Press release
Major Market Shift in Fiber Optics Industry: Ultra-Low Loss (ULL) Submarine Optical Fibers to Enhance Network Reliability and Performance
Fiber Optics Market
The fiber optics industry has demonstrated robust expansion in the past few years. The market size will inflate from $7.93 billion in 2024 to $8.68 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.5%. The previous growth can be credited to numerous factors such as energy efficiency, population concentration, the advent of fiber to the home, the proliferation of the internet, and the rise in online transactions.
The anticipated expansion of the fiber optics market is robust, with a prediction to reach $12.32 billion by 2029, representing a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this projected growth during the forecast period include a decrease in the price of fiber optic components, the integration of fiber optics in biomedical applications, a rising fascination in space travel and satellite communications, and the sustained development of online schooling and remote education. Key advancements during this period will involve a larger emphasis on environmentally friendly solutions, growth in the electric vehicle sector, advancement in telemedicine, the rise of industrial automation, and the use of fiber optics in establishing digital twins.
What Are the Primary Growth Drivers for the Fiber Optics Market?
The fiber optics market is poised for expansion, spurred by an increasing necessity for high-bandwidth communication. This mode of communication pertains to the expedited transfer of data or signals, which enables the swift exchange of substantial volumes of information across a network or medium. The rapid dissemination of large data quantities over networks is a key factor contributing to the efficacy of high bandwidth communication. Through the emission of data as light pulses via slender threads of glass or plastic fibers, fiber optics caters to high bandwidth communication, thus supporting the transfer of considerable information quantities over protracted distances with insignificant signal degradation. For example, data from the UK Parliament's House of Commons Library revealed that as of January 2023, 72% of UK premises could take advantage of gigabit-capable broadband. This was an increase from 64% in January 2022, and a remarkable upturn from January 2021's 36%. Consequently, the surge in demand for high-bandwidth communication is fueling the expansion of the fiber optics market.
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Which Businesses Are at the Forefront of Fiber Optics Market Development?
Major companies operating in the fiber optics market are 3M Company, Sumitomo Electric Industries Ltd., Prysmian S.p.A., TE Connectivity Ltd., Corning Incorporated, Molex LLC, Amphenol Corporation, Yangtze Optical Fiber and Cable Joint Stock Limited Company (YOFC), Nexans S.A., Furukawa Electric Co. Ltd., CommScope Holding Company Inc., Fujikura Ltd., FiberHome Technologies Group, RS Components Pte Ltd, Lumentum Holdings Inc., Infinera Corporation, Viavi Solutions Inc., Hirose Electric Co. Ltd., Sterlite Technologies Limited, Glenair Inc., Applied Optoelectronics Inc., EMCORE Corporation, Optical Cable Corporation, Fibertronics Inc., Ratioplast Electronics H.Wiedemann GmbH
What Are the Latest Innovations in the Fiber Optics Market?
Key players in the fiber optics market are focusing on creating ultra-low loss (ULL) submarine optical fibers to increase the accuracy and effectiveness of the installation and maintenance of these cables, thereby enhancing overall network performance and reliability. Ultra-low loss (ULL) submarine optical fibers are state-of-the-art fibers purposed for submarine communication systems that cover immense distances across the seas. For example, in October 2023, Sumitomo Electric, a fiber optic cable manufacture company from Japan, introduced the 2C Z-PLUS Fiber ULL. This innovative fiber possesses two cores with the same exterior measurements as a normal single-core fiber, which effectively doubles the transmission capacity. At 1550 nm, the typical transmission loss is 0.158 dB/km, showcasing its ultra-low loss characteristic perfect for transoceanic underwater systems. It has a small counter-propagating inter-core cross-talk of -43 decibels or lower. Thus, the 2C Z-PLUS Fiber ULL is suitable for numerous uses, ranging from regional to transoceanic submarine network systems.
How Is the Fiber Optics Market Segmented?
The fiber optics market covered in this report is segmented -
1) By Type: Single Mode, Multi-Mode, Plastic Optical Fiber (POF)
2) By Deployment: Underground, Underwater, Aerial
3) By Application: Communication, Non-Communication
4) By Industry Vertical: Telecom, Oil And Gas, Tunnel, Medical, Railway, Other Industry Verticals
Subsegments:
1) By Single Mode: OS1 (Optical Single-Mode 1), OS2 (Optical Single-Mode 2), G.652 Fiber, G.657 Fiber
2) By Multi-Mode: OM1 (Optical Multi-Mode 1), OM2 (Optical Multi-Mode 2), OM3 (Optical Multi-Mode 3), OM4 (Optical Multi-Mode 4), OM5 (Optical Multi-Mode 5)
3) By Plastic Optical Fiber (POF): Step-Index POF, Graded-Index POF, Perfluorinated POF
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Where Is the Fiber Optics Market Growth Most Prominent?
Asia-Pacific was the largest region in the fiber optics market in 2024. The regions covered in the fiber optics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Fiber Optics Global Market Report?
- Market Size Analysis: Analyze the Fiber Optics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fiber Optics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fiber Optics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fiber Optics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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