Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate, Application (Communications, Distributed Sensing, Lighting) and Region (2022-2027)
Updated on : October 23, 2024
The fiber optic components market is experiencing robust growth, driven by the increasing demand for high-speed internet connectivity and reliable data transmission across various sectors. As businesses and consumers alike seek faster and more efficient communication solutions, the adoption of fiber optic technology is becoming paramount in telecommunications, healthcare, and industrial applications. Key trends in this market include the expansion of data centers and the rollout of 5G networks, both of which require advanced fiber optic infrastructure to handle the massive data flow. Additionally, innovations in fiber optic components, such as passive optical networks (PON) and wavelength division multiplexing (WDM), are enhancing network performance and capacity. The growing emphasis on smart cities and the Internet of Things (IoT) further fuels the demand for fiber optic components, as these technologies rely heavily on high-bandwidth connections. With increasing investments in fiber optic infrastructure, the market is set to continue its upward trajectory, shaping the future of global communication networks.
Fiber Optic Components Market Size & Growth
The global fiber optic components market size is expected to grow from USD 24.5 billion in 2022 to USD 37.5 billion by 2027; growing at a CAGR of 8.9% during the forecast period from 2022 to 2027.
Key factors fueling this market's growth include increasing deployment of data centers; growing internet penetration and data traffic; and rising demand for bandwidth. Increase in adoption of fiber optic components in digital signage market; rise in demand for fiber optics due to reliability; and expansion of telecommunication infrastructure in developing economies create a strong demand for fiber optic components for efficient operations in the midst of COVID-19.
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Impact of Covid-19 on fiber optic components market
The fiber optic components market has witnessed unprecedented growth during the past decade on account of increasing deployments of data centers, growing internet penetration and data traffic, and the increasing demand for bandwidth and reliability. However, COVID-19 has dealt a severe blow to the industry, leading to the simultaneous collapse of both supply and demand. It has also resulted in a decline in the growth of the market. As a result of the COVID-19 outbreak, businesses worldwide have been impacted with revenue losses and disrupted supply chains as factory shutdowns and quarantine measures have been implemented worldwide, restricting movement and business activities. In addition, the economic impact is mounting, and the top economies of the world are likely to enter a period of recession. To provide a perspective on various scenarios, several factors that would influence the economic recovery of the fiber optic components market from the pandemic-induced global recession have been assessed in the report.
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Fiber Optic Components Market Trends and Dynamics
Driver: Increasing deployment of data centers
The rise in the deployment of data centers worldwide is driving the growth of the fiber optic components industry. Fiber optic components are used for both intra-data center as well as inter-data center communications. Optical interconnects used for intra-data center communication are used for transmitting data within data centers established in buildings or campuses. On the other hand, optical interconnects used for inter-data center communication operate at metro or long-haul interconnect levels as they are used for communication between two or more data centers. The optical line connecting two data centers can span thousands of kilometers and require high transmission rates. Therefore, these data centers require high data bandwidth to transmit large volumes of data over long distances. This leads to the demand for fiber optic components use in data centers.
Restraint: Prone to physical damage and transmission loss
Fiber optic components are expensive, fragile, and prone to transmission losses. They are so small that they can be easily damaged during renovations or rewiring. Fiber optic networks are also susceptible to fiber fuse as too much light would damage the fiber cable within a short period. Any material which is wrapped around the cable can also cut off the transmission. In addition, as fiber optic cables are delicate, they need to have strong, protective sheathing to suit the environment where they are to be installed.
Opportunity: Expansion of telecom infrastructure in developing economies
The expansion of telecommunications infrastructure will have a substantial and positive effect on developing countries. With the advent of IoT, AI, and Big Data, there is increasing demand for smart devices and other connected applications. The interconnected technologies across telecommunications sectors play an important role in capturing, translating, and transferring data into meaningful information, which is crucial for reinforcing urban infrastructure. The backbone for this kind of infrastructural development is a high-speed fiber optics network, which can transfer enormous amounts of data, at high speed, from one end to another.
Challenge: Threat to optical network security
Fiber optic–based storage and communication systems were deemed safer than the conventional copper cable-based systems, as hacking into data within a fiber optic–based system required extremely sophisticated technology, which is only available to government agencies. However, in recent times, inexpensive hardware and software have started emerging. Hardware devices such as optical/electrical converters transfer the converted signal via Ethernet connection. Moreover, hacking is also possible using sniffer software.
