Fiber Optic Components Market Size, & Industry Growth by 2027

report image

Fiber Optic Components Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Cables, Active Optical Cables (AOC), Amplifiers, Splitters, Connectors, Circulators, Transceivers, and Others); Data Rate (10G, 40G, 100G, and above 100G); Application (Communications, Distributed Sensing, Analytical and Medical Equipment, and Lighting)

Publication Month: Aug 2020 | Report Code: TIPRE00010537 | No. of Pages: 177 | Category: Electronics and Semiconductor | Status: Published

The fiber optic components market was valued US$ 16,546.7 million in 2019 and is expected to reach US$ 39,150.3 million by 2027; it is estimated to grow at a CAGR of 11.3% during 2020–2027.

The fiber optic components market is analyzed based on historical, current, and future trends across the region. The fiber optic components Fiber Optic Components market in APAC is further segmented into China, India, Japan, South Korea, Australia, and the Rest of APAC. The adoption of fiber optics is high in this region owing to development in the communications applications; thus, the fiber connectivity in this region is likely to surge. In March 2018, the consortium of APAC network operators signed a contract with NEC Corporation, a Japan-based company to design a submarine cable (SJC2), which connects Japan, Thailand, Singapore, Hong Kong, Cambodia, Vietnam, Taiwan, China, and Korea. Several companies contributed to the SJC2 cable, such as Chuan Wei, China Mobile International, Chunghwa Telecom, Singtel, KDDI, SK Broadband, VNPT, and Facebook.

NEC Corporation is an optical fiber provider, which was chosen by the SJC2 Consortium as the provider for the advanced optical fiber submarine cable system. The cable can carry ~18Tbps of capacity per fiber pair. Hence, such major agreements in the region drive the demand for fiber optic components in APAC.

In this region, 5G technology is likely to have a positive impact on the fiber optic industry for 5G network infrastructure. The upcoming 5G network installations would offer new market opportunities for fiber optic cables and other high-speed connectivity products. The fiber optic cables connect micro base stations and edge nodes in the 5G network infrastructure; this would be an important factor driving the demand for fiber optics. The 5G high reliability and low latency application need edge computing solutions, which are anticipated to surge the demand for fiber optic cables. APAC has arisen as the largest consumer market of the fiber optic cable industry owing to major investments by the government to deploy fiber optic cable. In the Association of Southeast Asian Nations (ASEAN) region, Singapore launched a 5G trial service. Vietnam, the Philippines, Malaysia, and Thailand are also likely to launch 5G in the coming years. The mobile operators in the region have invested US$ 370 billion to build 5G networks as per Global System for Mobile Communications (GSMA). World’s first nationwide 5G networks went live in South Korea in 2019. It is projected that 5G would contribute ~US$ 900 billion to the region’s economy during the next 15 years. Thus, high emphasis on 5G networks demands fiber optic components.

In the SAM region, Brazil holds a significant market share. The increased investment in fiber optic components by the masses across the region has driven the market growth. However, the ongoing COVID-19 outbreak is anticipated to affect economic growth, and thus the number of business and financial transactions in this region. Hence, the y-o-y growth of the market will get affected in 2020 and 2021, owing to business shutdowns and trade disruptions.   

Impact of COVID-19 Pandemic on Fiber Optic Components Market

According to the latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst affected countries due to COVID-19 outbreak. The outbreak first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the world.  The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020 and likely in 2021. The outbreak has created significant disruptions in the construction sector. The sharp decline in the international trade is negatively impacting the growth of the global economy. The production shutdowns, restrictions on supply chain, procurement management, labor scarcity, and border lockdowns to combat and contain the outbreak have adversely affected the construction sector. The production slowdown in the construction industry is directly affecting the adoption of various ad-hoc technologies and solutions such as fiber optic components, as the telecommunication companies have reduced their spending on adopting several technology solutions to deal with the current scenario.   

Lucrative Regional Fiber Optic Components Market

Lucrative Regional Fiber Optic Components Market

Get more information on this report :


Market Insights–Fiber Optic Components Market

Rising Data Centers

The deployment of data center has witnessed a significant rise owing to the increasing adoption of digital technologies by organizations for various business operations across the world in recent years. The data centers act as a digital infrastructure to streamline and manage various digital operations, and act as a centralized platform to store and backup data. The data center requires various optical fibre components such as cables, amplifiers, splitters, connectors, circulators, and transceivers, which requires periodic retrofitting. Further, with the incremental improvements in edge computing and IoT backed by increasing investment for data centers and advanced technologies, and the proliferation of data by large organizations is projected to pave way for optic fiber component market. Meanwhile, the outbreak of COVID-19 has changed the operational way of organizations. Factor such as improved productivity of employees by working remotely and cost saving are expected to fuel the optic fiber component market.

Type-Based Insights

Based on type, the fiber optic components market is segmented into cables, active optical cables (AOC), amplifiers, splitters, connectors, circulators, transceivers, and others. The cables segment held the highest market share in 2019 owing to its growing demand in various applications. Optical fiber cables used for communication are mostly made from silica, which, in pure form, has a low loss in the infrared region of the optical spectrum.   

