Global Fiber Optics Market Expected to USD$ 3.21 Billion By 2020

Date: 2016-09-18

The global Fiber Optics market is expected to grow from $ 2.5 billion in 2015 and to $ 3.21 billion by 2020, at a CAGR of 5.1% from 2016 to 2020. Fiber optics used for telecom & broadband segment is witnessing a CAGR of 5.9% and constitutes a significant part of the overall fiber optics market. Fiber optics is a technology that uses thin strands of glass or plastic, known as optical fibers, to carry information between two places using light. An optical fiber is a thin cylinder of dielectric material capable of transmitting messages using light waves as the mode of transmission and the principle involved is total internal reflection.

Fiber optics are used in various applications including telecommunication, oil & gas, utilities, military & aerospace, private data networks, biomedical and cable television etc. Telecommunication is expected to be the key application segment over the forecast period owing to its use in desktop computers to global networks.

Currently China has the largest market for fiber optic products globally and is also a leading market player as a consumer though the fiber optics market in 2013 was immensely ruled by North America, Asia-Pacific and Europe who jointly took a whopping 90% share from the market. China’s demand for fiber optics was huge in the last decade and it is expected to grow continuously in both production and demand in the next five years while the demand for fiber optics in Asia-Pacific is relying on the connectivity improvement and serving up to the increasing demand from 3G/4G usage. The rise of demand in other economies like the U.S., Germany and Japan is also high due to the adaptation of networks like fiber to the node and fiber to the home. The overall efforts and requirements drive the demand to reach 350 million fiber-km globally by 2019.

North America and Europe are expected to grow steadily over the forecast period. Asia Pacific is estimated to grow at a considerable rate on account of increasing market demand in application segments. Increasing use of new telecommunication technologies such as FTTx applications and 4G mobile usages is expected to be the key growth factor for the region.

Increasing data security concerns and use of alternative raw materials is expected to drive the fiber optics market. High manufacturing and installation cost involved may hinder market growth over the forecast period. Complex manufacturing process and depleting raw material used for the process is also expected to restrict market growth over the next six years.
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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520



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