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Fiber Optics Market: By Cable Type, By Optical Fiber Type, By Application, By End-User Industry, and Region Forecast 2019-2030
Fiber Optics Market size was valued at US$ 5.4 billion in 2023 and is expected to reach US$ 11.7 billion by 2030, at a CAGR of 11.2% from 2024-2030. Its higher security over conventional fibers, advancement in technology, increasing demand for high bandwidth communication, increased applications of optical fibers over different sectors, and rise in R&D activities for the development of the market are the major factors that are driving the growth of the global market over the forecast timeframe. An optical fiber is a translucent, flexible fiber that is used to transport light and is formed by drawing glass or plastic. Fiber-optic communications employs this sort of cable in a variety of ways, allowing transmission over longer distances and at higher bandwidths than wire lines. One of the primary factors driving the growth of the fiber optics industry is the rise in internet demand around the world.
The surge in demand from the telecom industry, electromagnetic interference, community access television (CATV), military, utilities, and linked devices, as well as advancements in technology that allow electronic devices to communicate via the Internet, are all driving market expansion. The market is also influenced by the deployment of fiber optic cables to send signals with less loss and digital data transmission via optic fibers. Rapid urbanisation and industrialization, a spike in investments, the expansion of end-use businesses, and application in residential, commercial, and government sectors all benefit the fiber optics industry.
Study Period
2024-2030Base Year
2023CAGR
11.2%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Advancement in communication technology is a key factor drive the global fiber optics market. Increase in demand for highly secure data transmission, data transmission with a very smaller amount of loss of signals, Moreover, the significance of cloud computing, storage & data transfer, and IoT is increased the use of Internet, which is a major factor for the increased demand for the market, as it is very important for data transmission. The increase in demand for the Internet is also through other important factors like increase in the use of internet by students for their studies so that the connection devices are increasing in houses, increase in the demand for Over-The-Top (OTT) video content, and the companies which uses internet for their works are also increasing nowadays. These are the major factors due to which the use of internet is increasing so that the use of optical fibers are increasing and these are all the factors believed to propel the global market over the forecast years.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 5.4 billion |
Market Size in 2030 |
US$ 11.7 billion |
Market CAGR |
11.2% |
By Cable Type |
|
By Optical Fiber |
|
By Application |
|
By End User |
|
By Region |
|
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The fiber optics market size was valued at US$ 5.4 billion in 2023 and is set to reach US$ 11.7 billion by 2030 at a CAGR of 11.2% from 2024-2030
The market key players are: Corning, Inc. (U.S.) Finisar (U.S.) Infinera Corporation (U.S.) LS Cable & System (South Korea) General Cable Corporation (U.S.) Furukawa Electric (Japan) General Cable Corporation (U.S.) AFL Global (U.S.) Leoni AG (Germany) Prysmian Group (Italy) Finolex Cables Limited (India) Sterlite Technologies Limited (India)
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Fiber Optics Market Introduction |
2.1.Global Fiber Optics Market - Taxonomy |
2.2.Global Fiber Optics Market - Definitions |
2.2.1.Cable Type |
2.2.2.Optical Fiber |
2.2.3.Application |
2.2.4.End User |
2.2.5.Region |
3. Global Fiber Optics Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Fiber Optics Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Fiber Optics Market By Cable Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Single mode |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Multi-mode |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Fiber Optics Market By Optical Fiber, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Glass optical fiber |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Plastics optical fiber |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Fiber Optics Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Communications |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Telecom |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Premises |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Utility |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. CATV |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Military |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Industrial |
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
7.8. Security |
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.8.3. Market Opportunity Analysis |
7.9. Metropolitan |
7.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.9.3. Market Opportunity Analysis |
7.10. Non-communications |
7.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.10.3. Market Opportunity Analysis |
7.11. Sensors |
7.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.11.3. Market Opportunity Analysis |
7.12. Fiber Optic Lighting |
