Global Fiber Optics Market Expected to Grow with a CAGR of 10% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

DUBLIN--()--The "Fiber Optics Market by Cable Type (Single-mode, Multi-mode), Optical Fiber Type (Glass, Plastics), Application (Telecom, Premises, Utility, CATV, Military, Industrial, Sensors, Fiber Optic Lighting, Security, Metropolitan), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global fibre optics market size is projected to grow from USD 4.3 billion in 2019 to USD 6.9 billion by 2024, at a CAGR of 10.0%.

Increasing demand for the internet is expected to drive the fibre optics market.

The fibre optics market is mainly driven by the increasing demand for internet and growing need for Fiber To The x (FTTx). The internet is a global system of connected devices. Fibre optics acts as the backbone of the internet; optical fibre cable is used as the medium for transmitting information from one point to another. According to the International Telecommunication Union (ITU), 51.2% of the global population was using the internet in 2018. The growth rate of the number of the internet users was around 45% in the same year. The growing importance of cloud computing, data transfer and storage, and Internet of Things (IoT) is driving the use of the internet.

Glass is projected to account for the largest share of the overall fibre optics market, in terms of value, between 2019 and 2024.

Glass is the largest fibre type of fibre optics due to its increasing demand from various applications. The high performance and easy availability of glass fibre optics is driving the glass fibre optics market. North America and Europe are mature markets. On the other hand, the markets in APAC and the Middle East & Africa are growing because of the rapid industrial growth in these regions.

Single-mode is the largest cable type in the overall fibre optics market in terms of value.

The consumption of single-mode fibre optic is very high in the fibre optics market. The single-mode type optical cables are designed to transmit a single propagation mode per polarization direction for a given wavelength. Factors including changing demographic trends, increasing number of connected devices, and growth in penetration are expected to contribute to the growth of the single-mode cable type segment of the fibre optics market.

Rapid industrialization in APAC to drive the demand for fibre optics.

The APAC fibre optics market is projected to be the largest during the forecast period. The growing industrialization and infrastructural development in the region have offered enormous opportunities for the use of fibre optics across various applications in APAC. The major fibre optics markets in APAC are China, Japan, India, Australia, and South Korea. China is the major hub for manufacturing activities, globally, and is also one of the largest in terms of a number of internet users.

Also, China is the most populous country in the world, which has resulted in the growth of applications, such as telecom, premises, utility, CATV, and industrial. Moreover, countries including India and South Korea are also witnessing significant growth rates on account of the growing industrial activities in the region.

Reasons to Buy this Report

This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape; emerging and high-growth segments of the fibre optics market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights into the following pointers:

  • Market Penetration: Comprehensive information on fibre optics offered by top players in the global market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for fibre optics across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global fibre optics market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the fiber optics market

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Scope of the Market

1.3.1 Markets Covered

1.3.2 Years Considered for the Study

1.3.3 Currency

1.4 Stakeholders

1.5 Limitations

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.2 Primary Data

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.2 Top-Down Approach

2.3 Data Triangulation

2.3.1 Assumptions

3 Executive Summary

4 Premium Insights

4.1 Growth Opportunities for the Fiber Optics Manufacturers

4.2 Fiber Optics Market, By Region

4.3 Asia-Pacific Fiber Optics Market, By Country, and Application

4.4 Fiber Optics Market, By Key Country

4.5 Fiber Optics Market, By Application

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.3 Regulatory Framework

6 Industry Trends

6.1 Porter's Five Forces Analysis

6.1.1 Bargaining Power of Buyers

6.1.2 Bargaining Power of Suppliers

6.1.3 Threat of New Entrants

6.1.4 Threat of Substitutes

6.1.5 Intensity of Competitive Rivalry

6.4 Macroeconomic Indicators

6.4.1 GDP Trends and Forecast

6.4.2 Internet Users

7 Fibre Optics Market, By Cable Type

7.1 Introduction

7.2 Market Analysis, By Cable Type

7.2.1 Single Mode

7.2.2 Multi-Mode

8 Fibre Optics Market, By Optical Fiber Type

8.1 Introduction

8.2 Market Analysis, By Optical Fiber Type

8.2.1 Glass

8.2.2 Plastic

9 Fibre Optics Market, By Application

9.1 Introduction

9.2 Market Analysis, By Application

9.2.1 Communications

9.2.2 Non-Communications

10 Fibre Optics Market, Regional Analysis

10.1 Introduction

10.2 Asia-Pacific

10.2.1 Overview

10.2.2 Asia-Pacific: Fiber Optics Market Size, By Country

10.2.3 Asia-Pacific: Fiber Optics Market Size, By Optical Fiber Type

10.2.4 Asia-Pacific: Fiber Optics Market Size, By Cable Type

10.2.5 Asia-Pacific: Fiber Optics Market Size, By Application

10.2.6 Market Analysis, By Country

10.3 North America

10.4 Europe

10.5 Middle East & Africa

10.6 South America

11 Competitive Landscape

11.1 Introduction

11.2 Competitive Leadership Mapping, Tier 1 Companies

11.2.1 Visionary Leaders

11.2.2 Innovators

11.3 Strength of Product Portfolio

11.4 Business Strategy Excellence

11.5 Competitive Leadership Mapping (Small and Medium-Sized Enterprises)

11.5.1 Progressive Companies

11.5.2 Responsive Companies

11.5.3 Starting Blocks

11.6 Strength of Product Portfolio

11.7 Business Strategy Excellence

11.8 Market Share Analysis

11.9 Competitive Scenario

12 Company Profiles

12.1 Corning Inc.

12.2 Prysmian Group

12.3 Finisar

12.4 AFL Global

12.5 Sumitomo Electric Industries (SEI)

12.6 LS Cable & System

12.7 Leoni AG

12.8 Furukawa Electric

12.9 Finolex

12.10 Sterlite Technologies Limited

12.11 Optical Cable Corporation

12.12 Fujikura Limited

12.13 Yangtze Optical Fiber & Cable Co., Ltd.

12.14 Other Market Players

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900