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San Francisco, August 3, 2021/PRNewswire/ - Global Industry Analyst Corporation (GIA), a leading market research company, today released a new report titled "Optical Fiber Components-Global Market Trajectory and Analysis" Market Research Report. This report presents a new perspective on the opportunities and challenges of major changes in the market after COVID-19.
Fact Overview Version: 17; Release Date: May 2021 Executive Pool: 18,996 Companies: 301-Players covered include 3M; ABB; Amphenol; Broadcom; Ciena; Corning; Diamond ; EMCORE Corporation; Fujikura Co., Ltd.; Furukawa Electric Co., Ltd.; Hirose Electric Co., Ltd.; Hitachi Metal Co., Ltd.; HUBER+SUHNER AG; Japan Aviation Electronics Industry Co., Ltd.; Lumentum Operations Co., Ltd.; Methode Electronics Co., Ltd.; Molex Responsible company; Nexans; Nokia; Prysmian Group; Siemens AG; Sterlite Technology Co., Ltd.; Sumitomo Electric Industries, Ltd.; TE Connectivity Ltd.; Tellabs; Valdor Fiber Optics Inc. and other companies . Coverage: All major regions and key market segments: Type (transmitter/receiver, connector, amplifier, coupler, other types); data range (10g, 40g, 100g, more than 100g); application (communication , Non-communication) Geography: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; United Kingdom; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Other Asia Pacific; Latin America; Argentina; Brazil; Mexico; the rest of Latin America; the Middle East; Africa.
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The global optical fiber component market will reach 32.5 billion U.S. dollars by 2026. Optical fiber technology is popular worldwide due to its inherent advantages over traditionally used copper wires. Compared with all other media, glass fiber has higher tensile strength. The extremely high tensile strength of a two-core optical cable of more than 150 pounds is about 8 times the strength of a Category 5 unshielded twisted pair copper cable. Fiber optics are also smaller and lighter than copper, so they are easier to handle and require less space in floors, ceilings, and narrow ducts. Field termination, splicing and testing of fiber optic cables and connectors are easier, eliminating traditional copper cable installation. Optical fiber technology has been applied in telecommunications, computer links, video transmission, national defense, and certain industrial, medical, and scientific fields. Fiber optic components are mainly composed of active and passive devices used to install and operate fiber optic networks. These devices are part of other standard equipment and can be used in a variety of applications. During the COVID-19 crisis, the global optical fiber component market in 2020 is estimated at 19.8 billion U.S. dollars, and the revised scale is expected to reach 32.5 billion U.S. dollars by 2026, growing at a compound annual growth rate of 8.2% during the analysis period. Transmitter/receiver is one of the market segments analyzed in the report and is expected to grow at a compound annual growth rate of 8.6% by the end of the analysis period, reaching $15.5 billion. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the connector sector was re-adjusted to a revised 9% compound annual growth rate for the next 7 years. This segment currently accounts for 25.2% of the global fiber optic components market.
The US market in 2021 is estimated to be US$4.4 billion, while China is expected to reach US$8.5 billion by 2026. The US optical fiber component market is estimated to be US$4.4 billion by 2021. The country currently accounts for 20.3% of the global market. China is the world's second largest economy, and the market size is expected to reach 8.5 billion U.S. dollars by 2026, with a compound annual growth rate of 9.9% during the entire analysis period. Other notable geographic markets include Japan and Canada, which are expected to grow by 6.4% and 7.1%, respectively, during the analysis period. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 6.9%, while other European markets (as defined in the study) will reach USD 9.2 billion at the end of the analysis period.
Due to the continuous growth in demand for higher bandwidth and the subsequent demand for fiber optic broadband, the strong growth of mobile Internet and the strengthening of FTTx-related deployments, the market is expected to witness strong growth in the next few years. Asian developing countries, etc. Investments in fiber to the home/building (FTTH/B) will continue to be critical to market growth. The liberalization of regulatory systems in several countries and government support for FTTH/B deployment bodes well for the market. Globally, the number of fiber-connected homes is expected to grow strongly, driven by the large number of FTTH deployments by leading operators in North America, Asia Pacific, and Europe, the Middle East, and Africa. The use of broadband connections for remote office, home remote office, home security and home automation services is driving home developers to deploy fiber optic networks. As the only solution to meet the current and future data needs of wired home networks, the emergence of FTTH is expected to indirectly benefit the optical fiber component market. The FTTB architecture is mainly deployed in high-population urban areas such as South Korea, Hong Kong, and Taiwan, with apartment buildings as the mainstay. In addition, the income level of consumers is directly related to the type of optical access deployment. Although the demand for optical fiber has skyrocketed, the high cost associated with cables has prevented widespread adoption by customers. In addition, the complexity involved in connecting various optical fibers and the difficulties associated with repeater installation are hindering market growth.
The amplifier segment will reach 3.8 billion US dollars by 2026. Fiber amplifiers are devices used to increase the power of optical signals to extend their propagation distance on the optical fiber before the signal needs to be regenerated. According to the purpose and network, different types of amplifiers are used to adapt to different applications, namely, single-mode optical fiber network, bidirectional, dispersion-shifted/non-dispersion-shifted optical fiber network. Types of amplifiers include optical line/post amplifiers, two-way optical line amplifiers, and amplifiers built into the transmitter. In the global amplifier field, the United States, Canada, Japan, China, and Europe will drive the field’s estimated compound annual growth rate of 6.8%. By 2020, the total market size of these regional markets will reach 1.8 billion U.S. dollars, and by the end of the analysis period, the total market size is expected to reach 2.9 billion U.S. dollars. China will remain one of the fastest growing countries in this regional market cluster. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$666.1 million by 2026, while Latin America will grow at a compound annual growth rate of 7% throughout the analysis period. more
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Source: Global Industry Analysts, Inc.
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