Fiber Optic Components Market Segmentation
Market for transceivers to hold the largest share in 2021
The market for transceivers accounted for the largest size in 2021. The increasing adoption of smart devices (such as smartphones, laptops, home assistants, IoT-based home security systems, and gaming consoles) and the rising data traffic are the key drivers for developing and using high-speed, coherent optical transceiver modules. Furthermore, various governments are taking initiatives to develop modular optical transceivers. Moreover, the introduction of 5G network and integration of artificial intelligence (AI) and Internet of Things (IoT) transformed the optical transceiver market significantly.
Market for communications to hold the largest share in 2021
The market for communications is estimated to account for the largest share fiber optic components market, in 2021. The communications application is expected to lead the market by 2027. The deployment of high-speed communication networks and shift toward high-date rate and bandwidth-intensive networks such as 4G, LTE, and 5G create a requirement for optical communication and networking equipment to handle the growing burden of the telecom networks.
Fiber Optic Components Industry Regional Analysis
Market in North America to hold the largest share
In terms of value, North America led the fiber optic components market in 2021, accounting for the largest share of the overall market, by region. Factors such as the robust presence of major companies in the region; high demand for data communication; increased use of communication devices, such as smartphones, tablets, and VoIP equipment; as well as the growing market for wearable devices and increasing deployment of data centers drive the growth of the fiber optic components market in this region.
Top Fiber Optic Components Companies - Key Market Players
- II-VI Incorporated (US),
- Lumentum Holdings Inc. (US),
- Broadcom Inc. (US),
- Sumitomo Electric Industries (Japan),
- Accelink Technologies (China),
- Oclaro (US),
- Acacia Communications, Inc. (US),
- EMCORE Corporation (US),
- Fujitsu Optical Components (Japan),
- Furukawa Electric (Japan) are a few major companies dominating the fiber optic components companies.
Fiber Optic Components Market Report Scope:
|
Report Metric |
Details |
|
Estimated Market Size |
USD 24.5 billion in 2022 |
|
Expected Market Size |
USD 37.5 billion by 2027 |
|
Growth Rate |
CAGR of 8.9% |
|
Market size available for years |
2018–2027 |
|
Base year |
2021 |
|
Forecast period |
2022–2027 |
|
Forecast Unit |
Value (USD Million/Billion) |
|
Segments covered |
Type, Data rate, Application, and Region |
|
Geographic regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
II-VI Incorporated (US), Lumentum Holdings Inc. (US), Broadcom Inc. (US), Sumitomo Electric Industries (Japan), Accelink Technologies (China), Oclaro (US), Acacia Communications, Inc. (US), EMCORE Corporation (US), Fujitsu Optical Components (Japan), and Furukawa Electric (Japan) |
This report categorizes the fiber optic components market share based on type, data rate, application, and region.
By Type:
- Cables
- Active Optical Cables
- Amplifiers
- Splitters
- Connectors
- Circulators
- Transceivers
- Others (Fiber Optic Filters, Fiber Optic Attenuators, Fiber Optic Multiplexers, And Fiber Optic Aggregators)
By Data Rate:
- Less than 10Gbps
- 10 Gbps to 40Gbps
- 41 Gbps to 100Gbps
- More than 100 Gbps
By Application:
- Distributed Sensing
- Analytical and Medical Equipment
- Lighting
-
Communications
- Telecommunications
- Data Centers
- Enterprises
By Geography:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Recent Developments in Fiber Optic Components Industry
- In June 2021, II-VI Incorporated (US) introduced high-efficiency, multifunctional meta lenses based on an II-VI proprietary platform that offers ultracompact optical sensors for a broad set of applications in consumer electronics, automotive, life sciences, and industrial markets. Optical sensors are increasingly embedded in diverse products.
- In December 2020, Broadcom Inc. (US) expanded its portfolio of high-performance 7nm 800G PAM-4 PHY devices for data centers, Cloud, and AI networks. The portfolio includes a new family of 800G optical PHY devices, the BCM8780X, optimized for QSFP-DD800 and OSFP transceiver module applications, and an 800G 8:8 retimer PHY device, the BCM87360, designed for line card applications.
- In November 2021, Lumentum (US) acquired NeoPhotonics Corporation, a US-based firm. The acquisition of NeoPhotonics expanded Lumentum's opportunity in some of the fastest-growing areas of the more than USD 10 Billion market for optical components used in Cloud and telecommunications network infrastructure.
Frequently Asked Questions (FAQ):
Which are the recent industry trends that can be implemented to generate additional revenue streams?
The increase in adoption in the digital signage market, rising demand for fiber optics due to reliability, and expansion of telecom infrastructure in developing economies are some of the major industry trends in the Fiber optic components market.
