The Global Market for Fiber Optic Components is Projected to Reach US$23.5 Billion by 2022

Increase in Fiber Optic Network Deployments to Drive Growth of the Global Fiber Optic Components Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Fiber Optic Components market. The global market for Fiber Optic Components is projected to reach US$23.5 billion by 2022, driven by the rapid development of telecommunications infrastructure; increase in fiber optic network deployments and ensuing demand for harsh environment fiber optic components; growing high bandwidth applications; and rising demand from military, medical, and avionics sectors.

Fiber optics technology is the method of transfer of data and voice through transmission of light via thin transparent fibers. Fiber optics has the advantage of transmission of data without any attenuation, and is seldom impacted by electromagnetic interference, consequently offering integrated and accurate data. These cables are increasingly replacing metal wires as the latter results in loss of data during transmission. Materialization of the “Information Age” is happening over optical fiber and the access to telecommunication networks through wide and growing range of devices is now the ideal approach through which information, knowledge, and culture are distributed among masses in the most effective and uniform manner. Deployment of FTTx networks made rapid progress over the last few years supported by network operators’ sustained focus on enhancing their operations with high-quality communications infrastructure. With growing demand for high-performance computers, servers and network storage systems, there is an ever-rising need for fiber optic interconnectivity to support the growing demand for bandwidth. Increase in data storage networks and technologies are driving up the use of fiber optic components used in these networks such as fiber channels.

While telecom ranks the largest market for fiber optic components, the global medical sector also offers opportunities for growth driven by the growing installation of fiber optic based hospital networks and use of bandwidth hungry Internet based medical applications. In the military sector, demand is benefiting significantly from developments in military communications. Companies in the fiber optic components market are taking the route of modularization, where a number of components can be packaged into a single, modular package offering hassle-free solutions to end users. Without this modular approach, manufacturers are required to outsource all or many of the components to other players, assemble them into a product, and test them before deployment.

As stated by the new market research report on Fiber Optic Components, Asia-Pacific represents the largest market worldwide. Demonstrating a moderate CAGR of 11.8% over the analysis period, the region also constitutes the fastest growing market led by factors such as strong growth of the telecom sector; growing dependence of social and economic activities using ICT and the ensuing opening of several new terrestrial fiber-optic network routes; and commissioning of hundreds of thousands of kilometers of subsea fiber optic networks.

Major players covered in the report include 3M Company, ABB Ltd., Alcatel-Lucent S.A., Amphenol Corp., ARRIS Group, Inc., Broadcom Ltd., Ciena Corp., Corning Inc., Diamond SA, EMCORE Corp., Fujikura Ltd., Furukawa Electric Co., Ltd., Hirose Electric Co., Ltd., Hitachi Metals Ltd., HUBER+SUHNER AG, Japan Aviation Electronics Industry, Ltd., Lumentum Operations LLC, Methode Electronics Inc., Molex Inc., Nexans S.A., Prysmian Group, Siemens AG, Sterlite Technologies Ltd., Sumitomo Electric Industries, Ltd., TE Connectivity Ltd., Tellabs, Inc., Valdor Fiber Optics Inc., among others.

The research report titled “Fiber Optic Components: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in value terms for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report also analyzes the market by product segments – Fiber Optic Connectors, Fiber Optic Couplers, Fiber Optic Transmitters/Receivers, Fiber Optic Amplifiers, and Others.

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