Latin America Fiber Optics Market Size & Outlook
Latin America fiber optics market, 2017-2030 (US$M)
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Latin America fiber optics market highlights
- The Latin America fiber optics market generated a revenue of USD 906.1 million in 2023.
- The market is expected to grow at a CAGR of 7.7% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 906.1 million |
| Market revenue in 2030 | USD 1,523.2 million |
| Growth rate | 7.7% (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, Latin America region accounted for 9.6% 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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Latin America 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 54.74% in 2023. Horizon Databook has segmented the Latin America 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.
The market for fiber optics in Latin America is experiencing significant growth, primarily driven by the region's escalating demand for high-speed data transmission, internet connectivity, and digitalization across various verticals.
Countries in the region are actively investing in enhancing their telecommunications infrastructure, leading to a notable increase in the deployment of optical fiber networks. According to the UN Economic Commission for Latin America and the Caribbean (UN-ECLAC), digital transformation is contributing to the creation of social and environmental value through initiatives in education and sustainable industrialization.
The analysis further emphasizes the impact of digital technologies on energy demand sectors, highlighting the more comprehensive integration of digitalization across enterprises. The fiber optics market in Latin America is well-positioned for ongoing expansion, presenting substantial opportunities for market players.
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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 Latin America fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America fiber optics market size, by country, 2017-2030 (US$M)
Latin America Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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