Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 24.17 Billion

CAGR (2023-2028)

9.34%

Fastest Growing Segment

Transceivers

Largest Market

North America


Market Overview

The projected market size for the global fiber optic components market is expected to reach USD 24.17 billion by the end of 2022, with a compound annual growth rate (CAGR) of 9.34% during the forecast period. The global fiber optic components market is a crucial and dynamic sector within the telecommunications and data transmission industry. Characterized by components like connectors, transceivers, amplifiers, and couplers, this market facilitates efficient and high-speed data transmission through optical fibers. Key drivers include the escalating demand for high-speed communication and bandwidth, driven by technologies like 5G and IoT. The shift towards fiber-to-the-home (FTTH) installations further propels market growth as governments and service providers invest in enhanced broadband infrastructure. However, challenges include deployment costs and competition from wireless technologies. Amidst these dynamics, the fiber optic components market continues to play an integral role in reshaping modern communication by offering faster, reliable, and efficient data transmission capabilities.

Key Market Drivers

Surge in Data Consumption and Bandwidth Demand

The global fiber optic components market is driven by an unprecedented surge in data consumption and the insatiable demand for increased bandwidth. In the digital age, where data is generated, transmitted, and consumed at an exponential rate, traditional communication systems are facing limitations. Fiber optic components offer a solution to this challenge by enabling high-speed data transmission over long distances with minimal signal loss. The rapid growth of data-intensive applications such as video streaming, cloud computing, and the Internet of Things (IoT) necessitates infrastructure that can handle massive data volumes. Fiber optics provide the necessary bandwidth to accommodate these demands, making them a critical driver in the telecommunications and networking landscape.

Evolution Toward 5G Networks

The evolution of telecommunications toward 5G networks serves as a significant driver for the global fiber optic components market. 5G technology promises not only faster mobile connectivity but also ultra-low latency and higher reliability, enabling the seamless functioning of mission-critical applications. Fiber optic components form the backbone of 5G infrastructure, ensuring efficient data transfer at the speeds and capacity required by this transformative technology. As 5G networks are being deployed globally to support smart cities, autonomous vehicles, and industrial automation, the demand for fiber optic components to meet the network's stringent requirements is on the rise, propelling the market's growth.

Proliferation of Cloud Computing

The proliferation of cloud computing is a significant catalyst driving the demand for fiber optic components. Cloud computing relies on data centers to store and process vast amounts of information, necessitating rapid and reliable data transmission between users and these centralized facilities. Fiber optic components, with their high-speed capabilities and minimal signal attenuation, are an optimal choice to ensure seamless connectivity between end-users and cloud data centers. As businesses and consumers increasingly rely on cloud-based applications and services, the market for fiber optic components experiences heightened demand to enable efficient data transfer and support the growing cloud ecosystem.

Fiber-to-the-Home (FTTH) Deployments

The global push toward Fiber-to-the-Home (FTTH) installations emerges as a robust driver propelling the fiber optic components market. Governments and telecommunications service providers worldwide are investing heavily in upgrading infrastructure to bring high-speed broadband directly to homes and businesses. FTTH installations deliver unparalleled data speeds and reliability, meeting the connectivity demands of modern households and businesses. As the adoption of FTTH expands, the demand for fiber optic cables, connectors, and transceivers intensifies, driving market growth. FTTH not only enhances internet access but also catalyzes the use of advanced applications like smart home devices, telemedicine, and remote education, underlining its impact on the global fiber optic components market.


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Key Market Challenges

Technological Advancements and Complexity

One of the significant challenges facing the global fiber optic components market is the relentless pace of technological advancements and the associated complexities they introduce. As fiber optic technology evolves, components must keep up with increasing data rates, higher bandwidth demands, and the need for lower latency. While these advancements are crucial for meeting the requirements of applications like 5G, IoT, and cloud computing, they also introduce challenges related to component design, manufacturing, and compatibility. Manufacturers must invest in research and development to create components that can handle the demands of cutting-edge technologies. Moreover, the complexity of new components can pose integration challenges, particularly when different generations of technology need to coexist within a network. This challenge requires manufacturers to strike a delicate balance between innovation and compatibility, ensuring that new components work seamlessly with existing infrastructure.

Intense Competition and Price Pressures

Intense competition and price pressures represent another notable challenge in the global fiber optic components market. The increasing demand for high-speed communication, coupled with the expansion of applications like 5G and data centers, has attracted a multitude of players to the market. While this competition fosters innovation and leads to a diverse range of offerings, it also creates pressure on pricing. As more manufacturers enter the market, the supply of components expands, potentially leading to price erosion and reduced profit margins. Price sensitivity in the telecommunications and networking industries, where cost optimization is a crucial consideration, further exacerbates this challenge. Manufacturers must navigate the delicate balance between maintaining competitive prices and ensuring that their components deliver the required quality and performance. The challenge of staying competitive while safeguarding profitability underscores the need for differentiation through product features, reliability, and value-added services.

