Publication Month: Aug 2020 | Report Code: TIPRE00010537 | No. of Pages: 177 | Category: Electronics and Semiconductor | Status: Published
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.
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.
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.
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.
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.
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.
|Market Size Value in||US$ 16,546.7 Million in 2019|
|Market Size Value by||US$ 39,150.3 Million by 2027|
|Growth rate||CAGR of 11.3% from 2020-2027|
|No. of Pages||177|
|No. of Tables||83|
|No. of Charts & Figures||87|
|Historical data available||Yes|
|Segments covered||Type ; Data Rate ; Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue 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.
The List of Companies - Fiber Optic Components Market