Europe Optical Fiber Market Forecast to 2030
Europe Optical Fiber Market Forecast to 2030 – Regional Analysis – by Type (Step Indexed Optical Fiber and Graded Indexed Optical Fiber), Mode (Single Mode and Multi-Mode), Composition (Glass and Plastic), and End User (Telecom and Networking, Industrial Automation, Medical, Defense, and Others)
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Description
Widespread Implementation of 5G Drives Europe Optical Fiber Market
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.
Europe Optical Fiber Market Overview
The Europe optical fiber market is segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. The optical fiber market in Europe is witnessing rapid growth due to several factors such as the commercialization of high-speed networks, the increasing number of small and medium-sized businesses, and the rising demand for bandwidth and reliability across various industries. The market expansion is further driven by a rise in internet penetration, a surge in data traffic, and a rise in the implementation of the Internet of Things (IoT). Additionally, the rising popularity of online streaming services, video conferencing, and other bandwidth-intensive applications fuels the demand for high-speed internet in Europe. This increased demand is overburdening the capacity of existing copper-based networks, as they are unable to keep up with the bandwidth requirements.
In contrast, optical fiber offers significantly higher bandwidth capacity, making it the preferred solution to meet the surging demand for high-speed internet in Europe. Governments of many countries across Europe are providing financial support to facilitate the deployment of fiber optic networks, thereby accelerating their adoption in the region. Notably, the Europe optical fiber market is specifically designed for outdoor use, considering the challenging environmental conditions often encountered in the region. These outdoor fiber optics are constructed with materials that are resistant to water, corrosion, and other environmental factors. In Europe, optical fiber manufacturing companies also adhere to high manufacturing standards due to the imposition of stringent regulations. These regulations necessitate compliance with requirements related to performance, safety, and environmental impact. For instance, The European Electronic Communications Code (EECC) is a directive in EU law that updated the regulatory framework for communications services. The European Parliament adopted the EECC on June 6, 2018, and ordered EU member states to transpose the EECC provisions into their national laws by December 21, 2020. The EECC aims to harmonize the rules for electronic communications networks and services, promote competition and innovation, ensure consumer protection and access, and foster the development of the digital single market.
Europe Optical Fiber Market Revenue and Forecast to 2030 (US$ Million)
Europe Optical Fiber Market Segmentation
The Europe optical fiber market is segmented based on type, mode, composition, end user, and country. Based on type, the Europe optical fiber market is bifurcated into step indexed optical fiber and graded indexed optical fiber. The graded indexed optical fiber segment held a larger market share in 2022.
In terms of mode, the Europe optical fiber market is bifurcated into single mode and multi-mode. The single mode segment held a larger market share in 2022.
By composition the Europe optical fiber market is bifurcated into glass and plastic. The glass segment held a larger market share in 2022.
Based on end user, the Europe optical fiber market is categorized into the telecom and networking, industrial automation, medical, defense, and others. The telecom and networking segment held the largest market share in 2022.
Based on country, the Europe optical fiber market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The UK dominated the Europe optical fiber market share in 2022.
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 are some of the leading companies operating in the Europe optical fiber market.
Summary Info
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According to the Research Team’ research, the Europe optical fiber market was valued at US$ 2,740.94 million in 2022 and is expected to reach US$ 5,176.36 million by 2030, registering a CAGR of 8.3% from 2022 to 2030. Adoption of machine learning (ML) and artificial intelligence (AI) are among the critical factor attributed to the Europe optical fiber market expansion.
The increasing advancement in Artificial Intelligence (AI) and Machine Learning (ML) technologies has opened up a world of possibilities across various industries. These transformative technologies are driving innovation, automation, and efficiency, presenting a unique opportunity for the optical fiber market. As AI and ML applications continue to increase, the demand for robust and high-speed data transmission becomes paramount. Optical fiber networks are well-suited to meet the requirements of AI and ML systems because of their ability to handle large volumes of data with minimal latency. These technologies heavily rely on the seamless and reliable transfer of data for real-time analytics, decision-making, and prediction capabilities. The low latency and high bandwidth offered by optical fiber networks enable the transfer of data with minimal delays, ensuring the efficiency and effectiveness of AI and ML algorithms. Moreover, the increasing adoption of AI and ML in various industry verticals, such as healthcare, finance, manufacturing, and transportation, requires a strong foundation of connectivity. Optical fiber networks provide the necessary infrastructure to support the massive data transfers required by AI and ML applications. The high-speed capabilities of optical fiber enable the rapid transmission of data between servers, cloud platforms, and edge devices, facilitating the seamless operation of AI and ML. Additionally, as AI and ML applications become more sophisticated, the need for edge computing and decentralized data processing is growing. With their ability to connect remote locations and handle high-speed data transfers over long distances, optical fiber networks are essential for enabling efficient edge computing infrastructure. This enables real-time decision-making and reduces the dependence on centralized data centers, ensuring faster response times and improved overall performance for AI and ML systems.
