Fiber Optics Has Various Applications in Medicine And Research Fields Including Endoscopy, Microscopy And Biomedical Research.
The global fiber optics market size is expected to reach USD 11.18 Billion in 2030 and register a revenue CAGR of 9.3% over the forecast period, according to the latest report by Reports and Data. Rising adoption of fiber optics in smart city projects is driving fiber optics market revenue growth.
Increasing deployment of fiber optics in telecommunication infrastructure
is attributed to advantages offered such as higher bandwidth and faster
Internet speed. High bandwidth improves data transmission speed which results
in less download and upload time, and enables simultaneous use of multiple
online applications. High bandwidth also improves signal rates and
long-distance data transmission, which are useful in long distance undersea
telecommunications cables. Fiber optics transmit light signals and those
signals are capable of restricting interferences of different fibers in same
fiber cable. Thus, by eliminating situations such as cross talk between
telecommunication lines, fiber optics are widely being used in manufacturing of
telecommunication equipment.
Fiber optics enables video-on-demand and video conferencing using several
new technologies such as Vertical-Cavity Surface-Emitting Laser (VCSEL)
transmitters, Wavelength Division Multiplexing (WDM) and parallel optics.
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Some Key Highlights
from the Report
- On January 3,
2022, Cable One Inc., which is a US-based broadband communication
provider, made an announcement that it has entered into joint venture with
companies including Stephen Capital Partners LLC, which is a private
equity affiliated to Stephens Inc., and The Pritzker Organization, LLC,
which is an investment company and certain members of the management team.
Aim of this joint venture was to support growth of Clearwave Fiber, which
is affiliated to Clearwave Media. Clearwave Fiber is recently formed
entity under Cable One, Inc. Clearwave Fiber substantially invests to
bring Fiber-to-the-Premise (FTTP) service to business and residential
users across its operational area.
- Hardware segment
accounted for significantly large revenue share in 2020. High reliability
and dual operating window of fiber optic coupler make it an ideal option
in various applications such as optical communication systems and
community antenna networks. High directivity lowers leakage from the
reflected power to the coupled port. This results in more accurate
measurement of forward power. Additionally, low insertion loss ensures
better performance by facilitating proper receiving and interpretation of
signals by active equipment at the back end of a link.
- Dual Window
Coupler (DWC) offer features including high reliability, great stability,
and low polarization dependent loss. Therefore, fiber optics couplers are
suitable for various applications including community antenna networks and
optical communication systems. High directivity is another feature wherein
beams can travel long distances. High directivity also results in low
leakage signal, which further increases accuracy of reflection
measurement.
- Glass segment
accounted for significantly large revenue share in 2020, owing to several
benefits offered such as capability of fiber optics to perform in
extremely low and high temperatures, and slim size and light weight. Glass
optical fiber can be used in several applications such as ovens, furnaces,
and cold storage warehouses. Faster transmission speed and efficiency in
light transferring features of glass type make it ideal in case of high
sensing distances. Moreover, this type of optical fiber enables its users
to select sensors according to required specifications, and slim size and
light weight feature allow it to be fitted in small spaces.
- Healthcare
segment accounted for larger revenue share in 2020, as compared to other
segments, owing to rising awareness regarding benefits offered by fiber
optics such as upgraded patient access and improved emergency care. Fiber
optic networks enable patients to consult with doctors via apps and video
calls, and communicate in real time with the help of high-speed Internet
networks. High-speed fiber optic connectivity allows doctors to interact
with other medical personnel without any network interference. In emergency
scenarios, fiber optic connectivity transfers data from the DOT
Telemedicine backpack tool to analyze and facilitates fast diagnosis.
- Single-mode
segment revenue is expected to grow steadily during the forecast period,
owing to increased bandwidth capacity and ability to restrict data
dispersion. Single-mode cable requires fewer routers or switches in
mid-span; therefore, it enables faster data transfers in case of long
distances. It also enables users to circulate data at 40 Gb over hundreds
of kilometers and 10 Gb over thousands of kilometers.
- Market in North
America accounted for largest revenue share in 2020. Technological
advancements and large-scale deployment of several technologies in various
sectors such as telecommunications, and government, among others are
factors expected to drive demand and adoption of fiber optics. Rapid
industrialization and rapid infrastructural development are creating
lucrative revenue growth opportunities for players operating in countries
in the region.
- Companies profiled in the global market
report include Huawei Technologies Co., Ltd., Bentley Systems Inc., ADTRAN
Inc., Technicolor, CableLabs., Sumitomo Electric Industries Ltd., PCT
International Inc., Fujikura Ltd., Twinstar Technologies Co. Ltd., and
Altair Engineering Inc.
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For the purpose of this report, Reports and
Data has segmented the global fiber optics market based on component, optical
fiber type, application, cable type, and region:
Component Outlook
(Revenue, USD Billion; 2018–2030)
- Hardware
- Couplers
- Receivers
- Others
- Software
Optical Fiber
Type Outlook (Revenue, USD Billion; 2018–2030)
- Glass
- Plastic
Application Outlook
(Revenue, USD Billion; 2018–2030)
- Healthcare
- Telecommunication
- Government
- Others
Cable Type Outlook
(Revenue, USD Billion; 2018–2030)
- Multi-mode
- Single-mode
Regional Outlook
(Revenue, USD Billion; 2018–2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
& Africa
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