Global Single Mode Fibre Optic Market, By Type (G.652, G.653, G.654, G.655, G.656, G.657), Application (Telecommunication & Networking, Data Centers, CATV, Factory Automation & Industrial Networking, Military, Others), Cable Type (Quartz Optical Fibre Cables, Multicomponent Glass Fibre Cables, Plastic Optical Fibre Cables, Others), Connector Type (ST Connectors, FC Connectors, LC Connectors, MT-RJ Connectors, SC Connectors, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The internet is a massive network of interconnected devices that spans the globe. Optical fibre cables are used to transmit data from one location to another, and fibre optics is the internet's backbone. In 2018, 51.2 percent of the world's population used the internet, according to the International Telecommunication Union. (ITU). In 2018, the number of internet users increased by more than 45 percent. Cloud computing, data transfer and storage, and the internet of things (IoT) are all driving the internet forward. According to the International Energy Agency, the number of internet users will increase from 3.6 billion in 2018 to 5.0 billion by 2025.
Data Bridge Market Research analyses that the single mode fibre optic market was valued at USD 4467.05 million in 2021 and likely to reach USD by 9786.45 million 2029, and is expected to grow at a CAGR of 10.30% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Fibre Optics is a technology that allows information to be transmitted from one location to another. Optical fibres are the medium through which information is received and delivered. Optical fibre is a data transmission technology that uses light pulses that travel along a long fibre made of plastic or glass. Fibre optic cables have several advantages over traditional cables. These include increased bandwidth, faster speeds, greater coverage over longer distances, and improved secure communication. Fibre optic cables are thinner and lighter in weight than copper cables.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Type (G.652, G.653, G.654, G.655, G.656, G.657), Application (Telecommunication & Networking, Data Centers, CATV, Factory Automation & Industrial Networking, Military, Others), Cable Type (Quartz Optical Fibre Cables, Multicomponent Glass Fibre Cables, Plastic Optical Fibre Cables, Others), Connector Type (ST Connectors, FC Connectors, LC Connectors, MT-RJ Connectors, SC Connectors, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
COMMSCOPE (US), CORNING Incorporated (U.S), FibreHome (China), Fujikura ltd. (Japan), FURUKAWA ELECTRIC CO. LTD. (Japan), NEXANS (France), Sumitomo Corporation. (Japan), Stl. Tech (India), Prysmian S.p.a (Italy), Yangtze Optical Fibre and Cable Joint Stock Limited Company (China)
Single Mode Fibre Optic Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Introduction of internet of things and implementation of 5g networks
The introduction of the internet of things, as well as the global implementation of 5G networks, rising preferences for fibre-to-home connectivity, and increased demand for single mode optical fibre due to fibre scarcity are some of the factors that will likely accelerate the growth of the single mode fibre optic market during the forecast period
Rapid technological advancement
the growing need for funds to develop improved network infrastructure, as well as technological advancements, will further boost various opportunities that will lead to the growth of the single mode fibre optic market during the forecast period.
Increasing installation costs, as well as the adoption of wireless communication networks, are acting as market restraints for single mode fibre optic in the forecasted period.
This single mode fibre optic market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the single mode fibre optic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Single Mode Fibre Optic Market
The global effects of the coronavirus disease 2020 (COVID-19) have already begun to be felt since the virus's outbreak in December 2020, and the 5G Fibre Optic Cable industry will be significantly impacted in 2020. COVID-19 has three major effects on the global economy: it has a direct impact on production and demand, disrupts supply chains and markets, and has a financial impact on businesses and financial markets. Wuhan, home of Fibre home, YOFC, and Accelink, among other enterprises, has the highest concentration of fibre optics supply chain companies, accounting for 25% of global optical fibre production capacity. During the early stages of a COVID-19 pandemic, demand is typically low, but production continues at a reduced rate.
- Corning introduced Corning SMF-28 Contour optical fibre in June 2021 to help telecommunications operators deal with an ever-increasing number of connected devices, the deployment of 5G networks, and advances in cloud computing.
Corning announced plans to build an optical fibre manufacturing facility in Mszczonów, Poland, in April 2021. To meet the growing demand for optical fibre, the site is expected to be one of the largest optical fibre manufacturers in the EU when it opens in 2022.
Global Single Mode Fibre Optic Market Scope
The single mode fibre optic market is segmented on the basis of type, cable type, connector type, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Quartz Optical Fibre Cables
- Multicomponent Glass Fibre Cables
- Plastic Optical Fibre Cables
- ST connectors
- FC connectors
- LC connectors
- MT-RJ connectors
- SC connectors
- Telecommunication & Networking
- Data Centers
- Factory Automation & Industrial Networking
Single Mode Fibre Optic Market Regional Analysis/Insights
The single mode fibre optic market is analysed and market size insights and trends are provided by country type, type, cable type, connector type, and application as referenced above.
The countries covered in the single mode fibre optic market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America will dominate the single mode fibre optic market due to the region's adoption of advanced technology.
On the other hand, Asia-Pacific is expected to grow during the forecast period of 2022 to 2029 due to rapid increase in the number of smart city projects.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Single Mode Fibre Optic Market Share Analysis
The single mode fibre optic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Single Mode Fibre Optic market.
Some of the major players operating in the single mode fibre optic market are:
- COMMSCOPE (US)
- CORNING Incorporated (U.S)
- FibreHome (China)
- Fujikura ltd. (Japan)
- FURUKAWA ELECTRIC CO. LTD. (Japan)
- NEXANS (France)
- Sumitomo Corporation. (Japan)
- Stl. Tech (India)
- Prysmian S.p.a (Italy)
- Yangtze Optical Fibre and Cable Joint Stock Limited Company (China)