Brazil Fiber Optics Market Size & Outlook, 2023-2030
Brazil fiber optics market, 2017-2030 (US$M)
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Brazil fiber optics market highlights
- The Brazil fiber optics market generated a revenue of USD 232.3 million in 2023 and is expected to reach USD 399.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8% 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.
Fiber optics market data book summary
| Market revenue in 2023 | USD 232.3 million |
| Market revenue in 2030 | USD 399.3 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Multi-mode |
| Fastest growing segment | Plastic Optical Fiber (POF) |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 2.5% of the global fiber optics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 399.3 million by 2030.
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Fiber Optics Market Scope
Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 56.05% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil's increasing need for high-speed internet, greater data transmission capabilities, and advancements in telecommunications infrastructure have been critical in driving the expansion of the fiber optics market. The Brazilian government has actively invested in enhancing the country's broadband infrastructure, with the goal of boosting internet penetration and bridging the digital divide.
These government initiatives have fostered a facilitative environment for the widespread adoption of fiber optic networks. Moreover, the demand for fiber optics is significantly propelled by the expansion of 4G networks and the ongoing deployment of 5G networks in Brazil.
These advanced mobile technologies require highcapacity and low-latency networks, requirements that optical fiber effectively benefits. As such, the fiber optics market in Brazil is poised for continued growth as the demand for high-speed internet and advanced telecommunications services continues to rise.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil fiber optics market size, by type, 2017-2030 (US$M)
Brazil Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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