Summary

The fiber optics market is expected to grow from USD 3.2 billion in 2024 to USD 6.8 billion by 2029, at a CAGR of 16.4% during the forecast period.
Rising market for fiber optics due to their high performance and reliability. Fiber optics technology was invented to replace copper cables. As copper cables are heavy and bulky, they are difficult to manage physically. Furthermore, electromagnetic interference (EMI) limits copper’s performance and reliability because of the nature of electrical signals. In optical communications, fiber optics and shielded end casings are used, which help provide immunity to electromagnetic and radio-frequency interference.

“Plastic fiber optics is expected to have the second largest market during the forecast period.”
Plastic optical fibers degrade or become yellowish over time and cannot withstand harsh environments. These fibers can only transmit a narrow visible light spectrum from 400–700 nm. Due to this, plastic optical fibers are preferred more for decorative and illumination applications such as trim lighting, backlighting, and lighting for pools, museums, and galleries. These optical fibers provide high vibration resistance and flexibility and are highly suitable for industrial and automotive lighting.
“Multi-mode fiber optics is expected to grow with the second largest market during the forecast period.”
Multi-mode fiber optcs is ecpcted to have second largest market growth during the forecast period. The high dispersion and attenuation rate associated with this type of fiber, the quality of the signal is reduced over long distances. The wavelengths of multi-mode fibers are in the range of 850 nm to 1300 nm. In a multi-mode fiber, the core-to-cladding diameter ratio is 50:125 μm and 62.5:125 μm. Multi-mode fibers are typically used for short-distance data and audio/video applications in LANs.
“North America is the second largest market during the forecast period.”
The fiber optics market in North America is expected to have at a significant market share during the forecast period. In North America, the increasing number of datacenters is driving the fiber optics market growth. Optical fiber helps to interconnect two or more data centers that are located thousands of kilometers away from each other. These optical fibers can transmit large sets of data over long distances, with higher transmission rates and lower latency.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the fiber optics space. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 45%, Tier 2 – 20%, and Tier 3 – 35%
• By Designation: C-level Executives – 15%, Directors –30%, and Others – 55%
• By Region: North America –30%, Europe – 15%, Asia Pacific– 45%, and RoW – 10%
The report profiles key players in the fiber optics market with their respective market ranking analysis. Prominent players profiled in this report are include Corning Incorporated (US), Prysmian Group (Italy), Sumitomo Electric Industries, Ltd. (Japan), Yangtze Optical Fibre and Cable Joint Stock Limited Company (China), and Fujikura Ltd. (Japan). Apart from these, LEONI (Germany), LS Cable & System Ltd. (South Korea), Hengtong Group Co., Ltd. (China), Furukawa Electric Co. Ltd. (Japan), Optical Cable Corporation (US), Hitachi Cable America Inc. (US), Finolex Cables Ltd. (India), Sterlite Technologies Ltd. (India), and FiberHome Telecommunication Technologies Co. Ltd. (China), are among a few emerging companies in the fiber optics market.
Reasons to Buy This Report
This research report categorizes the fiber optics market based on fiber type, cable type, deployment, application and region. The report describes the major drivers, restraints, challenges, and opportunities about the fiber optics market and forecasts the same till 2029. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the fiber optics ecosystem.
The report will provide the following insights :
• Analysis of major drivers (Increasing penetration of internet), restraints (Prone to physical damage and transmission), opportunities (Surging deployment of 5G communication networks), and challenges (Challenges while installation of fiber optic networks in hard-to-reach terrain and high cost of installation).
• Product development /Innovation: Detailed insights on growing technologies, R&D activities, and new product and service launches in the fiber optics market.
• Market Development: The report provides comprehensive information about adjacent markets and analyses the fiber optics market across various regions.
• Market Diversification: Detailed information about major offerings, regions, recent developments, and investments in the market.
• Competitive Assessment: Exhaustive assessment of market share, growth strategies, and services, offering of leading players Corning Incorporated (US), Sumitomo Electric Industries, Ltd. (Japan), Prysmian Group (Italy), YOFC (China), and Fujikura Ltd. (Japan) among others in the fiber optics market.