Key Market Trends

Increased Deployment of 5G Networks

One of the prominent trends shaping the global fiber optic components market is the increased deployment of 5G networks. As the world transitions to the era of 5G connectivity, fiber optic components are playing a pivotal role in supporting the data-intensive demands of this technology. 5G networks require not only higher data speeds but also reduced latency and enhanced reliability to support applications like autonomous vehicles, remote surgery, and industrial automation. Fiber optic components, known for their ability to transmit data at the speed of light with minimal signal loss, are fundamental in meeting these requirements. The trend is driving the demand for components such as high-capacity optical transceivers, fiber cables, and connectors to build the infrastructure required for robust 5G networks. As telecom operators and technology providers race to deploy 5G across regions, the fiber optic components market is witnessing significant growth due to its indispensable role in shaping the future of connectivity.

Rapid Expansion of Data Centers

The rapid expansion of data centers is another crucial trend influencing the global fiber optic components market. With the exponential growth of digital data and the adoption of cloud computing, data centers are becoming the backbone of modern technology infrastructure. Data centers rely on fiber optic components to ensure high-speed, low-latency connections between servers and users. As businesses seek to harness the power of big data, artificial intelligence, and IoT, the demand for data centers is soaring. This trend is fueling the need for fiber optic components that enable efficient data transmission within and between data centers. Components like optical transceivers, switches, and connectors are vital in supporting the interconnectivity required for seamless data flow. The trend aligns with the increasing significance of edge computing, where localized data processing is achieved through networks of interconnected data centers, further driving the demand for fiber optic components.

Evolution of Remote Work and Telecommuting

The evolution of remote work and telecommuting is emerging as a transformative trend with implications for the global fiber optic components market. The paradigm shift in work dynamics, triggered by the COVID-19 pandemic, has accelerated the adoption of remote work and virtual collaboration tools. This trend necessitates robust internet connectivity and reliable data transmission to ensure seamless communication and productivity. Fiber optic components are instrumental in providing the high-speed connections required for remote work setups. From video conferencing and cloud-based applications to accessing corporate networks, these components enable efficient data transfer, enhancing the remote work experience. As organizations increasingly adopt hybrid work models that combine office and remote work, the demand for fiber optic components to support remote connectivity continues to grow. This trend underscores the vital role of fiber optic components in facilitating the digital transformation of work environments and shaping the future of how businesses operate globally.

Segmental Insights

Data Rate Insights

Based on data rate, the 41Gbps to 100Gbps segment emerges as the predominant segment, exhibiting unwavering dominance projected throughout the forecast period. With the rapid proliferation of data-intensive applications, such as video streaming, cloud computing, and 5G connectivity, the need for data rates within the 41Gbps to 100Gbps range becomes paramount. This segment encompasses solutions that strike a balance between performance and scalability, addressing the requirements of modern communication networks and data centers. As industries rely on seamless and swift data transmission to support their operations, the 41Gbps to 100Gbps segment stands firm as the driver of the market's trajectory, ensuring that global data networks can efficiently handle the ever-increasing data volumes.

Application Insights

Based on application, the communications segment emerges as a formidable frontrunner, exerting its dominance and shaping the market's trajectory throughout the forecast period. As the backbone of modern communication networks, fiber optic components play a critical role in enabling seamless connectivity across global data centers, telecommunications infrastructure, and internet connectivity. With technologies like 5G and cloud computing driving the need for increased bandwidth and low latency, the communications sector relies heavily on fiber optic components to ensure efficient data transmission. This segment's dominance underscores its vital contribution to shaping the market's trajectory, as it continually strives to meet the ever-growing demand for advanced communication solutions that connect individuals, businesses, and industries worldwide.


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Regional Insights

North America indisputably emerges as a dominant and influential force in the global fiber optic components market, solidifying its preeminent position and underscoring its pivotal role in steering the trajectory of the industry. Renowned for its technological prowess, advanced infrastructure, and proactive adoption of cutting-edge innovations, North America holds a significant sway over the evolution of fiber optic technologies. Its robust ecosystem of industry leaders, research institutions, and technology hubs places it at the forefront of developing and implementing fiber optic solutions that cater to the escalating demands of high-speed data transmission, 5G connectivity, and cloud computing. With its consistent contributions to regulatory frameworks, industry standards, and strategic collaborations, North America leaves an indelible mark on the global fiber optic components market, influencing the direction of technological advancements and shaping the interconnected future of communications.

