Product Code: r12690
Fiber Optic Components Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fiber optic components market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for fiber optic components? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fiber optic components market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Cables; Active Optical Cables; Amplifiers; Splitters; Connectors; Circulators; Transceivers; Other Types
- 2) By Fiber Type: Glass; Plastic
- 3) By Application: Distributed Sensing; Analytical and Medical Equipment; Lighting; Communications
- Companies Mentioned: Coherent Corp.; Lumentum Holdings Inc.; Broadcom Inc.; Sumitomo Electric Industries Ltd.; Accelink Technologies Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Fiber optic components form the integral parts necessary for constructing fiber optic cables, enabling the transmission of information across extensive distances.
These components encompass various categories like cables, active optical cables, amplifiers, splitters, connectors, circulators, transceivers, and others. Cables represent assemblies of thick wires enclosed within rubber or plastic sheathing, functioning as conductors for transmitting optical or electrical signals. These cables are pivotal for high-performance networking and connectivity over long distances. The fibers utilized in these components are composed of materials like glass and plastic, catering to diverse applications such as distributed sensing, analytical and medical equipment, lighting, and communication networks.
The fiber optical components market research report is one of a series of new reports from The Business Research Company that provides fiber optical components market statistics, including fiber optical components industry global market size, regional shares, competitors with a fiber optical components market share, detailed fiber optical components market segments, market trends and opportunities, and any further data you may need to thrive in the fiber optical components industry. This fiber optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fiber optic components market size has grown strongly in recent years. It will grow from $26.19 billion in 2023 to $28.62 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. Historical growth can be attributed to the internet revolution and escalating data demand, advancements in fiber optics technology, the increasing need for global connectivity, the emergence and widespread adoption of cloud computing, and government initiatives and investments in technological infrastructure.
The fiber optic components market size is expected to see strong growth in the next few years. It will grow to $41.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The anticipated growth in the forecast period is driven by the growth of the Internet of Things (IoT), expansions in data center infrastructure, initiatives toward smart cities, the increasing prevalence of remote work, and the integration of renewable energy sources. Major trends expected during this period encompass advancements in mobile and wireless technologies, the expansion of 5G networks, progress in optical networking technologies, rapid digital transformation across industries, and the growing demand for increased bandwidth to support evolving connectivity needs.
The escalating demand for internet services is fueling the growth of the fiber optic components market. Fiber optic technology serves as the backbone of the internet, allowing faster transmission of large volumes of data across extensive distances. As per the International Telecommunication Union (ITU), global internet users surged by 782 million in 2021, reaching 63% of the global population, underlining the surge in internet usage. This rise in demand is a key driver behind the expansion of the fiber optic components market.
The proliferation of smart cities, utilizing ICT to enhance operational efficiency and infrastructure, is driving the demand for fiber optic components. These components facilitate seamless data exchange among various sensors, devices, and control centers within smart city infrastructures. Government initiatives, such as the Investment and Jobs Act allocating $500 million for smart city development in the United States and the substantial increase in India's funding for smart city development, signify the increasing investments and initiatives propelling the growth of the fiber optic components market.
Innovation remains a significant trend in the fiber optic components market, with major industry players focusing on technological advancements to solidify their market presence. For instance, Sumitomo Electric Industries Ltd. introduced the 'AirEB,' a multi-fiber connector with expanded beam technology, offering superior optical performance tolerance and cost advantages in terms of cleaning, maintenance, and productivity. This precision-molded connector is designed to perform exceptionally well in challenging environmental conditions.
Major companies in the fiber optic components sector are directing their efforts toward developing advanced technologies like photonics analyzers. Santec's launch of the Swept Photonics Analyzer (SPA-100) in February 2023 showcases significant technological advancements. Employing Optical Frequency Domain Reflectometry (OFDR), the SPA-100 enables precise testing of small-scale fiber optic and photonic devices, providing exceptional spatial resolution. This technology proves beneficial for evaluating compact fiber optic assemblies, silicon photonic circuits, and other miniature devices with high accuracy.
In August 2022, Lumentum Holdings Inc., a prominent US-based manufacturer and designer specializing in innovative optical networking and photonic products, successfully acquired NeoPhotonics Corporation for an undisclosed sum. This strategic acquisition strategically combines resources, fostering an opportunity for the development of high-speed optical components tailored for telecom networks and cloud infrastructure. The integration is poised to empower Lumentum in expanding and fortifying its photonics capabilities, driving innovation in product development and technology portfolios. NeoPhotonics Corporation, also based in the US, is recognized for its expertise in manufacturing and developing lasers and optoelectronic solutions specifically designed for internet and telecom networks. Through this acquisition, Lumentum aims to leverage NeoPhotonics' specialized technologies and solutions, enhancing its position and advancing its offerings in the rapidly evolving landscape of optical networking and photonics technologies.
