Fiber Optic Components Market is expected to reach US$ 39,150.3 Mn by 2027

According to our latest market study on "Fiber Optic Components Market to 2027 - COVID-19 Impact, and Global Analysis and Forecast - by Type (Cables, Active Optical Cables (AOC), Amplifiers, Splitters, Connectors, Circulators, Transceivers, Others); Data Rate (10G, 40G, 100G, above 100G); Application (Communications, Distributed Sensing, Analytical and Medical Equipment, Lighting and Geography," the market was valued at US$ 16,546.7 million in 2019 and is projected to reach US$ 39,150.3 million by 2027; it is expected to grow at a CAGR of 11.3% from 2020 to 2027.

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Leading Fiber Optic Components market Players: Accelink Technology Co. Ltd., Broadcom, Inc., EMCORE Corporation, Fujitsu Limited, Furukawa Electric Co. Ltd., II-VI Incorporated, Lumentum Operations LLC, O-Net Technologies (Group) Limited, Reflex Photonics Inc., Sumitomo Electric Industries, Ltd.

The fiber optic components market is analyzed based on historical, current, and future trends across the region. The fiber optic components Fiber Optic Components market in APAC is further segmented into China, India, Japan, South Korea, Australia, and the Rest of APAC. The adoption of fiber optics is high in this region owing to development in the communications applications; thus, the fiber connectivity in this region is likely to surge. In March 2018, the consortium of APAC network operators signed a contract with NEC Corporation, a Japan-based company to design a submarine cable (SJC2), which connects Japan, Thailand, Singapore, Hong Kong, Cambodia, Vietnam, Taiwan, China, and Korea. Several companies contributed to the SJC2 cable, such as Chuan Wei, China Mobile International, Chunghwa Telecom, Singtel, KDDI, SK Broadband, VNPT, and Facebook.

NEC Corporation is an optical fiber provider, which was chosen by the SJC2 Consortium as the provider for the advanced optical fiber submarine cable system. The cable can carry ~18Tbps of capacity per fiber pair. Hence, such major agreements in the region drive the demand for fiber optic components in APAC.

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Market Insights-Fiber Optic Components Market
Rising Data Centers
The deployment of data center has witnessed a significant rise owing to the increasing adoption of digital technologies by organizations for various business operations across the world in recent years. The data centers act as a digital infrastructure to streamline and manage various digital operations, and act as a centralized platform to store and backup data. The data center requires various optical fibre components such as cables, amplifiers, splitters, connectors, circulators, and transceivers, which requires periodic retrofitting. Further, with the incremental improvements in edge computing and IoT backed by increasing investment for data centers and advanced technologies, and the proliferation of data by large organizations is projected to pave way for optic fiber component market. Meanwhile, the outbreak of COVID-19 has changed the operational way of organizations. Factor such as improved productivity of employees by working remotely and cost saving are expected to fuel the optic fiber component market.

The report segments the global Fiber Optic Components market as follows:
By Type
Cables
Active Optical Cables (AOC
Amplifiers
Splitters
Connectors
Circulators
Transceivers
Others

By Data Rate
10G
40G
100G
above 100G

By Application
Communications
Distributed Sensing
Analytical and Medical Equipment
Lighting

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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