Who are the major players operating in the Fiber optic components market share? Which companies are the front runners?
II-VI Incorporated (US), Lumentum Holdings Inc. (US), Broadcom Inc. (US), Sumitomo Electric Industries (Japan), Accelink Technologies (China), Oclaro (US), Acacia Communications, Inc. (US), EMCORE Corporation (US), Fujitsu Optical Components (Japan), and Furukawa Electric (Japan) are some of the major vendors in the market.
What are the major applications of Fiber optic components market share?
Communications and distributed sensing are major applications of Fiber optic components market. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 FIBER OPTIC COMPONENTS MARKET: SEGMENTATION
1.3.1 GEOGRAPHIC SCOPE
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 VOLUME UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 31)
2.1 RESEARCH DATA
FIGURE 2 FIBER OPTIC COMPONENTS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Estimating market size by bottom-up approach (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Estimating market size by top-down approach (Supply side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
TABLE 1 ASSUMPTIONS FOR THE STUDY
3 EXECUTIVE SUMMARY (Page No. - 42)
FIGURE 7 FIBER OPTIC COMPONENTS MARKET, 2018–2027 (USD BILLION)
3.1 PRE-COVID-19 SCENARIO
3.2 POST-COVID-19 SCENARIO
FIGURE 8 TRANSCEIVERS SEGMENT TO HOLD LARGEST MARKET SHARE, BY TYPE, DURING FORECAST PERIOD
FIGURE 9 MARKET FOR CABLES, BY TYPE, 2022 VS. 2027
FIGURE 10 DISTRIBUTED SENSING SEGMENT TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
FIGURE 11 MARKET TO EXHIBIT HIGHEST GROWTH RATE IN APAC DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 47)
4.1 ATTRACTIVE OPPORTUNITIES IN FIBER OPTIC COMPONENTS MARKET
FIGURE 12 RISING DEMAND FOR BANDWIDTH TO BOOST GROWTH OF MARKET
4.2 MARKET, BY DATA RATE
FIGURE 13 41 GBPS TO 1OO GBPS DATA RATE TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
4.3 MARKET, BY TYPE
FIGURE 14 OPTICAL TRANSCEIVERS SEGMENT TO HOLD LARGEST SIZE OF MARKET BY 2027
4.4 MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
FIGURE 15 COMMUNICATIONS SEGMENT AND US HELD LARGEST SHARES OF NORTH AMERICA MARKET IN 2021
4.5 FIBER OPTIC COMPONENTS MARKET, BY COUNTRY
FIGURE 16 MARKET TO EXHIBIT HIGHEST CAGR IN CHINA FROM 2022 TO 2027
5 MARKET OVERVIEW (Page No. - 50)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 IMPACT OF DRIVERS AND OPPORTUNITIES ON MARKET
FIGURE 18 IMPACT OF CHALLENGES AND RESTRAINTS ON MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing deployment of data centers
5.2.1.2 Growing internet penetration and data traffic
5.2.1.3 Rising demand for bandwidth
5.2.2 RESTRAINTS
5.2.2.1 Prone to physical damage and transmission loss
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing adoption of fiber optic components in digital signage market
5.2.3.2 Rising demand for fiber optics due to reliability
5.2.3.3 Expansion of telecom infrastructure in developing economies
5.2.4 CHALLENGES
5.2.4.1 Threat to optical network security
5.2.4.2 High cost of installation and difficulty in installing in different terrains
5.3 VALUE CHAIN ANALYSIS
FIGURE 19 VALUE CHAIN ANALYSIS: COMPONENT MANUFACTURERS ARE MOST VALUED IN MARKET VALUE CHAIN
5.4 DIFFERENT OPTICAL FIBERS
5.4.1 PLASTIC FIBER TYPE
5.4.2 GLASS FIBER TYPE
6 FIBER OPTIC COMPONENTS MARKET, BY TYPE (Page No. - 58)
6.1 INTRODUCTION
FIGURE 20 TRANSCEIVERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 2027
