PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1668762
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1668762
The fiber optic components market is expected to grow from USD 36.69 billion in 2025 to USD 58.65 billion by 2030, growing at a CAGR of 9.8% from 2025 to 2030.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Billion) |
Segments | By Component, Data Rate, Application, and Region |
Regions covered | North America, Europe, APAC, RoW |
Digital signage broadcasts menus, information, advertising, and other content using technologies such as LCD, LED, plasma displays, or projected images. These are available for both public and private environments, including retail stores, hotels, government organizations, and corporate buildings, among other locations. Digital signages are gaining wide acceptance in the market due to their dynamic nature-as content can be updated according to requirement-and their low cost and wide range of benefits. Fiber optic pieces are expensive, fragile, and prone to transmission loss. Small sizes make them vulnerable to damage through repairs or rewiring. Also, fiber optics are prone to fiber fuse in their networks, meaning excessive light can damage the fibre cable in a short time. Any material surrounding the cable may also interfere with the transmission. Since they are fragile, fiber optics need adequate protective casings to provide resistance to respective installation environments.
"Data rates 41 Gbps to 100 Gbps to grow with highest CAGR during the forecast period"
Optical transceivers supporting data rates of 41 Gbps to 100 Gbps are expected to grow at the highest CAGR during the forecast period. The rising demand for higher data transmission drives the growing demand for 100G, 200G, and 400G transceivers. With the advent of advanced technologies such as AI and 5G, there is an increased requirement for higher bandwidth, which is eventually necessary for data center applications. Moreover, there has been an increase in internet penetration traffic owing to different factors such as high-bandwidth applications, enhanced data transfer capabilities, fast fixing broadband speeds, growing online video content, mobile internet users, and the proliferation of connected devices. Furthermore, the rising adoption of smart devices and IoT is responsible for the increasing demand for high data rate-enabled optical transceivers along with the shift toward Cloud storage.
"Communication application to hold the largest size of Fiber optic components market in 2024"
Optical fiber components are crucial components for communications and networking. Fiber optic components allow the core networking hardware, such as switches and routers, as well as data centers, enterprise, and telecommunication networking systems to function effectively. The increasing adoption of connected devices creates data traffic across networks that demand components supporting high-speed communications; hence, high data rate optical components are gaining traction in the market. Furthermore, the data flow has expanded to unprecedented levels due to the advancements in technologies such as 5G, Big Data, blockchain, Cloud-based services, Internet of Things (IoT), and artificial intelligence (AI), which have become hotspot drivers for the fiber optic components market.
"Asia Pacific to dominate Fiber optic components market in 2024"
In terms of market share, Asia Pacific dominated the fiber optic components market in 2024. The development of advanced technologies such as AI, IoT, and Big Data has made it easier to build large-scale data center applications. Major multinational corporations, including as Facebook, Amazon, Microsoft, Google, Alibaba, and Baidu, have created data centers in Asia and intend to expand their reach into other countries.
Consumers in China and India are driving Asia Pacific's growth, as they increasingly employ high-speed broadband services and mobile devices. The increasing use of optical communication in data centers and telecommunications will fuel the fiber optic components market in this region.
Players profiled in this report are Coherent Corporation (US), Lumentum Holdings Inc. (US), Broadcom Inc. (US), Sumitomo Electric Industries (Japan), Accelink Technologies (China), Acacia Communications, Inc. (US), EMCORE Corporation (US), Fujitsu Optical Components (Japan), and Furukawa Electric (Japan), Hexatronic (Sweden), O-Net Technologies (China), Smiths Interconnect (UK), Source Photonics (US), Fiber Mountain (US), Amphenol Corporation (US), TE Connectivity (Switzerland), Fiber Optic Communications, Inc(Taiwan), MWTechnologies (Portugal), Nokoxin Technology (China).
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall fiber optic components market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.