Europe Fiber Optics Market Size To Reach $2.71 Billion By 2030

Europe Fiber Optics Market Growth & Trends

The Europe fiber optics market size is anticipated to reach USD 2.71 billion by 2030, expanding at a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the increased demand for high-speed internet connectivity, telecommunication infrastructure advancements, and fiber optic technology adoption in various industries. Fiber optics technology transmits data, voice, and video communications over long distances by sending light through thin glass or plastic fibers.

Technological advancements have been instrumental in boosting the expansion of the European fiber optics sector. The growth of cutting-edge technologies like 5G networks, the Internet of Things (IoT), and cloud computing heavily depends on fiber optics' swift and dependable connectivity. These advancements have spurred a demand for more sophisticated communication systems, driving the increased adoption of fiber optics throughout Europe.

The rise of cloud computing and data centers, the digital transformation of various sectors such as healthcare, finance, and education, and the push towards energy-efficient solutions and sustainable infrastructure are driving the adoption of fiber optics technology in Europe. Furthermore, implementing 5G technology necessitates strong and high-capacity networks to meet the rising data traffic and connectivity needs. Fiber optics are essential for supporting 5G networks by establishing a vital infrastructure that links cell towers and data centers.

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Europe Fiber Optics Market Report Highlights

• Based on mode, the multi-mode segment accounted for the largest revenue share of 52.4% in 2023. Multi-mode fiber optics are well-suited for modern data needs like video streaming and cloud computing due to their ability to handle higher bandwidths, making them perfect for these data-intensive applications

• In terms of application, the medical segment is anticipated to register the fastest CAGR over the forecast period. Fiber optics in medical devices help improve patient care by allowing less invasive procedures, more rapid recovery, and better treatment results

• In November 2023, STL Tech expanded its production of fiber optics by establishing two new manufacturing facilities in Italy for a faster and more continuous supply chain. The company aims to accelerate the deployment of fiber infrastructure and 5G networks in Germany

Europe Fiber Optics Market Segmentation

Grand View Research has segmented the Europe fiber optics market based on mode, application, and country:

Europe Fiber Optics Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Single-mode

• Multi-mode

• Plastic Optical Fiber

Europe Fiber Optics Application Outlook (Revenue, USD Million, 2017 - 2030)

• Telecom

• Oil & Gas

  • Material Sensing

  • High Bandwidth Communication

  • others

• Military & Aerospace

  • Secure Communication

  • Weapon System

  • Surveillance System

  • Optical Computing

  • UAV

  • Military Vehicle Sensing

• BFSI

• Medical

  • Biomedical Sensing

  • Minimal Invasive Surgery

  • Imaging

    • Endoscopy

    • MRI

    • CT

    • PET

    • X-Ray

    • Others

  • Others

• Railway

  • Railway Maintenance

  • Speed Monitoring

  • Dynamic Load Calculation

• Others

Europe Fiber Optics Country Outlook (Revenue, USD Billion, 2017 - 2030)

• Europe

  • Germany

  • UK

  • France

List of Key Players in the Europe Fiber Optics Market

• Axjo Plastic AB

• Coherent Corp.

• Corning Incorporated

• Hexatronic Group

• Linden Photonics, Inc.

• Nexans

• Panduit Corp.

• Prysmian Group

• STL Tech

• TKH GROUP