PUBLISHER: KBV Research | PRODUCT CODE: 1709912
PUBLISHER: KBV Research | PRODUCT CODE: 1709912
North America Fiber Optics Market Size, Share & Trends Analysis Report By Type (Multi-mode, Single mode, and Plastic Optical Fiber (POF)), By Application, By Country and Growth Forecast, 2024 - 2031
The North America Fiber Optics Market would witness market growth of 6.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Fiber Optics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,187.4 million by 2031. The Canada market is expected to witness a CAGR of 8.9% during (2024 - 2031). Additionally, The Mexico market would capture a CAGR of 8.1% during (2024 - 2031).
The market represents a cornerstone of modern communication and technology, facilitating the rapid transmission of data across vast distances with unparalleled efficiency. Fiber optics, at its core, involves the use of thin strands of glass or plastic fibers to transmit light signals, which carry information in the form of data, voice, or video. This technology has revolutionized industries by offering a reliable, high-speed, and secure medium for connectivity, surpassing the limitations of traditional copper-based systems. As the demand for faster and more robust communication networks continues to grow, fiber optics has emerged as a critical enabler, shaping the infrastructure of the digital age. From powering the internet to supporting cutting-edge innovations, its influence spans a wide range of sectors, making it an indispensable part of contemporary life.
Fiber optics finds applications across a multitude of industries, reflecting its adaptability and superior performance. In telecommunications, it serves as the backbone of high-speed internet and mobile networks, enabling seamless connectivity for billions of users. Beyond traditional communication, it plays a pivotal role in data centers, where massive volumes of information are processed and stored, requiring low-latency and high-bandwidth solutions. Technology is also integral to the broadcasting industry, delivering high-definition video and audio signals with exceptional clarity.
Mexico's telecommunications sector has consistently outpaced the country's overall economic growth, driven by mobile broadband and broadcasting services. In 2022, Mexico had over 130 million active wireless lines, with 113 million users having internet access. By the end of 2023, the number of active wireless lines was projected to surpass 138 million. The growing demand for high-speed internet and 5G connectivity has accelerated fiber optic deployment across the country. Telecom providers are investing in fiber-optic networks to improve bandwidth capacity, reduce latency, and support increasing mobile data consumption. Additionally, fiber optics are vital for expanding internet access in rural and urban areas, enhancing Mexico's digital economy. Thus, the U.S., Canada, and Mexico are all contributing to the growth of the market through strategic investments in defense, aerospace, and telecommunications.
Based on Type, the market is segmented into Multi-mode, Single mode, and Plastic Optical Fiber (POF). Based on Application, the market is segmented into Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Railway, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Corning Incorporated
- Prysmian Group
- Sumitomo Electric Industries, Ltd.
- Nexans S.A.
- Fujikura Ltd.
- Leoni AG
- Hengtong Group Co., Ltd.
- TE Connectivity Ltd.
- PCT International, Inc.
- Coherent Corp.
North America Fiber Optics Market Report Segmentation
By Type
- Multi-mode
- Single mode
- Plastic Optical Fiber (POF)
By Application
- Telecom
- Oil & Gas
- Military & Aerospace
- BFSI
- Medical
- Railway
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Fiber Optics Market, by Type
- 1.4.2 North America Fiber Optics Market, by Application
- 1.4.3 North America Fiber Optics Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. North America Fiber Optics Market by Type
- 4.1 North America Multi-mode Market by Country
- 4.2 North America Single mode Market by Country
- 4.3 North America Plastic Optical Fiber (POF) Market by Country
Chapter 5. North America Fiber Optics Market by Application
- 5.1 North America Telecom Market by Country
- 5.2 North America Oil & Gas Market by Country
- 5.3 North America Military & Aerospace Market by Country
- 5.4 North America BFSI Market by Country
- 5.5 North America Medical Market by Country
- 5.6 North America Railway Market by Country
- 5.7 North America Other Application Market by Country
Chapter 6. North America Fiber Optics Market by Country
- 6.1 US Fiber Optics Market
- 6.1.1 US Fiber Optics Market by Type
- 6.1.2 US Fiber Optics Market by Application
- 6.2 Canada Fiber Optics Market
- 6.2.1 Canada Fiber Optics Market by Type
- 6.2.2 Canada Fiber Optics Market by Application
- 6.3 Mexico Fiber Optics Market
- 6.3.1 Mexico Fiber Optics Market by Type
- 6.3.2 Mexico Fiber Optics Market by Application
- 6.4 Rest of North America Fiber Optics Market
- 6.4.1 Rest of North America Fiber Optics Market by Type
- 6.4.2 Rest of North America Fiber Optics Market by Application
Chapter 7. Company Profiles
- 7.1 Corning Incorporated
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 Prysmian Group
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 SWOT Analysis
- 7.3 Sumitomo Electric Industries, Ltd.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 Nexans S.A.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
- 7.5 Fujikura Ltd.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 Leoni AG
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Hengtong Group Co., Ltd.
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 TE Connectivity Ltd.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 SWOT Analysis
- 7.9 PCT International, Inc.