TABLE 2 FIBER OPTIC COMPONENTS MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 3 MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 4 MARKET, BY TYPE, 2018–2021 (MILLION UNITS)
TABLE 5 MARKET, BY TYPE, 2022–2027 (MILLION UNITS)
6.2 CABLES
TABLE 6 MARKET FOR CABLES, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 7 MARKET FOR CABLES, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 8 MARKET FOR CABLES, BY TYPE, 2018–2021 (USD MILLION)
TABLE 9 MARKET FOR CABLES, BY TYPE, 2022–2027 (USD MILLION)
TABLE 10 MARKET, BY CABLE TYPE, 2018–2021 (USD MILLION)
TABLE 11 MARKET, BY CABLE TYPE, 2022–2027 (USD MILLION)
6.2.1 SINGLE-MODE CABLES
6.2.1.1 Single-mode fibers are used for long-distance and high bandwidth applications
TABLE 12 MARKET FOR SINGLE-MODE CABLES, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 13 MARKET FOR SINGLE-MODE CABLES, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 14 MARKET FOR SINGLE-MODE CABLES, BY TYPE, 2018–2021 (USD MILLION)
TABLE 15 MARKET FOR SINGLE-MODE CABLES, BY TYPE, 2022–2027 (USD MILLION)
6.2.2 MULTIMODE CABLES
6.2.2.1 Growing demand for unlimited bandwidth capacity boosts multimode fiber demand
TABLE 16 FIBER OPTIC COMPONENTS MARKET FOR MULTIMODE CABLES, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 17 MARKET FOR MULTIMODE CABLES, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 18 MARKET FOR MULTIMODE CABLES, BY TYPE, 2018–2021 (USD MILLION)
TABLE 19 MARKET FOR MULTIMODE CABLES, BY TYPE, 2022–2027 (USD MILLION)
6.3 ACTIVE OPTICAL CABLES (AOCS)
6.3.1 LIGHT WEIGHT AND ELECTROMAGNETIC IMMUNITY PROPEL DEMAND FOR AOCS
TABLE 20 MARKET FOR AOC, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 21 MARKET FOR AOC, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 22 MARKET FOR AOC, BY TYPE, 2018–2021 (USD MILLION)
TABLE 23 MARKET FOR AOC, BY TYPE, 2022–2027 (USD MILLION)
6.4 AMPLIFIERS
6.4.1 EXTENSIVE APPLICATIONS FOR SIGNAL AMPLIFICATION IN LONG-DISTANCE TRANSMISSIONS PROPEL DEMAND FOR OPTICAL AMPLIFIERS
6.4.2 ERBIUM-DOPED FIBER AMPLIFIERS
6.4.3 FIBER RAMAN AMPLIFIERS
6.4.4 SEMICONDUCTOR OPTICAL AMPLIFIERS
TABLE 24 MARKET FOR AMPLIFIERS, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 25 MARKET FOR AMPLIFIERS, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 26 MARKET FOR AMPLIFIERS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 27 MARKET FOR AMPLIFIERS, BY TYPE, 2022–2027 (USD MILLION)
6.5 SPLITTERS
6.5.1 COMPACT AND LOWER COST WITH GREATER DEGREES OF SPLITTING ENSURE INCREASED ADOPTION OF SPLITTERS
TABLE 28 MARKET FOR SPLITTERS, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 29 MARKET FOR SPLITTERS, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 30 MARKET FOR SPLITTERS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 31 MARKET FOR SPLITTERS, BY TYPE, 2022–2027 (USD MILLION)
6.6 CONNECTORS
6.6.1 NEED FOR CONNECTING FIBER CABLES EXPECTED TO INCREASE ADOPTION OF CONNECTORS
6.6.2 LC CONNECTORS
6.6.3 MPO/MTP CONNECTORS
TABLE 32 FIBER OPTIC COMPONENTS MARKET FOR CONNECTORS, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 33 MARKET FOR CONNECTORS, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 34 MARKET FOR CONNECTORS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 35 MARKET FOR CONNECTORS, BY TYPE, 2022–2027 (USD MILLION)
6.7 CIRCULATORS
6.7.1 LOSSLESS AND ON-RECIPROCAL DEVICES WHICH ROTE TRANSMITTED LIGHT EASILY TO PROPEL DEMAND FOR CIRCULATORS
