Telecomunicazioni
Optical Fiber Market to Reach $11.9 Billion, Globally, by 2032 at 5.5% CAGR: Allied Market Research
(We are providing report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and Impact Analysis)
The optical fiber market is anticipated to experience substantial growth during the forecast period, primarily driven by several key factors. These include urbanization and smart city initiatives, increasing demand for wireless connectivity, and advancements in technology. Additionally, the emerging 5G infrastructure is expected to further boost the market. However, high initial investment costs pose a significant restraint to the market's growth during this period.
Advancements in Technology
Based on mode, the single mode segment contributed over two-thirds of the total revenue in the global optical fiber market in 2023. It is anticipated to maintain its dominant position throughout the forecast period. This dominance is attributed to the single mode fiber's superior performance in long-distance and high-bandwidth applications, making it essential for telecommunications and data center connectivity. However, the multi-mode segment is projected to witness the fastest CAGR of 6.85% due to its cost-effectiveness and high data transmission capacity over short distances, making it ideal for applications in data centers and local area networks.
Based on type, the plastic optical fiber segment emerged as the market leader in the global optical fiber market in 2023, holding over three-fifths of the market share. This dominance is due to the plastic optical fiber's cost-effectiveness, flexibility, ease of installation, and robust performance in short-distance applications such as in-home networks, automotive, and industrial environments. However, the glass optical fiber segment is projected to witness the fastest CAGR of 6.29% due to its superior bandwidth capabilities, longer transmission distances, and lower attenuation rates, which are essential for expanding telecommunications infrastructure and high-speed internet services.
Based on industry verticals, the Telecom and IT segment emerged as the market leader in the global optical fiber market in 2023, holding more than one-third of the market share due to the increasing demand for high-speed data transmission and the widespread deployment of 5G networks, which require extensive fiber optic infrastructure. The healthcare segment is expected to hold the highest CAGR of 9.93% through the forecast period due to the growing adoption of telemedicine, the need for faster and more reliable data transmission in medical facilities, and the integration of advanced technologies requiring high bandwidth in healthcare applications.
Based on region, Asia-Pacific dominated the optical fiber market revenue in 2023, representing more than two-fifths of the global market share. This is primarily due to extensive infrastructure development, rapid urbanization, and significant investments in telecommunications and technology sectors across the region. However, the Latin America region is expected to achieve the highest CAGR of 7.28% due to increasing investments in telecommunications infrastructure, government initiatives to expand internet connectivity, and a rising demand for high-speed data services across the region.
The report provides a detailed analysis of these key players in the global optical fiber market. These players have adopted product launch, partnership, acquisition, and geographical expansion strategies to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player.
In , 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, represents Corning's latest in a series of global investments in fiber and cable manufacturing, totaling more than US$ 500 million since 2020. This expansion has been supported by increasing demand and strong customer commitments.
In , 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.
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Cables And Wires For Aerospace And Defense Market valued at $27.8 billion in 2022, and is projected to reach $47 billion by 2032.
Medium Voltage Cable Accessories Market valued at $15.3 billion in 2020 and is projected to reach $25.5 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.
Cable Conduit Systems Market valued at $6.13 billion in 2020, and is projected to reach $12.24 billion by 2030, growing at a CAGR of 7.8% from 2021 to 2030+.
Cable Management Market valued at $18.31 billion in 2019, and is projected to reach $35.02 billion by 2027, registering a CAGR of 7.9% from 2020 to 2027.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington , New Castle ,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India ( Pune ): +91-20-66346060
Fax: +1-800-792-5285
View original content: https://www.prnewswire.co.uk/news-releases/optical-fiber-market-to-reach-11-9-billion-globally-by-2032-at-5-5-cagr-allied-market-research-302147964.html