The fiber optic market is expected to grow at a CAGR of 10% from 2019 to 2024


   September 27, 2019
According to a market report by Lucintel, the future of the fiber optic market looks promising with opportunities in the communication and non-communication segments. The fiber optic market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are increasing demand for the internet and growing use of wireless communication systems.

To download report brochure, please go to https://www.lucintel.com/fiber-optic-market.aspx and click "report brochure" tab

In this market, single mode and multiple modes are the major cable type. Within the fiber optic market, communications and non-communications are the major applications. Communication is the largest application for fiber optics. Glass optical fiber and plastic optical fiber are the major optical fiber type segments in the fiber optic market.

North America will remain the largest market over the forecast period. APAC is expected to witness the highest growth over the forecast period due to large-scale adoption of technology in IT and telecommunication as well as the administrative sector.

Corning Inc., Prysmian Group, AFL Global, Finisar, Leoni AG, Furukawa Electric, LS Cable & System, General Cable Corporation, and Finolex are among the major manufacturers of fiber optics.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the fiber optic market by optical fiber type, application, cable type, and region. Lucintel has prepared a comprehensive research report entitled "Fiber Optic Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the fiber optic market by optical fiber type, cable type , application, and region as follows:

By Optical Fiber Type [$M shipment analysis for 2013 – 2024]:



  • Glass optical fiber


  • Plastics optical fiber


By Cable Type [$M shipment analysis for 2013 – 2024]:



  • Single mode


  • Multi-mode


By Application [$M shipment analysis for 2013 – 2024]:



  • Communications


    • Telecom


    • Premises


    • Utility


    • CATV


    • Military


    • Industrial


    • Security


    • Metropolitan




  • Non-communications


    • Sensors


    • Fiber Optic Lighting




By Region [$M shipment analysis for 2013 – 2024]:



  • North America


    • U.S.


    • Canada


    • Mexico




  • Europe


    • Germany


    • France


    • U.K.


    • Italy


    • Spain


    • Russia


    • Rest of Europe




  • Asia Pacific


    • China


    • Japan


    • India


    • Indonesia


    • Rest of Asia Pacific




  • ROW


    • Brazil


    • Argentina


    • Saudi Arabia


    • U.A.E.


    • Others




This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/fiber-optic-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [51]
Chemical [258]
Composites & Advanced Materials [159]
Construction & Industrial [68]
Consumer and Retail [120]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [62]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [162]
Transportation [140]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on