Fiber Optic Component Market Worth $40.3 Billion By 2030: IndustryARC

Fiber Optic Component market size is expected to reach $40.3 billion by 2030 after growing at a CAGR of 9.0% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC.  The Fiber Optic component market is driven by the rising demand for high-speed internet, the expansion of 5G networks, and the growing data traffic, finds IndustryARC in its recent report, titled “Fibre Optic Component Market - By Components (Transmitter, Optical Fibre, Connectors and Splices, Receivers, Optical Distribution Frames, Test and Measurement Equipment, Fibre Management Systems, Optic filters, Fibre arrays. Fibre Attenuators, Optical isolators, Fibre collimators, Others), By End Use Industry (IT and Telecom, Defence and Aerospace, Medical, Industrial, Broadcasting, Education, Oil and Gas, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030.

The rollout of 5G networks significantly boosts the demand for fibre optic components due to the necessity for high-speed, low-latency data transmission. This expansion aligns with the ongoing need to build out broadband infrastructure in both urban and rural areas, ensuring robust and high-quality connectivity for a wider population. Consequently, fibre optics play a crucial role in supporting the increased data traffic and advanced telecommunication requirements of 5G technology, driving their adoption and integration into expanding network infrastructures. According to an article published by Ericsson, The growth of 5G subscriptions continues across all regions, with approximately 160 million new subscriptions added globally in the first three months of 2024, raising the total to over 1.7 billion. It is anticipated that nearly 600 million new subscriptions will be added throughout 2024. Researchers estimate that by the end of 2029, 5G subscriptions will approach 5.6 billion. Additionally, global 5G population coverage outside mainland China is expected to double, increasing from 40 percent at the end of 2023 to 80 percent by the end of 2029.

• Transmitter

• Optical Fibre

• Connectors and Splices

• Receivers

• Optical Distribution Frames (ODF)

• Test and Measurement Equipment

• Fibre Management Systems

• Fibre optic filters

• Fibre arrays

• Fibre attenuators

• Optical isolators

• Fibre collimators

• Others

• IT and Telecom

• Defence and Aerospace

• Medical 

• Industrial

• Broadcasting

• Education

• Oil and Gas

• Others

• North America

• South America

• Europe

• Asia-Pacific

• Rest of the World

• Increasing Demand for Higher Bandwidth

A key trend is the growing need for higher bandwidth. As high-definition video streaming and online gaming become more prevalent, both individuals and businesses seek faster and more reliable internet connections. Fiber optic cables offer a clear advantage over traditional copper cables by transmitting data at much higher speeds, making them well-suited to meet the increasing demand for high bandwidth. According to Top Fiber Optic Industry Trends by PeakOptics (2024), this is a key trend.

Fibre optics enhance education by providing high-speed internet, enabling seamless online learning, real-time collaboration, and access to interactive technologies like virtual and augmented reality. They ensure reliable data transfer for digital classrooms and research, creating a more connected and interactive learning environment. According to a UK higher education (HE) survey, 81% of the students considered their online learning experience to be good or exceptional. 

According to Fiber Broadband Association’s 2023 survey highlights, several areas of advancement, including a record increase in fiber-to-the-home (FTTH) coverage has been achieved. In 2023, the number of U.S. homes passed and marketed with FTTH grew by 13%, reaching 78 million homes. Fiber broadband now covers nearly 69 million distinct U.S. homes, excluding multiple passes at the same address. Fiber optic network providers in the U.S. are currently achieving an average take rate of 45.4% based on unique homes passed, with some reporting notable improvements in first-year take rates in 2023. The presence of major technology and telecommunications companies further fuels demand for fiber optic solutions.

The growth of 4K gaming and streaming has been significant in recent years. As more households and gamers adopt 4K technology, the demand for high-resolution content has surged. This shift is driven by advancements in technology, such as improved gaming consoles and high-performance monitors, as well as the increasing availability of 4K content across streaming platforms. The higher data consumption associated with 4K content is also driving investments in faster internet connections and more robust network infrastructure. These trends reflect a broader move towards enhanced visual experiences and greater technological capabilities. 

The rise in electric vehicle (EV) adoption presents a significant opportunity for the fiber optics components market. As EV infrastructure expands, including charging stations, smart grids, and advanced telematics systems, there is an increasing need for high-speed, reliable data communication. Fiber optics play a crucial role in supporting these needs by providing the high-bandwidth connectivity required for efficient EV charging management, vehicle-to-everything (V2X) communication, and integration with smart grids. According to the International Energy Agency, a total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. In 2023 over 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year. 

• Fiber Optic Components Market size and Forecast

• Fiber Optic Components Market trends

• Fiber Optic Components Market analysis by components

• CAGR of the market during the forecast period 2024-2030

• Value Chain analysis of key stakeholders

• Detailed analysis of market drivers and opportunities during the forecast period

• Fiber Optic Components market size estimation and forecast

• Analysis and predictions on end user behaviour and upcoming trends

• Competitive landscape and Vendor market analysis including offerings, developments, and financials

• Comprehensive analysis of challenges and constraints in the Fiber Optic Components Market

The companies profiled in the Fiber Optic Components market include:

● Sumitomo Electric Industries Ltd.

● Broadcom Corporation

● Broadcom Inc. 

● Lumentum Holdings Inc.

● Fujitsu Optical Components Limited

● Furukawa Electric Co., Ltd.

● CommScope Holding Company, Inc.

● Prysmian Group

● Yangtze Optical Fiber and Cable Joint Stock Ltd Co.

● Sterlite Technologies Limited

● Molex

● Adtran

● Huber+Sunher

● Corning

● Huawei Technologies Co., Ltd.

 Fiber Optic Connector Market - Fiber Optic Connector market is estimated to surpass $7.8 billion mark by 2026 growing at an estimated CAGR of more than 7.2% during the forecast period 2021 to 2026. The worldwide demand for the internet, coupled with the growing need for FTTx, is the major factor driving the growth of the market

Fiber Optics Cable Market- Fiber Optic Cable Market size is estimated to surpass $27.6 billion mark by 2030 growing at an estimated CAGR of more than 12.5% over the forecast period of 2024-2030 owing to the increasing demand for communication at high bandwidth.

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA:(+1) 518-282-4727