Middle East & Africa Fiber Optics Market Size & Outlook
Middle East & Africa fiber optics market, 2017-2030 (US$M)
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MEA fiber optics market highlights
- The MEA fiber optics market generated a revenue of USD 1,135.0 million in 2023.
- The market is expected to grow at a CAGR of 8.5% 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.
MEA data book summary
| Market revenue in 2023 | USD 1,135.0 million |
| Market revenue in 2030 | USD 2,008.4 million |
| Growth rate | 8.5% (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, MEA region accounted for 12.1% 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 |
|---|
Middle East & Africa 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 Middle East & Africa 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.
Businesses and governments across the Middle East and Africa (MEA) region are embarking on a range of digital transformation initiatives, encompassing e-government services, smart cities, and Industry 4.0. These transformative projects demand robust, high-bandwidth communication networks, and they often rely on optical fiber cables for efficient data transmission and seamless connectivity.
Fiber optics, with their capacity for secure and interference-free communication, prove to be exceptionally well-suited for applications that necessitate dependable and safeguarded data transmission.
The growing need for secure communication is particularly pronounced in industries such as healthcare, finance, and government. These sectors are actively driving the adoption of fiber optics technologies to ensure that their data transmission requirements are met with the highest standards of reliability and security.
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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 Middle East & Africa fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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