Dublin, July 01, 2021 (GLOBE NEWSWIRE) -- The "Fiber Optic Components - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Fiber Optic Components Market to Reach US$34.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Fiber Optic Components estimated at US$19.8 Billion in the year 2020, is projected to reach a revised size of US$34.6 Billion by 2027, growing at a CAGR of 8.2% over the analysis period 2020-2027.Transmitters / Receivers, one of the segments analyzed in the report, is projected to grow at a 8.6% CAGR to reach US$15.5 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Connectors segment is readjusted to a revised 9% CAGR for the next 7-year period. This segment currently accounts for a 25.2% share of the global Fiber Optic Components market.
The U.S. Accounts for Over 20.3% of Global Market Size in 2020, While China is Forecast to Grow at a 9.9% CAGR for the Period of 2020-2027
The Fiber Optic Components market in the U.S. is estimated at US$4 Billion in the year 2020. The country currently accounts for a 20.3% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$9.2 Billion in the year 2027 trailing a CAGR of 9.9% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR while Rest of European market (as defined in the study) will reach US$9.2 Billion by the year 2027.
Amplifiers Segment Corners a 12.5% Share in 2020
In the global Amplifiers segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.6 Billion by the year 2027, while Latin America will expand at a 7% CAGR through the analysis period.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Pandemic Exposes Weaknesses of Present Systems Totally Dependent on the Internet
Pandemic Impact on the Communications Technology Industry
An Introduction to Fiber Optics and Components
Fiber Optic Components
Product Segments: Fiber Optic Components
Developing Markets Drive Growth
Development of Telecommunications Sector: Key to Market Growth
Fiber Optic Connectors Power Telecom Infrastructure
Growth in Fiber Optic Network Deployments: Critical Driving Force
Recent Developments in Global Optical Fiber Cable Market
Growing Number of Multimode or Specialized Fiber Uses
Internet's Rising Contribution to Economy: Need for Optic Fiber Cable Networks
Rising Demand for High Bandwidth Applications Bodes Well for Components Market
Increasing Penetration of Internet Bolsters Fiber Optic Components Market
Growth in Internet Video to Trigger Use of Deployment of Optical Fiber Cable Systems
Vertical Integration: A Key Competitive Advantage
Horizontal Integration: Another Key Weapon in Competitive Arsenal
Deregulation and Privatization of Telecom Sector Drives Fiber Optic Industry
Improving Quality of Fiber Optic Products: A Strategy to Withstand Competition
Reducing Installation Cost of Fiber Optic Networks
Utilities in Telecom Sector - Implications for the Fiber Optics Market
Fiber Optic Component Manufacturing: A Fragmented Marketplace
Recent Market Activity
Select Global Brands
2. FOCUS ON SELECT PLAYERS(Total 301 Featured)
ARRIS Group Inc.
Furukawa Electric Co., Ltd.
Hirose Electric Co., Ltd.
Hitachi Metals, Ltd.
Japan Aviation Electronics Industry, Ltd.
Lumentum Operations LLC
Methode Electronics Inc.
Sterlite Technologies Ltd.
Sumitomo Electric Industries, Ltd.
TE Connectivity Ltd.
Valdor Fiber Optics Inc.
3. MARKET TRENDS & DRIVERS
Widening Use Case of Fiber Optic Cables Triggers Robust Uptake of Fiber Optic Components
New Initiatives & New Uses to Widen the Addressable Market
Innovations & Advancements: Key to Market Growth
Growing Adoption of Data Intensive Internet Applications Creates the Need for Fiber Optics
Government Funding & Active Involvement of Private Players Ramp Up the Fiber Optics Market
Sustained Opportunities for Fiber Optic Connectors
Surging Demand for Fiber Optic Amplifiers Augurs Well
Fiber Optic Collimator Lens Assemblies Market in Growth Mode
Optical Isolators Market: An Insight
Fiber Optic Circulators Market: Dominated by 3-Port Circulators
Fiber Optic Fusion Splicer Market: Growth Driven by Asia-Pacific
Rising Demand for Fiber Optic Patch Cords Market
Fiber Optic Sensors Continue to Make Big Gains
Increasing Acceptance of Fiber Bragg Grating (FBG) Sensors
Fiber Optic Sensing Offers an Ideal Technology for Permanent Reservoir Monitoring
Growing Opportunities for Fiber Optics in Diverse Infrastructure Verticals Elevates Market Prospects
Healthcare Sector Evolves into a High-Growth Market for Fiber Optic Components
Key Areas for Optical Fiber Technology in Medical Sector
Military Applications: Niche End-Use Segment
Fiber Optics to Witness Growth in Avionics Sector
Undersea Applications Enhance Market Prospects
Rising Spending on Small Cell Backhaul Infrastructure Augurs Well
Rise in Data Storage Networks Sparks Up Demand for Fiber Optic Components
Advanced Fiber Optics and Use in Next Generation Networks
Free-Space Optics: An Alternative to Fiber Optic Cables
Strong Growth on the Cards for Passive Optical Components
Harsh Environment Fiber Optic Components Make a Cut
Two Way Communications: Uncertain Future Clouds Potential Opportunities
Issues Related to Piracy of Cable Programming Sent Over Fiber-Optic Cables
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 301
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