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Fiber Optics Market Trends

  • Report ID: GMI9211
  • Published Date: Apr 2024
  • Report Format: PDF

Fiber Optics Market Trends

The adoption of optical fiber sensors across diverse industries and applications is driven by technological advancements, growing demand for real-time monitoring, detection, and control, and the need for innovative solutions to address complex sensing challenges. For instance, in June 2021, NEC Corporation launched the NEC Intelligent Optical Fiber Sensing Solution, which allows Communications Service Providers (CSP) and optical fiber owners from around the world to utilize optical fiber as a sensor. It enables users to sense existing optical fibers that are conventionally used for communications. This solution contributes to infrastructure maintenance by using AI to analyze vibrations detected with optical fibers, thereby enabling the detection of abnormalities, such as fiber damage, and preventing future damage.
 

With the introduction of 5G services, the increasing use of diverse internet content, and the rise of remote work, the demand for info-communication traffic continues to increase around the world. As a result, the need for high-performance optical fibers capable of transmitting large-capacity optical signals over a long distance efficiently has been increasing. For instance, in November 2021, Sumitomo Electric Industries, Ltd. established PureAdvance, compliant with the international standard ITU-T G.654.E. It is an optical fiber that enables low transmission loss by using pure silica for the core through which optical signals propagate into the optical fiber.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for fiber optics was valued at over USD 8 billion in 2023 and is anticipated to grow at a CAGR of over 9.5% between 2024 and 2032, driven by the increase in adoption of FTTH connectivity.

The glass fibers segment held over 70% of the fiber optics market share in 2023, owing to the ongoing advancements in specialty glass materials.

Asia Pacific market is poised to attain over 11.5% CAGR from 2024 to 2032, attributed to rapid urbanization and population growth, particularly in China, India, and other Southeast Asian countries.

STL Tech, TE Connectivity, Corning Incorporated, Newport Corporation, Broadcom, Commscope and Fiberoptics Technology Incorporated.

Fiber Optics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 302
  • Countries covered: 20
  • Pages: 220
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