Published Year: 2023
Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) - A Global and Regional Analy
The global next-generation optical fiber market (multicore and hollow core fiber) is projected...
Market Research Report
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Table of Contents
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Increasing Demand for 5G Mobile Networks
1.1.1.2 Growing Demand in Laser and Sensing Applications
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem of Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory/Certification Bodies
1.1.3.3 Programs by Research Institutions and Universities
1.1.4 Impact of COVID-19 on the Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
1.1.5 Technological Advancements in Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
1.1.6 Comparison between Multicore and Hollow Core Fiber vs Conventional Single Core Optical Fiber
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Growing Demand for Cloud Computing and Data Centers
1.2.1.2 Growing Demand in Biomedical Applications
1.2.1.3 Growing Demand for Microelectronics
1.2.2 Business Challenges
1.2.2.1 High Installation Cost
1.2.2.2 Lack of Skilled Workforce
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Growing Investments in Defense and Security Industry
1.2.5.2 Increasing Interest in the Space Industry
1.2.5.3 Rising Need for Higher-Speed and Larger-Capacity Transmission Systems (Telecom Transmission)
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
2.1 China
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Producers and Suppliers in China
2.1.1.3 Business Drivers
2.1.1.4 Business Challenges
2.1.2 Applications
2.1.2.1 China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Volume and Value Data
2.1.3 Products
2.1.3.1 China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Volume and Value Data
2.1.3.2 China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Volume and Value Data
2.2 Asia-Pacific and Japan
2.2.1 Market
2.2.1.1 Key Producers and Suppliers in Asia-Pacific and Japan
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Applications
2.2.2.1 Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Volume and Value Data
2.2.3 Products
2.2.3.1 Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Volume and Value Data
2.2.3.2 Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Volume and Value Data
2.2.4 Asia-Pacific and Japan (by Country)
2.2.4.1 Japan
2.2.4.1.1 Market
2.2.4.1.1.1 Buyer Attributes
2.2.4.1.1.2 Key Producers and Suppliers in Japan
2.2.4.1.1.3 Business Drivers
2.2.4.1.1.4 Business Challenges
2.2.4.1.2 Applications
2.2.4.1.2.1 Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Volume and Value Data
2.2.4.1.3 Products
2.2.4.1.3.1 Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Volume and Value Data
2.2.4.1.3.2 Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Volume and Value Data
2.2.4.2 South Korea
2.2.4.2.1 Market
2.2.4.2.1.1 Buyer Attributes
2.2.4.2.1.2 Key Producers and Suppliers in South Korea
2.2.4.2.1.3 Business Drivers
2.2.4.2.1.4 Business Challenges
2.2.4.2.2 Applications
2.2.4.2.2.1 South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Volume and Value Data
2.2.4.2.3 Products
2.2.4.2.3.1 South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Volume and Value Data
2.2.4.2.3.2 South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Volume and Value Data
2.2.4.3 India
2.2.4.3.1 Market
2.2.4.3.1.1 Buyer Attributes
2.2.4.3.1.2 Key Producers and Suppliers in India
2.2.4.3.1.3 Business Drivers
2.2.4.3.1.4 Business Challenges
2.2.4.3.2 Applications
2.2.4.3.2.1 India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Volume and Value Data
2.2.4.3.3 Products
2.2.4.3.3.1 India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Volume and Value Data
2.2.4.3.3.2 India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Volume and Value Data
2.2.4.4 Rest-of-Asia-Pacific and Japan
2.2.4.4.1 Market
2.2.4.4.1.1 Buyer Attributes
2.2.4.4.1.2 Key Producers and Suppliers in Rest-of-Asia-Pacific and Japan
2.2.4.4.1.3 Business Drivers
2.2.4.4.1.4 Business Challenges
2.2.4.4.2 Applications
2.2.4.4.2.1 Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Volume and Value Data
2.2.4.4.3 Products
2.2.4.4.3.1 Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Volume and Value Data
2.2.4.4.3.2 Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Volume and Value Data
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix for Key Companies, Product Type
