Global Next-Generation Optical Fiber Market Size is valued at USD 223.6 Mn in 2024 and is predicted to reach USD 1989.1 Mn by the year 2034 at a 24.6% CAGR during the forecast period for 2025-2034.
Next-generation optical fiber describes sophisticated fiber-optic equipment intended to raise data transfer and connectivity facilities' performance and effectiveness. Relative to conventional optical fibers, these fibers have better features like wider connectivity, lower diminution, and stronger durability against ecological and mechanical pressures. Numerous causes are propelling the next-generation optical fiber sector's development. The growing need for bandwidth and speed connectivity due to data-intensive activities like multiplayer games on the internet, virtualization, and streaming media represents one of the main motivators. Technological developments that allow for faster data transfer speeds are advantageous.
Additionally, the business is growing due to the development of broadband networks in emerging nations and the rising popularity of optic-to-the-house technologies. However, the industry expansion is being hindered by the high initial expenses associated with acquisition and deployment. The structure of optical fibers consists of several parts, including recipients, sensors, and optical cabling. The entire system setup procedure requires a lot of employment, especially the connection construction for submarine and subsurface linkages, which represents some of the more costly and lengthy tasks.
Moreover, it is anticipated that the highly costly installation procedure for establishing optical connectivity will hinder the growth of the fiber optics industry. COVID-19 had a swift and major impact on the next-generation optical fiber business, upending the industry as a result of global production and demand network issues, manpower shortages, and shutdowns of industrial facilities across the country.
The next-generation optical fiber market is segmented based on end-user, material type, and product type. Based on end-users, the market is segmented into telecommunication, medical, aerospace and defense, information technology, and others. By material type, the market is segmented into glass and plastic. By product type, the market is segmented into multicore fiber and hollow core fiber.
The multicore fiber next-generation optical fiber market will hold a major global market share in 2023. They are widely utilized in medical equipment for operative lighting and reflection and are economical. Because of electricity, detector, and interaction applications in automobiles, the multi-mode category provides a feasible solution. The multi-mode sector has also emerged as the standard networking option for critical applications because of its high speed and affordable expense.
The telecommunication industry uses the bulk of next-generation optical fiber because of the increasing use of information technology in interactions and data transfer activities. Fiber optics enables rapid connectivity and information transfer capabilities that support immediate and distant communication. As internet-based apps, audio-video offerings, and streaming video products gain more traction, there is increasing interest in fiber optic deployments.
The North American next-generation optical fiber market is likely to report the highest market share in the near future. This can be because of the increasing popularity of optical cables in a range of applications, such as medical services and protection. Additionally, investor interest in optics networks has increased significantly due to growing demands for connected gadget devices, handsets, and computers in North America, which drives the popularity of the fiber optic industry. In addition, Europe projected to grow rapidly in the global next-generation optical fiber industry due to a number of factors, including greater advances in technology, extensive use in the managerial, information technology, and connectivity industries, and the development of fiber-integrated facilities. The majority of the economy in the Asia Pacific area is being enhanced by the rapidly adopting production sectors of the information and communication technology & telecoms business.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 223.6 Mn |
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Revenue Forecast In 2034 |
USD 1989.1 Mn |
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Growth Rate CAGR |
CAGR of 24.6% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By By Material Type, By Product Type, By End User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Newport Corporation, OFS Fitel, LLC, IRFlex Corporation, IXBlue, Thorlabs, Inc., NKT Photonics A/S, IDIL Fibres Optiques, Guiding Photonics, Corning Incorporated, RISE AB, IPT Fiber, Lumenisity, Few-cycle, Humanetics, NEC Corporation, Sintec Optronics Pte Ltd, Sterlite Technologies Limited, Sumitomo Electric Industries, Ltd, Asahi Kasei Corporation, Zhongshan Meisu Technology Co.,Ltd |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Next-Generation Optical Fiber Market Snapshot
Chapter 4. Global Next-Generation Optical Fiber Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by End User Estimates & Trend Analysis
5.1. by End User & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End User:
5.2.1. Telecommunication
5.2.2. Medical
5.2.3. Aerospace and Defense
5.2.4. Information Technology
5.2.5. Others
Chapter 6. Market Segmentation 2: by Material Type Estimates & Trend Analysis
6.1. by Material Type & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Material Type:
6.2.1. Ballon Angioplasty
6.2.2. Angioplasty With Stent Replacement
6.2.3. Drug-Eluting Stents Renal Artery Angioplasty and Stenting Carotid Artery
6.2.4. Thrombosis
6.2.5. Renal Artery Angioplasty and Stenting
6.2.6. Transfemoral Carotid Artery Revascularization
6.2.7. Intravascular Brachytherapy
6.2.8. Carotid Artery Stenting
Chapter 7. Market Segmentation 3: by Product Type Estimates & Trend Analysis
7.1. by Product Type & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
7.2.1. Multicore Fiber
7.2.2. Hollow Core Fiber
Chapter 8. Next-Generation Optical Fiber Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
8.1.2. North America Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2021-2034
8.1.3. North America Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
8.1.4. North America Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
8.2.2. Europe Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2021-2034
8.2.3. Europe Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
8.2.4. Europe Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
8.3.2. Asia Pacific Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2021-2034
8.3.3. Asia-Pacific Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
8.3.4. Asia Pacific Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
8.4.2. Latin America Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2021-2034
8.4.3. Latin America Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
8.4.4. Latin America Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by End User, 2021-2034
8.5.2. Middle East & Africa Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Material Type, 2021-2034
8.5.3. Middle East & Africa Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
8.5.4. Middle East & Africa Next-Generation Optical Fiber Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. NEC Corporation
9.2.2. Sintec Optronics Pte Ltd
9.2.3. Sterlite Technologies Limited
9.2.4. Sumitomo Electric Industries, Ltd.
9.2.5. Asahi Kasei Corporation
9.2.6. Zhongshan Meisu Technology Co.,Ltd.
9.2.7. Other Prominent Players
Next-Generation Optical Fiber Market By End User-
Next-Generation Optical Fiber Market By Material Type-
Next-Generation Optical Fiber Market By Product Type-
Next-Generation Optical Fiber Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
