U.S. Fiber Optics Market Size & Outlook, 2023-2030
U.S. fiber optics market, 2017-2030 (US$M)
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U.S. fiber optics market highlights
- The U.S. fiber optics market generated a revenue of USD 1,462.9 million in 2023 and is expected to reach USD 1,972.1 million by 2030.
- The U.S. 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.
Fiber optics market data book summary
| Market revenue in 2023 | USD 1,462.9 million |
| Market revenue in 2030 | USD 1,972.1 million |
| Growth rate | 4.4% (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, U.S. accounted for 15.6% 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 North America, U.S. fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 472.4 million by 2030.
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Fiber Optics Market Scope
Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 55.23% in 2023. Horizon Databook has segmented the U.S. 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 U.S. fiber optics market is expected to grow in the coming years due to various technological trends and business needs. The U.S. is at the forefront of digital transformation efforts. The U.S. serves as the largest market for fiber optics, with numerous technology and telecommunications companies making significant investments in fiber optics.
Additionally, the expanding use of fiber optics in various sectors, such as defense and healthcare, is donating to the market's growth. The emergence of smart cities, coupled with the increasing adoption of Internet of Things (IoT) technology, is expected to foster the demand for fiber optics in the U.S.
For instance, in December 2021, Amphenol Corporation, a U.S.-based electronic connector manufacturing company, announced the acquisition of Halo Technology Limited, a manufacturer of fiber optic interconnect devices, for approximately USD 715 million.
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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 country-level data and insights on the U.S. fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. fiber optics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. fiber optics market size, by type, 2017-2030 (US$M)
U.S. Fiber Optics Market Outlook Share, 2023 & 2030 (US$M)
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