Optical Fiber Market Size Report, Growth Analysis and Forecast 2030

Optical Fiber Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Step Indexed Optical Fiber and Graded Indexed Optical Fiber), Mode (Single Mode and Multi-Mode), Composition (Glass and Plastic), and End-User (Telecom and Networking, Industrial Automation, Medical, Defense, and Others)

  • Report Code : TIPTE100000234
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 194
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The optical fiber market is expected to grow from US$ 9.32 billion in 2022 and is expected to reach US$ 18.76 billion by 2030; it is estimated to record a CAGR of 9.1% from 2022 to 2030.

Analyst Perspective:

The increasing consumer demand for enhanced data capacity and broader coverage worldwide has paved the way for the emergence of the 5th generation wireless connection. This advanced technology is poised to revolutionize the telecommunications landscape by enabling the transmission of huge volumes of data while ensuring a more stable and reliable connection. The key factors that contribute to the impressive capabilities of 5G, including high-speed data transfer and improved throughput, are heavily reliant on robust optical fiber networks that span both wireless and wireline infrastructure. The achievement of the ambitious performance targets set for 5G networks depends on the widespread availability of extensive fiber connectivity. Currently undergoing testing in various markets, 5G was deployed on a large scale starting from 2020. This development holds significant implications for businesses operating in the telecommunications sector, as it creates opportunities for the demand for advanced connectivity solutions.

Moreover, the development of the optical fiber network is anticipated to be driven by the surge in consumer data demand and the rapid proliferation of Internet of Things (IoT) devices. Also, governments of numerous countries across the globe have made significant investments in optical fiber deployments, creating lucrative opportunities for the market growth. For instance, the US requires a substantial expansion of fiber-optic infrastructure within the next five to seven years to support the upcoming 5G wireless network, promote broadband competition, and provide rural broadband coverage. This necessitates an estimated investment of ~US$ 130–150 billion in fiber cable deployment. These developments highlight the immense potential for businesses operating in the telecommunications industry to capitalize on the growing demand for fiber-optic infrastructure and leverage the opportunities created by the 5G revolution, further fueling the optical fiber market growth.

Optical Fiber Market Overview:

An optical fiber, also known as an optic fiber, is a highly flexible glass or plastic fiber that enables the transmission of light signals from one end to another. These fibers play a crucial role in fiber-optic communications, offering the advantage of longer transmission distances and higher bandwidths compared to traditional electrical cables. The utilization of optical fibers is preferred to metal wires due to their lower signal loss and immunity to electromagnetic interference, which is a common issue faced by metal wires. In addition to telecommunications, optical fibers are extensively used for applications such as illumination, imaging, and carrying light or images into confined spaces, similar to the application of fiberscopes. Moreover, specialized fibers are employed for various purposes, including fiber optic sensors and fiber lasers.

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Optical Fiber Market: Strategic Insights

Market Size Value inUS$ 9.32 billion in 2022
Market Size Value byUS$ 18.76 billion by 2030
Growth rateCAGR of 9.1% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Optical Fiber Market Driver:

Increase in Adoption of Fiber-to-the-Home (FTTH) Connectivity Drive Optical Fiber Market Growth

The internet has become an indispensable element of daily life. Consumers rely on technology for everything, including communication, entertainment, and work. However, as the reliance on the internet has risen, so has the demand for more dependable and quicker access. Fiber-to-the-home (FTTH) broadband is a broadband technology that employs optical fibers to offer high-speed internet to residences. Unlike typical copper or coaxial cables, which are susceptible to signal loss and interference, optical fibers are constructed of glass or plastic. They can transfer data over considerably greater distances without signal degradation.

Traditional internet technologies cannot compete with quicker speeds and more dependable connections of FTTH. According to the study conducted by the Fiber Broadband Association (FBA), the number of residences in the US served by fiber internet surpassed 60 million in 2021, an increase of 12% from roughly 54 million in 2020. Moreover, the study also revealed that fiber internet is already available to 43% of American households and 60% of Canadian households. According to the survey, large market players such as Verizon, AT&T, and Lumen, are among the top five cable Management Services Organizations (MSOs) forming around 72% of all fiber internet connectivity, while Tier 2 regional operators such as Frontier, Windstream, TDS, and Consolidated accounted for 10% of the expansion.

In a very short period, FTTH broadband has come a long way. It was first utilized exclusively in a few industries, particularly for high-end corporate and government applications. However, as the need for faster and more dependable internet connections has increased, so has the use of FTTH broadband. Today, it is becoming more common in residential areas, and many internet service providers now provide FTTH broadband as a basic offering. Therefore, the increase in the adoption of FTTH connectivity drives the optical fiber market growth.

Report Segmentation and Scope:

The optical fiber market is segmented based on type, mode, composition, and end user. Based on type, the market is bifurcated into step indexed optical fiber and graded indexed optical fiber. In terms of mode, the market is divided into single mode and multi-mode. Based on composition, the market is bifurcated into glass and plastic. Based on end user, the market is segmented into broadcast, IT and telecommunications, industrial, medical, defense, and others. By geography, the optical fiber market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Optical Fiber Market Segmental Analysis:

Based on type, the optical fiber market is segmented into step indexed optical fiber and graded indexed optical fiber. The graded indexed optical fiber segment held a larger optical fiber market share in 2022 and is anticipated to record a higher CAGR in the market during the forecast period. Graded indexed optical fibers have a differentiating refractive index in the core that decreases while moving outward from the center of the core. The light, when passed through the medium, travels faster at the edge than at the center in curved paths. Graded indexed optical fiber can be multi-mode as well as single mode. The multi-mode graded indexed optical fiber has larger core diameters than step indexed ones and, hence, larger bandwidths. As a result of larger bandwidths, multi-mode graded indexed fibers are used for high-speed data transfer.

