Fiber Optic market will reach at USD 14.34 billion by 2032, CommScope, Amphenol, Molex, Sumitomo Electric, Nexans Cabling solutions, Radiall, 3M, JAE, HUBER + SUHNER, Corning, Yazaki, Senko, Rosenberger-OSI, Delphi, AFL, LEMO, Hirose, FIT, China Fiber Opt

the fiber optics market is projected to grow from USD 5.9 billion in 2022 to reach USD 14.34 billion by 2032; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.9% from 2022 to 2032.

The growth of this market is driven by factors such as growing internet penetration and data traffic, rising number of data center facilities worldwide, and mounting demand for high bandwidth.

The global market size of Fiber Optic will reach (2028 Market size $$) million $ in 2027 with a CAGR of % from 2022-2027.

Some of the Major Key players profiled in the study are CommScope, Amphenol, Molex, Sumitomo Electric, Nexans Cabling solutions, Radiall, 3M, JAE, HUBER + SUHNER, Corning, Yazaki, Senko, Rosenberger-OSI, Delphi, AFL, LEMO, Hirose, FIT, China Fiber Optic, Sunsea, Jonhon, Longxing, Ningbo Chitong, Huawei

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Restraint : Surging adoption of wireless communication systems compared to wired systems
Increasing adoption of wireless communication systems in place of wired systems is one of the major restraining factors for fiber optics manufacturers. In wireless communications systems, the data is transmitted from one point to another by using a microwave radio spectrum. The data is transferred from one central location to the receiving devices, antenna systems, and dishes. Fiber space optics (FSO) and radio frequency (RF) are the majorly used technologies for wireless communication. RF and FSO technologies provide non-interference with each other and require less capital for installation. As a result, these systems increase efficiency in communication applications compared to fiber optics technology. In addition, wireless communication systems are gaining traction over fiber optics, majorly in applications requiring a higher data transfer rate, further restraining the market growth.

Opportunity : Surging deployment of 5G communication networks
The extensive penetration of 5G across developed and developing economies will bring positive opportunities for fiber optics vendors in the market. 5G infrastructure is widely dependent on the adoption of optical fibers. These optical fibers can transfer an enormous amount of data at high transmission rates from one location to another. With the ongoing commercialization of 5G services, telecom service providers are emphasizing adding newer 5G base stations to gain a competitive advantage in the market. According to the Ministry of Industry and Information Technology (MIIT), China, the telecom service providers in China has deployed approximately 1.425 million 5G base station in the country as of March 2022. These base stations will support network traffic of over 500 million users nationwide..

Recent Developments
In May 2022, Corning Incorporated (US) announced the expansion of its MiniXtend cable portfolio, with the introduction of MiniXtend HD cables for 12 to 72 fibers and MiniXtend XD cables for 192 and 288 fibers. The new MiniXtend HD cables and MiniXtend XD cables deliver high density, duct space efficiency, and reduced carbon footprint.
In November 2021, Sumitomo Electric Industries, Ltd. (Japan) launched new ITU-T G.654.E terrestrial ultra-low-loss optical fibers and cables through its PureAdvance series. The new products, i.e., ultra-low-loss optical fibers and cables are suitable for broadband applications.

The world has entered the COVID-19 epidemic recovery period. In this complex economic environment, we published the Global Fiber Optic Market Status, Trends and COVID-19 Impact Report 2021, which provides a comprehensive analysis of the global Fiber Optic market , This Report covers the manufacturer data, including: sales volume, price, revenue, gross margin, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows the regional development status, including market size, volume and value, as well as price data. Besides, the report also covers segment data, including: type wise, industry wise, channel wise etc. all the data period is from 2015-2021E, this report also provide forecast data from 2021-2026.

Region Segmentation
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)

Fiber Optic Segmentation by Type:

FC Connector, SC Connector, LC Connector, ST Connector.

Fiber Optic Segmentation by Application:

Family, Commercial, Public, Others

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Cable Type Insights

In 2021, single mode fiber optics led the global fiber optics market with more than 50% of revenue share. Some of the prime factors supporting the growth of single mode segment includes high application for long distance communication along with increased application in data centers. As per a study conducted by in 2020, several companies and data centers are switching to sing mode fiber optic cables because of its high quality transmission. For instance, in 2020, Facebook has taken efforts to shorten their data cable links to 500m or less by deploying single mode fiber optics at lower cost. Similarly, Microsoft Azure, a leading service provider in cloud-based services has also opted single mode fiber optic cabling system for their data centers and presently more than 99% of their data centers is using single mode fiber optics. Besides all this, single mode fiber optics also find its prominent application in marine and sophisticated communication networks. The aforementioned factors are likely to propel the market demand for single mode fiber optics at a rapid rate during the forecast period.

Material Type Insights

Glass captured the highest revenue share in the global fiber optics market with more than 60% of the global revenue in 2021 owing to high penetration of the material in fiber optics market. However, plastic optical fiber registers the fastest growth opportunity over the upcoming period because of its dynamic applications coupled with cost saving feature. The core of the plastic optical fiber is made from polymer material that is less is cost compared to glass.

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