ページTOPに戻る

Table of Contents

1 INTRODUCTION 23
1.1 STUDY OBJECTIVES 23
1.2 MARKET DEFINITION 23
1.3 STUDY SCOPE 24
1.3.1 INCLUSIONS AND EXCLUSIONS 25
1.3.2 YEARS CONSIDERED 25
1.3.3 CURRENCY CONSIDERED 26
1.3.4 UNITS CONSIDERED 26
1.4 STAKEHOLDERS 26
1.5 SUMMARY OF CHANGES 26
1.6 LIMITATIONS 27
2 RESEARCH METHODOLOGY 28
2.1 RESEARCH DATA 28
2.1.1 SECONDARY DATA 29
2.1.2 SECONDARY AND PRIMARY RESEARCH 30
2.1.2.1 Key industry insights 31
2.1.2.2 Major secondary sources 31
2.1.2.3 Key data from secondary sources 31
2.1.3 PRIMARY DATA 32
2.1.3.1 Primary interviews with experts 32
2.1.3.2 Breakdown of primary interviews 33
2.1.3.3 Key data from primary sources 33
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH 34
2.2.2 TOP-DOWN APPROACH 35
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
2.4 RESEARCH ASSUMPTIONS 36
2.5 RISK ASSESSMENT 37
2.6 RESEARCH LIMITATIONS 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 42
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FIBER OPTICS MARKET 42
4.2 FIBER OPTICS MARKET, BY FIBER TYPE 43
4.3 FIBER OPTICS MARKET, BY CABLE TYPE 43
4.4 FIBER OPTICS MARKET, BY DEPLOYMENT 44
4.5 FIBER OPTICS MARKET, BY APPLICATION AND REGION 44
4.6 FIBER OPTICS MARKET, BY COMMUNICATION APPLICATION 45
4.7 FIBER OPTICS MARKET, BY COUNTRY 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
5.2.1 DRIVERS 47
5.2.1.1 Growing internet penetration and data traffic 47
5.2.1.2 Rising number of data center facilities worldwide 48
5.2.1.3 Surging demand for high bandwidth 48
5.2.2 RESTRAINTS 49
5.2.2.1 Prone to physical damage and transmission loss 49
5.2.3 OPPORTUNITIES 49
5.2.3.1 Increasing deployment of 5G communication networks 49
5.2.3.2 Rising demand for fiber optics due to high performance and reliability 50
5.2.3.3 Increasing penetration of Fiber to the X 50
5.2.4 CHALLENGES 51
5.2.4.1 Installing fiber optic networks in hard-to-reach terrains and high cost of installation 51
5.3 TECHNOLOGY ANALYSIS 52
5.3.1 KEY TECHNOLOGIES 52
5.3.1.1 Plastic Optical Fibers 52
5.3.1.2 Glass Optical Fibers 52
5.3.1.3 Nanf Hollow-Core Fibber 52
5.3.2 COMPLEMENTARY TECHNOLOGIES 52
5.3.2.1 Digital Signal Processor 52
5.3.3 ADJACENT TECHNOLOGIES 53
5.3.3.1 Wireless Communication 53
5.4 IMPACT OF AI ON FIBER OPTICS 53
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 54
5.6 PRICING ANALYSIS 55
5.6.1 AVERAGE INDICATIVE SELLING PRICE OF FIBER OPTICS 55
5.6.2 AVERAGE INDICATIVE SELLING PRICE OF FIBER OPTICS, BY REGION 55
5.6.3 AVERAGE SELLING PRICES OF FIBER OPTIC PRODUCTS OFFERED BY KEY PLAYERS FOR TOP-THREE APPLICATIONS 56
5.7 VALUE CHAIN ANALYSIS 57
5.8 ECOSYSTEM ANALYSIS 59
5.9 INVESTMENT AND FUNDING SCENARIO 61
5.10 PATENT ANALYSIS 62
5.11 TRADE ANALYSIS 64
5.11.1 IMPORT SCENARIO (HS CODE 9001) 64
5.11.2 EXPORT SCENARIO (HS CODE 9001) 65
5.12 TARIFF AND REGULATORY LANDSCAPE 65
5.12.1 TARIFFS RELATED TO OPTICAL FIBER, OPTICAL FIBER BUNDLES, AND CABLES OF VOICE (9001) 65
5.13 REGULATIONS 66
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
5.13.2 REGULATORY STANDARDS 70
5.13.2.1 International Organization for Standardization (ISO)/ International Electrotechnical Commission (IEC) 70
5.13.2.2 ITU standards 70
5.13.3 GOVERNMENT REGULATIONS 71
5.13.3.1 US 71
5.13.3.2 Europe 72
5.13.3.3 China 72
5.13.3.4 India 72
5.14 KEY CONFERENCES AND EVENTS, 2024–2025 72
5.15 CASE STUDY ANALYSIS 73
5.15.1 ALMA TELECOM UPGRADED ITS NETWORK USING FTTP SOLUTION OFFERED BY CORNING INCORPORATED 73
5.15.2 BALDWIN CITY ACHIEVED HIGH-SPEED BROADBAND CONNECTIVITY USING CORNING’S FLEXNAP SYSTEM 74
5.15.3 COMMSCOPE HELPED E-FIBER COMMERCIALIZE FTTX NETWORKS IN NETHERLANDS 74
5.16 PORTER’S FIVE FORCES ANALYSIS 75
5.16.1 INTENSITY OF COMPETITIVE RIVALRY 76
5.16.2 BARGAINING POWER OF SUPPLIERS 76
5.16.3 BARGAINING POWER OF BUYERS 77
5.16.4 THREAT OF SUBSTITUTES 77
5.16.5 THREAT OF NEW ENTRANTS 77
5.17 KEY STAKEHOLDERS AND BUYING CRITERIA 78
5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS 78
5.17.2 BUYING CRITERIA 79
6 FIBER OPTICS MARKET, BY FIBER TYPE 80
6.1 INTRODUCTION 81
6.2 GLASS 82
6.2.1 HIGH PERFORMANCE IN EXTREME CONDITIONS TO DRIVE MARKET 82
6.3 PLASTIC 84
6.3.1 SUITABILITY FOR INDUSTRIAL AND AUTOMOTIVE LIGHTING APPLICATIONS TO DRIVE MARKET 84
 
