Global Fiber Optic Components Market to 2027 – Industry Size, Share & Trends Analysis Report – ResearchAndMarkets.com

The report “Global Fiber Optic Components Market by Component, By Application, By Communication Type, By Regional Outlook and Forecast, 2021 – 2027” has been added to from ResearchAndMarkets.com offer.

The global fiber optic components market size is expected to reach USD 36.3 billion by 2027, with the market growing at 8.1% CAGR during the forecast period.

Fiber optic components are an integral part of the fiber optic infrastructure used to meet the growing demand for fiber optic communication in various countries and continents. The fiber optic communication market is mainly divided into fiber optic components and fiber optic cables. Fiber optic cables use light as a medium for transferring information from one place to another. These are used in fiber optic communications to transmit these signals over long distances. These support higher bandwidth compared to copper cables. For this reason, they are the perfect choice for next-gen technologies like 4G and 5G.

According to the various studies conducted by scientists and researchers around the world, the ever-changing technology is one of the innovations of today. The technology has been useful for a large number of applications and technological advancements are happening all the time. The growing demand for high bandwidth communication is the major factor driving the growth of the market. Computing and telecommunications are the main sectors for a wide variety of applications. Advances in fiber-rich infrastructure have significantly increased the demand for these cables.

Fiber optic technology is being embraced globally due to the inherent benefits of conventionally used copper. Glass optical fiber includes high flexible strength compared to other media. Additionally, fiber is lighter and smaller than copper, making it easier to handle and requiring less space. Field termination, testing and splicing of fiber optic cables and connectors is relatively easier. Fiber optic technology is used in a variety of applications including computer links, video transmissions, telecommunications, medical and scientific fields, some industrial and defense sectors.

Market Growth Factors:

Growing internet demand

The internet plays a crucial role for connected devices. Fiber optic is considered the backbone of the internet as fiber optic cables are used as a medium for transmitting information from one point to another. According to the report of the International Telecommunication Union (ITU), in 2018, 51.2% of the total world population used the Internet and the growth rate in the same year was 45%. The growing importance of cloud computing, data storage and transfer, and the Internet of Things is exploding internet usage.

The International Energy Agency (IEA) estimates that the number of people using the internet will reach up to 5.0 billion by 2025, up from 3.6 billion in 2018. In addition, the number of IoT connections is expected to increase from 7.5 billion to 25.0 billion by 2025. in 2018. The increase in the number of connected devices is expected to lead to increased demand for higher bandwidth, which will also drive the growth of IoT.

Development of telecom infrastructure

The development of telecommunications infrastructure in emerging economies is expected to have a positive impact on market growth. The demand for smart devices and other related applications has increased due to the advent of artificial intelligence, big data and internet of things. Interconnected technologies play a crucial role in transferring, capturing and translating data into meaningful information in the telecommunications sector that is important for strengthening urban infrastructure. High-speed fiber optic network is the backbone of such kind of infrastructural development which can transfer large amount of data at high speed from one point to another.

Marketing Restriction Factor:

Optical Network Security Threat

Optical networks are at high risk of various types of attacks or security breaches aimed at disrupting services and gaining unauthorized access to transported data, also known as eavesdropping. Fiber optic communication and storage systems are considered more secure than conventional systems based on copper cables because hacking data stored in fiber optic based system requires very advanced technology which is not available than in government agencies. But in recent years inexpensive hardware and software have been available on the market.

Market Segments Covered in the Report:

By component

  • Transceivers

  • Cables

  • Active optical cables

  • Connectors

  • amplifiers

  • Separators and circulators

  • Others

By app

  • Communication

  • Telecommunications

  • Data centers and

  • Companies

  • Distributed detection

  • Lighting

  • Analytical and medical equipment

By geography

  • North America

  • WE

  • Canada

  • Mexico

  • Rest of North America

  • Europe

  • Germany

  • UK

  • France

  • Russia

  • Spain

  • Italy

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Argentina

  • United Arab Emirates

  • Saudi Arabia

  • South Africa

  • Nigeria

  • Rest of LAMEA

Main market players

  • Sumitomo Electric Industries, Ltd.

  • Furukawa Electric Co., Ltd.

  • II-VI Incorporated

  • Amphenol Corporation

  • Fujitsu Limited (Fujitsu Optical Components Limited)

  • Broadcom, Inc.

  • Lumentum Holdings, Inc.

  • TE Connectivity Ltd.

  • EMCORE Corporation

  • Accelink Technology Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/pjeq2b

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