America
and Middle East & Africa. Governments of developed countries such as U.S.,
U.K., Germany, China, and Japan are heavily investing in security
infrastructure at country levels. Awareness is growing among the rapidly
developing economies that aim to strengthen their hold at the global level.
This is eventually necessitating the funding for technologies, majorly across
the fiber optics that would enhance the telecommunication sector infrastructure
with better security measures and leads to drive growth of Asia-Pacific with
lucrative growth rate.
companies that hold the majority share of FIber Optics Market are Lumentum
Holding Inc. , Ciena Corporation , II-VI Incorporated , Nexans S.A , Corning
Incorporated , Optical Cable Corporation (OCC) , Leoni AG , The Furukawa Electric
Co., Ltd. , Prysmian S.p.A. , Sumitomo Electronics Industries (SEI) ,
CommScope, Inc. , TE Connectivity
Ltd. , Fujikura Ltd. , Yangtze Optical Fibre and Cable Joint Stock
Limited. , STL and Other Prominent
Ø March 2020: NeoPhotonics
Corporation (NYSE: NPTN), a leading developer and manufacturer of silicon
photonics and advanced hybrid photonic integrated circuit based lasers, modules
and subsystems for bandwidth-intensive, high speed optical networks, today
announced an L-Band suite of coherent optical components, including its 64
GBaud L-Band High Bandwidth Coherent Driver Modulator (HB-CDM), 64 GBaud L-Band
Intradyne Coherent Receiver (ICR) and ultra-narrow linewidth L-Band tunable
laser Micro-ITLA. Together with NeoPhotonics standard C-Band coherent
components, these new products enable customers to double the capacity of
optical fiber links.
Ø March, 2020: Applied
Optoelectronics, Inc. (Nasdaq: AAOI), a leading provider of fiber-optic access
network products for the internet datacenter, cable broadband, telecom and
fiber-to-the-home (FTTH) markets, today announced the release of the 1.8 GHz
Cable Plant Signal Generator (CPSG) that can be used to simulate the full
channel loading of the next generation cable TV networks.
Scope of the Report
Historical data – 2016-2019
Base Year – 2019
2020 – 2026
Revenue in USD Million/Billion
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China,
India, UAE, South Africa, Saudi Arabia
By Surface, Form, Type, with Region
Lumentum Holding Inc., Ciena Corporation,
II-VI Incorporated, Nexans S.A, Corning Incorporated, Optical Cable
Corporation (OCC), Leoni AG, The Furukawa Electric Co., Ltd., Prysmian S.p.A.,
Sumitomo Electronics Industries (SEI), CommScope, Inc., TE Connectivity Ltd.,
Fujikura Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited., STL.
Ø Single Mode
Optical Fiber Type
(Industrial/Commercial, Data Storage, Energy & Utility etc.)
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East &
The objective of the Study:
Ø To analyze and forecast the global Fiber Optics
Market size of the market in terms of value.
Ø To examine the careful market segmentation and
forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Fiber Optics Market segmented into five
regions, namely, North America, Europe, Asia Pacific, Latin America, Middle
East & Africa and their leading countries.
Ø To outline, categorized, and forecast the global Fiber
Optics Market based on Cable Type, By Optical Fiber Type, and By Industry
Ø To examine competitive developments like
technological advancement, services, and regulative framework within the global
Fiber Optics Market.
Ø To highlight the impact analysis of the factors
affecting the market dynamics such as drivers, restraints, opportunities, and
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.