TABLE 36 MARKET FOR CIRCULATORS, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 37 MARKET FOR CIRCULATORS, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 38 MARKET FOR CIRCULATORS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 39 MARKET FOR CIRCULATORS, BY TYPE, 2022–2027 (USD MILLION)
6.8 TRANSCEIVERS
6.8.1 SIGNIFICANT DEVELOPMENTS IN OPTICAL TRANSCEIVERS WITH ADVENT OF TRANSCEIVERS WITH VARIOUS DATA RATES FOR OPTICAL COMMUNICATIONS
TABLE 40 MARKET FOR TRANSCEIVERS, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 41 MARKET FOR TRANSCEIVERS, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 42 MARKET FOR TRANSCEIVERS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 43 MARKET FOR TRANSCEIVERS, BY TYPE, 2022–2027 (USD MILLION)
6.8.2 SFF AND SFP
6.8.3 SFP+ AND SFP28
6.8.4 QSFP, QSFP+, QSFP14, AND QSFP28
6.8.5 CFP, CFP2, AND CFP4
6.8.6 XFP
6.8.7 CXP
6.9 OTHERS
TABLE 44 MARKET FOR OTHERS, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 45 MARKET FOR OTHERS, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 46 MARKET FOR OTHERS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 47 MARKET FOR OTHERS, BY TYPE, 2022–2027 (USD MILLION)
6.9.1 FIBER OPTIC FILTERS
6.9.2 FIBER OPTIC ATTENUATORS
6.9.3 FIBER OPTIC MULTIPLEXERS
6.9.4 FIBER OPTIC AGGREGATORS
7 FIBER OPTIC COMPONENTS MARKET, BY DATA RATE (Page No. - 81)
7.1 INTRODUCTION
FIGURE 21 MARKET FOR DATA RATES BETWEEN 41 GBPS TO 100 GBPS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 48 MARKET, BY DATA RATE, 2018–2021 (USD MILLION)
TABLE 49 MARKET, BY DATA RATE, 2022–2027 (USD MILLION)
7.2 LESS THAN 10 GBPS
7.2.1 LESS THAN 10 GBPS DATA RATE MODULES WORK WITH SINGLE-MODE AS WELL AS MULTIMODE FIBERS
7.3 10 GBPS TO 40 GBPS
7.3.1 10 GBPS TO 40 GBPS DATA RATE MODULES ARE MOSTLY USED FOR SWITCHING AND ROUTING APPLICATIONS
7.4 41 GBPS TO 100 GBPS
7.4.1 MARKET FOR FIBER OPTIC COMPONENTS SUPPORTING DATA RATES BETWEEN 41 GBPS AND 100 GBPS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
7.5 MORE THAN 100 GBPS
7.5.1 MORE THAN 100 GBPS DATA RATE MODULES ARE SIGNIFICANTLY USED FOR DATA SECURITY IN COMMUNICATIONS NETWORKS
8 FIBER OPTIC COMPONENTS MARKET, BY APPLICATION (Page No. - 86)
8.1 INTRODUCTION
FIGURE 22 COMMUNICATIONS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 2027
TABLE 50 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 51 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
8.2 ANALYTICAL & MEDICAL EQUIPMENT
8.2.1 NEED FOR OPTIC ILLUMINATION IN MEDICAL PROCEDURES TO DRIVE MARKET
TABLE 52 MARKET FOR ANALYTICAL & MEDICAL EQUIPMENT, BY TYPE, 2018–2021 (USD MILLION)
TABLE 53 MARKET FOR ANALYTICAL & MEDICAL EQUIPMENT, BY TYPE, 2022–2027 (USD MILLION)
TABLE 54 MARKET FOR ANALYTICAL & MEDICAL EQUIPMENT, BY CABLE TYPE, 2018–2021 (USD MILLION)
TABLE 55 MARKET FOR ANALYTICAL & MEDICAL EQUIPMENT, BY CABLE TYPE, 2022–2027 (USD MILLION)
TABLE 56 MARKET FOR ANALYTICAL & MEDICAL EQUIPMENT, BY REGION, 2018–2021 (USD MILLION)
TABLE 57 MARKET FOR ANALYTICAL & MEDICAL EQUIPMENT, BY REGION, 2022–2027 (USD MILLION)
8.3 COMMUNICATIONS
TABLE 58 FIBER OPTIC COMPONENTS MARKET FOR COMMUNICATIONS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 59 MARKET FOR COMMUNICATIONS, BY TYPE, 2022–2027 (USD MILLION)
TABLE 60 MARKET FOR COMMUNICATIONS, BY CABLE TYPE, 2018–2021 (USD MILLION)
TABLE 61 MARKET FOR COMMUNICATION, BY CABLE TYPE, 2022–2027 (USD MILLION)
TABLE 62 MARKET FOR COMMUNICATIONS, BY REGION, 2018–2021 (USD MILLION)
TABLE 63 MARKET FOR COMMUNICATIONS, BY REGION, 2022–2027 (USD MILLION)
