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Market Analysis and Insights: Global Fiber Optics Market
Fiber optics is the technology used to transmit information as pulses of light through strands of fiber made of glass or plastic over long distances.
Optical fibers are about the diameter of a strand of human hair and when bundled into a fiber-optic cable, they’re capable of transmitting more data over longer distances and faster than other mediums.
Fiber optics has been used in the medical industry for years. The physical characteristics of fiber make it a natural choice for many different applications. Commonly used for illumination, flexible image bundles, light conductors, flexible light guides, laser delivery systems, and equipment interconnects, fiber optics provide a very compact, flexible conduit for light or data delivery in equipment, surgical, and instrumentation applications.
Traditional medical fiber optic applications include light therapy, x-ray imaging, ophthalmic lasers, lab and clinical diagnostics, dental hand pieces, surgical and diagnostic instrumentation, endoscopy, surgical microscopy, and a wide range of equipment and instrument illumination.
Due to the COVID-19 pandemic, the global Fiber Optics market size is estimated to be worth US$ 9960.3 million in 2022 and is forecast to a readjusted size of US$ 16950 million by 2029 with a CAGR of 7.8% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Multi-Mode Fiber Optics accounting for % of the Fiber Optics global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While IT and Telecoms segment is altered to an % CAGR throughout this forecast period.
Fiber Optics are mainly classified into the following types: Single-Mode Optical Fiber and Multi-Mode Optical Fiber. Single-Mode Optical Fiber is the most widely used type which took up about 98 % of the total in 2019.
Fiber Optics have wide range of applications, such as IT and Telecoms, Medical, Robotics, etc. And IT and Telecoms was the most widely used area which took up about 83% of the global total in 2019.
APAC is the largest region of Fiber Optics in the world in the past few years and it will keep increasing in the next few years. APAC market took up about 52% the global market in 2019, while Americas and Europe were about 26%, 16%.
Prysmian, Hentong, Furukawa, Corning, YOFC, Futong, Sumitomo, Tongding Optic-Electronic, CommScope, etc. are the key suppliers in the global Fiber Optics market. Top 5 took up more than 40% of the global market in 2019.
Global Fiber Optics Scope and Market Size
The global Fiber Optics market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Fiber Optics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Multi-Mode Fiber Optics
Single-Mode Fiber Optics
Segment by Application
IT and Telecoms
Medical
Robotics
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Prysmian
Hentong
Furukawa
Corning
YOFC
Futong
Sumitomo
Tongding Optic-Electronic
CommScope
STL
FiberHome
Jiangsu Etern
ZTT
Fasten
Nexans
LS Cable and System
Fiber optics is the technology used to transmit information as pulses of light through strands of fiber made of glass or plastic over long distances.
Optical fibers are about the diameter of a strand of human hair and when bundled into a fiber-optic cable, they’re capable of transmitting more data over longer distances and faster than other mediums.
Fiber optics has been used in the medical industry for years. The physical characteristics of fiber make it a natural choice for many different applications. Commonly used for illumination, flexible image bundles, light conductors, flexible light guides, laser delivery systems, and equipment interconnects, fiber optics provide a very compact, flexible conduit for light or data delivery in equipment, surgical, and instrumentation applications.
Traditional medical fiber optic applications include light therapy, x-ray imaging, ophthalmic lasers, lab and clinical diagnostics, dental hand pieces, surgical and diagnostic instrumentation, endoscopy, surgical microscopy, and a wide range of equipment and instrument illumination.
Due to the COVID-19 pandemic, the global Fiber Optics market size is estimated to be worth US$ 9960.3 million in 2022 and is forecast to a readjusted size of US$ 16950 million by 2029 with a CAGR of 7.8% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Multi-Mode Fiber Optics accounting for % of the Fiber Optics global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While IT and Telecoms segment is altered to an % CAGR throughout this forecast period.
Fiber Optics are mainly classified into the following types: Single-Mode Optical Fiber and Multi-Mode Optical Fiber. Single-Mode Optical Fiber is the most widely used type which took up about 98 % of the total in 2019.
Fiber Optics have wide range of applications, such as IT and Telecoms, Medical, Robotics, etc. And IT and Telecoms was the most widely used area which took up about 83% of the global total in 2019.
APAC is the largest region of Fiber Optics in the world in the past few years and it will keep increasing in the next few years. APAC market took up about 52% the global market in 2019, while Americas and Europe were about 26%, 16%.
Prysmian, Hentong, Furukawa, Corning, YOFC, Futong, Sumitomo, Tongding Optic-Electronic, CommScope, etc. are the key suppliers in the global Fiber Optics market. Top 5 took up more than 40% of the global market in 2019.
Global Fiber Optics Scope and Market Size
The global Fiber Optics market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Fiber Optics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Multi-Mode Fiber Optics
Single-Mode Fiber Optics
Segment by Application
IT and Telecoms
Medical
Robotics
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Prysmian
Hentong
Furukawa
Corning
YOFC
Futong
Sumitomo
Tongding Optic-Electronic
CommScope
STL
FiberHome
Jiangsu Etern
ZTT
Fasten
Nexans
LS Cable and System
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