Global Fiber Optic Components Market to Reach $32.5 Billion

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The global market for Fiber Optic Components was estimated at US$19.8 Billion in the year 2020

Led by countries such as Australia, India, and South Korea, the Fibre Optics amplifiers segment market in Asia-Pacific is forecast to reach US$666.1 Million by the year 2026. Fiber optic amplifiers are devices that are used to boost the power of optical signals, thereby extending the distance they can travel over the fiber before regeneration of the signal is required.

In the global amplifiers segment, USA, Canada, Japan, China and Europe will drive the 6.8 per cent CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

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Amid the COVID-19 crisis, the global market for Fiber Optic Components was estimated at US$19.8 Billion in the year 2020. It, as per a report by Global Industry Analysts, is projected to reach a revised size of US$32.5 Billion by 2026, growing at a CAGR of 8.2 per cent over the analysis period.

Transmitters / Receivers, one of the segments analyzed in the report, is projected to grow at a 8.6 per cent CAGR to reach US$15.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Connectors segment is readjusted to a revised nine per cent CAGR for the next 7-year period. This segment currently accounts for a 25.2 per cent share of the global Fiber Optic Components market.

The Fiber Optic Components market in the U.S. is estimated at US$4.4 Billion in the year 2021. The country currently accounts for a 20.3 per cent share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$8.5 Billion in the year 2026 trailing a CAGR of 9.9 per cent through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4 per cent and 7.1 per cent respectively over the analysis period.

Within Europe, Germany is forecast to grow at approximately 6.9 per cent CAGR while Rest of European market (as defined in the study) will reach US$9.2 Billion by the close of the analysis period.

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