Global Fiber Optic Components Market 2017-2021

The below infographic includes key findings from our analysis of the fiber optic components market

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Overview of the global fiber optic components market

Market research analysts at Technavio have predicted that the fiber optic components market will register a CAGR of more than 10% by 2021. The rise in internet traffic is one of the primary factors that will drive the growth of this global market. Video streaming is one of the major reasons for the growing internet traffic. This increasing traffic will place a large burden on infrastructure as it will require demand the need to support the growing internet traffic which cannot be supported by copper cabling in the future. This will in turn lead to the shift towards the adoption of fiber optic cabling, which will subsequently increase the demand for fiber optic components.

The increasing growth of smart cities is one of the latest trends that will gain traction in the fiber optic components market in the coming years. A smart city is an urban development plan in which a city's infrastructure and is equipped with various information and communication technologies. Smart cities involve the adoption of smart grid technologies, use IT to improve traffic, and have an increased number of Wi-Fi points enabled, which will drive the need for fiber optic components.

Competitive landscape and key vendors

The fiber optic components market is highly competitive with the presence of many vendors that manufacture fiber optic components and support the deployment of fiber optics technology. The growing need for optic fiber components to support the deployment of fiber optics will intensify the level of competition among the market players. To meet the growing demand, the vendors have the need to continuously focus on innovations.

The leading vendors in the market are:

• Amphenol
• Corning
• Finisar
• Fujikura
• FURUKAWA ELECTRIC
• Sumitomo Electric Industries

The other prominent vendors in the market include Ciena, MOLEX, Newport, and OZ Optics.

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Segmentation by end-user and analysis of the fiber optic components market

• Data communication
• Telecommunication
• Enterprise

During 2016, the data communication segment accounted for the major shares of this market. With the increasing need for quick and efficient data transmission, data transmission security becomes a top priority. The optic cabling is the best option for such safe and secure data transmission requirements as copper cabling can easily be tapped, which can lead to security breaches and loss of confidential information.

Geographical segmentation and analysis of the fiber optic components market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. Telecommunication service providers in this region will need to meet the increasing Internet demand by deploying fiber optic cables. This will increase the demand for fiber optic components, which in turn, will drive the growth of the market for fiber optic components.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fiber optic components market?
• What are the key market trends impacting the growth of the global fiber optic components market?
• What are the challenges to market growth?
• Who are the key vendors in the global fiber optic components market?
• What are the market opportunities and threats faced by the vendors in the global fiber optic components market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global fiber optic components market?

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