Global Fiber Optic Components Market 2018-2023 - Expected to Reach $27.6 Billion by 2023 with APAC Dominating

DUBLIN, Feb. 19, 2018 /PRNewswire/ --

The "Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate (10G, 40G, 100G, above 100G), Application (Communications, Distributed Sensing) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The fiber optic components market is expected to grow from USD 17.15 billion in 2018 to USD 27.60 billion by 2023, at a CAGR of 10% during 2018-2023.

Key factors driving the growth of the fiber optic components market are the development strategies such as agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions implemented by the players in the fiber optic components market, increasing deployment of data centers, and growing internet penetration and data traffic. However, major restraining factors for the growth of this market are that fiber optic components are prone to physical damage, and transmission loss.

The increasing internet penetration and data traffic are leading to the rapid growth of data centers, along with the need for high-speed transmission networks. Transceivers are used to upgrade telecommunications network and launch mega data centers. Hence, the transceivers market is expected to hold the largest share by 2023.

The increasing demand for high bandwidth from telecommunication, virtualization, cloud, and big data can be addressed by fiber optic components. The cloud technology has developed rapidly since the inception of big data. Fiber optic components are used to meet the demand for higher bandwidth and applications in a variety of high-speed connecting environments. As a result, fiber optic components have a huge demand from communications application. Owing to this, the communications application expected to hold the largest share of the overall fiber optic components market in 2018.

The overall fiber optic components market in APAC is expected to hold the largest share in 2018. This is because APAC is the largest producer and consumer of smartphones, laptops, TVs, and various other data-generating devices. This leads to a high demand for the Internet in the region, and the trend is expected to continue during the forecast period.

Finisar (US), Lumentum (US), Broadcom (US), Sumitomo Electric (Japan), and Accelink Technologies (China), Acacia Communications (US), EMCORE (US), Fujitsu Optical Components (Japan), Furukawa Electric (Japan), II-VI (US), NeoPhotonics (US), Oclaro (US), O-Net Technologies (China), Reflex Photonics (Canada), Source Photonics (US), Fiber Mountain (US), Kaiam (US), MWTechnologies (Portugal), Nokoxin Technology (China), and Optienz Sensors (US) are the key players in the fiber optic components market.

Market Dynamics

Drivers

• Increasing Deployment of Data Centers
• Growing Internet Penetration and Data Traffic
• Rising Demand for Bandwidth and Reliability

Restraints

• Prone to Physical Damage and Transmission Loss

Opportunities

• Increasing Adoption in the Digital Signage Market
• Deployment of VOIP, LTE, and 5G Networks

Challenges

• Threat to Optical Network Security

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Fiber Optic Components Market, by Type

7 Fiber Optic Components Market, by Data Rate

8 Fiber Optic Components Market, by Application

9 Fiber Optic Components Market, by Geography

10 Competitive Landscape

11 Company Profiles

• Acacia Communications
• Accelink Technologies
• Broadcom
• Emcore
• Fiber Mountain
• Finisar
• Fujitsu Optical Components
• Furukawa Electric
• II-VI
• Kaiam
• Lumentum
• Mwtechnologies
• Neophotonics
• Nokoxin Technology
• O-Net Technologies
• Oclaro
• Optienz Sensors
• Reflex Photonics
• Source Photonics
• Sumitomo Electric

For more information about this report visit https://www.researchandmarkets.com/research/b5cdfp/global_fiber?w=5

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SOURCE Research and Markets