Global Plastic Optical Fiber Market Size & Outlook
Global plastic optical fiber market, 2018-2030 (US$B)
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Global plastic optical fiber market highlights
- The global plastic optical fiber market generated a revenue of USD 923.7 billion in 2023 and is expected to reach USD 1,698.6 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.1% by 2030.
- In terms of segment, telecom accounted for a revenue of USD 382.2 billion in 2023.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 923.7 billion |
| Market revenue in 2030 | USD 1,698.6 billion |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Telecom |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Railway |
Other key industry trends
- In terms of revenue, the North America accounted for 27.4% of the global plastic optical fiber market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 103.0 billion by 2030.
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Plastic Optical Fiber Market Scope
Plastic Optical Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Yangtze Optical Fibre and Cable Joint Stock Ltd Co Shs -H- Unitary 144A/Reg | View profile | 9176 | No. 9 Guanggu Avenue, East Lake High-tech Development Zone, Hubei Province, Wuhan, China, People's Republic of, 430073 | https://www.yofc.com |
| Prysmian SpA | View profile | 30351 | Via Chiese 6, MIlan, Italy, 20126 | https://www.prysmiangroup.com |
| Molex | View profile | 11-50 | Hankamer, Texas, United States, North America | https://www.molexcompany.com |
| OFS Capital Corp | View profile | 51 | 10 South Wacker Drive, Suite 2500, Chicago, IL, United States, 60606 | https://www.ofscapital.com |
| Optical Cable Corp | View profile | 327 | 5290 Concourse Drive, Roanoke, VA, United States, 24019 | https://www.occfiber.com |
| Sterlite Technologies Ltd DR | View profile | 5672 | Koregaon Road 9, STS 12/1, 4th Floor, Godrej Millennium, Pune, MH, India, 411 001 | https://www.stl.tech |
| Corning Inc | View profile | 49800 | One Riverfront Plaza, Corning, NY, United States, 14831 | https://www.corning.com |
| Furukawa Electric Co Ltd | View profile | 51314 | Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, Japan, 100-8322 | http://www.furukawa.co.jp |
Global plastic optical fiber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plastic optical fiber market will help companies and investors design strategic landscapes.
Telecom was the largest segment with a revenue share of 41.38% in 2023. Horizon Databook has segmented the Global plastic optical fiber market based on telecom, oil & gas, military & aerospace, bfsi, medical, railway covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Plastic Optical Fiber Application Outlook (Revenue, USD Billion, 2018-2030)
- Telecom
- Oil & Gas
- Medical
- Military & Aerospace
- BFSI
- Railway
- Others
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Target buyers of Global plastic optical fiber market databook
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Our clientele includes a mix of plastic optical fiber market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global plastic optical fiber market , including forecasts for subscribers. This global databook contains high-level insights into Global plastic optical fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global plastic optical fiber market size, by region, 2018-2030 (US$B)
Top 10 countries: Plastic optical fiber market size, 2023 (US$B)
Global plastic optical fiber market share, by application, 2023 & 2030 (%, US$B)
Plastic optical fiber market: Opportunity assessment by country
Global plastic optical fiber market, by region, 2023 (US$B)
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