LONDON–(BUSINESS WIRE)–The global fiber optics market size is expected to grow by USD 2.44 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 5%. Request Free Sample Report on COVID-19 Impacts
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The market is driven by the rise in global Internet traffic. In addition, the development of next-generation telecommunication standards is anticipated to boost the growth of the fiber optics market.
The increasing number of smartphone users has led to an increase in the global Internet traffic. This has increased the demand for digital content, thereby increasing the need for an enhanced network infrastructure that can support high data speeds to manage the congestion. To cater to these requirements, the fiber optic cables are provided until the end of the street, which is later integrated with DPU and CPE devices that are placed at the distribution point units. Thus, the rise in global Internet traffic will drive the growth of the market.
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Major Five Fiber Optics Companies:
CommScope Holding Co. Inc.
CommScope Holding Co. Inc. has business operations under two segments: CommScope Connectivity Solutions (CCS) and CommScope Mobility Solutions (CMS). The company offers a wide range of optical fiber cables and assemblies in indoor and outdoor construction. The product includes Z-TB-5K, Z-TB-5L, Z-TB-5M, and others.
Corning Inc. operates its business through various segments: display technologies, optical communications, specialty materials, environmental technologies, and life sciences. The firm offers both indoor and outdoor fiber optic cables.
Fujikura Ltd. has business operations under various segments such as Power & Telecommunication Systems Company, Electronics Business Company, Automotive Products Company, and Real Estate Business Company. Fujikura has collaborated with telecom operators, contractors, governments, and academia to develop and enhance FTTH products.
Hitachi Ltd. operates its business through various segments such as information and telecommunication systems, social infrastructure and industrial systems, electronic systems and equipment, automotive systems, high function materials and components, construction machinery, and smart life and eco-friendly systems. The company offers a wide range of fiber optic cables and furcation tubing. The products include indoor fiber optic cables, indoor/outdoor fiber optic cables, indoor/outdoor fiber optic composite cables, outside plant fiber optic cables, and others.
Leoni AG has business operations under two segments: wiring systems and wire & cable solutions. The company offers a wide range of standard and special fiber optic cables such as singlemode optical fibers, Graded-index multimode optical fibers (OM1-OM5), and others.
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Fiber Optics Application Outlook (Revenue, USD bn, 2020-2024)
Fiber Optics Regional Outlook (Revenue, USD bn, 2020-2024)
- North America
- South America
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