The Fiber Optic Components Market to reach $40.3 Billion by 2030; the market for fiber optic components is being propelled by the increasing demand for high-speed internet, the expansion of 5G networks and the surging volume of data traffic.

The Fiber Optic Components Market size is estimated to reach $40.3 Million by 2030, growing at a CAGR of 9.0% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Fibre Optic Component Market – By Components Type (Transmitter, Optical Fiber, Connectors and Splices, Receivers, Optical Distribution Frames (ODF), Test and Measurement Equipment, Fiber Management Systems, Fiber optic filters, Fiber arrays, Fiber attenuators, Optical isolators, Fiber collimators, Others), By End Use (Telecom and IT, Defence and Aerospace, Medical, Industrial, Broadcasting, Education, Oil and Gas, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Data centers need fiber optic components for high-speed interconnects. Growing demand for high-speed internet drives fiber optic adoption and government investments in fiber optic infrastructure are fueling the growth of the Fibre Optics Components industry during the forecast period 2024-2030.

North America occupied the largest share of 37% for the Fibre Optic component Market in 2023. This region boasts a strong presence of major companies, high demand for data communication and increased use of communication devices like smartphones and tablets. Additionally, the growing market for wearable devices and the increasing deployment of data centers contribute to the region's dominance in this sector. In July 2024, Fengate and eStruxture have successfully concluded a significant $975 million transaction that will significantly enhance Canada's data center capacity and propel eStruxture's growth in the hyperscale market. In 2022, Technetix Group Ltd. acquired Lindsay Broadband Inc., a Canadian company specializing in broadband wireless gateways and network power. This acquisition will expand Technetix's product offerings and strengthen its presence in the America. Both deals have the potential to significantly impact the fiber optics component market by increasing demand, expanding product offerings and fostering innovation.

The rapid deployment of 5G networks has significantly impacted the fiber optics component market driving increased demand for high-capacity, low-latency solutions. Manufacturers have responded with innovative components to meet these requirements, leading to substantial market growth. 5G has also opened up new applications for fiber optics such as IoT and autonomous vehicles. According to according to the GSMA’s Mobile Economy Asia Pacific 2024 report, the mobile industry’s contribution to Asia Pacific’s economy will grow beyond $1 trillion by 2030, with faster adoption of 5G technologies in the region. Such investments in 5G boost the fiber optic components market.

There is an increasing focus on creating energy-efficient and environmentally friendly fiber optic components. Companies are investing in technologies to reduce power consumption and minimize the environmental impact of fiber optic networks. Manufacturers are developing energy-efficient components and using sustainable materials to reduce the environmental impact of fiber optic networks. Government regulations and incentives are also promoting these efforts. By prioritizing sustainability, the fiber optics component market is contributing to a more environmentally friendly and cost-effective telecommunications infrastructure.

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Key companies profiled in the Fibre Optics Component Market are Sumitomo Electric Industries Ltd, Broadcom Corporation, Lumentum Holdings Inc., Furukawa Electric Co., Ltd., Fujitsu Optical Components Limited, Connect America, CommScope Holding Company, Inc, Prysmian Group, Yangtze Optical Fiber and Cable Joint Stock Ltd Co, Sterlite Technologies Limited, Broadcom Inc. and others.

 

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