Recent Developments

  • In November 2022, Groupe Gorgé, a prominent industrial group, successfully completed its acquisition of iXblue, a leading provider of innovative navigation, positioning, and imaging solutions. This strategic move was followed by the integration of iXblue into one of Groupe Gorgé's subsidiaries, further amplifying the group's capabilities in the realm of advanced technologies. The acquisition and subsequent merger highlight Groupe Gorgé's commitment to expanding its portfolio and strengthening its foothold in industries where precision, navigation, and high-performance solutions are essential. The merger enables Groupe Gorgé to leverage iXblue's expertise in cutting-edge technologies such as underwater acoustics, photonics, and inertial navigation systems.
  • In January 2023, the merged telecommunications companies are considering the expansion of their Gaylord office, indicating a strategic move that aligns with their growth and optimization strategies. The decision to expand the office comes on the heels of the merger, which likely aims to leverage synergies and streamline operations. The move highlights the companies' intent to enhance their capabilities, accommodate increased demand, and potentially tap into new market opportunities. Expanding the Gaylord office signifies the companies' commitment to creating a stronger presence in the telecommunications landscape, potentially enabling them to offer a wider range of services and solutions to their customer base.

Key Market Players

  • Lumentum Operations LLC
  • Broadcom Corporation
  • Sumitomo Electric Industries Ltd
  • Coherent Corporation
  • Accelink Technologies Corporation
  • Oclaro Inc.
  • Acacia Communications, Inc.
  • EMCORE Corporation
  • Fiber Mountain, Inc.
  • Fujitsu Optical Components Limited

By Type

By Data Rate

By Application

By Region

  • Cables
  • Splitters
  • Active Optical Cables
  • Transceivers
  • Amplifiers
  • Circulators
  • Connectors
  • Others
  • Less Than 10Gbps
  • 10Gbps to 40Gbps
  • 41Gbps to 100Gbps
  • More Than 100Gbps
  • Distributed Sensing
  • Analytical & Medical Equipment
  • Lighting
  • Communications
  • Others
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

Report Scope:

In this report, the global fiber optic components market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Fiber Optic Components Market, By Type:

o   Cables

o   Splitters

o   Active Optical Cables

o   Transceivers

o   Amplifiers

o   Circulators

o   Connectors

o   Others

  • Global Fiber Optic Components Market, By Data Rate:

o   Less Than 10Gbps

o   10Gbps to 40Gbps

o   41Gbps to 100Gbps

o   More Than 100Gbps

  • Global Fiber Optic Components Market, By Application:

o   Distributed Sensing

o   Analytical & Medical Equipment

o   Lighting

o   Communications

o   Others

  • Global Fiber Optic Components Market, By Region:

o   North America

o   Europe

o   South America

o   Middle East & Africa

o   Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Fiber Optic Components Market.

Available Customizations:

Global Fiber Optic Components market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Fiber Optic Components Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.  Markets Covered

1.2.2.  Years Considered for Study

1.2.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Fiber Optic Components Market

5.    Voice of Customer

6.    Global Fiber Optic Components Market Overview

7.    Global Fiber Optic Components Market Outlook

7.1.  Market Size & Forecast

7.1.1.       By Value

7.2.  Market Share & Forecast

7.2.1.      By Type (Cables, Splitters, Active Optical Cables, Transceivers, Amplifiers, Circulators, Connectors, Others)