On the contrary, high installation costs hurdles the growth of Europe optical fiber market.
Based on type, the Europe optical fiber market is bifurcated into step indexed optical fiber and graded indexed optical fiber. The graded indexed segment held 51.5% market share in 2022, amassing US$ 1,411.26 million. It is projected to garner US$ 2,781.83 million by 2030 to expand at 8.9% CAGR during 2022-2030.
In terms of mode, the Europe optical fiber market is bifurcated into single mode and multi-mode. The single mode segment held 72.5% share of Europe optical fiber market in 2022, amassing US$ 1,986.75 million. It is projected to garner US$ 3,874.79 million by 2030 to expand at 8.7% CAGR during 2022-2030.
By composition, the Europe optical fiber market is bifurcated into glass and plastic. The glass segment held 85.6% share of Europe optical fiber market in 2022, amassing US$ 2,347.41 million. It is projected to garner US$ 4,510.47 million by 2030 to expand at 8.5% CAGR during 2022-2030.
Based on end user, the Europe optical fiber market is categorized into telecom and networking, industrial automation, medical, defense, and others. The telecom and networking segment held 57.6% share of Europe optical fiber market in 2022, amassing US$ 1,579.26 million. It is projected to garner US$ 2,934.73 million by 2030 to expand at 8.1% CAGR during 2022-2030.
Based on country, the Europe optical fiber market has been categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 26.3% share of Europe optical fiber market in 2022. It was assessed at US$ 721.96 million in 2022 and is likely to hit US$ 1,517.86 million by 2030, exhibiting a CAGR of 9.7% during 2022-2030.
Key players operating in the Europe 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, Furukawa Electric Co., Ltd. has procured Feed-in Tariff (FIT) Non-fossil Certificates with monitoring for the electricity used in the production of optical fiber and cables at the Mie Works during the fiscal year 2023. This procurement enables the company to transition to a predominantly renewable energy-based power supply. Consequently, the company has anticipated a reduction in annual CO2 emissions by approximately 22,000 tons.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe optical fiber market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe optical fiber market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Optical Fiber Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. Europe Optical Fiber Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increase in Adoption of Fiber-to-the-Home (FTTH) Connectivity
5.1.2 Widespread Implementation of 5G
5.1.3 Rise in Investments in Optical Fiber Cable (OFC) Network Infrastructure
5.2 Restraints
5.2.1 High Installation Costs
5.2.2 Growth of Wireless Communication Systems
5.3 Opportunities
5.3.1 Adoption of Machine Learning (ML) and Artificial Intelligence (AI)
5.3.2 Expansion of Telecommunication Infrastructure
5.4 Trends
5.4.1 Emergence of Wavelength Division Multiplexing (WDM) in Optical Fiber
5.5 Impact of Drivers and Restraints:
5.6 Impact Analysis of Drivers and Restraints
6. Optical Fiber Market – Europe Market Analysis
6.1 Optical Fiber Market Revenue (US$ Million), 2022 – 2030
6.2 Optical Fiber Market Forecast and Analysis
7. Europe Optical Fiber Market Analysis – By Type
7.1 Step Indexed Optical Fiber
7.1.1 Overview
7.1.2 Step Indexed Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Graded Indexed Optical Fiber
7.2.1 Overview
7.2.2 Graded Indexed Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million)
8. Europe Optical Fiber Market Analysis – By Mode
8.1 Single Mode
8.1.1 Overview
8.1.2 Single Mode Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Multi-Mode
8.2.1 Overview
8.2.2 Multi-Mode Market Revenue and Forecasts to 2030 (US$ Million)
9. Europe Optical Fiber Market Analysis – By Composition
9.1 Glass
9.1.1 Overview
9.1.2 Glass Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Plastic
9.2.1 Overview
9.2.2 Plastic Market Revenue and Forecasts to 2030 (US$ Million)
10. Europe Optical Fiber Market Analysis – End User
10.1 Telecom and Networking
10.1.1 Overview
10.1.2 Telecom and Networking Market Revenue and Forecasts to 2030 (US$ Million)
10.2 Industrial Automation
10.2.1 Overview
10.2.2 Industrial Automation Market Revenue and Forecasts to 2030 (US$ Million)
10.3 Medical
10.3.1 Overview
10.3.2 Medical Market Revenue and Forecasts to 2030 (US$ Million)
10.4 Defense
10.4.1 Overview
10.4.2 Defense Market Revenue and Forecasts to 2030 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
11. Europe Optical Fiber Market – Country Analysis
11.1 Europe
11.1.1 Europe Optical Fiber Market Overview
11.1.2 Europe Optical Fiber Market Revenue and Forecasts and Analysis – By Countries
11.1.2.1 France Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.1.1 France Optical Fiber Market Breakdown by Type
11.1.2.1.2 France Optical Fiber Market Breakdown by Mode
11.1.2.1.3 France Optical Fiber Market Breakdown by Composition
11.1.2.1.4 France Optical Fiber Market Breakdown by End User
11.1.2.2 Germany Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Germany Optical Fiber Market Breakdown by Type
11.1.2.2.2 Germany Optical Fiber Market Breakdown by Mode
11.1.2.2.3 Germany Optical Fiber Market Breakdown by Composition
11.1.2.2.4 Germany Optical Fiber Market Breakdown by End User
11.1.2.3 UK Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 UK Optical Fiber Market Breakdown by Type
11.1.2.3.2 UK Optical Fiber Market Breakdown by Mode
11.1.2.3.3 UK Optical Fiber Market Breakdown by Composition
11.1.2.3.4 UK Optical Fiber Market Breakdown by End User
11.1.2.4 Italy Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 Italy Optical Fiber Market Breakdown by Type
11.1.2.4.2 Italy Optical Fiber Market Breakdown by Mode