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Coherent Corp.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 Recent strategies and developments:
- 7.10.5.1 Product Launches and Product Expansions:
- 7.10.6 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Fiber Optics Market, 2020 - 2023, USD Million
- TABLE 2 North America Fiber Optics Market, 2024 - 2031, USD Million
- TABLE 3 North America Fiber Optics Market by Type, 2020 - 2023, USD Million
- TABLE 4 North America Fiber Optics Market by Type, 2024 - 2031, USD Million
- TABLE 5 North America Multi-mode Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Multi-mode Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Single mode Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Single mode Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Plastic Optical Fiber (POF) Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Plastic Optical Fiber (POF) Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Fiber Optics Market by Application, 2020 - 2023, USD Million
- TABLE 12 North America Fiber Optics Market by Application, 2024 - 2031, USD Million
- TABLE 13 North America Telecom Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Telecom Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Oil & Gas Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Oil & Gas Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Military & Aerospace Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Military & Aerospace Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Medical Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Medical Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Railway Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Railway Market by Country, 2024 - 2031, USD Million
- TABLE 25 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Fiber Optics Market by Country, 2020 - 2023, USD Million
- TABLE 28 North America Fiber Optics Market by Country, 2024 - 2031, USD Million
- TABLE 29 US Fiber Optics Market, 2020 - 2023, USD Million
- TABLE 30 US Fiber Optics Market, 2024 - 2031, USD Million
- TABLE 31 US Fiber Optics Market by Type, 2020 - 2023, USD Million
- TABLE 32 US Fiber Optics Market by Type, 2024 - 2031, USD Million
- TABLE 33 US Fiber Optics Market by Application, 2020 - 2023, USD Million
- TABLE 34 US Fiber Optics Market by Application, 2024 - 2031, USD Million
- TABLE 35 Canada Fiber Optics Market, 2020 - 2023, USD Million
- TABLE 36 Canada Fiber Optics Market, 2024 - 2031, USD Million
- TABLE 37 Canada Fiber Optics Market by Type, 2020 - 2023, USD Million
- TABLE 38 Canada Fiber Optics Market by Type, 2024 - 2031, USD Million
- TABLE 39 Canada Fiber Optics Market by Application, 2020 - 2023, USD Million
- TABLE 40 Canada Fiber Optics Market by Application, 2024 - 2031, USD Million
- TABLE 41 Mexico Fiber Optics Market, 2020 - 2023, USD Million
- TABLE 42 Mexico Fiber Optics Market, 2024 - 2031, USD Million
- TABLE 43 Mexico Fiber Optics Market by Type, 2020 - 2023, USD Million
- TABLE 44 Mexico Fiber Optics Market by Type, 2024 - 2031, USD Million
- TABLE 45 Mexico Fiber Optics Market by Application, 2020 - 2023, USD Million
- TABLE 46 Mexico Fiber Optics Market by Application, 2024 - 2031, USD Million
- TABLE 47 Rest of North America Fiber Optics Market, 2020 - 2023, USD Million
- TABLE 48 Rest of North America Fiber Optics Market, 2024 - 2031, USD Million
- TABLE 49 Rest of North America Fiber Optics Market by Type, 2020 - 2023, USD Million
- TABLE 50 Rest of North America Fiber Optics Market by Type, 2024 - 2031, USD Million
- TABLE 51 Rest of North America Fiber Optics Market by Application, 2020 - 2023, USD Million
- TABLE 52 Rest of North America Fiber Optics Market by Application, 2024 - 2031, USD Million
- TABLE 53 Key Information - Corning Incorporated
- TABLE 54 Key Information - Prysmian Group
- TABLE 55 Key Information - Sumitomo Electric Industries, Ltd.
- TABLE 56 Key Information - Nexans S.A.
- TABLE 57 Key Information - Fujikura Ltd.
- TABLE 58 Key Information - Leoni AG
- TABLE 59 Key Information - HENGTONG GROUP CO., LTD.
- TABLE 60 Key information -TE Connectivity Ltd.
- TABLE 61 Key Information - PCT International, Inc.
- TABLE 62 Key Information - Coherent Corp.
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America Fiber Optics Market, 2020 - 2031, USD Million
- FIG 3 Key Factors Impacting Fiber Optics Market
- FIG 4 Porter's Five Forces Analysis - Fiber Optics Market
- FIG 5 North America Fiber Optics Market share by Type, 2023
- FIG 6 North America Fiber Optics Market share by Type, 2031
- FIG 7 North America Fiber Optics Market by Type, 2020 - 2031, USD Million
- FIG 8 North America Fiber Optics Market share by Application, 2023
- FIG 9 North America Fiber Optics Market share by Application, 2031
- FIG 10 North America Fiber Optics Market by Application, 2020 - 2031, USD Million
- FIG 11 North America Fiber Optics Market share by Country, 2023
- FIG 12 North America Fiber Optics Market share by Country, 2031
- FIG 13 North America Fiber Optics Market by Country, 2020 - 2031, USD Million
- FIG 14 SWOT Analysis: Corning Incorporated
- FIG 15 SWOT Analysis: Prysmian Group
- FIG 16 SWOT Analysis: Sumitomo Electric Industries, Ltd
- FIG 17 SWOT Analysis: Nexans S.A.
- FIG 18 SWOT Analysis: Fujikura Ltd.
- FIG 19 SWOT Analysis: Leoni AG
- FIG 20 SWOT Analysis: HENGTONG GROUP CO., LTD.
- FIG 21 SWOT Analysis: TE Connectivity Ltd.
- FIG 22 SWOT Analysis: PCT International, Inc.
- FIG 23 SWOT Analysis: Coherent Corp.
