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North America Optical Fiber Market Forecast to 2030
North America 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
Increase in Adoption of Fiber-to-the-(FTTH) Connectivity Fuels North America Optical Fiber Market
The internet has become an indispensable element of daily life. Consumers rely on technology for everything, including communication, entertainment, and work. However, as the reliance on the internet has risen, so has the demand for more dependable and quicker access. Fiber-to-the-home (FTTH) broadband is a broadband technology that employs optical fibers to offer high-speed internet to residences. Unlike typical copper or coaxial cables, which are susceptible to signal loss and interference, optical fibers are constructed of glass or plastic. They can transfer data over considerably greater distances without signal degradation.
Traditional internet technologies cannot compete with quicker speeds and more dependable connections of FTTH. According to the study conducted by the Fiber Broadband Association (FBA), the number of residences in the US served by fiber internet has surpassed 60 million in 2021, an increase of 12% from roughly 54 million in 2020. Moreover, the study also revealed that fiber internet is already available to 43% of American households and 60% of Canadian households. According to the survey, large providers such as Verizon, AT&T, and Lumen, are the top five cable Management Services Organizations (MSOs) formed 72% of all fiber internet connectivity, while Tier 2 regional operators such as Frontier, Windstream, TDS, and Consolidated accounted for 10% of the expansion.
In a very short period, FTTH broadband has come a long way. It was first utilized exclusively in a few industries, particularly for high-end corporate and government applications. However, as the need for faster and more dependable internet connections has increased, so has the use of FTTH broadband. Today, it is becoming more common in residential areas, and many internet service providers now provide FTTH broadband as a basic offering. Therefore, the increase in the adoption of FTTH connectivity drives the market.
North America Optical Fiber Market Overview
The North America optical fiber market is segmented into the US, Canada, and Mexico. Fiber optical cables have gained higher popularity in North America, providing more flexibility and simplicity of installation. Advanced testing and monitoring technologies, such as optical time-domain reflectometers (OTDRs) and optical spectrum analyzers, are in great demand to match the expanding sophistication of fiber optic networks. The North America optical fiber cable industry is expanding rapidly, owing to the rising demand for high-speed internet access. The region’s booming IT and telecommunications sectors, together with optical fiber cable innovation, are driving market expansion even further. Optical fiber connections have become important in North America as bandwidth needs and the demand for dependable and high-capacity networks have increased.
The continuous need for high-speed internet across numerous industries is one of the primary factors for market development. Optical fiber cables are perfect for gigabit transmission due to their large bandwidth expansion and low attenuation, which is critical for enterprises demanding high-speed data transfer. North America’s communication infrastructure is significantly reliant on optical cabling, particularly with the expansion of data centers around the continent. Fiber optics are widely utilized in intra and inter-data center connections, allowing enormous amounts of data to be sent across great distances. In North America, there has been a considerable push for fiber-to-the-home (FTTH) deployment in response to the rising demand for higher internet speeds and enhanced network performance. Telecommunications and internet service providers are investing in expanding their fiber optic networks to residential areas, allowing for seamless access and improved broadband experiences for customers.
Furthermore, investments from the key players have boosted the demand for optical fiber networks in the region. For instance, in October 2023, Prysmian Group committed to spending US$85 million on North American plant equipment and technological improvements. The majority of these modifications will take place at Prysmian Group’s Claremont, North Carolina site to boost optical product manufacturing to satisfy the expanding demands of telecommunications clients. Its Claremont site is co-located in a combined optical fiber and optical fiber cable manufacturing facility. This is also set to grow to 620 personnel in the next 18 months, with up to 70 additional positions added.
North America Optical Fiber Market Revenue and Forecast to 2030 (US$ Million)
North America Optical Fiber Market Segmentation
The North America optical fiber market is segmented based on type, mode, composition, end user, and country. Based on type, the North America 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 North America 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 North America optical fiber market is bifurcated into glass and plastic. the glass segment held a larger market share in 2022.
Based on end user, the North America 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 North America optical fiber market is segmented into the US, Canada, and Mexico. The US dominated the North America 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 connected vehicle market.
Summary Info
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According to the Research Team’ research, the North America optical fiber market was valued at US$ 1,704.01 million in 2022 and is expected to reach US$ 3,434.76 million by 2030, registering a CAGR of 9.2% from 2022 to 2030. Emergence of wavelength division multiplexing (WDM) in optical fiber and widespread implementation of 5G are among the critical factor attributed to the North America optical fiber market expansion.
The emergence of wavelength division multiplexing (WDM) technology in the optical fiber market is revolutionizing data transmission capabilities, thus, becoming a prominent trend in the industry. WDM enables the simultaneous transmission of multiple data streams over a single optical fiber by utilizing different wavelengths of light. With the exponential growth of data traffic and the demand for high-speed connectivity, WDM allows for increased data capacity within a single optical fiber. By multiplexing multiple wavelengths, each carrying independent data streams, WDM technology significantly enhances the overall data-carrying capacity of optical fiber networks. This increased capacity enables telecommunication companies and internet service providers (ISPs) to meet the ever-growing demand for bandwidth-intensive applications, including video streaming, cloud computing, and IoT devices.
