The fiber optic connectivity market is capturing a valuation of USD 3.1 billion in 2023 and is predicted to reach USD 7.7 billion by 2033. The market is registering a CAGR of 9.5% during the forecast period.
The low cost associated with data transfer is a key factor that is anticipated to flourish the growth of the global market during the forecast period. Demand for fiber optic technology in various industrial, submarine, and aircraft sectors influences the market's growth.
| Attribute | Details |
|---|---|
| Market CAGR (2023 to 2033) | 9.5% |
| Market Valuation (2023) | USD 3.1 billion |
| Market Valuation (2033) | USD 7.7 billion |
A few factors act as obstacles and hinder the market growth during the forecast period such as:
Some of the key trends of the fiber optics connectivity market include the growing adoption of electronic gadgets and the formation of a high volume of data traffic by many customers. The increasing demand for the Internet and initiatives to improve connectivity in emerging countries are creating opportunities, fueling the demand for the fiber optics connectivity market during the forecast period.
The global demand for the Internet, coupled with the rising need for FTTx, is a significant factor driving the fiber optics industry growth. IoT is an online integration of daily use devices (mostly machine-to-machine).
The increasing number of connected devices is estimated to result in great demand for high bandwidth, which is estimated to result in the growth of IoT.
Data center colocation services that use fiber optics to transfer information are estimated to also help to boost the growth of IoT. Several other factors, such as an increase in the number of connected devices in homes, growth in demand for OTT video content, and an increase in internet access, drive the demand for the Internet.
All these factors have increased the number of Internet users, which, in turn, has led to the increased use of optical fiber cables to transfer information over the Internet, driving the fiber optics market.
The market was valued at USD 2.1 billion in 2018 and secured USD 2.8 billion in 2022. The market is anticipated to secure a CAGR of 7.4% between 2018 and 2022.
The market grew steadily by increasing demand for reliable, high-speed internet connections, cloud computing services, and Internet of Things devices. The growing investments in regions such as Asia Pacific, North America, and Europe fueled the global market between 2018 and 2022.
The demand for fiber optic connectivity is rising in developing industries such as telecommunication, enterprises, and data centers. The government also played an essential role in expanding the broadband infrastructure, with several implemented programs surging the demand for fiber optic connectivity.
The market has been highly competitive in the recent period by present players and new market entrants to offer a wide range of fiber optic connectivity solutions. The increasing adoption of 5G networks and high capability expands the global market.
The global market can be segmented based on Component, Industry, and Region. Based on the Component, the market can be segmented into Hardware, Software, and Services.
According to the FMI, the market by Component for Hardware is projected to expand at a share of 61.3% in the global market during the forecast period.
Based on Industry, the market can be segmented into Mining, Oil & Gas, Wind Power, Electric Substation, and Smart Cities. Throughout the research, the Smart Cities segment is predicted to expand at a CAGR of 10.5% during the forecast period. The smart cities sector is anticipated to secure a share of 39.4% in the global market by 2033.s
| Countries | CAGR % 2033 to End of Forecast (2033) |
|---|---|
| The United States | 20.1% |
| Germany | 8.7% |
| Japan | 6.2% |
| Australia | 2.9% |
| China | 11.6% |
| India | 10.3% |
| The United Kingdom | 9.2% |
The global market is divided into North America, South America, Europe, Asia Pacific, the Middle East, and Africa based on geography. In 2022, the sales of fiber optic connectivity solutions in the United States were worth USD 414.2 million. The market in the United States is likely to reach a valuation of USD 1 billion by 2033 with a CAGR of 20.1%.
China is expected to reach a market size of USD 0.4 billion by 2033, representing a CAGR of 11.6% over the forecast period. Japan and the United Kingdom are expected to reach the same market size of USD 0.3 billion each by 2033, representing growth forecasts of 6.2% and 9.2%, respectively, throughout the forecast period.
North America region is expected to dominate the fiber optic connectivity market during the forecast period, attributed to the increase in web usage, online music, downloading files, watching videos on demand, etc., in the United States. Further, Europe and Asia Pacific are expected to generate maximum demand for fiber optic connectivity.
India is expected to reach a market size of USD 0.2 billion in 2033, representing a CAGR of 10.3% during the forecast period. India is the second leading telecom market in the world over a billion mobile subscribers. In India, high demand for next-gen services such as 5G, Internet of Things, and Artificial Intelligence is coming from both industry and government.
Adtell Integration, Adtran Inc., Broadcom, Cisco Systems Inc., Corning Incorporated, Fiber Optic Services (FOS), Finisar Corporation, Fujitsu Optical Components Ltd., Hamamatsu Photonics K.K., Huawei Technologies Co., HUBER+SUHNER AG, Infinera Corporation are the top companies in the global market.
With a sizable global market share, these main firms are concentrating on growing their consumer base in new countries. These businesses use strategic collaboration initiatives to grow their market share and profits.
Mid-size and small businesses, on the other hand, are expanding their market presence by gaining new contracts and entering new markets, thanks to technical developments and product innovations. The key companies that are adopting various marketing strategies to upsurge the global market include mergers, acquisitions, partnerships, agreements, and collaborations.
Recent Developments in the Global Market:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | The United States, The United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered |
Component, Industry, Region |
| Key Companies Profiled |
Adtell Integration; Adtran Inc.; Broadcom; Cisco Systems Inc.; Corning Incorporated; Fiber Optic Services (FOS); Finisar Corporation; Fujitsu Optical Components Ltd.; Hamamatsu Photonics K.K.; Huawei Technologies Co.; HUBER+SUHNER AG; Infinera Corporation; OptiLayer GmbH; Optiwave Systems, Inc.; ZTE Corporation |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 4: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: Latin America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 10: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 11: Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 12: Europe Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 13: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: South Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 15: South Asia Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 16: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 17: East Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 18: East Asia Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 19: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Oceania Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 21: Oceania Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 22: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 23: MEA Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 24: MEA Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Component, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Industry, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 13: Global Market Attractiveness by Component, 2023 to 2033
Figure 14: Global Market Attractiveness by Industry, 2023 to 2033
Figure 15: Global Market Attractiveness by Region, 2023 to 2033
Figure 16: North America Market Value (US$ Million) by Component, 2023 to 2033
Figure 17: North America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 18: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 28: North America Market Attractiveness by Component, 2023 to 2033
Figure 29: North America Market Attractiveness by Industry, 2023 to 2033
Figure 30: North America Market Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ Million) by Component, 2023 to 2033
Figure 32: Latin America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 43: Latin America Market Attractiveness by Component, 2023 to 2033
Figure 44: Latin America Market Attractiveness by Industry, 2023 to 2033
Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 46: Europe Market Value (US$ Million) by Component, 2023 to 2033
Figure 47: Europe Market Value (US$ Million) by Industry, 2023 to 2033
Figure 48: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 49: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 53: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 55: Europe Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 56: Europe Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 58: Europe Market Attractiveness by Component, 2023 to 2033
Figure 59: Europe Market Attractiveness by Industry, 2023 to 2033
Figure 60: Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: South Asia Market Value (US$ Million) by Component, 2023 to 2033
Figure 62: South Asia Market Value (US$ Million) by Industry, 2023 to 2033
Figure 63: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 64: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 65: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: South Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 68: South Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 69: South Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 70: South Asia Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 71: South Asia Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 72: South Asia Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 73: South Asia Market Attractiveness by Component, 2023 to 2033
Figure 74: South Asia Market Attractiveness by Industry, 2023 to 2033
Figure 75: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ Million) by Component, 2023 to 2033
Figure 77: East Asia Market Value (US$ Million) by Industry, 2023 to 2033
Figure 78: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 79: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 80: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: East Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 83: East Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 84: East Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 85: East Asia Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 88: East Asia Market Attractiveness by Component, 2023 to 2033
Figure 89: East Asia Market Attractiveness by Industry, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: Oceania Market Value (US$ Million) by Component, 2023 to 2033
Figure 92: Oceania Market Value (US$ Million) by Industry, 2023 to 2033
Figure 93: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: Oceania Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 98: Oceania Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 99: Oceania Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 100: Oceania Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 101: Oceania Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 102: Oceania Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 103: Oceania Market Attractiveness by Component, 2023 to 2033
Figure 104: Oceania Market Attractiveness by Industry, 2023 to 2033
Figure 105: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 106: MEA Market Value (US$ Million) by Component, 2023 to 2033
Figure 107: MEA Market Value (US$ Million) by Industry, 2023 to 2033
Figure 108: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 109: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 110: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 111: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 112: MEA Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 113: MEA Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 114: MEA Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 115: MEA Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 116: MEA Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 117: MEA Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 118: MEA Market Attractiveness by Component, 2023 to 2033
Figure 119: MEA Market Attractiveness by Industry, 2023 to 2033
Figure 120: MEA Market Attractiveness by Country, 2023 to 2033
Hardware segment holds high revenue potential.
The United States, China and India are estimated to dominate the global market.
The market is forecast to register a CAGR of 9.5% through 2033.
During 2018 to 2022, the market registered a CAGR of 7.4%.
The growing adoption of electronic gadgets are the current market trends.
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Fiber Optic Connectivity Market
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