11.1.2.4.3 Italy Optical Fiber Market Breakdown by Composition
11.1.2.4.4 Italy Optical Fiber Market Breakdown by End User
11.1.2.5 Russia Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.5.1 Russia Optical Fiber Market Breakdown by Type
11.1.2.5.2 Russia Optical Fiber Market Breakdown by Mode
11.1.2.5.3 Russia Optical Fiber Market Breakdown by Composition
11.1.2.5.4 Russia Optical Fiber Market Breakdown by End User
11.1.2.6 Rest of Europe Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.6.1 Rest of Europe Optical Fiber Market Breakdown by Type
11.1.2.6.2 Rest of Europe Optical Fiber Market Breakdown by Mode
11.1.2.6.3 Rest of Europe Optical Fiber Market Breakdown by Composition
11.1.2.6.4 Rest of Europe Optical Fiber Market Breakdown by End User
12. Competitive Landscape
12.1 Heat Map Analysis By Key Players
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development & Company News
13.4 Collaboration
14. Company Profiles
14.1 Corning Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Prysmian SpA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Jiangsu Zhongtian Technology Co Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Yangtze Optical Fiber and Cable Joint Stock Ltd
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Fiberhome Telecommunication Technologies Co Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Furukawa Electric Co Ltd
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 CommScope Holding Co Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Nexans SA
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Sumitomo Electric Industries Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Coherent Corp
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 Word Index
LIST OF TABLES
Table 1. Optical Fiber Market Segmentation
Table 2. Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million) – Mode
Table 5. Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million) – Composition
Table 6. Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million) – End User
Table 7. Europe Optical Fiber Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 8. France Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 9. France Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 10. France Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 11. France Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 12. Germany Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 13. Germany Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 14. Germany Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 15. Germany Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 16. UK Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. UK Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 18. UK Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 19. UK Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 20. Italy Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 21. Italy Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 22. Italy Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 23. Italy Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 24. Russia Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 25. Russia Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 26. Russia Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 27. Russia Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 28. Rest of Europe Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 29. Rest of Europe Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 30. Rest of Europe Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 31. Rest of Europe Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 32. Heat Map Analysis By Key Players
Table 33. List of Abbreviation
LIST OF FIGURES
Figure 1. Optical Fiber Market Segmentation, By Country
Figure 2. Ecosystem: Optical Fiber Market
Figure 3. Optical Fiber Market – Key Industry Dynamics
Figure 4. Optical Fiber Market Revenue (US$ Million), 2022 & 2030
Figure 5. Optical Fiber Market Share (%) – Type, 2022 and 2030
Figure 6. Step Indexed Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Graded Indexed Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Optical Fiber Market Share (%) – Mode, 2022 and 2030
Figure 9. Single Mode Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Multi-Mode Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Optical Fiber Market Share (%) – Composition, 2022 and 2030
Figure 12. Glass Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Plastic Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Optical Fiber Market Share (%) – End User, 2022 and 2030
Figure 15. Telecom and Networking Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Industrial Automation Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Medical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Defense Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Europe Optical Fiber Market Revenue, by Key Country, (2022) (US$ Million)
Figure 21. Optical fiber market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. France Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Germany Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. UK Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Italy Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Russia Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Rest of Europe Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Europe Optical Fiber Market
1. Corning Inc
2. Prysmian Spa
3. Jiangsu Zhogtian Technology Co Ltd
4. Yangtze Optical Fiber and Cable Joint Stock Ltd
5. Fiberhome Telecommunication Technologies Co Ltd
6. CommScope Holding Co Inc
7. Nexans SA
8. Furukawa Electric Co Ltd
9. Sumitomo Electric Industries Ltd
10. Coherent Corp
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