Moreover, WDM technology provides a cost-effective solution for telecom operators and service providers. By utilizing the full potential of existing optical fiber infrastructure, WDM eliminates the need for additional fiber optic cables, reducing deployment costs and minimizing disruptions to existing networks. Moreover, the ability to transmit multiple data streams simultaneously through a single fiber enhances network efficiency, optimizing resources and reducing operational expenses. Additionally, WDM networks can easily accommodate future capacity expansion by simply adding or adjusting wavelengths as required. This scalability allows telecommunication companies to adapt to changing customer demands and market dynamics without significant infrastructure investments.
On the contrary, high installation costs hurdles the growth of North America optical fiber market.
Based on type, the North America optical fiber market is bifurcated into step indexed optical fiber and graded indexed optical fiber. The graded indexed segment held 53.7% market share in 2022, amassing US$ 914.54 million. It is projected to garner US$ 1,918.47 million by 2030 to expand at 9.7% CAGR during 2022-2030.
In terms of mode, the North America optical fiber market is bifurcated into single mode and multi-mode. The single mode segment held 73.5% share of North America optical fiber market in 2022, amassing US$ 1,251.70 million. It is projected to garner US$ 2,604.87 million by 2030 to expand at 9.6% CAGR during 2022-2030.
By composition, the North America optical fiber market is bifurcated into glass, and plastic. The glass segment held 84.2% share of North America optical fiber market in 2022, amassing US$ 1,435.37 million. It is projected to garner US$ 2,951.45 million by 2030 to expand at 9.4% CAGR during 2022-2030.
Based on end user, the North America optical fiber market is categorized into telecom and networking, industrial automation, medical, defense, and others. The telecom and networking segment held 58.5% share of North America optical fiber market in 2022, amassing US$ 997.51 million. It is projected to garner US$ 1,978.89 million by 2030 to expand at 8.9% CAGR during 2022-2030.
Based on country, the North America optical fiber market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 76.3% share of North America optical fiber market in 2022. It was assessed at US$ 1,299.82 million in 2022 and is likely to hit US$ 2,672.89 million by 2030, exhibiting a CAGR of 9.4% during 2022-2030.
Key players operating in the North America 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 September 2023, Corning Incorporated introduced the Corning MiniXtend Plenum MicroCable, the latest addition to the Corning MiniXtend cabling portfolio. The new micro cable allows enterprise network operators in settings such as office buildings, hospitals, airports, and college campuses to install or upgrade their fiber networks more efficiently with minimal disruption.
In April 2023, Prysmian Group introduced the first optical cables that are certified as environmentally friendly. The ECO CABLE products aim to meet the increasing demand for sustainability from the telecom market and all its stakeholders.
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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America Optical Fiber Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain:
5. North America 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:
6. Optical Fiber Market – North America Market Analysis
6.1 North America Optical Fiber Market Revenue (US$ Million), 2022 – 2030
6.2 Optical Fiber Market Forecast and Analysis
7. North America 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. North America 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. North America 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. North America Optical Fiber Market Analysis – By 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. North America Optical Fiber Market – Country Analysis
11.1 North America
11.1.1 North America Optical Fiber Market Overview
11.1.2 North America Optical Fiber Market Revenue and Forecasts and Analysis – By Countries
11.1.2.1 US Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.1.1 US Optical Fiber Market Breakdown by Type
11.1.2.1.2 US Optical Fiber Market Breakdown by Mode
11.1.2.1.3 US Optical Fiber Market Breakdown by Composition
11.1.2.1.4 US Optical Fiber Market Breakdown by End User
11.1.2.2 Canada Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Canada Optical Fiber Market Breakdown by Type
11.1.2.2.2 Canada Optical Fiber Market Breakdown by Mode
11.1.2.2.3 Canada Optical Fiber Market Breakdown by Composition
11.1.2.2.4 Canada Optical Fiber Market Breakdown by End User
11.1.2.3 Mexico Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Mexico Optical Fiber Market Breakdown by Type
11.1.2.3.2 Mexico Optical Fiber Market Breakdown by Mode
11.1.2.3.3 Mexico Optical Fiber Market Breakdown by Composition
11.1.2.3.4 Mexico 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 Financial Overview
14.2.4 SWOT Analysis
14.2.5 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. North America Optical Fiber Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 8. US Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 9. US Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 10. US Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 11. US Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 12. Canada Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 13. Canada Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 14. Canada Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 15. Canada Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 16. Mexico Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. Mexico Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Mode
Table 18. Mexico Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By Composition
Table 19. Mexico Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 20. Heat Map Analysis By Key Players
Table 21. List of Abbreviation
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LIST OF FIGURES
Figure 1. Optical Fiber Market Segmentation, By Country
Figure 2. North America- PEST Analysis
Figure 3. Ecosystem: Optical Fiber Market
Figure 4. Optical Fiber Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Optical Fiber Market Revenue (US$ Million), 2022 & 2030
Figure 7. Optical Fiber Market Share (%) – Type, 2022 and 2030
Figure 8. Step Indexed Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Graded Indexed Optical Fiber Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Optical Fiber Market Share (%) – Mode, 2022 and 2030
Figure 11. Single Mode Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Multi-Mode Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Optical Fiber Market Share (%) – Composition, 2022 and 2030
Figure 14. Glass Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Plastic Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Optical Fiber Market Share (%) – End User, 2022 and 2030
Figure 17. Telecom and Networking Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Industrial Automation Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Medical Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Defense Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. North America Optical Fiber Market Revenue, by Key Country, (2022) (US$ Million)
Figure 23. Optical fiber market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. US Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Canada Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Mexico Optical Fiber Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – North America 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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