Fiber Optic Components Market

Report Scope & Overview:

Fiber Optic Components Market Size was valued at USD 24.70 billion in 2022 and is expected to reach USD 49.57 billion by 2030, growing at a CAGR of 9.1% over the forecast period 2023-2030.

The market for fiber optic components is likely to benefit from the growing distribution of data centers, increasing internet penetration and data overload, increasing demand for bandwidth and reliability, and advances in fiber optic components systems. The telecom industry has introduced the topology of broadband networks such as fiber to the home (FTTH) and fiber to the building (FTTB) which require a large fiber-optic network. In addition, the increase in internet penetration and data overload is expected to increase the rapid growth in data centers and the need for high-speed transmission networks, thus the generation growth in the fiber optic market.

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MARKET DYNAMICS:

KEY DRIVERS:

• Increasing demand for bandwidth.

• Growing deployment of data centers.

• Increasing data traffic and internet penetration.

RESTRAINTS:

• Physical damage and transmission loss are possible.

OPPORTUNITIES:

• Growth of telecom infrastructure in developing economies.

• Fiber optic components are becoming increasingly popular in the digital signage business.

CHALLENGES:

• The huge cost of installation and difficulty to install in different terrains.

• Threat concern to optical network security.

IMPACT OF COVID-19:

COVID-19 has had a severe impact on the global economy as well as all industries. Governments in several countries have established borders to stop the plague from spreading. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.  The market for fiber optic components has seen unprecedented growth over the past decade due to increased data center deployments, increased internet penetration and data overload, and growing demand for bandwidth and reliability. However, COVID-19 has played a major role in the industry, leading to the simultaneous collapse of both supply and demand. It also led to a slowdown in market growth. As a result of the outbreak of COVID-19, businesses around the world have been affected by the loss of revenue and supply disruption as factory closures and closure measures have been made around the world, restricting movement and business activities. In addition, the economic impact is growing, and the world's upper economies may be embroiled in a period of recession.

Based on Type, the fiber optic components market is subdivided into Cables, Active Optical Cables, Splitters, Circulators, Amplifiers, and Connectors. Among this market transceivers holds the highest market share.

The transceiver market was calculated by the largest size. Increased adoption of smart devices (such as smartphones, laptops, home assistants, IoT-based home security systems, and game consoles) and increased data traffic are key features of development. and the use of high-speed, compatible optical transceiver modules. In addition, various governments are taking steps to develop modular optical transceivers. In addition, the introduction of the 5G network and the integration of artificial intelligence (AI) and the Internet of Things (IoT) have transformed the transceiver market into a very visible one.

Based on Application, the fiber optic components market is subdivided into Analytical and Medical Equipment, Distributed Sensing, Lighting, and Communications. Among these communication market holds the largest share.

The telecommunications market is projected to calculate the market for major fiber optic components. Communication application is expected to lead the market for fiber optic components by 2030. and powerful bandwidth networks such as 4G, LTE and 5G create the need for optical communication and networking equipment to handle the growing burden of mobile telecom networks.

MARKET SEGMENTATION:

BY TYPE

• Cables

• Active Optical Cables

• Splitters

• Circulators

• Amplifiers

• Connectors

• Transceivers

BY DATA RATE

• <10Gbps

• 10 Gbps to 40Gbps

• 41 Gbps to 100Gbps

• >100 Gbps

BY APPLICATION

• Analytical and Medical Equipment

• Distributed Sensing

• Lighting

• Communications

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REGIONAL ANALYSIS:

North America led the market for fiber optic components, accounting for the largest share in the fiber optic components market, per region. Things like the strong presence of big companies in the region; the great need for data communication; increased use of communication devices, such as smartphones, tablets, and VoIP devices; the growing market for portable devices, and the increasing supply of data centers are driving the market growth of fiber optic components in this region.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

COMPETITIVE LANDSCAPE:

The key players in the Fiber Optic Components Market are Lumentum Holdings Inc, Sumitomo Electric Industries, II-VI Incorporated, Broadcom Inc, Accelink Technologies, Acacia Communications, Inc, Fujitsu Optical Components, Oclaro, EMCORE Corporation, Furukawa Electric & Other Players