Asia Pacific Fiber Optics Market Size & Outlook, 2023-2030
Asia Pacific fiber optics market, 2017-2030 (US$M)
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Asia Pacific fiber optics market highlights
- The Asia Pacific fiber optics market generated a revenue of USD 2,769.5 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, multi-mode was the largest revenue generating type in 2023.
- Plastic Optical Fiber (POF) is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,769.5 million |
| Market revenue in 2030 | USD 5,068.6 million |
| Growth rate | 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) |
| Key market players worldwide | Furukawa Electric Co Ltd, Corning Inc, Molex, OFS, Optical Cable Corp, Prysmian SpA, Sterlite Technologies Ltd DR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.5% of the global fiber optics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,068.6 million by 2030.
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Fiber Optics Market Scope
Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 52.08% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific region dominated the global market at a revenue share of 28.8% in 2022. Increased technological advancements, widespread adoption in the IT & telecommunications, administrative sectors, and development of fiber-integrated infrastructure are attributed to the growth.
The high penetration rate of the expanding IT & telecommunications sector manufacturing sector across the Asia Pacific region is strengthening the market's hold in this region. Moreover, the growing use of fiber optics in the medical sector is catapulting growth in countries such as Japan, China, and India, propelling overall market growth rapidly.
Furthermore, the growing adoption of lasers in domains like dentistry and cosmetology within the region is driving the demand for medical fiber optics. This expansion is also being facilitated by government initiatives aimed at improving the healthcare system and enhancing the overall quality of life for residents.
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Our clientele includes a mix of fiber optics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific fiber optics market size, by country, 2017-2030 (US$M)
Asia Pacific Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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