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Fiber Optics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global fiber optics market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.8% during 2023-2028.

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. 

 

 
 

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fiber optics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on cable type, optical fiber type and application.

Breakup by Cable Type:

 

 
 

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  • Single Mode 
  • Multi-Mode
     

Breakup by Optical Fiber Type:

  • Glass
  • Plastics
     

Breakup by Application:

  • Telecom
  • Oil and Gas
  • Military and Aerospace
  • BFSI
  • Medical
  • Railway
  • Others
     

Breakup by Region:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Cable Type, Optical Fiber Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Corning Inc., Prysmian Group, Finisar, AFL Global, Sumitomo Electronics Industries (SEI), Ls Cable & System, Leoni AG, Furukawa Electric, General Cable Corporation and Finolex
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Fiber Optics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Cable Type
    5.5    Market Breakup by Optical Fiber Type
    5.6    Market Breakup by Application
    5.7    Market Breakup by Region
    5.8    Market Forecast
6   Market Breakup by Cable Type
    6.1    Single Mode
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Multi-Mode
        6.2.1    Market Trends
        6.2.2    Market Forecast
7   Market Breakup by Optical Fiber Type
    7.1    Glass
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Plastics
        7.2.1    Market Trends
        7.2.2    Market Forecast
8   Market Breakup by Application
    8.1    Telecom
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Oil and Gas
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Military and Aerospace
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    BFSI
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Medical
        8.5.1    Market Trends
        8.5.2    Market Forecast
    8.6    Railway
        8.6.1    Market Trends
        8.6.2    Market Forecast
    8.7    Others
        8.7.1    Market Trends
        8.7.2    Market Forecast
9   Market Breakup by Region
    9.1    Europe
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    North America
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Asia Pacific
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Corning Inc. 
        14.3.2    Prysmian Group
        14.3.3    Finisar
        14.3.4    AFL Global
        14.3.5    Sumitomo Electronics Industries (SEI)
        14.3.6    Ls Cable & System
        14.3.7    Leoni AG
        14.3.8    Furukawa Electric
        14.3.9    General Cable Corporation
        14.3.10      Finolex

List of Figures

Figure 1: Global: Fiber Optics Market: Major Drivers and Challenges
Figure 2: Global: Fiber Optics Market: Sales Value (in Billion US$), 2017 - 2022
Figure 3: Global: Fiber Optics Market: Breakup by Cable Type (in %), 2022
Figure 4: Global: Fiber Optics Market: Breakup by Optical Fiber Type (in %), 2022
Figure 5: Global: Fiber Optics Market: Breakup by Application (in %), 2022
Figure 6: Global: Fiber Optics Market: Breakup by Region (in %), 2022
Figure 7: Global: Fiber Optics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Fiber Optics Industry: SWOT Analysis
Figure 9: Global: Fiber Optics Industry: Value Chain Analysis
Figure 10: Global: Fiber Optics Industry: Porter’s Five Forces Analysis
Figure 11: Global: Fiber Optics (Single Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Fiber Optics (Single Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Fiber Optics (Multi-Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Fiber Optics (Multi-Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Fiber Optics (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Fiber Optics (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Fiber Optics (Plastics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Fiber Optics (Plastics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Fiber Optics (Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Fiber Optics (Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Fiber Optics (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Fiber Optics (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Fiber Optics (Military and Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Fiber Optics (Military and Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Fiber Optics (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Fiber Optics (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Fiber Optics (Medical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Fiber Optics (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Fiber Optics (Railway) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Fiber Optics (Railway) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Fiber Optics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Fiber Optics (Other Application) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Europe: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Europe: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia Pacific: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia Pacific: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Middle East and Africa: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Middle East and Africa: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Latin America: Fiber Optics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Latin America: Fiber Optics Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables

Table 1: Global: Fiber Optics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fiber Optics Market Forecast: Breakup by Cable Type (in Million US$), 2023-2028
Table 3: Global: Fiber Optics Market Forecast: Breakup by Optical Fiber Type (in Million US$), 2023-2028
Table 4: Global: Fiber Optics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Fiber Optics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Fiber Optics Market Structure
Table 7: Global: Fiber Optics Market: Key Players


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Key Questions Answered in This Report

The global fiber optics market was valued at US$ 10.8 Billion in 2022.

We expect the global fiber optics market to exhibit a CAGR of 16.8% during 2023-2028.

The increasing demand for fiber optics across the military and defense sector for vehicle navigation, environmental sensing and monitoring, and transmitting radio signals, is primarily driving the global fiber optics market.

The sudden outbreak of the COVID-19 pandemic has led to the rising deployment of remote working model resulting in the increasing demand for fiber optics to effectively transmit data, voice messages, and images over vast distances.

Based on the cable type, the global fiber optics market can be categorized into single mode and multi-mode. Currently, multi-mode accounts for the majority of the global market share.

Based on the optical fiber type, the global fiber optics market has been segregated into glass and plastics, where plastics currently hold the largest market share.

Based on the application, the global fiber optics market can be bifurcated into telecom, oil and gas, military and aerospace, BFSI, medical, railway, and others. Among these, the telecom sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global fiber optics market include Corning Inc., Prysmian Group, Finisar, AFL Global, Sumitomo Electronics Industries (SEI), Ls Cable & System, Leoni AG, Furukawa Electric, General Cable Corporation, Finolex, etc.

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