UK Fiber Optics Market Size & Outlook, 2023-2030
UK fiber optics market, 2017-2030 (US$M)
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UK fiber optics market highlights
- The UK fiber optics market generated a revenue of USD 494.0 million in 2023 and is expected to reach USD 652.9 million by 2030.
- The UK market is expected to grow at a CAGR of 4.1% 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 494.0 million |
| Market revenue in 2030 | USD 652.9 million |
| Growth rate | 4.1% (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, UK accounted for 5.3% 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 Europe, Germany fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 640.5 million by 2030.
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Fiber Optics Market Scope
Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 52.04% in 2023. Horizon Databook has segmented the UK 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 fiber optics market in the U.K. is expanding significantly. The rapid proliferation of digital technologies, including the Internet of Things (IoT), cloud computing, and streaming services, has led to an immense demand for high-bandwidth connections.
Optical fiber cables, recognized for their significantly higher data transfer rates and larger bandwidth capacity, have emerged as the perfect solution to meet the ever-increasing need for faster and more efficient communication networks.
Moreover, the government in the country has recognized the vital role of broadband connectivity in spurring economic growth and ensuring digital inclusion. To achieve this, various initiatives, such as the Broadband Delivery UK (BDUK) program and the Universal Service Obligation (USO), have been put in place to ensure that all citizens have access to dependable and high-speed internet services.
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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 country-level data and insights on the UK fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into UK fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK fiber optics market size, by type, 2017-2030 (US$M)
UK Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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