Global fiber optic components market to reach $32.5 billion by 2026

What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors
  • Market presence in multiple geographies – Strong/Active/Niche/Trivial
  • Peer-to-peer collaborative online interactive updates
  • Access to our digital archives and the MarketGlass research platform
  • Free updates for one year

Editing: 18; Published: February 2022
Executive Pool: 18996
Companies: 301 – Players covered include 3M Company; ABB Ltd. ; Amphenol Corp.; Broadcom Inc.; Ciena Corporation; Corning Inc.; Diamond SA; EMCORE Corporation; Fujikura Ltd. ; Furukawa Electric Co., Ltd. ; Hirose Electric Co.,Ltd. ; Hitachi Metals, Ltd. ; HUBER+SUHNER AG; Japan Aviation Electronics Industry, Ltd. ; Lumentum Operations LLC; Electronic Method Inc.; Molex LLC; NEXANS SA; Nokia Corporation; Prysmian Group; Siemens AG; Sterlite Technologies Ltd. ; Sumitomo Electric Industries, Ltd. ; TE Connectivity Ltd. ; tellabs; Valdor Fiber Optique Inc. and others.
Blanket: All major geographies and key segments
segments: Type (transmitters/receivers, connectors, amplifiers, couplers, other types); Data range (10g, 40g, 100g, greater than 100g); Application (communication, non-communication)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

Free Project Preview – This is an ongoing global program. Preview our research program before making a purchasing decision. We provide free access to qualified executives in strategy, business development, sales and marketing, and product management roles at featured companies. Insights provide insider access to business trends; competing brands; profiles of experts in the field; and market data models and much more. You can also create your own bespoke report using our MarketGlass™ platform which offers thousands of bytes of data with no obligation to purchase our report. Registry overview

ABSTRACT-

Global fiber optic components market to reach $32.5 billion by 2026
Fiber optic technology is being adopted all over the world due to its innate advantages over traditionally used copper. Glass optical fiber has high tensile strength compared to all other media. The extremely high tensile strength of over 150 pounds for a two-fiber cable is approximately 8 times that of Category 5 unshielded twisted pair copper. The fiber is also relatively smaller and lighter than copper, making it easier to handle and requiring less space in narrow floors, ceilings and ducts. Field termination, splicing and testing of fiber optic cables and connectors is easier, eliminating traditional copper installation. Fiber optic technology has found applications in telecommunications, computer links, video transmissions, defense and certain industrial, medical and scientific fields. Fiber optic components basically consist of active equipment which is used to install and operate fiber optic networks and passive equipment which is part of other standard equipment for many applications. Amid COVID-19 crisis, Global Fiber Optic Components Market estimated at US$24.2 billion in 2022, is expected to reach a revised size of US$32.5 billion by 2026, growing at a CAGR of 8.2% over the analysis period. Transceivers, one of the segments analyzed in the report, is expected to grow at a CAGR of 8.6% to reach US$15.5 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Connectors segment is readjusted to a revised CAGR of 9% for the next 7-year period. This segment currently accounts for a 25.2% share of the global fiber optic component market.

The US market is estimated at $4.8 billion in 2022, when China is expected to reach $8.5 billion by 2026
The fiber optic components market in the United States is estimated at US$4.8 billion in 2022. The country currently accounts for a 20.3% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$8.5 billion in 2026 with a CAGR of 9.9% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 6.4% and 7.1% respectively over the analysis period. In Europe, Germany is expected to grow around 6.9% CAGR while the rest of the European market (as defined in the study) will reach US$9.2 billion at the end of the analysis period.

The market is expected to witness strong growth in the coming years, driven by the continued increase in demand for higher bandwidth and the consequent need for fiber-based broadband, robust growth in mobile internet , as well as strengthening FTTx-related deployments, especially in developing Asian countries, among others. Investments in Fiber-to-the-Home/Building (FTTH/B) will remain crucial for market growth. Liberalization of regulatory regimes in several countries and government support for FTTH/B deployment bode well for the market. Globally, the number of homes connected to fiber is expected to increase sharply, driven by major FTTH deployments by major operators in the North America, Asia Pacific and the EMEA. The use of broadband connections to enable telecommuting, telecommuting, home security, and home automation services is driving home developers to deploy fiber networks. The emergence of FTTH as the only solution to meet current and future data demands of a wired home network is poised to indirectly benefit the fiber optic component market. FTTB architecture is mainly deployed in regions such as South Korea, hong kongand Taiwan with high concentrations of population in urban areas dominated by apartment buildings. Furthermore, the income level of consumers has a direct correlation with the type of optical access deployment. As demand for fiber optics increases, the high costs associated with cables are discouraging widespread customer adoption. Additionally, the complexity involved in connecting various optical fibers, along with the difficulty associated with installing the repeaters, is hampering the growth of the market.

Amplifier segment to reach $3.8 billion by 2026
Fiber optic amplifiers are devices that are used to increase the power of optical signals, thereby extending the distance they can travel over the fiber before signal regeneration is required. Different types of amplifiers are used to suit different applications depending on the purpose and the network, i.e., single-mode fiber array, bi-directional, dispersion-shifted/non-dispersed fiber optic networks. Types of amplifiers include optical line amplifier/post amplifier, bi-directional optical line amplifier, and integrated amplifiers that are integrated inside transmitters. In the global Amplifiers segment, United States, Canada, Japan, China and Europe will drive the CAGR of 6.8% estimated for this segment. These regional markets representing a combined market size of US$1.8 billion will reach a projected size of US$2.9 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$666.1 million by 2026, while Latin America will increase at a CAGR of 7% over the analysis period. Continued

MarketGlass™ Platform
Our MarketGlass™ platform is a free comprehensive knowledge center that can be custom configured to meet the intelligence needs of today’s busy business executives! This interactive, influencer-focused research platform is at the heart of our core research engagements and draws on the unique perspectives of participating executives from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; profiles of competitive companies; interactive research modules; custom report generation; follow market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow domain events around the world; and much more. Client companies will have privileged access to the project’s data stacks. Currently used by over 67,000 domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our mobile application which has just been released on iOS Where android

About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
E-mail: [email protected]

CONNECTIONS
Join our group of experts
https://www.strategyr.com/Panelist.asp

Connect with us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow us on twitter
https://twitter.com/marketbytes

Journalists and media
[email protected]

SOURCE Global Industry Analysts, Inc.



Source link

Comments are closed.