Fiber Optic Components Market, by Type – 2019 and 2027

Fiber Optic Components Market, by Type – 2019 and 2027

Get more information on this report :


Mode of Data Rate -Based Insights

Based on mode of data rate, the fiber optic components market is segmented into 10G, 40G, 100G, and above 100G. The 100G segment held the largest market share in 2019 since it improves optical channel capacity and support higher-rate client interfaces.

Application-Based Insights

Based on application, the fiber optic components market is segmented into communications, distributed sensing, analytical and medical equipment, and lighting. The communications segment held the largest market share in 2019. The principal driving force behind the extensive use of fiber optics communication is the increasing consumer and commercial market for internet services and telecommunication capacity.

Strategic Insights

Report Coverage - Fiber Optic Components Market
Report CoverageDetails
Market Size Value inUS$ 16,546.7 Million in 2019
Market Size Value byUS$ 39,150.3 Million by 2027
Growth rateCAGR of 11.3% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages177
No. of Tables83
No. of Charts & Figures87
Historical data availableYes
Segments coveredType ; Data Rate ; Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In 2020, Fujitsu Optical Components Limited (FOC) introduced compact and low power consumption 400Gbps ZR transceivers. These transceivers are compliant to the Optical Internetworking Forum (OIF) Implementation Agreement 400ZR for cloud data center interconnects (DCI) of up to 120km transmission.
  • In 2019, Lucent Technologies announced that it has completed the sale of its Atlanta-based Optical Fiber Solutions (OFS) business to Tokyo's Furukawa Electric Co. Ltd. Lucent will receive US$2.3 billion from Furukawa for the major portion of the business, US$225 million less than originally agreed.   

Fiber Optic Components Market – By Type

  • Cables
  • Active Optical Cables
  • Amplifiers
  • Splitters
  • Connectors
  • Circulators
  • Transceivers
  • Others

Fiber Optic Components Market – By Data Rate

  • 10G
  • 40G
  • 100G
  • Above 100G

Fiber Optic Components Market – By Application  

  • Communications
  • Distributed Sensing
  • Analytical and Medical Equipment
  • Lighting  

Fiber Optic Components Market – Companies Profiles

  • Accelink Technology Co. Ltd.
  • Broadcom, Inc.
  • EMCORE Corporation
  • Fujitsu Limited
  • Furukawa Electric Co. Ltd.
  • II-VI Incorporated
  • Lumentum Operations LLC
  • O-Net Technologies (Group) Limited
  • Reflex Photonics Inc.
  • Sumitomo Electric Industries, Ltd.         

Frequently Asked Questions

The North America region led the cold chain market in 2019. . Technological advancements have led to highly competitive markets across North America, with the US being a developed country in terms of acceptance of modern technology electronic components. The region hosts several technological giants that invest significant amounts in the development of robust technologies. With the growing demand for better quality and efficiency of electronic devices among North Americans, the OEMs focus on the development of advanced technological components. The fiber optic components market is anticipated to grow further in the region owing to growing industrialization and infrastructural development. The government focuses on investing in telecommunication infrastructure since it spurs economic growth and creates employment. The telecom infrastructure investment levels in the US are significantly higher than in other countries such as Japan and South Korea. Besides, investment per capita in the US has been growing at an impressive rate each year.
The deployment of data center has witnessed a significant rise owing to the increasing adoption of digital technologies by organizations for various business operations across the globe in recent years. The data centers act as a digital infrastructure to streamlined, manage various the digital operations, and act as centralized platform to store and backup data. The data center requires various optical fibre components such as cables, amplifiers, splitters, connectors, circulators, transceivers etc., and which requires periodic retrofitting. Furthermore, with the incremental improvements in edge computing and IoT backed by increasing in investment for data centers and advanced technologies, and the proliferation of data by large organizations is projected to pave way for optic fiber component market. Meanwhile, the outbreak of COVID-19 has changed the way organizations are operating, factor such as improved productivity of employees by working remotely and cost saving are among other attributes which is expected to fuel the optic fiber component market.
Optical fiber cables used for communication are mostly made from silica, which, in pure form, has a very low loss in the infrared region of the optical spectrum. An optical fiber is constructed with a higher index of refraction with a cylindrical core than the cladding material. This difference in the refraction index gives the fiber its light guiding properties. The index of refraction of either the core or the cladding is changed from pure silica values by incorporating small amounts of doping materials, such as phosphorus and germanium. In fiber-optic communications, single-mode and multimode fiber constructions are used depending on the application. In multimode fiber, light travels through the fiber following different light paths called modes. In a single-mode fiber, only one mode is propagated straight through the fiber.

The List of Companies - Fiber Optic Components Market

  1. Accelink Technology Co. Ltd.
  2. Broadcom, Inc.
  3. EMCORE Corporation
  4. Fujitsu Limited
  5. Furukawa Electric Co. Ltd.
  6. II-VI Incorporated
  7. Lumentum Operations LLC
  8. O-Net Technologies (Group) Limited
  9. Reflex Photonics Inc.
  10. Sumitomo Electric Industries, Ltd.
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the fiber optic components market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to type, data rate and application.
TIPRE00010537
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




tip-analyst

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak To Analyst
Pricing
  • $3000
  • $4550 $3640
  • $6550 $5240
  • $8550 $6840

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount