Fiber Optic Connectivity Market Size, Share, and Analysis, By Component (Hardware, Software, Service), Types (Single Mode, Multi-mode, Plastic Optical Fiber), Application (Mining, Oil & Gas, Wind Power, BFSI, Telecom, Electric Substation, Military and Aerospace, Medical, Railways, Smart Cities) and Regional Forecasts, 2022-2032
The Fiber optic connectivity market size was USD 2.3 billion in 2021 and projected to grow from USD 2.8 billion in 2023 to USD 7.5 billion by 2032, exhibiting a CAGR of 11.2% during the forecast period.
Fiber optic connectivity offers high-speed data transmission and it denotes to a technology of communication exchange which transfers information from a place to another by transferring infrared light pulses through an optical fiber. The long-distance transmission can be enabled by Fiber optic connectivity and it offers a good security. Fiber optics provide advantages related to size, weight, execution, strength etc. and the links are light, adaptable, and small making them easy to work. Majority of homes have many gadgets, or associated vehicles which will be typical in the coming years.
Fiber Optic Connectivity Market is expected to project a CAGR of 11.2% during the forecast period, 2022-2032
Fiber Optic Connectivity Market is expected to reach USD 7.5 billion at a CAGR of 11.2% during forecast period owing to the increasing demand for energy efficient solutions across several industries which is expected to boost the Fiber Optic Connectivity market over the forecast period of 2022 to 2032. The demand of this technology in different industrial sectors is rising especially in submarines and aircrafts sectors which will drive the growth of the market. The implementation of low-cost data transfer due to the utilization of Fiber Optic Connectivity is expected to flourish the fiber optic connectivity market growth. The advancements of technology in the field of communication is expected to create demand and new opportunities which will boost the growth of fiber optic connectivity market in the forecasted period.
Hardware segment is expected to grow with high CAGR during the forecast period
Fiber Optic Connectivity Market is classified based on the Component into Hardware, Software, Service. The Hardware segment of the market is expected to dominate the global Fiber Optic Connectivity market during the forecast period owing to the demand for components like switches, cable assemblies, connectors etc. like fiber boxes and enclosures. Due to the increasing investments and developments related to communications sector, the utilization of Fiber Optic Connectivity has increased.
Single-mode segment is expected to grow with high CAGR during the forecast period
Fiber Optic Connectivity Market is classified based on the Type into Single Mode, Multi-mode, Plastic Optical Fiber. Single-mode segment is expected to have the highest market share during the forecast period owing to the presence of smaller core pertaining to diameter when compared with multi-mode fiber optic cable. Single-mode fiber optic cables carry signals easily at a high speed over longer distances and the dominance of single-mode fiber optics cable is due to high demand from long-distance transmission applications. They are usually used by telecom companies as they require high bandwidth.
Increasing Demand for Communication is Expected to Boost the Growth of the Market
The demand for communication is increasing and use of high bandwidth is expected to drive the market growth and these systems are used for transmitting data, images, and voice to several kilometers very easily. For telecommunication sector, the invent of Fiber Optic Connectivity was revolutionary. The fiber-integrated infrastructure evolution created demand for fiber optic cables. An increased deployment of broadband network architectures like FTTH, FTTP, FTTC, FTTB have boosted the demand for fiber optic network, will drives the demand for fiber optic cables
Rising Demand for Connectivity is Expected to Boost the Growth of the Market
The increasing demand for connectivity of several devices from a single point is expected to drive the growth of fiber optics and the demand for smartphones, wearables & tablets will help the market to grow in the forecast period.
Signal Issues May Restrain the Market Growth
Due to the rising demand for wireless networking systems, the fiber use of fiber optic connectivity may reduce the market growth. Even the network issues and signal problems may restrain the market growth due to the bent cable.
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Fiber Optic Connectivity Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Europe region has dominated the Fiber Optic Connectivity Market in 2021. North America Market is expected to witness the highest share in the Fiber Optic Connectivity Market owing to the high demand for the fiber optic connectivity and the increase in use of web, online surfing, watching videos, downloading files etc. Several countries in this region don’t have a good fiber optic networks and so may upgrade leading to increasing the growth of Fiber Optic Connectivity Market.
Due to the outbreak of COVID-19 pandemic, most of the business sectors have collapsed due to the restrictions and imposition of travel bans. There has been a huge fluctuation in the demand and supply of good and services. During this period, many people have opted for shifting to work from home and as per a certain house-hold requirement, and the education of students has shifted to online classes and activities which resulted in growth of internet connections. The pandemic had a positive impact on the growth of Fiber Optic Connectivity Market due to the increased online activities and for smooth internet connectivity, a good optical fiber connectivity was important, significantly having positive impact on the market growth during pandemic.
Market size value in 2021
USD 2.3 billion
Revenue forecast in 2032
USD 7.5 billion
CAGR of 11.2% from 2022 to 2032
Base year for estimation
Revenue in USD billion and CAGR from 2022 to 2032
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Component, Type, Application and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
Adtell Integration, ADVA Optical Networking, Adtran, Inc, Broadcom, Ciena Corporation, Logix Fiber Networks, Corning Incorporated, OptiLayer GmbH, Cisco Systems, Inc, Fujitsu Optical Components Ltd, Lumentum Operations LLC, Reliance Communications, Fiber Optic Services, Hamamatsu Photonics K.K., Infinera Corporation and Other Prominent Players
Fiber Optic Connectivity Market size was estimated at USD 2.3 billion in 2021 and is expected to reach USD 7.5 billion in 2032.
Fiber optic connectivity offers high-speed data transmission and it denotes to a technology of communication exchange which transfers information from a place to another by transferring infrared light pulses through an optical fiber. The long-distance transmission can be enabled by Fiber optic connectivity and it offers a good security.
Hardware and Single-mode segment accounted for the largest Fiber Optic Connectivity market share.
Key players: Adtell Integration, ADVA Optical Networking, Adtran, Inc, Broadcom, Ciena Corporation, Logix Fiber Networks, Corning Incorporated, OptiLayer GmbH, Cisco Systems, Inc, Fujitsu Optical Components Ltd, Lumentum Operations LLC, Reliance Communications, Fiber Optic Services, Hamamatsu Photonics K.K., Infinera Corporation and Other Prominent Players are the key players in the Fiber Optic Connectivity Market.
Increasing Communication and Increasing demand are the factors driving the Fiber Optic Connectivity market.
Select License Type
US : +1 (716) 218-3733
UK : +44 (208) 1235555
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT