Global Fiber Optics Market Growth 2023-2029

Global Fiber Optics Market Growth 2023-2029

Fiber optics is the technology used to transmit information as pulses of light through strands of fiber made of glass or plastic over long distances.

Optical fibers are about the diameter of a strand of human hair and when bundled into a fiber-optic cable, they’re capable of transmitting more data over longer distances and faster than other mediums.

Fiber optics has been used in the medical industry for years. The physical characteristics of fiber make it a natural choice for many different applications. Commonly used for illumination, flexible image bundles, light conductors, flexible light guides, laser delivery systems, and equipment interconnects, fiber optics provide a very compact, flexible conduit for light or data delivery in equipment, surgical, and instrumentation applications.

Traditional medical fiber optic applications include light therapy, x-ray imaging, ophthalmic lasers, lab and clinical diagnostics, dental hand pieces, surgical and diagnostic instrumentation, endoscopy, surgical microscopy, and a wide range of equipment and instrument illumination.

LPI (LP Information)' newest research report, the “Fiber Optics Industry Forecast” looks at past sales and reviews total world Fiber Optics sales in 2022, providing a comprehensive analysis by region and market sector of projected Fiber Optics sales for 2023 through 2029. With Fiber Optics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fiber Optics industry.

This Insight Report provides a comprehensive analysis of the global Fiber Optics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fiber Optics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fiber Optics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fiber Optics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fiber Optics.

The global Fiber Optics market size is projected to grow from US$ 9743.7 million in 2022 to US$ 16800 million in 2029; it is expected to grow at a CAGR of 16800 from 2023 to 2029.

Fiber Optics are mainly classified into the following types: Single-Mode Optical Fiber and Multi-Mode Optical Fiber. Single-Mode Optical Fiber is the most widely used type which took up about 98 % of the total in 2019.

Fiber Optics have wide range of applications, such as IT and Telecoms, Medical, Robotics, etc. And IT and Telecoms was the most widely used area which took up about 83% of the global total in 2019.

APAC is the largest region of Fiber Optics in the world in the past few years and it will keep increasing in the next few years. APAC market took up about 52% the global market in 2019, while Americas and Europe were about 26%, 16%.

Prysmian, Hentong, Furukawa, Corning, YOFC, Futong, Sumitomo, Tongding Optic-Electronic, CommScope, etc. are the key suppliers in the global Fiber Optics market. Top 5 took up more than 40% of the global market in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Fiber Optics market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Multi-Mode Fiber Optics
Single-Mode Fiber Optics

Segmentation by application
IT and Telecoms
Medical
Robotics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Prysmian
Hentong
Furukawa
Corning
YOFC
Futong
Sumitomo
Tongding Optic-Electronic
CommScope
STL
FiberHome
Jiangsu Etern
ZTT
Fasten
Nexans
LS Cable and System

Key Questions Addressed in this Report

What is the 10-year outlook for the global Fiber Optics market?

What factors are driving Fiber Optics market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Fiber Optics market opportunities vary by end market size?

How does Fiber Optics break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.