Middle East & Africa Single Mode Fiber Optics Market Size & Outlook
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MEA single mode fiber optics market highlights
- The MEA single mode fiber optics market generated a revenue of USD 414.5 billion in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, telecom was the largest revenue generating application in 2023.
- Military & Aerospace is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 414.5 billion |
| Market revenue in 2030 | USD 689.6 billion |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Telecom |
| Fastest growing segment | Military & Aerospace |
| 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 |
| Key market players worldwide | Furukawa Electric Co Ltd, Corning Inc, Molex, OFS, Optical Cable Corp, Prysmian SpA, Sterlite Technologies Ltd DR |
Other key industry trends
- In terms of revenue, MEA region accounted for 12.1% of the global single mode fiber optics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,740.3 billion by 2030.
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Single Mode Fiber Optics Market Scope
Single Mode Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 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 |
| 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 |
| OFS | View profile | 1001-5000 | Huntingburg, Indiana, United States, North America | https://ofs.com |
| 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 |
Middle East & Africa single mode fiber optics 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 single mode fiber optics market will help companies and investors design strategic landscapes.
Telecom was the largest segment with a revenue share of 41.91% in 2023. Horizon Databook has segmented the Middle East & Africa single mode fiber optics market based on telecom, oil & gas, military & aerospace, bfsi, medical, railway covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Single Mode Fiber Optics Application Outlook (Revenue, USD Billion, 2018-2030)
- Oil & Gas
- Telecom
- BFSI
- Medical
- Railway
- Military & Aerospace
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa single mode fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa single mode fiber optics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Single Mode Fiber Optics Market Outlook Share, 2023 & 2030 (US$B)
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