North America Fiber Optics Market Size & Outlook
North America fiber optics market, 2017-2030 (US$M)
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North America fiber optics market highlights
- The North America fiber optics market generated a revenue of USD 2,577.5 million in 2023.
- The market is expected to grow at a CAGR of 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,577.5 million |
| Market revenue in 2030 | USD 3,623.5 million |
| Growth rate | 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, North America region accounted for 27.4% 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 |
|---|
North 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 54.83% in 2023. Horizon Databook has segmented the North 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 growing demand for increased technological breakthroughs, widespread usage in IT and telecommunications, and the development of fiber-integrated infrastructure have all contributed to the market's rise in the North American region. The favorable expansion of fiber optics in this area also fuels demand for connected devices and the Internet of Things (IoT).
It expands the deployment of broadband network platforms that include fiber to the building, premises, cabinet, and home. Additionally, the region is home to some of the largest fiber optic cable enterprises that are continually expanding their presence in the region.
One such prominent player is CommScope, known for its pioneering work in fiber optic innovation and pushing the borders of high-performance fiber connectivity, particularly for complex networks. The company's commitment to setting industry standards ensures that its fiber-optic cabling systems consistently surpass the established expectations and requirements.
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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 North America fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into North America fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America fiber optics market size, by country, 2017-2030 (US$M)
North America Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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