Fiber Optics Market Size, Share & Trends Report

Fiber Optics Market Size, Share & Trends Analysis Report By Type (Single Mode, Multi-mode, Plastic Optical Fiber (POF)), By Application (Telecom, Medical, Oil & Gas), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-860-2
  • Number of Pages: 100
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the fiber optics market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for fiber optics market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of fiber optics market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Fiber Optics Market Categorization:

The fiber optics market was categorized into three segments, namely type (Single mode, Multi-mode, Plastic Optical Fiber), application (Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Railway), and regions (North America, Europe, Asia Pacific, South America, Middle East & Africa).

Segment Market Methodology:

The fiber optics market was segmented into type, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The fiber optics market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into ten countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; China; India; Japan; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Fiber optics market companies & financials:

The fiber optics market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • AFL - AFL, an American company, is a major player in the global fiber optics market. It is involved in the manufacturing of fiber-optic products and cables, and is one of the leading providers of fiber-optic solutions, products, and services across the industry. The company's major markets include energy, enterprises, service providers, and industrial markets, and its products are used in more than 130 countries worldwide. AFL specializes in the production and installation of a wide range of optical-fiber products such as hardware and cables, transmission & substation assemblies, fiber outside/inside plant equipment, connectors, fusion splicers, and testing & maintenance equipment. The company was initially established as a joint venture between Aluminum Company of America (ALCOA) and Fujikura Ltd., Japan, and later became a wholly owned subsidiary of Fujikura Ltd. The company has its corporate headquarters located in Duncan, South Carolina, U.S., and operates in locations including the U.S., Europe, and Asia Pacific with its sales & services segment spread across the world.

  • Birla Furukawa Fiber Optics Limited - Birla Furukawa Fiber Optics Private Limited, a joint venture between Furukawa Electric Co., Ltd. (Japan) and Universal Cables Limited (India), is a major player in the production of high-quality, high-performance optical fibers and optical-fiber cables for the telecommunication and data communication sectors. The company specializes in the production of single-mode and multimode optical fibers, offering quality, reliability, and high standard mechanical and geometrical performances in optical communication. It is a subsidiary of M.P. Birla Group, India, and has its primary manufacturing plant in Goa, India, with offices located across various cities in India.

  • Corning Incorporated - Corning Incorporated, a U.S.-based multinational company, is a leading innovator in material sciences, specializing in glass, ceramics, optical physics, and related products. The company operates in five main business segments: display technologies, environmental technologies, optical communications, life sciences, and specialty materials. Its optical communication segment is a prominent producer and provider of optical fibers, optical components, optical equipment, and optical solutions across the communications industry. The segment is further divided into two business divisions: Carrier network and enterprise network. Corning's fiber optics product offerings include a variety of optical communication products such as cabinets, cables, connectors & adapters, optical fibers, plant splice closures, and preconnectorised assemblies. The company was established over 150 years ago and is headquartered in the U.S. Its research centers are located across North America, Asia, and Europe. 

  • Finolex Cables Limited - Finolex Cables Limited is a subsidiary of the Finolex Group, India, and is one of the major cable manufacturers in India. The company produces electrical cables, electric equipment, and telecommunication cables. It began its industrial unit in 1958 with the production of PVC insulated cables for the automobile sector. The company has a variety of product offerings such as electric wires & cables, switches, copper rods, PVC pipes & fittings, chemicals, LED lightings, and optical fibers and fiber-optic cables. Its range of fiber optics includes products such as FinOptic LWPF, FinOptic LBLF, and FinOptic NZDSF optical fiber cables. The company is headquartered in Pune, India, and has its manufacturing plants in Maharashtra, Goa, and Uttarakhand states of India. It has an employee strength of over 3,177 people (as of 2022) across its offices and production facilities.

  • Molex, LLC - Molex, LLC, a subsidiary of Koch Industries, Inc., is a globally renowned provider of electronic solutions in various industries, including data communications, automotive, consumer electronics, industrial, commercial vehicles, and medical. The company manufactures electrical and fiber optic interconnections systems, ribbon cables, application tooling, and switches. Molex operates through two reportable business segments: Connector and Custom & Electrical. In September 2013, Molex, LLC, announced that it had entered into a definitive deal to be acquired by Koch Industries, Inc., an American privately held multinational conglomerate corporation. Through 41 plants in 19 countries, the company manufactures more than 40,000 products with solid and well-established sales, product development, and manufacturing resources in Europe, Asia, and the Americas.

  • Optical Cable Corporation (OCC) - Optical Cable Corporation (OCC) is a U.S.-based company that has been a pioneer in the design and production of fiber optic cable for over 30 years. The company is a leading developer of a complete line of top-tier cabling and connectivity solutions, along with related products that are applicable across various industries. OCC is the premier manufacturer of ground tactical fiber optic cable for the U.S. military and its allies. The company is recognized as one of the leading developers of a complete line of top-tier cabling and connectivity solutions, along with the related products that are applicable across various industries. It was founded in 1983 and is headquartered in the U.S. It has a vast distributor and customer base, spread across 70 countries and its major manufacturing unit is located in North Carolina, U.S.

  • OFS Fitel, LLC - OFS Fitel, LLC, a subsidiary of Furukawa Electric Co., Ltd., is a leading American company that specializes in the design and manufacture of fiber optic cables, optical fiber, FTTX, connectivity, and specialty photonics solutions. The company was founded in 2001 and is headquartered in Norcross, Georgia. OFS Fitel, LLC is a global provider of optical fiber solutions, with facilities in China, Denmark, Germany, the Russian Federation, as well as in several U.S. cities including Connecticut, Georgia, Massachusetts, and New Jersey. The company is a subsidiary of Furukawa Electric Co., Ltd., and provides optical fiber solutions for various industries, including government, aerospace, medical, industrial networking, telecommunications, and defense. Its primary products include optical fibers, optical connectivity products, fiber laser components, fusion splicers, and professional services. OFS Fitel, LLC serves municipalities, home developers, network operators, and service providers.

  • Prysmian Group - Prysmian Group is an Italian conglomerate company that produces energy and telecom cables. It is a leading manufacturer of high-quality, high-tech cables and cable systems for the energy and telecommunication sectors. The company operates in three primary business segments: the energy segment, the projects segment, and the telecom segment. Its telecom business segment produces connectivity products and cabling systems used in TLC networks. The company has a global presence in over 50 countries, with over 80 manufacturing plants and 17 R&D centers. On the other hand, OFS Fitel, LLC is an American company that manufactures and provides fiber optic cables, optical fiber, FTTX, connectivity, and specialty photonics solutions related to the optical fiber telecommunication. 

  • Sterlite Technologies Limited - Sterlite Technologies Limited, formerly known as Sterlite Tech, is an Indian-based company that specializes in optical and digital technology. The company is listed on the Bombay Stock Exchange and the National Stock Exchange of India. It has a global presence in over 150 countries and is active in optical networking, which consists of optical fiber and cables, hyper-scale network design and deployment, and network software. Sterlite Technologies Limited was founded as Sterlite Telecom Systems in March 2000, primarily engaged in the production of telecommunication cables. The company has 636 patents and is active in over 150 countries. It is specialized in optical networking which consists of optical fiber and cables, hyper-scale network design, and deployment and network software. 

  • Yangtze Optical Fibre and Cable Joint Stock Limited Company - Yangtze Optical Fibre and Cable Joint Stock Limited Company, also known as YOFC, is a prominent designer, developer, and supplier of optical fibers and optical-fiber cables for the communication sector. The company caters to various industrial sectors, including communications, utilities, petrochemical, transport, and healthcare. YOFC conducts its business through two segments: the optical fiber cables segment, which is engaged in manufacturing optical fiber cables, and the optical fibers and optical fiber preforms segment, which is engaged in manufacturing optical fibers and optical fiber performs. The company is also involved in the production and sales of premises distributed systems through its subsidiaries. YOFC specializes in communication cables, specialty fibers, integrated cabling, communication optical fibers, and feeder cables. The significant products offered by the company include single-mode and multimode fibers, active optical cables, downsized cables, microduct cables, and fiber Bragg gratings. YOFC provides its products and services to over 70 countries and regions worldwide.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Fiber Optics Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Fiber Optics Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation



This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.



We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon