Europe Fiber Optics Market Size, Share & Trends Analysis Report By Type (Multi-mode, Single mode, and Plastic Optical Fiber (POF)), By Application, By Country and Growth Forecast, 2024 - 2031

The Europe Fiber Optics Market would witness market growth of 7.0% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Fiber Optics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $934.7 million by 2031. The UK market is registering a CAGR of 6.1% during (2024 - 2031). Additionally, The France market would witness a CAGR of 7.9% during (2024 - 2031).

In the medical field, fiber optics has opened new frontiers, particularly in minimally invasive procedures. Endoscopes and other imaging devices leverage its flexibility and precision to provide real-time visuals inside the human body, aiding diagnostics and surgery. Similarly, in the military and aerospace sectors, fiber optic systems are employed for secure communication, navigation, and sensing, where reliability under extreme conditions is paramount. Industrial applications include automation and robotics, where fiber optics supports high-speed data transfer for real-time control and monitoring. Additionally, the technology is used in sensing applications, such as detecting temperature, pressure, or structural integrity in infrastructure projects like bridges and pipelines. These diverse applications underscore the versatility of fiber optics and its ability to address specialized needs across domains.

Furthermore, the adoption of fiber optics has accelerated in recent years, driven by the increasing demand for high-speed and reliable connectivity. Governments, businesses, and service providers have recognized its value in bridging digital divides and enhancing infrastructure. Urban areas, in particular, have seen widespread deployment as part of efforts to modernize communication networks and support smart city initiatives. Rural and underserved regions are also witnessing gradual integration, often spurred by public-private partnerships aimed at expanding access to broadband services.

Italy’s healthcare sector saw ICT expenditures reach $1.98 billion in 2022, a 7% increase from 2021. With the government allocating €1.67 billion for electronic medical records (EMR) and e-health infrastructure under the National Recovery and Resilience Program (NRRP), fiber optics are essential for supporting high-speed healthcare data exchange. Additionally, telemedicine initiatives, receiving an extra €1 billion in funding, require fiber optic connectivity for seamless remote patient monitoring, high-definition video consultations, and secure medical data transmission. As Italy prioritizes digital healthcare transformation, fiber optics are becoming a critical component in hospital networks, diagnostics, and cloud-based medical services. Therefore, France’s aerospace sector, the UK’s space and drone industry, and Italy’s digital healthcare expansion are all driving demand for fiber optics.

Based on Type, the market is segmented into Multi-mode, Single mode, and Plastic Optical Fiber (POF). Based on Application, the market is segmented into Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Railway, and Other Application. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Corning Incorporated
• Prysmian Group
• Sumitomo Electric Industries, Ltd.
• Nexans S.A.
• Fujikura Ltd.
• Leoni AG
• Hengtong Group Co., Ltd.
• TE Connectivity Ltd.
• PCT International, Inc.
• Coherent Corp.

Europe Fiber Optics Market Report Segmentation

By Type

• Multi-mode
• Single mode
• Plastic Optical Fiber (POF)

By Application

• Telecom
• Oil & Gas
• Military & Aerospace
• BFSI
• Medical
• Railway
• Other Application

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe