Asia Pacific Fiber Optics Market Size, Share & Trends Analysis Report By Type (Single-mode, Multi-mode, Plastic Optical Fiber), By Application (Telecom, Medical), By Country, And Segment Forecasts, 2023 - 2030

Report Overview

The Asia Pacific fiber optics market size was valued at USD 2,523.9 million in 2022 and is projected to grow at a compound annual growth rate(CAGR)of 9.0% from 2023 to 2030.Numerous countries in the Asia Pacific region are experiencing a shift toward a technologically advanced landscape, with a particular emphasis on projects, such as smart cities, Internet of Things (IoT) integration, and the development of healthcare systems. Fiber optics support these digital initiatives by providing high-speed and minimal latency communication for real-time data transmission and communication. Moreover, the growing use of fiber optic connectors in the Asia Pacific region, as it is vital in facilitating reliable and high-speed communication, is responsible for market growth.

The market is witnessing the adoption of advanced technologies, such as Wavelength Division Multiplexing (WDM) and Dense Wavelength Division Multiplexing (DWDM). Multiple light wavelengths can be transmitted over a single fiber via WDM and DWDM technologies, significantly improving the network's data capacity. For instance, in February 2023, Bharti Airtel, an Indian telecommunications company, collaborated with Ribbon Communications Inc., a U.S.-based telecommunications company, to expand its long-haul DWDM network. The collaboration enables Bharti Airtel to support various applications and services, including data-intensive applications, cloud computing, video streaming, and emerging technologies like 5G.

The growing adoption of fiber optic cables under the sea in Asia has played a crucial role in driving market growth. It has improved connectivity between countries and provided increased network capacity and spectral efficiency. Undersea fiber optic cables will likely be used increasingly as the demand for fast data transmission and reliable connectivity increases, which will further fuel the market expansion in the region. For example, the Asia-Africa-Europe 1 submarine (AAE-1) cable system spans over 25,000 kilometers, connecting multiple countries across Asia, the Middle East, Africa, and Europe. The AAE-1 submarine cable system deployment has significantly increased the utilization of deployed fiber in the region.

Type Insights

The multimode fiber optic segment dominates the market with a revenue share of 52.2% in 2022. Multi-mode fiber optic cables provide a cost-effective solution for short-range applications within buildings, campuses, and data centers where high data rates are required. Multi-mode fiber optic cables play a vital role in enabling reliable and high-bandwidth connectivity, making them a preferred choice for short-range applications in Asia Pacific . Telecommunication providers, internet service providers, and enterprises in the region increasingly deploy multi-mode fiber optic cables to support their network infrastructure and meet the growing demand for high-speed data transmission. This pattern is anticipated to persist as more businesses and organizations embrace digital transformation and necessitate robust and efficient connectivity solutions.

Revenue from the plastic optical fiber segment in the market is expected to grow during the forecast period. Asia Pacific is increasingly adopting Plastic Optical Fiber (POF) as a viable substitute for conventional glass fiber optic cables. POF, composed of polymer material like Polymethyl Methacrylate (PMMA), provides several advantages in specific applications. Cost-effectiveness is a significant factor driving the uptake of POF in the region. POF is typically more affordable to manufacture and install than glass fiber optic cables. This affordability makes it particularly appealing for applications with shorter transmission distances, including home networks, automotive systems, and industrial control systems.

Application Insights

The telecom segment dominated the market with a revenue share of 39.6% in 2022. The telecom sector of the region provides a range of benefits. It offers a significantly higher bandwidth capacity, enabling telecommunication providers to meet the demands of connected devices and data-intensive applications. This ensures a seamless user experience, even during peak usage periods. Fiber optic cables also facilitate long-distance communication without signal degradation, which is crucial in the vast APAC region, where networks must span large geographical areas and connect remote locations. Furthermore, fiber optics provide a future-proof solution, supporting higher data rates and emerging technologies, such as 5G, the Internet of Things (IoT), and smart cities, ensuring continued adaptability and growth.

In the military and aerospace segment in the region, fiber optics play a crucial role in providing secure and reliable communication channels. They resist electromagnetic interference, making them ideal for transmitting sensitive information. In addition, fiber optic cables offer high bandwidth capacity, enabling fast and efficient data transfer. This capability is essential for real-time situational awareness, remote sensing, and military and aerospace operations surveillance. Fiber optics in the military and aerospace segment ensure secure communication, high-speed data transfer, resilience in harsh environments, enhanced sensor networks, long-distance transmission, and significant potential for future applications.

Country-level Insights

China dominated the market with a revenue share of 25.2% in 2022. China’s large population and rapidly growing digital infrastructure strongly demands fiber optics. The increasing adoption of high-speed internet, advanced technologies, and data-centric applications has fueled the country’s need for reliable and high-bandwidth connectivity. China plays a pivotal role in international connectivity through submarine fiber optic cables. It invests in undersea cable systems that connect it with various countries, ensuring seamless data transmission and international communication. The fiber optic market in China is highly competitive, with domestic and international players striving to capture market share.

Several local companies as well as multinational corporations operate in China, offering various fiber optic products and solutions.The market in India is witnessing robust growth and offers promising opportunities for the future.For instance, the BharatNet project, an Indian initiative, aims to connect rural areas with high-speed internet by deploying fiber optic cables. The Digital India campaign emphasizes the significance of fiber optics in achieving a digitally connected nation. Telecom operators in India are actively upgrading their fiber optics networks to meet the growing demand for high-speed internet services. In Japan, the market is also experiencing notable growth and is poised for further expansion. Japan has a robust fiber optic network that supports high-speed broadband services. Japan has also been at the forefront of technological advancements in fiber optics, with leading manufacturers and research institutes.

Key Companies & Market Share Insights

The market is characterized by strong competition with a few major worldwide competitors owning a significant market share. The major focus is on developing new products and collaboration among the key players. For instance, in January 2023, Panduit Corporation, a U.S.-based provider of network infrastructure solutions, acquired an assortment of products for safeguarding subsea cables and pipes from DongWon EN-Tec Co., Ltd., a South Korean marine manufacturer. The acquisition enabled Panduit Corp. to expand its product offerings in Asia Pacific and provide customers with a broader range of high-quality industrial products for safeguarding fiber optic subsea cable installations from challenging environments. Some of the prominent players in the Asia Pacific fiber optics market include:

• AFL

• Birla Furukawa Asia-Pacific Fiber Optics Ltd.

• Corning Inc.

• Finolex Cables Ltd.

• OFS Fitel, LLC

• Optical Cable Corp. (OCC)

• Prysmian Group

• Sterlite Technologies Ltd.

• Yangtze Optical Fibre and Cable Joint Stock Ltd. Company (YOFC)

Asia Pacific Fiber Optics Market Report Scope

Asia Pacific Fiber Optics Market Report Segmentation

This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the Asia Pacific fiber optics market report based on type, application, and country:

• Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Single-mode

  • Multi-mode

  • Plastic Optical Fiber (POF)

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Telecom

  • Oil & Gas

  • Military & Aerospace

  • BFSI

  • Medical

  • Railway

  • Others

• Country Outlook (Revenue, USD Million, 2017 - 2030)

  • China

  • Japan

  • India

  • Singapore

  • Thailand

  • Malaysia

  • Indonesia