Global Fiber Optic Components Strategic Market Report 2023-2030: A $24.2 Billion Market in 2022 - New Initiatives & New Uses to Widen the Addressable Market
Global Market for Fiber Optic Components
Dublin, May 09, 2023 (GLOBE NEWSWIRE) -- The "Fiber Optic Components: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Fiber Optic Components Market to Reach $45 Billion by 2030
The global market for Fiber Optic Components estimated at US$24.2 Billion in the year 2022, is projected to reach a revised size of US$45 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030.
Transmitters / Receivers, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$20.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Connectors segment is readjusted to a revised 8.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 9.5% CAGR
The Fiber Optic Components market in the U.S. is estimated at US$4.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.6 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.5 Billion by the year 2030.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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
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
FOCUS ON SELECT PLAYERS (Total 301 Featured)
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.
For more information about this report visit https://www.researchandmarkets.com/r/ykw19x
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