7 FIBER OPTICS MARKET, BY CABLE TYPE 86
7.1 INTRODUCTION 87
7.2 SINGLE-MODE 88
7.2.1 LONG-DISTANCE AND HIGH-BANDWIDTH TELECOMMUNICATION REQUIREMENTS TO DRIVE MARKET 88
7.3 MULTI-MODE 90
7.3.1 GROWING DEMAND FOR UNLIMITED BANDWIDTH CAPACITY TO BOOST DEMAND 90
8 FIBER OPTICS MARKET, BY APPLICATION 92
8.1 INTRODUCTION 93
8.2 COMMUNICATION 94
8.2.1 TELECOM 95
8.2.1.1 Cost efficiency and higher bandwidth and speed than copper to drive demand 95
8.2.2 PREMISES 96
8.2.2.1 Expansion of LAN and data centers to drive market 96
8.2.3 UTILITY 97
8.2.3.1 Growth of power industry to drive market 97
8.2.4 CABLE ANTENNA TELEVISION 98
8.2.4.1 Shifting consumer preference toward high-definition content to drive market growth 98
8.2.5 INDUSTRIAL 99
8.2.5.1 Proliferation of smart factories across developed economies to fuel demand for fiber optics 99
8.2.6 MILITARY 101
8.2.6.1 Increase in military budgets worldwide to create market growth opportunities 101
8.2.7 OTHER COMMUNICATION APPLICATIONS 102
8.3 NON-COMMUNICATION 102
8.3.1 SENSORS 103
8.3.1.1 Use of fiber optics in distributed sensing applications to support market growth 103
8.3.2 FIBER OPTIC LIGHTING 104
8.3.2.1 Growing demand from museum displays, pools, and star field ceilings to drive market 104
9 FIBER OPTICS MARKET, BY DEPLOYMENT TYPE 106
9.1 INTRODUCTION 107
9.2 UNDERGROUND 108
9.2.1 RAPID DEVELOPMENT OF TELECOM INFRASTRUCTURE TO FUEL UNDERGROUND OPTIC FIBER DEPLOYMENT 108
9.3 UNDERWATER 109
9.3.1 INCREASING INSTALLATION OF SUBMARINE OPTICAL FIBER CABLES TO PROPEL MARKET GROWTH 109
9.4 AERIAL 111
9.4.1 RISING PENETRATION OF OVER-THE-TOP MEDIA SERVICES TO INCREASE AERIAL DEPLOYMENT OF FIBER OPTICS 111
10 FIBER OPTICS MARKET, BY REGION 112
10.1 INTRODUCTION 113
10.2 NORTH AMERICA 115
10.2.1 US 121
10.2.1.1 Extensive penetration of smart home technology products to drive market 121
10.2.2 CANADA 122
10.2.2.1 Growing investments in network infrastructure to drive market 122
10.2.3 MEXICO 122
10.2.3.1 Increasing internet penetration to boost market 122
10.2.4 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 123
10.3 EUROPE 123
10.3.1 GERMANY 129
10.3.1.1 Gigabit Strategy to strengthen FTTH network to favor market growth 129
10.3.2 UK 129
10.3.2.1 Presence of telecom service providers to augment market growth 129
10.3.3 FRANCE 130
10.3.3.1 Favorable government initiatives to drive market 130
10.3.4 ITALY 130
10.3.4.1 Increasing adoption of FTTH broadband to offer opportunities for fiber optics providers 130
10.3.5 SPAIN 130
10.3.5.1 Rapid commercialization of 5G communication services to foster market growth 130
10.3.6 REST OF EUROPE 131
10.3.7 MACROECONOMIC OUTLOOK FOR EUROPE 132
10.4 ASIA PACIFIC 132
10.4.1 CHINA 138
10.4.1.1 Substantial investments by telecom operators in deployment of 5G base stations to drive market 138
10.4.2 INDIA 138
10.4.2.1 Government initiatives to increase broadband connectivity across rural areas to support fiber optics market expansion 138
10.4.3 JAPAN 138
10.4.3.1 Presence of prominent fiber optics manufacturers to drive market 138
10.4.4 SOUTH KOREA 139
10.4.4.1 Proliferation of smart factories to boost market 139
10.4.5 REST OF ASIA PACIFIC 139
10.4.6 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 139
 
