Global Fiber Optic Connectivity Market – Global Industry Analysis and Forecast (2018-2026)

Global Fiber Optic Connectivity Market was valued US$ 1.86 Bn in 2017 and is expected to reach US$ 4.19 Bn by 2026, at a CAGR of 10.68 % during a forecast period.

The fiber optic connectivity market is segmented into component, industry, and region.

Further, global fiber optic connectivity market based on component includes software, hardware, and services, among the components, hardware is further categorized into fiber optic cables, fiber optic connectors, fiber optic cable assemblies, hybrid cables, cabling systems such as cable dividers, distributors, junctions, enclosures & fiber boxes, manufacturing and cleaning tools, wavelength division multiplexers, transceivers and switches, and services are classified into professional services and testing services. In terms of industry segment, global fiber optic connectivity market is classified into mining, oil & gas, wind power, electric substation, and smart cities.

Based on regions, the global fiber optic connectivity market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.

Fiber optic connectivity is a communication exchange technology in which information from one place to another is transferred with the help of light through an optical fiber. Fiber optic connectivity offers high-speed data transmission.

Based on a component, the hardware component of the market is anticipated to account for more than 75% of the global market during the forecast period due to the strong demand for components such as cable assemblies, connectors, switches, and others such as enclosures & fiber boxes.

In terms of industry, smart cities segment is expected to generate the highest revenue within the fiber optic connectivity market due to increasing developments and investments in smart city projects.

Increasing demand for energy-efficient networking solutions across industries and low cost associated with fiber optic networks is driving the fiber optic connectivity market. Furthermore, fiber optic networks have the low cost of ownership and high return on investment as compared to traditional cable networks is boosting the growth of global fiber optic connectivity market.

Technical and operational issues such as attenuation, dispersion, data and signal losses associated with fiber optics are expected to restrain market growth. Additionally, booming growth of wireless networking systems across the world is also hampering the fiber optic connectivity market in long-term.

In terms of region, Europe covers a large share of the fiber optic connectivity market due to strong adoption and penetration of fiber optic components in industries such as oil & gas, wind power, electric substation, and smart cities. The Asia Pacific and Middle East & Africa are anticipated to offer lucrative opportunities to the fiber optic connectivity market due to increasing investments and developments for digitization and automation of operations across the regions.

The global fiber optic connectivity market comprises a large number of international and domestic companies providing a wide range of fiber optic components.

Some of the key vendors offering fiber optic components include Adtell Integration, Adtran, Inc., ADVA Optical Networking, Broadcom, Ciena Corporation, Cisco Systems, Inc., Corning Incorporated, Fiber Optic Services (FOS), Finisar Corporation, Fujitsu Optical Components Ltd., Hamamatsu Photonics K.K., Huawei Technologies Co., HUBER+SUHNER AG, Infinera Corporation, Lumentum Operations LLC, OptiLayer GmbH, Optiwave Systems, Inc., and ZTE Corporation.

Scope of Global Fiber Optic Connectivity Market:

Global Fiber Optic Connectivity Market, by Component:

• Hardware
• Software
• Services

Global Fiber Optic Connectivity Market, by Industry:

• Mining
• Oil & Gas
• Wind Power
• Electric Substation
• Smart Cities

Global Fiber Optic Connectivity Market, by Region:

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America

Key players operated in Global Fiber Optic Connectivity Market:

• Adtell Integration
• Adtran, Inc.
• ADVA Optical Networking
• Broadcom
• Ciena Corporation
• Cisco Systems, Inc.
• Corning Incorporated
• Fiber Optic Services
• Finisar Corporation
• Fujitsu Optical Components Ltd.
• Hamamatsu Photonics K.K.
• Huawei Technologies Co.
• HUBER+SUHNER AG
• Infinera Corporation
• Lumentum Operations LLC
• OptiLayer GmbH
• Optiwave Systems, Inc.
• ZTECorporation

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