TABLE 64 MARKET FOR COMMUNICATIONS, BY APPLICATION, 2018–2021 (USD MILLION)
FIGURE 23 DATA CENTERS SEGMENT TO REGISTER HIGHEST CAGR IN MARKET FOR COMMUNICATIONS APPLICATIONS DURING FORECAST PERIOD
TABLE 65 MARKET FOR COMMUNICATIONS, BY APPLICATION, 2022–2027 (USD MILLION)
8.3.1 TELECOMMUNICATIONS
8.3.1.1 Need for high-speed data transmission to propel demand for fiber optic components in telecommunications application
TABLE 66 MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 67 MARKET FOR TELECOMMUNICATIONS, BY TYPE, 2022–2027 (USD MILLION)
TABLE 68 MARKET FOR TELECOMMUNICATIONS, BY CABLE TYPE, 2018–2021 (USD MILLION)
TABLE 69 MARKET FOR TELECOMMUNICATIONS, BY CABLE TYPE, 2022–2027 (USD MILLION)
8.3.2 DATA CENTERS
8.3.2.1 Rise in network traffic and Cloud computing services propel demand for optical transceivers in data centers
TABLE 70 MARKET FOR DATA CENTERS, BY TYPE, 2018–2021 (USD MILLION)
TABLE 71 MARKET FOR DATA CENTERS, BY TYPE, 2022–2027 (USD MILLION)
TABLE 72 MARKET FOR DATA CENTERS, BY CABLE TYPE, 2018–2021 (USD MILLION)
TABLE 73 MARKET FOR DATA CENTERS, BY CABLE TYPE, 2022–2027 (USD MILLION)
8.3.3 ENTERPRISES
8.3.3.1 Growing demand for communication solutions in enterprises to drive market growth
TABLE 74 FIBER OPTIC COMPONENTS MARKET FOR ENTERPRISES, BY TYPE, 2018–2021 (USD MILLION)
TABLE 75 MARKET FOR ENTERPRISES, BY TYPE, 2022–2027 (USD MILLION)
TABLE 76 MARKET FOR ENTERPRISES, BY CABLE TYPE, 2018–2021 (USD MILLION)
TABLE 77 MARKET FOR ENTERPRISES, BY CABLE TYPE, 2022–2027 (USD MILLION)
8.4 DISTRIBUTED SENSING
8.4.1 GROWING DEMAND FOR FIBER OPTIC CABLES AS FIBER OPTIC SENSORS BOOST MARKET FOR DISTRIBUTED SENSING APPLICATIONS
TABLE 78 MARKET FOR DISTRIBUTED SENSING, BY TYPE, 2018–2021 (USD MILLION)
TABLE 79 MARKET FOR DISTRIBUTED SENSING, BY TYPE, 2022–2027 (USD MILLION)
TABLE 80 MARKET FOR DISTRIBUTED SENSING, BY CABLE TYPE, 2018–2021 (USD MILLION)
TABLE 81 MARKET FOR DISTRIBUTED SENSING, BY CABLE TYPE, 2022–2027 (USD MILLION)
TABLE 82 MARKET FOR DISTRIBUTED SENSING, BY REGION, 2018–2021 (USD MILLION)
FIGURE 24 APAC TO REGISTER HIGHEST CAGR IN MARKET FOR DISTRIBUTED SENSING DURING FORECAST PERIOD
TABLE 83 MARKET FOR DISTRIBUTED SENSING, BY REGION, 2022–2027 (USD MILLION)
8.4.2 TEMPERATURE SENSING
8.4.3 ACOUSTIC SENSING
8.4.4 OTHER SENSING APPLICATIONS
8.5 LIGHTING
8.5.1 USE OF FIBER OPTIC COMPONENTS FOR ILLUMINATION IN REMOTE LOCATIONS TO BOOST MARKET
TABLE 84 FIBER OPTIC COMPONENTS MARKET FOR LIGHTING, BY TYPE, 2018–2021 (USD MILLION)
TABLE 85 MARKET FOR LIGHTING, BY TYPE, 2022–2027 (USD MILLION)
TABLE 86 MARKET FOR LIGHTING, BY CABLE TYPE, 2018–2021 (USD MILLION)
TABLE 87 MARKET FOR LIGHTING, BY CABLE TYPE, 2022–2027 (USD MILLION)
TABLE 88 MARKET FOR LIGHTING, BY REGION, 2018–2021 (USD MILLION)
TABLE 89 MARKET FOR LIGHTING, BY REGION, 2022–2027 (USD MILLION)
9 GEOGRAPHIC ANALYSIS (Page No. - 106)
9.1 INTRODUCTION
FIGURE 25 GEOGRAPHIC SNAPSHOT: APAC TO WITNESS HIGHEST GROWTH FROM 2022 TO 2027
FIGURE 26 APAC TO WITNESS FASTEST GROWTH IN MARKET DURING FORECAST PERIOD
TABLE 90 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 91 MARKET, BY REGION, 2022–2027(USD MILLION)
9.2 NORTH AMERICA
FIGURE 27 NORTH AMERICA: SNAPSHOT OF FIBER OPTIC COMPONENTS MARKET
TABLE 92 MARKET IN NORTH AMERICA, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 93 MARKET IN NORTH AMERICA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 94 MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021(USD MILLION)
