March 19, 2020

Fiber Optics Market Forecasts, Growth Rate, and Industry Analysis 2018-2026

New York, NY 19 Mar 2020 :According to a new study published by Polaris Market, the global Fiber Optics Market is anticipated to reach USD 7 billion by 2026. The market for Fiber Optics is propelled by factors including, increasing penetration of internet, rising government funds for the development of broadband infrastructure, and intense research investments by the companies for development of innovative and new technology in the fiber optic to enable cost-savings.


The plastic optic fiber market is expected to notice a high growth during the projected period. The core material (polymer) used for construction of plastic optic fiber is different from the material (glass) used in single mode and multimode. This provides a dynamic application and helps in saving cost. Further, the telecommunication application segment is dominating the market for fiber optics attributed to the escalating demand for internet in developing economies. This segment is expected to witness constant growth owing to growing telecommunication industry particularly in Asia Pacific and Middle East & Africa region.


The sample for the study can be requested using the following link:


The Asia Pacific Fiber Optics Market is anticipated to witness the highest growth followed by Middle East & Africa. Increased industrialization, increasing adoption of smart devices resulting in high demand for internet, and blooming telecommunication industry are the major factor for propelling market growth in Middle East & Africa. Further, rising fiber optics applications in medical sector is driving market growth in countries including, China, India, and Japan. Also, governments of developed nations such as US, Japan, Germany, UK, and China are significantly investing to improve their country’s security infrastructure. Thus, with the adoption of fiber optics by the government, due to the benefits delivered by it, has further resulted in increased the Fiber Optics Market growth.


Corning, one of the leading company in fiber optics market stated that the market demand is surpassing supply. The company announced its plans to spend USD 176 million in the next two years for building a new manufacturing facility for optical fiber as well as to expand its existing facility. Also, Finisa, a transceiver vendor, is also planning to construct a new manufacturing plant in China and expand its existing facility in Texas. Such development reflects the increasing market growth.

Some of the major players profiled in the Fiber Optics Market study include:

·         Corning Incorporated

·         Prysmian S.p.A.

·         Optical Cable Corporation

·         OFS Fitel

·         LLC

·         AFL

·         Furukawa Electric

·         Sterlite Technologies Limited

·         Finolex Cables Ltd.

·         YOFC

·         General Cable Corporation 


Middle East & Africa Request for discount on this market study @



Polaris Market research has segmented the Fiber Optics Market report on the basis of type, application and region

Fiber Optics Market Size and Forecast by Type

·         SingleMode

·         MultiMode

·         Plastic Optical Fiber

Fiber Optics Market Size and Forecast by Application

·         Telecommunications

·         Oil & Gas

·         Military & Aerospace

·         BFSI

·         Medical

·         Railway

·         Others

Fiber Optics Market Size and Forecast by Regions

·         North America

o   U.S.

o   Canada

·         Europe

o   UK

o   France

o   Germany

o   Italy

·         Asia Pacific

o   India

o   Japan

o   China

·         Latin America

o   Mexico

o   Brazil

·         MEA


To speak to one of our analysts please click @


About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world.


Contact us

Mr. Likhil

Corporate Sales, USA

Polaris Market Research

Phone: 1-646-568-9980