10.5 ROW 140
10.5.1 LATIN AMERICA 144
10.5.1.1 Rising deployment of fiber optic solutions across Brazil, Argentina, and Chile to foster market growth 144
10.5.2 GCC COUNTRIES 144
10.5.2.1 Advancement in 5G technology to drive market 144
10.5.3 REST OF MIDDLE EAST & AFRICA 145
10.5.4 MACROECONOMIC OUTLOOK FOR ROW 145
11 COMPETITIVE LANDSCAPE 146
11.1 OVERVIEW 146
11.2 KEY STRENGTHS/RIGHT TO WIN, 2020–2023 146
11.3 REVENUE ANALYSIS, 2023 148
11.4 MARKET SHARE ANALYSIS, 2023 149
11.5 COMPANY VALUATION AND FINANCIAL METRICS 151
11.6 BRAND/PRODUCT COMPARISON 152
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 153
11.7.1 STARS 153
11.7.2 EMERGING LEADERS 153
11.7.3 PERVASIVE PLAYERS 153
11.7.4 PARTICIPANTS 153
11.7.5 COMPANY FOOTPRINT: (KEY PLAYERS), 2023 155
11.7.5.1 Company footprint 155
11.7.5.2 Fiber type footprint 156
11.7.5.3 Cable type footprint 157
11.7.5.4 Deployment type footprint 158
11.7.5.5 Application footprint 159
11.7.5.6 Region footprint 160
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 161
11.8.1 PROGRESSIVE COMPANIES 161
11.8.2 RESPONSIVE COMPANIES 161
11.8.3 DYNAMIC COMPANIES 161
11.8.4 STARTING BLOCKS 161
11.8.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 163
11.8.5.1 Detailed list of key startups/SMEs 164
11.9 COMPETITIVE SCENARIO AND TRENDS 164
11.9.1 PRODUCT LAUNCHES 164
11.9.2 DEALS 166
11.9.3 EXPANSIONS 167
11.9.4 OTHER DEVELOPMENTS 168
 