TABLE 95 MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027(USD MILLION)
9.2.1 US
9.2.1.1 US to continue to be largest market for fiber optic components during forecast period
9.2.2 CANADA
9.2.2.1 Growing investments in network infrastructure to drive market in Canada in coming years
9.2.3 MEXICO
9.2.3.1 Increasing internet data traffic in Mexico to boost growth of market
9.3 EUROPE
FIGURE 28 EUROPE: SNAPSHOT OF FIBER OPTIC COMPONENTS MARKET
TABLE 96 MARKET IN EUROPE, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 97 MARKET IN EUROPE, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 98 MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 99 MARKET IN EUROPE, BY COUNTRY, 2022–2027(USD MILLION)
9.3.1 UK
9.3.1.1 UK held largest share of market in Europe in 2021
9.3.2 GERMANY
9.3.2.1 Adoption of IoT, especially in manufacturing and automotive industries to drive demand for fiber optic components in coming years
9.3.3 FRANCE
9.3.3.1 Implementation of 5G technology to boost growth of fmarket in France durin forecast period
9.3.4 REST OF EUROPE
9.4 APAC
FIGURE 29 APAC: SNAPSHOT OF FIBER OPTIC COMPONENTS MARKET
TABLE 100 MARKET IN APAC, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 101 MARKET IN APAC, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 102 MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 103 MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
9.4.1 CHINA
9.4.1.1 China held largest share of market in APAC in 2021
9.4.2 JAPAN
9.4.2.1 Increasing demand for Cloud-based services to drive demand for fiber optic components
9.4.3 INDIA
9.4.3.1 Surging demand for network upgrades to drive demand for fiber optic components for communication in India
9.4.4 REST OF APAC
9.5 ROW
TABLE 104 MARKET IN ROW, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 105 MARKET IN ROW, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 106 MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
TABLE 107 MARKET IN ROW, BY REGION, 2022–2027(USD MILLION)
9.5.1 MIDDLE EAST & AFRICA
9.5.1.1 Middle East & Africa to witness 5G development and Cloud service integration with IoT and digital skills during forecast period
9.5.2 SOUTH AMERICA
9.5.2.1 Growing internet usage and data centers to drive market growth in South America
10 COMPETITIVE LANDSCAPE (Page No. - 129)
10.1 INTRODUCTION
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 108 OVERVIEW OF STRATEGIES DEPLOYED BY KEY FIBER OPTIC COMPONENTS OEMS
10.2.1 PRODUCT PORTFOLIO
10.2.2 REGIONAL FOCUS
10.2.3 MANUFACTURING FOOTPRINT
10.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
10.3 MARKET SHARE ANALYSIS, 2021
TABLE 109 FIBER OPTIC COMPONENTS MARKET: DEGREE OF COMPETITION
10.4 COMPANY EVALUATION QUADRANT
10.4.1 STAR
10.4.2 PERVASIVE
10.4.3 EMERGING LEADER
10.4.4 PARTICIPANT
FIGURE 30 FIBER OPTIC COMPONENTS (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
10.5 COMPANY PRODUCT FOOTPRINT
TABLE 110 COMPANY PRODUCT FOOTPRINT
FIGURE 31 COMPANY PRODUCT TYPE FOOTPRINT
TABLE 111 COMPANY APPLICATION FOOTPRINT
TABLE 112 COMPANY REGION FOOTPRINT
10.6 COMPETITIVE SITUATIONS & TRENDS
10.6.1 PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 113 MARKET: PRODUCT LAUNCHES & DEVELOPMENTS (JANUARY 2018– OCTOBER 2021)
10.6.2 DEALS
TABLE 114 MARKET: DEALS (JANUARY 2018–NOVEMBER 2021)
10.6.3 OTHERS
TABLE 115 MARKET: OTHERS, JANUARY 2018–SEPTEMBER 2021
11 COMPANY PROFILES (Page No. - 154)
11.1 KEY PLAYERS
(Business Overview, Products/Solutions Offered, Recent Developments, and MnM View)*