7.2.2.      By Data Rate (Less Than 10Gbps, 10Gbps To 40Gbps, 41Gbps To 100Gbps, More Than 100Gbps)

7.2.3.      By Application (Distributed Sensing, Analytical & Medical Equipment, Lighting, Communications, Others)

7.2.4.      By Region

7.3.  By Company (2022)

7.4.  Market Map

8.    North America Fiber Optic Components Market Outlook

8.1.  Market Size & Forecast

8.1.1.       By Value

8.2.  Market Share & Forecast

8.2.1.      By Type

8.2.2.      By Data Rate

8.2.3.      By Application

8.2.4.      By Country

8.3.    North America: Country Analysis

8.3.1.      United States Fiber Optic Components Market Outlook

8.3.1.1.  Market Size & Forecast

8.3.1.1.1.  By Value 

8.3.1.2.  Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Data Rate

8.3.1.2.3. By Application

8.3.2.      Canada Fiber Optic Components Market Outlook

8.3.2.1.  Market Size & Forecast

8.3.2.1.1.  By Value 

8.3.2.2.  Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Data Rate

8.3.2.2.3. By Application

8.3.3.      Mexico Fiber Optic Components Market Outlook

8.3.3.1.  Market Size & Forecast

8.3.3.1.1.  By Value 

8.3.3.2.  Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Data Rate

8.3.3.2.3. By Application

9.    Europe Fiber Optic Components Market Outlook

9.1.  Market Size & Forecast

9.1.1.       By Value

9.2.  Market Share & Forecast

9.2.1.      By Type

9.2.2.      By Data Rate

9.2.3.      By Application

9.2.4.      By Country

9.3.    Europe: Country Analysis

9.3.1.      Germany Fiber Optic Components Market Outlook

9.3.1.1.  Market Size & Forecast

9.3.1.1.1.  By Value 

9.3.1.2.  Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Data Rate

9.3.1.2.3. By Application

9.3.2.        United Kingdom Fiber Optic Components Market Outlook

9.3.2.1.  Market Size & Forecast

9.3.2.1.1.  By Value 

9.3.2.2.  Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Data Rate

9.3.2.2.3. By Application

9.3.3.      France Fiber Optic Components Market Outlook

9.3.3.1.  Market Size & Forecast

9.3.3.1.1.  By Value 

9.3.3.2.  Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Data Rate

9.3.3.2.3. By Application

9.3.4.      Spain Fiber Optic Components Market Outlook

9.3.4.1.  Market Size & Forecast

9.3.4.1.1.  By Value 

9.3.4.2.  Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Data Rate

9.3.4.2.3. By Application

9.3.5.      Italy Fiber Optic Components Market Outlook

9.3.5.1.  Market Size & Forecast

9.3.5.1.1.  By Value 

9.3.5.2.  Market Share & Forecast

9.3.5.2.1. By Type

9.3.5.2.2. By Data Rate

9.3.5.2.3. By Application

10. South America Fiber Optic Components Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value

10.2.   Market Share & Forecast

10.2.1.    By Type

10.2.2.    By Data Rate

10.2.3.    By Application

10.2.4.    By Country

10.3. South America: Country Analysis

10.3.1.    Brazil Fiber Optic Components Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1.   By Value 

10.3.1.2. Market Share & Forecast

10.3.1.2.1.   By Type

10.3.1.2.2.   By Data Rate

10.3.1.2.3.   By Application

10.3.2.     Argentina Fiber Optic Components Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1.   By Value 

10.3.2.2. Market Share & Forecast

10.3.2.2.1.   By Type

10.3.2.2.2.   By Data Rate

10.3.2.2.3.   By Application

10.3.3.    Colombia Fiber Optic Components Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1.   By Value 

10.3.3.2. Market Share & Forecast

10.3.3.2.1.   By Type

10.3.3.2.2.   By Data Rate

10.3.3.2.3.   By Application

11. Middle East & Africa Fiber Optic Components Market Outlook

11.1.   Market Size & Forecast

11.1.1.    By Value

11.2.   Market Share & Forecast

11.2.1.    By Type

11.2.2.    By Data Rate

11.2.3.    By Application

11.2.4.    By Country

11.3. Middle East & America: Country Analysis

11.3.1.    Israel Fiber Optic Components Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value 

11.3.1.2. Market Share & Forecast

11.3.1.2.1.   By Type

11.3.1.2.2.   By Data Rate

11.3.1.2.3.   By Application

11.3.2.     Qatar Fiber Optic Components Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value 

11.3.2.2. Market Share & Forecast

11.3.2.2.1.   By Type

11.3.2.2.2.   By Data Rate

11.3.2.2.3.   By Application

11.3.3.    UAE Fiber Optic Components Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value 

11.3.3.2. Market Share & Forecast

11.3.3.2.1.   By Type

11.3.3.2.2.   By Data Rate

11.3.3.2.3.   By Application

11.3.4.    Saudi Arabia Fiber Optic Components Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value 

11.3.4.2. Market Share & Forecast

11.3.4.2.1.   By Type

11.3.4.2.2.   By Data Rate

11.3.4.2.3.   By Application

12. Asia Pacific Fiber Optic Components Market Outlook

12.1.   Market Size & Forecast

12.1.1.    By Value

12.2.   Market Share & Forecast

12.2.1.    By Type

12.2.2.    By Data Rate

12.2.3.    By Application

12.2.4.    By Country