12 COMPANY PROFILES 169
12.1 KEY PLAYERS 169
12.1.1 CORNING INCORPORATED 169
12.1.1.1 Business overview 169
12.1.1.2 Products offered 170
12.1.1.3 Recent developments 171
12.1.1.3.1 Product launches 171
12.1.1.3.2 Deals 172
12.1.1.3.3 Expansions 173
12.1.1.4 MnM view 173
12.1.1.4.1 Key strengths 173
12.1.1.4.2 Strategic choices 173
12.1.1.4.3 Weaknesses and competitive threats 173
12.1.2 PRYSMIAN GROUP 175
12.1.2.1 Business overview 175
12.1.2.2 Products offered 176
12.1.2.3 Recent developments 177
12.1.2.3.1 Product launches 177
12.1.2.3.2 Deals 178
12.1.2.3.3 Other developments 179
12.1.2.4 MnM view 179
12.1.2.4.1 Key strengths 179
12.1.2.4.2 Strategic choices 179
12.1.2.4.3 Weaknesses and competitive threats 180
12.1.3 SUMITOMO ELECTRIC INDUSTRIES, LTD. 181
12.1.3.1 Business overview 181
12.1.3.2 Products offered 182
12.1.3.3 Recent developments 183
12.1.3.3.1 Product launches 183
12.1.3.3.2 Deals 184
12.1.3.3.3 Other developments 184
12.1.3.4 MnM view 185
12.1.3.4.1 Key strengths 185
12.1.3.4.2 Strategic choices 185
12.1.3.4.3 Weaknesses and competitive threats 185
12.1.4 YANGTZE OPTICAL FIBRE AND CABLE JOINT STOCK LIMITED COMPANY 186
12.1.4.1 Business overview 186
12.1.4.2 Products offered 187
12.1.4.3 Recent developments 189
12.1.4.3.1 Product launches 189
12.1.4.3.2 Deals 189
12.1.4.3.3 Expansions 190
12.1.4.3.4 Other developments 191
12.1.4.4 MnM view 191
12.1.4.4.1 Key strengths 191
12.1.4.4.2 Strategic choices 191
12.1.4.4.3 Weaknesses and competitive threats 191
12.1.5 FUJIKURA LTD. 192
12.1.5.1 Business overview 192
12.1.5.2 Products offered 193
12.1.5.3 Recent developments 194
12.1.5.3.1 Product launches 194
12.1.5.3.2 Other developments 194
12.1.5.4 MnM view 194
12.1.5.4.1 Key strengths 194
12.1.5.4.2 Strategic choices 195
12.1.5.4.3 Weaknesses and competitive threats 195
12.1.6 HENGTONG GROUP CO., LTD. 196
12.1.6.1 Business overview 196
12.1.6.2 Products offered 196
12.1.6.3 Recent developments 197
12.1.6.3.1 Product launches 197
12.1.6.3.2 Other developments 197
12.1.7 FURUKAWA ELECTRIC CO., LTD. 198
12.1.7.1 Business overview 198
12.1.7.2 Products offered 199
12.1.7.3 Recent developments 200
12.1.7.3.1 Product launches 200
12.1.7.3.2 Deals 201
12.1.7.3.3 Other developments 201
12.1.8 LEONI FIBER OPTICS GMBH 202
12.1.8.1 Business overview 202
12.1.8.2 Products offered 202
12.1.8.3 Recent developments 203
12.1.8.3.1 Product launches 203
12.1.8.3.2 Other developments 204
12.1.9 LS CABLE & SYSTEM LTD. 205
12.1.9.1 Business overview 205
12.1.9.2 Products offered 205
12.1.9.3 Recent developments 206
12.1.9.3.1 Product launches 206
12.1.9.3.2 Deals 206
12.1.9.3.3 Other developments 207
 
12.1.10 PROTERIAL CABLE AMERICA INC. 209
12.1.10.1 Business overview 209
12.1.10.2 Products offered 209
12.1.10.3 Recent developments 210
12.1.10.3.1 Deals 210
12.1.10.3.2 Other developments 210
12.2 OTHER PLAYERS 211
12.2.1 COHERENT CORPORATION 211
12.2.2 OPTICAL CABLE CORPORATION 212
12.2.3 FINOLEX CABLES LTD. 213
12.2.4 COMMSCOPE HOLDING COMPANY 214
12.2.5 STERLITE TECHNOLOGIES LTD 215
12.2.6 ZTT 216
12.2.7 FIBERHOME 217
12.2.8 AKSH OPTIFIBRE 218
12.2.9 ART PHOTONICS GMBH 219
12.2.10 RPG CABLES (A DIVISION OF KEC INTERNATIONAL LIMITED) 220
12.2.11 NESTOR CABLES 221
12.2.12 ORBIS OY 222
12.2.13 BIRLA CABLE LTD. 223
12.2.14 BELDEN INC. 224
12.2.15 FIBRE MOUNTAIN 225
13 APPENDIX 226
13.1 DISCUSSION GUIDE 226
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 230
13.3 CUSTOMIZATION OPTIONS 232
13.4 RELATED REPORTS 232
13.5 AUTHOR DETAILS 233