According to the report, due to the increased use of optical components in energy-saving networks, the global fiber-optic connection market will achieve steady and rapid growth during the forecast period. In particular, the Asia Pacific region will achieve healthy growth during the forecast period, followed by the Middle East and Africa. Coupled with the increasing development and investment of global smart city projects, the smart city sector dominates the global fiber optic connectivity market.
Optical components contribute to significant overall cost savings due to lower installation costs for fiber optic equipment and components. In fiber-optic networks, low space utilization and low upgrade costs help to further save overall costs. In addition, high-efficiency equipment is expected to deliver a high return on investment. It is expected that the deployment of fiber-optic networks in multiple industries will stimulate further growth in the fiber-optic connection market during the forecast period.
Currently, Europe leads the global fiber optic connection market with a market share of more than 35%. This is mainly due to the strong penetration of fiber optic technology in various industries, especially wind power, oil and gas, mining and some smart city projects in Europe. In addition, the growth of the fiber optic connection market in the region is mainly due to the increased demand for high data transmission in various industries. In terms of opportunities, Asia Pacific and Middle East and Africa (MEA) are expected to witness healthy growth during the forecast period, especially the explosive growth of the Chinese market. Therefore, the Asia Pacific region is expected to achieve the highest compound annual growth rate during the forecast period.
From the enterprise point of view, the major players in the global fiber optic connection market operations include Xunyuan Communications, Adtell Integration, ADTRAN, Huawei Technologies, ZTE, ADVA Optical Network, Broadcom, Cisco Systems, Corning, Fenisa, Fujitsu Optics, and Xunxun , Hamamatsu Photon, Infinera, etc.