Europe Fiber Optics Market Size, Share & Trends Analysis Report By Mode (Single-mode, Multi-mode, Plastic Optical Fiber), By Application (Military & Aerospace, Railway), By Country, And Segment Forecasts, 2024 - 2030
Europe Fiber Optics Market Growth & Trends
The Europe fiber optics market size is anticipated to reach USD 2.71 billion by 2030, expanding at a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the increased demand for high-speed internet connectivity, telecommunication infrastructure advancements, and fiber optic technology adoption in various industries. Fiber optics technology transmits data, voice, and video communications over long distances by sending light through thin glass or plastic fibers.
Technological advancements have been instrumental in boosting the expansion of the European fiber optics sector. The growth of cutting-edge technologies like 5G networks, the Internet of Things (IoT), and cloud computing heavily depends on fiber optics' swift and dependable connectivity. These advancements have spurred a demand for more sophisticated communication systems, driving the increased adoption of fiber optics throughout Europe.
The rise of cloud computing and data centers, the digital transformation of various sectors such as healthcare, finance, and education, and the push towards energy-efficient solutions and sustainable infrastructure are driving the adoption of fiber optics technology in Europe. Furthermore, implementing 5G technology necessitates strong and high-capacity networks to meet the rising data traffic and connectivity needs. Fiber optics are essential for supporting 5G networks by establishing a vital infrastructure that links cell towers and data centers.
Europe Fiber Optics Market Report Highlights
- Based on mode, the multi-mode segment accounted for the largest revenue share of 52.4% in 2023. Multi-mode fiber optics are well-suited for modern data needs like video streaming and cloud computing due to their ability to handle higher bandwidths, making them perfect for these data-intensive applications
- In terms of application, the medical segment is anticipated to register the fastest CAGR over the forecast period. Fiber optics in medical devices help improve patient care by allowing less invasive procedures, more rapid recovery, and better treatment results
- In November 2023, STL Tech expanded its production of fiber optics by establishing two new manufacturing facilities in Italy for a faster and more continuous supply chain. The company aims to accelerate the deployment of fiber infrastructure and 5G networks in Germany
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Mode
- 1.2.2. Application
- 1.2.3. Country scope
- 1.2.4. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
- Chapter 3. Europe Fiber Optics Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.1.1. Economical parallel processing set-up
- 3.4.1.2. Potential R&D in Europe fiber optics systems
- 3.4.2. Market Restraints Analysis
- 3.4.2.1. Lack of skilled workforce and high implementation cost
- 3.4.2.2. Vast demonstrative data requirement
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Europe Fiber Optics Market Analysis Tools
- 3.5.1. Porter’s Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
- Chapter 4. Europe Fiber Optics Market: Mode Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Europe Fiber Optics Market: Mode Movement Analysis, USD Million, 2023 & 2030
- 4.3. Single-Mode
- 4.3.1. Single-Mode Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Multi-Mode
- 4.4.1. Multi-Mode Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Plastic Optical Fiber
- 4.5.1. Plastic Optical Fiber Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- Chapter 5. Europe Fiber Optics Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Europe Fiber Optics Market: Application Movement Analysis, USD Million, 2023 & 2030
- 5.3. Telecom
- 5.3.1. Telecom Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Oil & Gas
- 5.4.1. Oil & Gas Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4.1.1. Material Sensing
- 5.4.1.1.1. Material Sensing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4.1.2. High bandwidth
