How Has the Fiber Optic Components Market Size Evolved in Recent Years?
The fiber optic components market has seen considerable growth due to a variety of factors.
• In recent years, the market size of fiber optic components has witnessed noteworthy expansion. The market is projected to escalate from $28.14 billion in 2024 to $30.53 billion in 2025, marking a compound annual growth rate (CAGR) of 8.5%. Factors fueling this growth from the historic period include the internet revolution, an increase in data demand, developments in fiber optics, the need for global connectivity, the advent of cloud computing, and substantial governmental initiatives and investments.
What Are The Predictions for The Fiber Optic Components Market?
The Fiber Optic Components market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of fiber optic components is predicted to witness a swift expansion in the forthcoming years. The market is projected to surge to $45 billion by 2029, experiencing a compound annual growth rate (CAGR) of 10.2%.
This growth in the forecast period can be ascribed to factors such as the proliferation of the internet of things (IoT), expansion of data centers, initiatives related to smart cities, the upswing in remote working trends, and connectivity in renewable energy. The major trends expected during this forecast period involve mobile and wireless technologies, the spread of the 5g network, breakthroughs in optical networking, swift digital transformation, and a rise in bandwidth requirements.
Which Drivers Are Accelerating Growth In The Fiber Optic Components Market?
The escalating need for internet connectivity is predicted to significantly boost the fiber optic components market. The internet embodies a globally interconnected system facilitating communication as well as the availability of information resources. Acting as the mainstay of the internet, fiber optics serve as the primary channel for transmitting voluminous data at high rates over elongated distances. For example, a report by the International Telecommunication Union (ITU), a specialized agency of the UN based in Switzerland, showed that as of October 2023, an estimated 67% or 5.4 billion people, of the global population have internet access, marking a 4.7% surge compared to 2022 and a notable growth from a 3.5% rise between 2021 to 2022. Furthermore, it projects that the number of people without internet access will decline to around 2.6 billion, translating to about 33% of the population, by 2023. Consequently, this escalating need for internet connectivity is propelling growth in the fiber optic components market.
What Are The Core Segments Of The Global Fiber Optic Components Market?
The fiber optic components market covered in this report is segmented –
1) By Type: Cables, Active Optical Cables, Amplifiers, Splitters, Connectors, Circulators, Transceivers, Other Types
2) By Fiber Type: Glass, Plastic
3) By Application: Distributed Sensing, Analytical And Medical Equipment, Lighting, Communications
Subsegments:
1) By Cables: Single-Mode Fiber Cables, Multi-Mode Fiber Cables Active Optical Cables
2) By Active Optical Cables: Copper Active Optical Cables, Fiber Active Optical Cables Erbium-Doped Fiber Amplifiers (EDFA), Raman Amplifiers
3) Amplifiers: Erbium-Doped Fiber Amplifiers (EDFA), Raman Amplifiers
4) By Splitters: Optical Fiber Splitters (
1), PLC Splitters
5) By Connectors: SC Connectors, LC Connectors, ST Connectors
6) By Circulators: 1-Port Circulators, 2-Port Circulators
7) By Transceivers: SFP (Small Form-Factor Pluggable) Transceivers, QSFP (Quad Small Form-Factor Pluggable) Transceivers
8) By Other Types: Patch Panels, Fiber Optic Splice Closures
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Which Emerging Trends Are Reshaping The Fiber Optic Components Market Size?
The introduction of novel products is an emerging trend in the fiber optic components market. The major players in this specific market are focusing on the development of new technical breakthroughs to reinforce their market standing. For instance, in June 2024, Integra Optics, an American firm that provides carrier-grade fiber optic components, introduced their brand new SFP+ 10/2.5 G BiDi transceiver, crafted for XGSPON OLT applications. This invention simplifies network infrastructure by eliminating the necessity for external WDM equipment, thereby cutting down on construction and maintenance costs, while facilitating high-speed data rates of 10/2.5 Gbps over a single fiber strand for up to 20 kilometers. Moreover, it provides a smooth transition from GPON to XGS-PON without any need for alterations to the current infrastructure, positioning it as the perfect solution for broadband access and fiber-to-the-home networks.
Who Are the Key Players In The Fiber Optic Components Market?
Major companies operating in the fiber optic components market include:
• Coherent Corp.
• Lumentum Holdings Inc.
• Broadcom Inc.
• Sumitomo Electric Industries Ltd.
• Accelink Technologies Corporation
• EMCORE Corporation
• Fujitsu Optical Components Limited
• The Furukawa Electric Co. Ltd.
• O-Net Technologies (Shenzhen) Group Co. Ltd.
• Reflex Photonics Inc.
• TE Connectivity Ltd.
• Fiber Mountain
• MW Technologies LDA
• Shenzhen Nokoxin Technology Co. Ltd.
• Amphenol Corporation
• II-VI Incorporated
• Prysmian Group
• Yangtze Optical Fibre and Cable Joint Stock Limited Company
• Fujikura Ltd.
• Corning Incorporated
• Infinera Corporation
• Ciena Corporation
• FiberHome Telecommunication Technologies Co. Ltd.
• ZTE Corporation
• Huawei Technologies Co. Ltd.
What Are The Regional Insights Into The Fiber Optic Components Market?
Asia-Pacific was the largest region in the fiber optic components market share in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the fiber optic components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
