Fiber material

Global Fiber Optic Market Snapshot to 2030 – Featuring Huawei Technologies, Bentley Systems, ADTRAN, and Technicolor, Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Report “Fiber Optic Market Size, Share, Trends, By Component, By Fiber Optic Type, By Application, By Cable Type, And Region To 2030” has been added to from ResearchAndMarkets.com offer.

The global fiber optic market size is expected to reach USD 11.18 billion in 2030 and register a CAGR of 9.3% over the forecast period, according to the latest report.

The advent of fiber optics has shaken up the telecommunications industry, offering high-speed data transfer with low power consumption. The report further mentions that the COVID-19 outbreak has created an unprecedented demand for fiber optics in the healthcare industry for real-time patient monitoring and other applications, which is further expected to drive growth. market during the forecast period.

Rising demand for high-speed internet and increasing adoption of cloud services are some of the factors expected to drive the growth of the fiber optic market. Growing investment by various government agencies in the deployment of fiber optics is another factor that is expected to drive the growth of the market. The growing demand for data centers and 5G is expected to create new opportunities for the fiber optic market over the forecast period.

Fiber optic cable consists of a core of glass or plastic, surrounded by one or more layers of coating material. The coating reflects light back to the core, preventing it from escaping. This allows signals to be sent over long distances without losing signal strength. Optical fiber enables video on demand, computer networking and very high speed digital content delivery over long distances. The technology is used in two ways: In telecommunications, optical fiber has largely replaced copper wire as the medium for transporting voice, data and video traffic over long distances. In cable television (CATV), optical fiber is used to deliver digital television and other services to homes and businesses.

The increasing deployment of fiber optics in telecommunications and data communications is fueling the growth of the fiber optics market. Optical fibers are used for the transmission of light signals over long distances and have low attenuation compared to metal wires. The advantages of fiber optics over traditional copper wires include higher bandwidth, less weight, no leakage of electromagnetic energy, and resistance to environmental conditions such as humidity, heat, and corrosion.

Some highlights of the report

  • On January 3, 2022, Cable One Inc. (NYSE: CABO) announced that it had acquired fiber optic service provider Clearwave Communications for an undisclosed amount. This move will strengthen Cable One’s existing broadband footprint and help the company provide even faster Internet speeds to its customers.

  • On the basis of type, the fiber optic market has been categorized into single mode and multimode. The single-mode segment is expected to grow at a steady rate over the forecast period owing to its growing adoption in long-haul applications such as data centers and enterprise networks.

  • The healthcare sector is one of the major end users of fiber optics, and the fiber optic market in healthcare is expected to grow at a CAGR of 9.8% during the forecast period. The demand for fiber optics in healthcare has increased due to the need for real-time patient monitoring and data transmission. Rising adoption of connected devices and growing demand for remote patient monitoring are some of the factors that are expected to drive the growth of the fiber optic in healthcare market over the forecast period.

  • The automotive industry is another major end-user of optical fiber, and the automotive fiber optic market is expected to grow at a CAGR of 8.9% during the forecast period. The demand for automotive fiber optics has increased due to the need for high-speed data transmission and connectivity. Rising adoption of connected and autonomous vehicles is one of the major factors expected to drive the growth of the fiber optic in automotive market over the forecast period.

Companies cited

  • Huawei Technologies Co.Ltd.

  • Bentley Systems Incorporated

  • ADTRAN Inc.

  • Technicolor

  • Cable Labs

  • Sumitomo Electric Industries Ltd.

  • PCT International Inc.

  • Fujikura Ltd.

  • Twinstar Technologies Co.Ltd.

  • Altair Engineering Inc

For the purpose of this report, the editor has segmented the global fiber optic market based on component, fiber optic type, application, cable type and region:

Components Outlook (Revenue, USD Billion; 2018-2030)

  • Material

  • Couplers

  • Connectors

  • Transmitters

  • amplifiers

  • Receivers

  • Others

  • Software

Fiber Optic Type Outlook (Revenue, USD Billion; 2018-2030)

Application Outlook (Revenue, USD Billion; 2018-2030)

  • Health care

  • Telecommunication

  • petroleum gas

  • Banking, Financial Services and Insurance (BFSI)

  • Industrial

  • Aerospace and Defense

  • Government

  • Others

Cable Type Outlook (Revenue, USD Billion; 2018-2030)

Regional Outlook (Revenue, USD Billion; 2018-2030)

  • North America

  • Europe

  • Germany

  • Asia Pacific

  • Latin America

  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/9y9vnv