Global Fiber Optics Market Size & Outlook, 2023-2030
Global fiber optics market, 2017-2030 (US$M)
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Global fiber optics market highlights
- The global fiber optics market generated a revenue of USD 9,391.2 million in 2023 and is expected to reach USD 14,933.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.9% by 2030.
- In terms of segment, multi-mode accounted for a revenue of USD 5,037.6 million in 2023.
- Plastic Optical Fiber (POF) is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 9,391.2 million |
| Market revenue in 2030 | USD 14,933.8 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Multi-mode |
| Fastest growing segment | Plastic Optical Fiber (POF) |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single mode, Multi-mode, Plastic Optical Fiber (POF) |
Other key industry trends
- In terms of revenue, the North America accounted for 27.4% of the global fiber optics market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 905.5 million by 2030.
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Fiber Optics Market Scope
Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fiber optics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fiber optics market will help companies and investors design strategic landscapes.
Multi-mode was the largest segment with a revenue share of 53.64% in 2023. Horizon Databook has segmented the Global fiber optics market based on single mode, multi-mode, plastic optical fiber (pof) covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Fiber Optics Type Outlook (Revenue, USD Million, 2017-2030)
- Single mode
- Multi-mode
- Plastic Optical Fiber (POF)
- Global Fiber Optics Application Outlook (Revenue, USD Million, 2017-2030)
- Telecom
- Oil & Gas
- Military & Aerospace
- BFSI
- Medical
- Railway
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fiber optics market , including forecasts for subscribers. This global databook contains high-level insights into Global fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global fiber optics market size, by region, 2017-2030 (US$M)
Top 10 countries: Fiber optics market size, 2023 (US$M)
Global fiber optics market share, by type, 2023 & 2030 (%, US$M)
Fiber optics market: Opportunity assessment by country
Global fiber optics market, by region, 2023 (US$M)
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 569.9 | 610.1 | 661.5 | 716.5 | 775.5 | 838.6 | 906.1 | 978.3 | 1,055.3 | 1,137.5 | 1,225.0 | 1,318.3 | 1,417.6 | 1,523.2 | 8.0% |
| Europe | 1,488.3 | 1,549.7 | 1,634.1 | 1,721.6 | 1,812.3 | 1,906.1 | 2,003.1 | 2,103.4 | 2,206.8 | 2,298.2 | 2,399.7 | 2,502.4 | 2,606.0 | 2,710.1 | 5.0% |
| North America | 1,867.6 | 1,952.8 | 2,067.8 | 2,187.7 | 2,312.5 | 2,442.5 | 2,577.5 | 2,717.8 | 2,863.4 | 3,002.3 | 3,152.0 | 3,305.6 | 3,462.8 | 3,623.5 | 5.4% |
| MEA | 680.7 | 740.2 | 812.4 | 888.2 | 967.4 | 1,049.7 | 1,135.0 | 1,222.8 | 1,313.0 | 1,459.2 | 1,583.0 | 1,715.5 | 1,857.1 | 2,008.4 | 9.5% |
| Asia Pacific | 1,587.9 | 1,726.4 | 1,900.8 | 2,091.0 | 2,298.2 | 2,523.9 | 2,769.5 | 3,036.4 | 3,326.3 | 3,614.2 | 3,939.9 | 4,290.0 | 4,665.7 | 5,068.6 | 9.6% |
| Overall | 6,194.5 | 6,579.2 | 7,076.6 | 7,605.0 | 8,165.9 | 8,760.8 | 9,391.2 | 10,058.7 | 10,764.8 | 11,511.3 | 12,299.7 | 13,131.7 | 14,009.2 | 14,933.8 | 6.9% |
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