Major companies operating in the fiber optic components market report are Coherent Corp., Lumentum Holdings Inc., Broadcom Inc., Sumitomo Electric Industries Ltd., Accelink Technologies Corporation, Acacia Communications Inc., EMCORE Corporation, Fujitsu Optical Components Limited, The Furukawa Electric Co. Ltd., Finisar Corporation, O-Net Technologies (Shenzhen) Group Co. Ltd., Oclaro Inc., Reflex Photonics Inc., TE Connectivity Ltd., Fiber Mountain, KAIAM Corporation, MW Technologies LDA, NeoPhotonics Corporation, Shenzhen Nokoxin Technology Co. Ltd., Amphenol Corporation, II-VI Incorporated, Prysmian Group, Yangtze Optical Fibre and Cable Joint Stock Limited Company, Fujikura Ltd., Corning Incorporated, Infinera Corporation, Ciena Corporation, FiberHome Telecommunication Technologies Co. Ltd., ZTE Corporation, and Huawei Technologies Co. Ltd.
Asia-Pacific was the largest region in the fiber optic components market share in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the fiber optic components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fiber optic components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fiber optic components market consists of sales of cladding, coating, core, cable jacket, and strengthening fibers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Fiber Optic Components Market Characteristics
3. Fiber Optic Components Market Trends And Strategies
4. Fiber Optic Components Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Fiber Optic Components Market Size and Growth
- 5.1. Global Fiber Optic Components Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Fiber Optic Components Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Fiber Optic Components Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Fiber Optic Components Market Segmentation
- 6.1. Global Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Cables
- Active Optical Cables
- Amplifiers
- Splitters
- Connectors
- Circulators
- Transceivers
- Other Types
- 6.2. Global Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Glass
- Plastic
- 6.3. Global Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Distributed Sensing
- Analytical and Medical Equipment
- Lighting
- Communications
7. Fiber Optic Components Market Regional And Country Analysis
- 7.1. Global Fiber Optic Components Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Fiber Optic Components Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Fiber Optic Components Market
- 8.1. Asia-Pacific Fiber Optic Components Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Fiber Optic Components Market
- 9.1. China Fiber Optic Components Market Overview
- 9.2. China Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Fiber Optic Components Market
- 10.1. India Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Fiber Optic Components Market
- 11.1. Japan Fiber Optic Components Market Overview
- 11.2. Japan Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Fiber Optic Components Market
- 12.1. Australia Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Fiber Optic Components Market
- 13.1. Indonesia Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Fiber Optic Components Market
- 14.1. South Korea Fiber Optic Components Market Overview
- 14.2. South Korea Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Fiber Optic Components Market
- 15.1. Western Europe Fiber Optic Components Market Overview
- 15.2. Western Europe Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Fiber Optic Components Market
- 16.1. UK Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Fiber Optic Components Market
- 17.1. Germany Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Fiber Optic Components Market
- 18.1. France Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Fiber Optic Components Market
- 19.1. Italy Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Fiber Optic Components Market
- 20.1. Spain Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Fiber Optic Components Market
- 21.1. Eastern Europe Fiber Optic Components Market Overview
- 21.2. Eastern Europe Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Fiber Optic Components Market
- 22.1. Russia Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Fiber Optic Components Market
- 23.1. North America Fiber Optic Components Market Overview
- 23.2. North America Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Fiber Optic Components Market
- 24.1. USA Fiber Optic Components Market Overview
- 24.2. USA Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Fiber Optic Components Market
- 25.1. Canada Fiber Optic Components Market Overview
- 25.2. Canada Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Fiber Optic Components Market
- 26.1. South America Fiber Optic Components Market Overview
- 26.2. South America Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Fiber Optic Components Market
- 27.1. Brazil Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Fiber Optic Components Market
- 28.1. Middle East Fiber Optic Components Market Overview
- 28.2. Middle East Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Fiber Optic Components Market
- 29.1. Africa Fiber Optic Components Market Overview
- 29.2. Africa Fiber Optic Components Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Fiber Optic Components Market, Segmentation By Fiber Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Fiber Optic Components Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Fiber Optic Components Market Competitive Landscape And Company Profiles
- 30.1. Fiber Optic Components Market Competitive Landscape
- 30.2. Fiber Optic Components Market Company Profiles
- 30.2.1. Coherent Corp.
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Lumentum Holdings Inc.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Broadcom Inc.
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Sumitomo Electric Industries Ltd.
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Accelink Technologies Corporation
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
31. Global Fiber Optic Components Market Competitive Benchmarking
32. Global Fiber Optic Components Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fiber Optic Components Market
34. Fiber Optic Components Market Future Outlook and Potential Analysis
- 34.1 Fiber Optic Components Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Fiber Optic Components Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Fiber Optic Components Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer