Global Fiber Optics Strategic Business Report 2023: Increased Uptake Across Diverse End-user Industries Favors Present & Future Expansion

DUBLIN, May 12, 2023 /PRNewswire/ -- The "Fiber Optics: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Fiber Optics Market to Reach $11.5 Billion by 2030

The global market for Fiber Optics estimated at US$5.8 Billion in the year 2022, is projected to reach a revised size of US$11.5 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2022-2030.

Single Mode, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$8.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Multi Mode segment is readjusted to a revised 8.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $781.8 Million, While China is Forecast to Grow at 10.4% CAGR

The Fiber Optics market in the U.S. is estimated at US$781.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel.

As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.

Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

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 Topics Covered:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of the Pandemic on Fiber Optics Industry
• An Introduction to Fiber Optics
• Optical Fiber
• Fiber Optic Cable
• Fiber Optics: Incredibly Thin Fibers Lighting High-Speed Data Transmission Revolution
• Limitations of Fiber Optics & Improvements Thereon
• Emerging Applications of Fiber Optics
• Global Market Prospects & Outlook
• Need for Higher Bandwidth in Modern Age Creates Ideal Fabric for Fiber Optics Market
• Focus on Scalable, High-Speed Communication Infrastructure Helps Fiber Optics Market Leap Forward
• Perceptible Factors Catalyzing Expansion of Global Fiber Optics Market
• Market Restrains
• Analysis by Application: Communication Remains Primary Application Segment
• Optical Fibers Need Further Improvements to Satiate Emerging Telecom Demands
• Competitive Landscape: Vendors Eye Product Development & Regional Expansion
• Recent Market Activity
• Select Global Brands

FOCUS ON SELECT PLAYERS (Total 95 Featured) 

• AFL
• Birla Furukawa Fiber Optics Limited
• Corning Incorporated
• Finolex Cables Limited
• Furukawa Electric Co. Ltd.
• General Cable Corporation
• General Cable Technologies Corporation
• Hewlett Packard Enterprise Company
• IBM Corporation
• Leoni AG
• LS Cable & System
• OFS Fitel, LLC
• Optical Cable Corporation (OCC)
• Oracle Corporation
• Prysmian Group
• Sterlite Technologies Limited
• Sumitomo Electric Industries, Ltd
• Yangtze Optical Fiber and Cable Co., Ltd. (YOFC)

MARKET TRENDS & DRIVERS

• Increased Uptake Across Diverse End-user Industries Favors Present & Future Expansion of Fiber Optics Market
• Ongoing Expansion in Optical Communication Domain Underpins Revenue Growth
• Healthy Trajectory in OTN & FTTx Verticals Augurs Well
• Rising IP Traffic & Escalating Bandwidth Needs Bring Fiber Optics to the Fore
• A Look Into Global Internet User Base & Usage Patterns
• Proliferation of Bandwidth-Intensive Applications Steers Internet Consumption Volumes
• Robust Spending on Fiber Optic Infrastructure Across Telecom Verticals to Sustain Market Momentum
• Data Center Trends Elevate the Market Potential of Fiber Optics
• Emphasis on DCI Approach Generates Novel Opportunities
• Smart Cities Concept to Underpin Sales Growth in the Coming Years
• Smart Homes to Progressively Drive the Demand for Fiber Optics
• Fiber Optic Technology Advances in Medical Industry Improve Patient Care
• Uptake of Loose-Tube & Tight-Buffered Cable Designs Remains Robust
• Sustained Demand for Single-Mode, Multi-Mode & POF Cables Augurs Well
• Glass Fiber Optics Remains the Dominant Category
• Novel Opportunities for Plastic Fibers
• Growing Demand for Active Optical Cables Bodes Well
• Rapidly Evolving Use Case of Fiber Optic Sensors Gives Impetus to Market Expansion
• Technology Improvements & Innovative Applications to Widen the Addressable Market
• Advanced Components & Sophisticated Working Principle Augment Demand
• Twisted Fiber Optic Light Enhances Internet Speed
• Advancements in PIC Technology

For more information about this report visit https://www.researchandmarkets.com/r/3o2zqc

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