Optical Fiber Market Segmental Analysis:
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Optical Fiber Market Regional Analysis:

APAC held the largest optical fiber market share in 2022. Various countries in Asia Pacific are experiencing a dynamic shift toward the technologically advanced landscape with a key emphasis on projects in smart cities, such as the integration of the Internet of Things (IoT) and advancements of healthcare systems. Optical fiber supports these projects by offering a high speed and minimal latency for data transmission and communication in real-time. Furthermore, the increasing use of optical fiber connectors in the region is vital in facilitating reliable and high-speed communications interfaces, which, in turn, is driving the market.

One of the main factors propelling the market's expansion in Asia is the increasing use of fiber optic cables underwater. In addition to increasing network capacity and spectral efficiency, it has enhanced connectivity between nations. As the need for dependable connectivity and quick data transmission grows, underwater fiber optic cables will probably be utilized more frequently, which will help the regional market expand. For instance, the Asia-Africa-Europe 1 submarine (AAE-1) cable system connects several nations in Asia, the Middle East, Africa, and Europe over a distance of more than 25,000 kilometers. The deployment of the AAE-1 submarine cable system has greatly improved the area's use of deployed fiber. Furthermore, total fiber broadband in APAC accounted for more than 85.1% of the share of the residential fixed-line broadband subscriber base.

Optical Fiber Market Key Player Analysis:

Corning Inc, Prysmian SpA, Jiangsu Zhongtian Technology Co Ltd, Yangtze Optical Fibre and Cable Joint Stock Ltd, Fiberhome Telecommunication Technologies Co Ltd, Furukawa Electric Co Ltd, CommScope Holding Co Inc, Nexans SA, Sumitomo Electric Industries Ltd, and Coherent Corp are the key optical fiber market players profiled in the report.

Optical Fiber Market Recent Developments:   

The optical fiber market players highly adopt inorganic and organic strategies. A few recent key market developments are listed below: 

  • In September 2023, Corning Incorporated opened a new optical fiber manufacturing facility in Mszczonów, Poland, to meet the growing demand for high-speed connectivity in the European Union and surrounding regions. The facility, one of the largest optical fiber plants in the European Union, is Corning's latest in a series of global investments in fiber and cable manufacturing totaling more than US$ 500 million since 2020, supported by growing demand and strong customer commitments.
  • In April 2023, Prysmian Group introduced the first optical cables that are certified as environmentally friendly. The ECO CABLE products aim to meet the increasing demand for sustainability from the telecom market and all its stakeholders.
  • In March 2023, CommScope took strategic measures to enhance its production of fiber optic cables to support the rollout of telecommunications infrastructure in rural areas. In anticipation of increasing demands for Broadband Expansion and Deployment (BEAD), the company has significantly increased its manufacturing capacity for fiber optic cables within the US. Additionally, CommScope has introduced a new, lightweight fiber variant known as “HeliARC,” specifically designed to optimize performance in rural deployment scenarios. These initiatives demonstrate CommScope's commitment to meeting the unique requirements of rural connectivity and enabling the expansion of broadband services.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Mode, Composition, and End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions

Which is the leading type segment in the optical fiber market?

The graded indexed optical fiber segment led the optical fiber market with a significant share in 2022.

Which is the fastest-growing region in the optical fiber market?

Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period.

Which key players hold the major market share of the optical fiber market?

The key players holding majority shares in the optical fiber market include Corning Incorporated, Prysmian Group, CommScope, Sumitomo Electric Industries Ltd., and Yangtze Optical Fiber and Cable JSC Ltd.

What are the future trends of the optical fiber market?

The emergence of wavelength division multiplexing (WDM) technology is expected to drive the growth of the optical fiber market in the coming years.

What are the driving factors impacting the optical fiber market?

Adoption of fiber-to-the-home (FTTH) connectivity, widespread implementation of 5G, and rise in investments in optical fiber cable (OFC) Network Infrastructure are driving factors in the optical fiber market.

What is the estimated global market size for the optical fiber market in 2022?

The optical fiber market was estimated to be valued at US$ 9.32 billion in 2022 and is anticipated to grow at a CAGR of 9.1% over the forecast period.

What will the optical fiber market size be by 2030?

The optical fiber market is expected to reach US$ 18.76 billion by 2030.

The List of Companies - Optical Fiber Market

  1. Corning Inc            
  2. Prysmian SpA        
  3. Jiangsu Zhongtian Technology Co Ltd          
  4. Yangtze Optical Fibre and Cable Joint Stock Ltd       
  5. Fiberhome Telecommunication Technologies Co Ltd             
  6. Furukawa Electric Co Ltd                  
  7. CommScope Holding Co Inc            
  8. Nexans SA              
  9. Sumitomo Electric Industries Ltd                   
  10. Coherent Corp

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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