12.3. Asia Pacific: Country Analysis

12.3.1.    China Fiber Optic Components Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1.   By Value 

12.3.1.2. Market Share & Forecast

12.3.1.2.1.   By Type

12.3.1.2.2.   By Data Rate

12.3.1.2.3.   By Application

12.3.2.     Japan Fiber Optic Components Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1.   By Value 

12.3.2.2. Market Share & Forecast

12.3.2.2.1.   By Type

12.3.2.2.2.   By Data Rate

12.3.2.2.3.   By Application

12.3.3.    South Korea Fiber Optic Components Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1.   By Value 

12.3.3.2. Market Share & Forecast

12.3.3.2.1.   By Type

12.3.3.2.2.   By Data Rate

12.3.3.2.3.   By Application

12.3.4.    India Fiber Optic Components Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1.   By Value 

12.3.4.2. Market Share & Forecast

12.3.4.2.1.   By Type

12.3.4.2.2.   By Data Rate

12.3.4.2.3.   By Application

12.3.5.    Australia Fiber Optic Components Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1.   By Value 

12.3.5.2. Market Share & Forecast

12.3.5.2.1.   By Type

12.3.5.2.2.   By Data Rate

12.3.5.2.3.   By Application

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Lumentum Operations LLC

15.1.1. Business Overview

15.1.2. Key Financials & Revenue

15.1.3. Key Contact Person

15.1.4. Headquarters Address

15.1.5. Key Product/Service Offered

15.2.   Broadcom Corporation

15.2.1. Business Overview

15.2.2. Key Financials & Revenue

15.2.3. Key Contact Person

15.2.4. Headquarters Address

15.2.5. Key Product/Service Offered

15.3.   Sumitomo Electric Industries Ltd

15.3.1. Business Overview

15.3.2. Key Financials & Revenue

15.3.3. Key Contact Person

15.3.4. Headquarters Address

15.3.5. Key Product/Service Offered

15.4.   Coherent Corporation

15.4.1. Business Overview

15.4.2. Key Financials & Revenue

15.4.3. Key Contact Person

15.4.4. Headquarters Address

15.4.5. Key Product/Service Offered

15.5.   Accelink Technologies Corporation

15.5.1. Business Overview

15.5.2. Key Financials & Revenue

15.5.3. Key Contact Person

15.5.4. Headquarters Address

15.5.5. Key Product/Service Offered

15.6.   Oclaro Inc.

15.6.1. Business Overview

15.6.2. Key Financials & Revenue

15.6.3. Key Contact Person

15.6.4. Headquarters Address

15.6.5. Key Product/Service Offered

15.7.   Acacia Communications, Inc.

15.7.1. Business Overview

15.7.2. Key Financials & Revenue

15.7.3. Key Contact Person

15.7.4. Headquarters Address

15.7.5. Key Product/Service Offered

15.8.   EMCORE Corporation

15.8.1. Business Overview

15.8.2. Key Financials & Revenue

15.8.3. Key Contact Person

15.8.4. Headquarters Address

15.8.5. Key Product/Service Offered

15.9.   Fiber Mountain, Inc

15.9.1. Business Overview

15.9.2. Key Financials & Revenue

15.9.3. Key Contact Person

15.9.4. Headquarters Address

15.9.5. Key Product/Service Offered

15.10.Fujitsu Optical Components Limited

15.10.1.  Business Overview

15.10.2.  Key Financials & Revenue

15.10.3.  Key Contact Person

15.10.4.  Headquarters Address

15.10.5.  Key Product/Service Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global fiber optic components market was estimated to be USD 24.17 Billion in 2022.

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In 2022, transceivers were the dominant segment by type in the global fiber optic components market. Serving both as transmitters and receivers, transceivers enable bidirectional data transmission over optical fibers, making them indispensable in applications like telecommunications and data centers. With the ever-growing demand for high-speed data transfer, especially driven by 5G and cloud technologies, transceivers address the need for efficient data handling. Offering advancements in data rates, compact form factors, and compatibility, the transceivers segment continues to shape the market's trajectory by bridging the gap between optical and electronic components, ensuring seamless global data communication.

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Key players in the market are Lumentum Operations LLC, Broadcom Corporation, Sumitomo Electric Industries Ltd, Coherent Corporation, Accelink Technologies Corporation, Oclaro Inc., Acacia Communications, Inc., EMCORE Corporation, Fiber Mountain, Inc, Fujitsu Optical Components Limited and others.

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Surge in data consumption and bandwidth demand and proliferation of cloud computing are the major drivers for the global fiber optic components market.

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Sakshi Bajaal

Business Consultant
Press Release

Fiber Optic Components Market to be Led by Proliferation of Cloud Computing across the Globe Through 2028

Nov, 2023

Surge in Data Consumption and Bandwidth Demand is driving the Implementation of Fiber Optic Components market across the Globe.