At 10.2% CAGR, Asia Pacific Optical Fiber Market is Projected to be Worth US$ 8,295.43 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific optical fiber market was valued at US$ 3,803.97 million in 2022 and is expected to reach US$ 8,295.43 million by 2030, registering a CAGR of 10.2% from 2022 to 2030. Widespread implementation of 5G and expansion of telecommunication infrastructure are among the critical factor attributed to the Asia Pacific optical fiber market expansion.

5G is the fifth generation of telecommunication networks and is considered a breakthrough in communication technology. It offers several benefits, such as high bandwidth, enhanced mobile broadband, lower latency, and higher data rates. To support these capabilities, a robust and reliable infrastructure is required, and optical fiber is a key component of this infrastructure. Optical fiber is a thin, flexible, and transparent fiber made of silica or plastic that can transmit data using light signals. It provides high-speed and high-capacity data transmission, making it ideal for supporting the increased demands of 5G networks. Optical fiber offers several advantages over traditional copper cables, including higher bandwidth, longer transmission distances, and immunity to electromagnetic interference. The implementation of 5G technology requires a significant expansion of the existing network infrastructure. This includes the deployment of small cells and macro cells to ensure seamless coverage and capacity. Small cells are low-power base stations that are deployed in densely populated areas, while macro cells are larger base stations that cover larger areas. Both small cells and macro cells require high-speed and reliable backhaul connections, which can be efficiently provided by optical fiber. As optical fiber provides larger bandwidth for longer distances and at faster speeds, it is expected to play a crucial role in supporting the high number of connected devices in 5G networks. Also, as optical fiber provides wide-area coverage and supports the bandwidth requirements of 5G networks, its demand in the market is increasing. Moreover, Ericsson has projected that by the end of 2028, the number of 5G subscriptions is anticipated to surpass 4.6 billion, representing more than 50% of total mobile subscriptions. As a result, there is a growing need for substantial optical fiber deployments in backhaul networks worldwide.

On the contrary, high installation costs hurdles the growth of Asia Pacific optical fiber market.

Based on type, the Asia Pacific optical fiber market is bifurcated into step indexed optical fiber and graded indexed optical fiber. The graded indexed segment held 52.3% market share in 2022, amassing US$ 1,989.69 million. It is projected to garner US$ 4,524.47 million by 2030 to expand at 10.8% CAGR during 2022-2030.

In terms of mode, the Asia Pacific optical fiber market is bifurcated into single mode and multi-mode. The single mode segment held 74.4% share of Asia Pacific optical fiber market in 2022, amassing US$ 2,829.66 million. It is projected to garner US$ 6,370.97 million by 2030 to expand at 10.7% CAGR during 2022-2030.

By composition, the Asia Pacific optical fiber market is bifurcated into glass and plastic. The glass segment held 83.8% share of Asia Pacific optical fiber market in 2022, amassing US$ 3,187.21 million. It is projected to garner US$ 7,072.29 million by 2030 to expand at 10.5% CAGR during 2022-2030.

Based on end user, the Asia Pacific optical fiber market is segmented into telecom and networking, industrial automation, medical, defense, and others. The telecom and networking segment held 59.4% share of Asia Pacific optical fiber market in 2022, amassing US$ 2,260.50 million. It is projected to garner US$ 4,850.61 million by 2030 to expand at 10.0% CAGR during 2022-2030.

Based on country, the Asia Pacific optical fiber market has been categorized, into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 26.7% share of Asia Pacific optical fiber market in 2022. It was assessed at US$ 1,016.80 million in 2022 and is likely to hit US$ 2,382.14 million by 2030, exhibiting a CAGR of 11.2% during 2022-2030.

Key players operating in the Asia Pacific optical fiber market are Corning Inc, Prysmian Spa, Jiangsu Zhogtian Technology Co Ltd, Yangtze Optical Fiber and Cable Joint Stock Ltd, Fiberhome Telecommunication Technologies Co Ltd, CommScope Holding Co Inc, Nexans SA, Furukawa Electric Co Ltd, Sumitomo Electric Industries Ltd, and Coherent Corp, among others.

• In October 2023, CommScope has introduced its latest Extended Spectrum DOCSIS (ESD) STARLINE amplifier and NC4000 optical node platforms, which are designed to support DOCSIS 4.0 operation. These platforms can handle up to 1.8 GHz in the downstream and up to 684 MHz in the upstream. By leveraging CommScope's expertise in HFC network design and its widespread use of STARLINE amplifiers and NC4000 nodes, these solutions provide operators with a straightforward upgrade from their existing DOCSIS 3.1 network to ESD, as well as a clear pathway to future DOCSIS 4.0 operation. This can be achieved with minimal capital expenses and without service interruption.
  
  
  
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