- 5.4.1.2.1. High bandwidth communications Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4.1.3. Others
- 5.4.1.3.1. Others Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Military & Aerospace
- 5.5.1. Military & Aerospace Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5.1.1. Secure Communication
- 5.5.1.1.1. Secure Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5.1.2. Weapon System
- 5.5.1.2.1. Weapon System Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5.1.3. Surveillance System
- 5.5.1.3.1. Surveillance System Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5.1.4. Optical Computing
- 5.5.1.4.1. Optical Computing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5.1.5. UAV
- 5.5.1.5.1. UAV Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5.1.6. Military Vehicle Sensing
- 5.5.1.6.1. Military Vehicle Sensing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.6. BFSI
- 5.6.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7. Medical
- 5.7.1. Medical Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7.1.1. Endoscopy
- 5.7.1.1.1. Endoscopy Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7.1.2. MRI
- 5.7.1.2.1. MRI Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7.1.3. CT
- 5.7.1.3.1. CT Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7.1.4. PET
- 5.7.1.4.1. PET Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7.1.5. X-Ray
- 5.7.1.5.1. X-Ray Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7.1.6. Others
- 5.7.1.6.1. Others Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.8. Railway
- 5.8.1. Railway Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.8.1.1. Railway Maintenance
- 5.8.1.1.1. Railway Maintenance Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.8.1.2. Speed Monitoring
- 5.8.1.2.1. Speed Monitoring Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.8.1.3. Dynamic Load Calculation
- 5.8.1.3.1. Dynamic Load Calculation Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- Chapter 6. Europe Fiber Optics Market: Country Estimates & Trend Analysis
- 6.1. Europe Fiber Optics Market Share, By Country, 2023 & 2030, USD Million
- 6.2. Europe
- 6.2.1. Europe Fiber Optics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.2. Germany
- 6.2.2.1. Germany Fiber Optics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.3. UK
- 6.2.3.1. UK Fiber Optics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.2.4. France
- 6.2.4.1. France Fiber Optics Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Positioning
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.5.1. Expansion
- 7.5.2. Mergers & Acquisition
- 7.5.3. Partnerships & Collaborations
- 7.5.4. New Product Launches
- 7.5.5. Research And Development
- 7.6. Company Profiles
- 7.6.1. Coherent Corp.
- 7.6.1.1. Company overview
- 7.6.1.2. Financial performance
- 7.6.1.3. Product benchmarking
- 7.6.1.4. Strategic initiatives
- 7.6.2. Axjo Plastic AB
- 7.6.2.1. Company overview
- 7.6.2.2. Financial performance
- 7.6.2.3. Product benchmarking
- 7.6.2.4. Strategic initiatives
- 7.6.3. Corning Incorporated
- 7.6.3.1. Company overview
- 7.6.3.2. Financial performance
- 7.6.3.3. Product benchmarking
- 7.6.3.4. Strategic initiatives
- 7.6.4. Hexatronic Group
- 7.6.4.1. Company overview
- 7.6.4.2. Financial performance
- 7.6.4.3. Product benchmarking
- 7.6.4.4. Strategic initiatives
- 7.6.5. Linden Photonics, Inc.
- 7.6.5.1. Company overview
- 7.6.5.2. Financial performance
- 7.6.5.3. Product benchmarking
- 7.6.5.4. Strategic initiatives
- 7.6.6. Nexans
- 7.6.6.1. Company overview
- 7.6.6.2. Financial performance
- 7.6.6.3. Product benchmarking
- 7.6.6.4. Strategic initiatives
- 7.6.7. Panduit Corp.
- 7.6.7.1. Company overview
- 7.6.7.2. Financial performance
- 7.6.7.3. Product benchmarking
- 7.6.7.4. Strategic initiatives
- 7.6.8. Prysmian Group
- 7.6.8.1. Company overview
- 7.6.8.2. Financial performance
- 7.6.8.3. Product benchmarking
- 7.6.8.4. Strategic initiatives
- 7.6.9. STL Tech
- 7.6.9.1. Company overview
- 7.6.9.2. Financial performance
- 7.6.9.3. Product benchmarking
- 7.6.9.4. Strategic initiatives
- 7.6.10. TKH GROUP
- 7.6.10.1. Company overview
- 7.6.10.2. Financial performance
- 7.6.10.3. Product benchmarking
- 7.6.10.4. Strategic initiatives
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