Fiber Optic Component Market to Reach $53.6 Billion, Globally, by 2031 at 8.8% CAGR: Allied Market Research

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Drivers, Restraints, and Opportunities

Surge in deployment of data centers, growing adoption of fiber-based internet connection by businesses, rise in data traffic, increasing demand for bandwidth and reliability, and developments in the fiber optic components ecosystem drive the growth of the global fiber optic component market. However, fragile nature of fiber optic components hampers the market growth. On the other hand, increase in telecom infrastructure is expected to offer lucrative opportunities for the market expansion in the coming years.

Covid-19 Scenario

The 100G Segment to Maintain a Progressive Growth during the Forecast Period

Based on data rate, the 100G segment was the largest market in 2021, contributing to more than half of the global fiber optic component market, and is expected to maintain its leadership status during the forecast period. Moreover, the segment is projected to witness the fastest CAGR of 9.49% from 2022 to 2031. This is due to the higher performance of 100G than previous switching technologies, and its low cost compared to 40G with 25% increase in performance.

The Communications Segment to Maintain its Leadership in Terms of Revenue During the Forecast Period

Based on application, the communications segment was the largest market in 2021, contributing to nearly three-fifths of the global fiber optic component market, and is expected to maintain its leadership status during the forecast period. Manufacturers of optical transceivers are placing a greater emphasis on research and development in order to support various applications in the metro network, data center interconnect, long-haul applications, and other areas that call for optical transceivers to be compatible with the intricate network. On the other hand, the distributed sensing segment is projected to witness the fastest CAGR of 10.1% from 2022 to 2031. Distributed fiber optic sensors are increasingly being used in the infrastructure sector, especially for monitoring structural health.

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The Cables Segment to Maintain its Leadership in Terms of Revenue During the Forecast Period

Based on type, the cables segment was the largest market in 2021, contributing to nearly one-third of the global fiber optic component market, and is expected to maintain its leadership status during the forecast period. Fiber optic cables have higher capacity and can carry data over greater distances than conventional wires with little loss. On the other hand, the transceivers segment is projected to witness the fastest CAGR of 12.0% from 2022 to 2031, due to their high demand in the telecom and data center industries, owing to their energy-efficient features and inexpensiveness.

Asia-Pacific to Maintain its Dominance by 2031

Based on region, Asia-Pacific was the largest market in 2021, capturing nearly half of the global fiber optic component market, and is expected to lead the trail during the forecast period. Moreover, the same market is projected to manifest the fastest CAGR of 9.63% during the forecast period, owing to the continuous investment in data centers in Asia-Pacific. Also, due to the growing demand for data storage, some of the data center companies in the region look to rent or share data center facilities instead of owning them. The report also analyzes the North America, Europe, and LAMEA segments.

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Leading Market Players

Key Benefits For Stakeholders:

Fiber Optic Component Market Key Segments:

Data Rate

Application

Type

By Region

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