Fiber Optics Market Size, Share, Growth Analysis & Forecast 2021-2026

Press Release:

Global Fiber Optics Market to Grow at 8% During 2019-2024: Introduction of 5G Network & Fiber to the Home (FTTH) Boosting Growth

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Fiber Optics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global fiber optics market reached a value of US$ 6.7 Billion in 2020. Fiber optics is the technology used for transmitting images, voice and data through thin and transparent fiber strands. These fiber strands are known as optic fibers that are made of glass or plastic. At present, the technology finds extensive applications in the healthcare and telecommunication industries. It is also utilized in the military and defense sector for vehicle navigation, environmental sensing and monitoring, and transmitting radio signals. Looking forward, IMARC Group expects the global fiber optics market to exhibit moderate growth during the next five years.

The increasing demand for internet services is the key factor driving the market. Owing to the rapidly growing digitally-literate population, the demand for high bandwidth communication and data transmission services is on the rise, which has led to the steady growth in the telecommunications and information technology sector. This has consequently increased the demand for fiber optics as it is integral for effectively transmitting data, voice messages and images over vast distances. Furthermore, innovations such as 5G network, Fiber to the Home (FTTH) and Fiber to the Building (FTTB) have amplified the positioning of broadband network systems, which provide high-speed data and related services to the consumers. Moreover, fiber optic internet is considered more reliable and less susceptible to breakdown during power outages as the fibers are made of glass and do not require electricity to function. In the healthcare industry, this technology has extensive application in the field of imaging, wherein X-ray, surgical endoscopy and microscopy, ophthalmic lasers and light therapy are some of the key medical procedures that use fiber optics. The growing demand for minimally invasive surgeries is another critical factor driving their demand in this industry.

IMARC Group’s latest report provides a deep insight into the global fiber optics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global fiber optics market in any manner.

Report Coverage:

Historical, Current and Future Market Trends
Market Breakup by Cable Type:
- Single Mode
- Multi-Mode
Market Breakup by Optical Fiber Type:
- Glass
- Plastics
Market Breakup by Application:
- Telecom
- Oil and Gas
- Military and Aerospace
- BFSI
- Medical
- Railway
- Others
Market Breakup by Region:
- Europe
- North America
- Asia Pacific
- Middle East and Africa
- Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Corning Inc., Prysmian Group, Finisar, AFL Global, Sumitomo Electronics Industries (SEI), Ls Cable & System, Leoni AG, Furukawa Electric, General Cable Corporation, Finolex, etc.

Key Questions Answered in This Report:

How has the global fiber optics market performed so far and how will it perform in the coming years?
What are the key regional markets in the global fiber optics industry?
What has been the impact of COVID-19 on the global fiber optics industry?
What is the breakup of the market based on the cable type?
What is the breakup of the market based on the optical fiber type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global fiber optics industry?
What are the key driving factors and challenges in the global fiber optics industry?
What is the structure of the global fiber optics industry and who are the key players?
What is the degree of competition in the global fiber optics industry?
What are the profit margins in the global fiber optics industry?