Europe Fiber Optics Market Size & Outlook, 2023-2030
Europe fiber optics market, 2017-2030 (US$M)
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Europe fiber optics market highlights
- The Europe fiber optics market generated a revenue of USD 2,003.1 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,003.1 million |
| Market revenue in 2030 | USD 2,710.1 million |
| Growth rate | 4.4% (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, Europe region accounted for 21.3% 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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Europe 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 52.4% in 2023. Horizon Databook has segmented the Europe 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.
European markets have been at the forefront of early adoption of advanced telecom technologies and continue to maintain this leadership position. Several factors contribute to this, including the presence of well-established ecosystems and a high level of consumer penetration of digital technologies.
These factors provide strong encouragement for industry stakeholders to boost their investments in fiber optic and telecom infrastructure. The aerospace and medical industries are benefiting from the rise in fiber optic sensing technology in European nations.
Endoscopic applications in the medical field are driving the need for fiber optics devices, including flexible tubing that incorporates several lighted mirror lenses. They are also used in clinical applications, laboratory analysis, and academic diagnostic and intensive care research.
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Our clientele includes a mix of fiber optics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe fiber optics market size, by country, 2017-2030 (US$M)
Europe Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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