11.1.1 II-VI INCORPORATED
TABLE 116 II-VI INCORPORATED: BUSINESS OVERVIEW
FIGURE 32 II-VI INCORPORATED: COMPANY SNAPSHOT
11.1.2 LUMENTUM HOLDINGS INC.
TABLE 117 LUMENTUM HOLDINGS INC.: BUSINESS OVERVIEW
FIGURE 33 LUMENTUM HOLDINGS INC.: COMPANY SNAPSHOT
11.1.3 BROADCOM INC.
TABLE 118 BROADCOM INC.: BUSINESS OVERVIEW
FIGURE 34 BROADCOM INC.: COMPANY SNAPSHOT
11.1.4 SUMITOMO ELECTRIC INDUSTRIES, LTD.
TABLE 119 SUMITOMO ELECTRIC INDUSTRIES, LTD.: BUSINESS OVERVIEW
FIGURE 35 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
11.1.5 ACCELINK TECHNOLOGIES
TABLE 120 ACCELINK TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 36 ACCELINK TECHNOLOGIES: COMPANY SNAPSHOT
11.1.6 OCLARO INC.
TABLE 121 OCLARO INC: BUSINESS OVERVIEW
11.1.7 ACACIA COMMUNICATIONS, INC.
TABLE 122 ACACIA COMMUNICATIONS, INC.: BUSINESS OVERVIEW
FIGURE 37 ACACIA COMMUNICATIONS, INC.: COMPANY SNAPSHOT
11.1.8 EMCORE CORPORATION
TABLE 123 EMCORE CORPORATION: BUSINESS OVERVIEW
FIGURE 38 EMCORE CORPORATION: COMPANY SNAPSHOT
11.1.9 FUJITSU OPTICAL COMPONENT LIMITED
TABLE 124 FUJITSU OPTICAL COMPONENT LIMITED: BUSINESS OVERVIEW
FIGURE 39 FUJITSU LTD.: COMPANY SNAPSHOT
11.1.10 FURUKAWA ELECTRIC CO., LTD.
TABLE 125 FURUKAWA ELECTRIC CO., LTD.: BUSINESS OVERVIEW
FIGURE 40 FURUKAWA ELECTRIC CO., LTD.: COMPANY SNAPSHOT
* Business Overview, Products/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
11.2 OTHER COMPANIES
11.2.1 HEXATRONIC GROUP
11.2.2 NEOPHOTONICS CORPORATION
11.2.3 O-NET TECHNOLOGIES (GROUP) LIMITED
11.2.4 SMITHS INTERCONNECT, INC.
11.2.5 SOURCE PHOTONICS, INC.
11.2.6 FIBRE MOUNTAIN
11.2.7 AMPHENOL CORPORATION
11.2.8 TE CONNECTIVITY
11.2.9 FIBER OPTIC COMMUNICATIONS, INC. (FOCI)
11.2.10 MWTECHNOLOGIES, LDA
11.2.11 SHENZHEN NOKOXIN TECHNOLOGY CO.LTD
12 APPENDIX (Page No. - 209)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
The study involved 4 major activities in estimating the current size of the fiber optic components market. Exhaustive secondary research has been done to collect information about the market, the peer markets, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain important information about the industry’s supply chain, value chain, total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research has been conducted after gaining knowledge about the Fiber optic components market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (application providers) and supply (fiber optic components manufacturers and distributors) sides across four major regions: North America, Europe, APAC, and RoW. Approximately 20% and 80% of primary interviews have been conducted with parties from demand and supply sides, respectively. The primary data has been collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
- In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the fiber optic components market and other dependent submarkets.
- The key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) into the fiber optic components market.
Data Triangulation
All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in the report.
Report Objectives
- To define, describe, and forecast the fiber optic components market, in terms of value, based on by type, data rate, application, and region
- To define, describe, segment, and forecast the overall fiber optic components market, in terms of volume, on the basis of component
- To forecast the market size, in terms of value, with regard to four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the fiber optic components market (drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To provide a detailed overview of the value chain of the fiber optic components market
- To analyze the impact of COVID-19 on the fiber optic components market, its segments, and the players operating in the market
- To analyze the opportunities for various stakeholders by identifying the high-growth segments of the market
- To profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies2, along with detailing the competitive landscape of the market
- To analyze competitive developments, such as product launches and developments, partnerships, acquisitions, contracts, expansions, and R&D in the fiber optic components market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Critical Questions
- What are new application areas fiber optic components providers exploring?
- Who are the key market players, and how intense is the competition?
- Which applications and geographies would be the biggest markets for fiber optic components?
Generating Response ...
Growth opportunities and latent adjacency in Fiber Optic Components Market
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