Global Fiber Optic Components Strategic Market Report 2023-2030: A $24.2 Billion Market in 2022 - New Initiatives & New Uses to Widen the Addressable Market


Dublin, May 09, 2023 (GLOBE NEWSWIRE) -- The "Fiber Optic Components: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Fiber Optic Components Market to Reach $45 Billion by 2030

The global market for Fiber Optic Components estimated at US$24.2 Billion in the year 2022, is projected to reach a revised size of US$45 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030.

Transmitters / Receivers, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$20.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Connectors segment is readjusted to a revised 8.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 9.5% CAGR

The Fiber Optic Components market in the U.S. is estimated at US$4.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.6 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.5 Billion by the year 2030.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages882
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$24.2 Billion
Forecasted Market Value (USD) by 2030$45 Billion
Compound Annual Growth Rate8.1%
Regions CoveredGlobal

MARKET OVERVIEW

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Pandemic Exposes Weaknesses of Present Systems Totally Dependent on the Internet
  • Pandemic Impact on the Communications Technology Industry
  • An Introduction to Fiber Optics and Components
  • Fiber Optic Components
  • Product Segments: Fiber Optic Components
  • Market Overview
  • Developing Markets Drive Growth
  • Development of Telecommunications Sector: Key to Market Growth
  • Fiber Optic Connectors Power Telecom Infrastructure
  • Growth in Fiber Optic Network Deployments: Critical Driving Force
  • Recent Developments in Global Optical Fiber Cable Market
  • Growing Number of Multimode or Specialized Fiber Uses
  • Internet's Rising Contribution to Economy: Need for Optic Fiber Cable Networks
  • Rising Demand for High Bandwidth Applications Bodes Well for Components Market
  • Increasing Penetration of Internet Bolsters Fiber Optic Components Market
  • Growth in Internet Video to Trigger Use of Deployment of Optical Fiber Cable Systems
  • Competitive Landscape
  • Vertical Integration: A Key Competitive Advantage
  • Horizontal Integration: Another Key Weapon in Competitive Arsenal
  • Deregulation and Privatization of Telecom Sector Drives Fiber Optic Industry
  • Improving Quality of Fiber Optic Products: A Strategy to Withstand Competition
  • Reducing Installation Cost of Fiber Optic Networks
  • Utilities in Telecom Sector - Implications for the Fiber Optics Market
  • Fiber Optic Component Manufacturing: A Fragmented Marketplace
  • Recent Market Activity
  • Select Global Brands

MARKET TRENDS & DRIVERS

  • Widening Use Case of Fiber Optic Cables Triggers Robust Uptake of Fiber Optic Components
  • New Initiatives & New Uses to Widen the Addressable Market
  • Innovations & Advancements: Key to Market Growth
  • Growing Adoption of Data Intensive Internet Applications Creates the Need for Fiber Optics
  • Government Funding & Active Involvement of Private Players Ramp Up the Fiber Optics Market
  • Sustained Opportunities for Fiber Optic Connectors
  • Surging Demand for Fiber Optic Amplifiers Augurs Well
  • Fiber Optic Collimator Lens Assemblies Market in Growth Mode
  • Optical Isolators Market: An Insight
  • Fiber Optic Circulators Market: Dominated by 3-Port Circulators
  • Fiber Optic Fusion Splicer Market: Growth Driven by Asia-Pacific
  • Rising Demand for Fiber Optic Patch Cords Market
  • Fiber Optic Sensors Continue to Make Big Gains
  • Increasing Acceptance of Fiber Bragg Grating (FBG) Sensors
  • Fiber Optic Sensing Offers an Ideal Technology for Permanent Reservoir Monitoring
  • Growing Opportunities for Fiber Optics in Diverse Infrastructure Verticals Elevates Market Prospects
  • Healthcare Sector Evolves into a High-Growth Market for Fiber Optic Components
  • Key Areas for Optical Fiber Technology in Medical Sector
  • Military Applications: Niche End-Use Segment
  • Fiber Optics to Witness Growth in Avionics Sector
  • Undersea Applications Enhance Market Prospects
  • Rising Spending on Small Cell Backhaul Infrastructure Augurs Well
  • Rise in Data Storage Networks Sparks Up Demand for Fiber Optic Components
  • Advanced Fiber Optics and Use in Next Generation Networks
  • Free-Space Optics: An Alternative to Fiber Optic Cables
  • Strong Growth on the Cards for Passive Optical Components
  • Harsh Environment Fiber Optic Components Make a Cut
  • Two Way Communications: Uncertain Future Clouds Potential Opportunities
  • Issues Related to Piracy of Cable Programming Sent Over Fiber-Optic Cables

FOCUS ON SELECT PLAYERS (Total 301 Featured)

  • 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
  • Methode Electronics Inc.
  • Molex LLC
  • NEXANS SA
  • Nokia Corporation
  • Prysmian Group
  • Siemens AG
  • Sterlite Technologies Ltd.
  • Sumitomo Electric Industries, Ltd.
  • TE Connectivity Ltd.
  • Tellabs
  • Valdor Fiber Optics Inc.

For more information about this report visit https://www.researchandmarkets.com/r/ykw19x

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Global Market for Fiber Optic Components

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