7.12.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.12.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.12.3. Market Opportunity Analysis |
8. Global Fiber Optics Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. IT and Telecom |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. BFSI |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Defense and Aerospace |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Healthcare |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Manufacturing |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Government |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Other End-user Industries |
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
9. Global Fiber Optics Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10. North America Fiber Optics Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Cable Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Single mode |
10.1.2.Multi-mode |
10.2. Optical Fiber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Glass optical fiber |
10.2.2.Plastics optical fiber |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Communications |
10.3.2.Telecom |
10.3.3.Premises |
10.3.4.Utility |
10.3.5.CATV |
10.3.6.Military |
10.3.7.Industrial |
10.3.8.Security |
10.3.9.Metropolitan |
10.3.10.Non-communications |
10.3.11.Sensors |
10.3.12.Fiber Optic Lighting |
10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.IT and Telecom |
10.4.2.BFSI |
10.4.3.Defense and Aerospace |
10.4.4.Healthcare |
10.4.5.Manufacturing |
10.4.6.Government |
10.4.7.Other End-user Industries |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11. Europe Fiber Optics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Cable Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Single mode |
11.1.2.Multi-mode |
11.2. Optical Fiber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Glass optical fiber |
11.2.2.Plastics optical fiber |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Communications |
11.3.2.Telecom |
11.3.3.Premises |
11.3.4.Utility |
11.3.5.CATV |
11.3.6.Military |
11.3.7.Industrial |
11.3.8.Security |
11.3.9.Metropolitan |
11.3.10.Non-communications |
11.3.11.Sensors |
11.3.12.Fiber Optic Lighting |
11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.IT and Telecom |
11.4.2.BFSI |
11.4.3.Defense and Aerospace |
11.4.4.Healthcare |
11.4.5.Manufacturing |
11.4.6.Government |
11.4.7.Other End-user Industries |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
11.5.6.Rest of EU |
12. Asia Pacific (APAC) Fiber Optics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Cable Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Single mode |
12.1.2.Multi-mode |
12.2. Optical Fiber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Glass optical fiber |
12.2.2.Plastics optical fiber |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Communications |
12.3.2.Telecom |
12.3.3.Premises |
12.3.4.Utility |
12.3.5.CATV |
12.3.6.Military |
12.3.7.Industrial |
12.3.8.Security |
12.3.9.Metropolitan |
12.3.10.Non-communications |
12.3.11.Sensors |
12.3.12.Fiber Optic Lighting |
12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.IT and Telecom |
12.4.2.BFSI |
12.4.3.Defense and Aerospace |
12.4.4.Healthcare |
12.4.5.Manufacturing |
12.4.6.Government |
12.4.7.Other End-user Industries |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Fiber Optics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Cable Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Single mode |
13.1.2.Multi-mode |
13.2. Optical Fiber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Glass optical fiber |
13.2.2.Plastics optical fiber |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Communications |
13.3.2.Telecom |
13.3.3.Premises |
13.3.4.Utility |
13.3.5.CATV |
13.3.6.Military |
13.3.7.Industrial |
13.3.8.Security |
13.3.9.Metropolitan |
13.3.10.Non-communications |
13.3.11.Sensors |
13.3.12.Fiber Optic Lighting |
13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.IT and Telecom |
13.4.2.BFSI |
13.4.3.Defense and Aerospace |
13.4.4.Healthcare |
13.4.5.Manufacturing |
13.4.6.Government |
13.4.7.Other End-user Industries |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14. Latin America Fiber Optics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Cable Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Single mode |
14.1.2.Multi-mode |
14.2. Optical Fiber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Glass optical fiber |
14.2.2.Plastics optical fiber |
14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Communications |
14.3.2.Telecom |
14.3.3.Premises |
14.3.4.Utility |
14.3.5.CATV |
14.3.6.Military |
14.3.7.Industrial |
14.3.8.Security |
14.3.9.Metropolitan |
14.3.10.Non-communications |
14.3.11.Sensors |
14.3.12.Fiber Optic Lighting |
14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.IT and Telecom |
14.4.2.BFSI |
14.4.3.Defense and Aerospace |
14.4.4.Healthcare |
14.4.5.Manufacturing |
14.4.6.Government |
14.4.7.Other End-user Industries |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Corning, Inc. (U.S.) |
15.2.2.Finisar (U.S.) |
15.2.3.Infinera Corporation (U.S.) |
15.2.4.LS Cable & System (South Korea) |
15.2.5.General Cable Corporation (U.S.) |
15.2.6.Furukawa Electric (Japan) |
15.2.7.General Cable Corporation (U.S.) |
15.2.8.AFL Global (U.S.) |
15.2.9.Leoni AG (Germany) |
15.2.10.Prysmian Group (Italy) |
15.2.11.Finolex Cables Limited (India) |
15.2.12.Sterlite Technologies Limited (India) |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players