3.1.3 Market Share Analysis of Key Companies
3.2 Company Profiles
3.2.1 NEC Corporation
3.2.1.1 Company Overview
3.2.1.2 Role of NEC Corporation in the Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
3.2.1.2.1 Product Portfolio
3.2.1.2.2 Production Sites
3.2.1.2.3 Corporate Strategies
3.2.1.2.3.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
3.2.1.2.4 R&D Analysis
3.2.1.3 Analyst View
3.2.2 Sintec Optronics Pte Ltd
3.2.2.1 Company Overview
3.2.2.2 Role of Sintec Optronics Pte Ltd in the Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
3.2.2.2.1 Product Portfolio
3.2.2.2.2 Production/Operation Sites
3.2.2.3 Analyst View
3.2.3 Sterlite Technologies Limited
3.2.3.1 Company Overview
3.2.3.2 Role of Sterlite Technologies Limited in the Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
3.2.3.2.1 Product Portfolio
3.2.3.2.2 Production/Operation Sites
3.2.3.2.3 Business Strategies
3.2.3.2.3.1 Product Development
3.2.3.3 Analyst View
3.2.4 Sumitomo Electric Industries, Ltd.
3.2.4.1 Company Overview
3.2.4.2 Role of Sumitomo Electric Industries, Ltd. in the Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
3.2.4.2.1 Product Portfolio
3.2.4.2.2 Production Sites
3.2.4.2.3 Corporate Strategies
3.2.4.2.3.1 Mergers, Acquisitions, Partnerships, and Joint Ventures
3.2.4.2.4 R&D Analysis
3.2.4.3 Analyst View
3.2.5 Asahi Kasei Corporation
3.2.5.1 Company Overview
3.2.5.2 Role of Asahi Kasei Corporation in the Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
3.2.5.2.1 Product Portfolio
3.2.5.2.2 Production Sites
3.2.5.2.3 R&D Analysis
3.2.5.3 Analyst View
3.2.6 Zhongshan Meisu Technology Co.,Ltd.
3.2.6.1 Company Overview
3.2.6.2 Role of Zhongshan Meisu Technology Co., Ltd. in the Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
3.2.6.2.1 Product Portfolio
3.2.6.2.2 Production Sites
3.2.6.3 Analyst View
4.1 Primary Data Sources
4.2 BIS Data Sources
4.3 Assumptions and Limitations
Table 1: Consortiums and Associations
Table 2: Regulatory/Certification Bodies
Table 3: List of Programs by Research Institutions and Universities
Table 4: Key Product Developments
Table 5: Key Market Developments
Table 6: Key Mergers, Acquisitions, Partnerships, and Joint Ventures
Table 7: Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Region), Kilometers, 2021-2031
Table 8: Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Region), $Million, 2021-2031
Table 9: China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Kilometers, 2021-2031
Table 10: China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), $Million, 2021-2031
Table 11: China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Kilometers, 2021-2031
Table 12: China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), $Million, 2021-2031
Table 13: China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Kilometers, 2021-2031
Table 14: China Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), $Million, 2021-2031
Table 15: Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Kilometers, 2021-2031
Table 16: Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), $Million, 2021-2031
Table 17: Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Kilometers, 2021-2031
Table 18: Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), $Million, 2021-2031
Table 19: Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Kilometers, 2021-2031
Table 20: Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), $Million, 2021-2031
Table 21: Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Kilometers, 2021-2031
Table 22: Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), $Million, 2021-2031
Table 23: Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Kilometers, 2021-2031
Table 24: Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), $Million, 2021-2031
Table 25: Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Kilometers, 2021-2031
Table 26: Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), $Million, 2021-2031
Table 27: South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Kilometers, 2021-2031
Table 28: South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), $Million, 2021-2031
Table 29: South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Kilometers, 2021-2031
Table 30: South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), $Million, 2021-2031
Table 31: South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Kilometers, 2021-2031
Table 32: South Korea Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), $Million, 2021-2031
Table 33: India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Kilometers, 2021-2031
Table 34: India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), $Million, 2021-2031
Table 35: India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Kilometers, 2021-2031
Table 36: India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), $Million, 2021-2031
Table 37: India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Kilometers, 2021-2031
Table 38: India Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), $Million, 2021-2031
Table 39: Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), Kilometers, 2021-2031
Table 40: Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), $Million, 2021-2031
Table 41: Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), Kilometers, 2021-2031
Table 42: Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), $Million, 2021-2031
Table 43: Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), Kilometers, 2021-2031
Table 44: Rest-of-Asia-Pacific and Japan Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Material Type), $Million, 2021-2031
Table 45: Product Matrix for Key Companies, Product Type
Table 46: Market Shares of Key Companies
Figure 1: Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber), $Million, 2021, 2022, and 2031
Figure 2: Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by End User), $Million, 2021 and 2031
Figure 3: Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Product Type), $Million, 2021 and 2031
Figure 4: Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) Market (by Material Type), $Million, 2021 and 2031
Figure 5: Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) (by Region), $Million, 2021 and 2031
Figure 6: Supply Chain Analysis of the Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
Figure 7: Aircraft Deliveries (by Region, Number of Aircraft), 2018-2022
Figure 8: NEC Corporation: R&D Expenditure ($Million), 2020-2022
Figure 9: Sumitomo Electric Industries, Ltd.: R&D Expenditure ($Million), 2019-2021
Figure 10: Asahi Kasei Corporation: R&D Expenditure ($Million), 2019-2021
Figure 11: Research Methodology
Figure 12: Top-Down and Bottom-Up Approach
Figure 13: Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber): Influencing Factors
Figure 14: Assumptions and Limitations
Asia-Pacific Next-Generation Optical Fiber Market Report Coverage
|
Asia-Pacific Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) |
|||
|
Base Year |
2021 |
Market Size in 2022 |
$17.3 Million |
|
Forecast Period |
2022-2031 |
Value Projection and Estimation by 2031 |
$104.3 Million |
|
CAGR During Forecast Period |
22.1% |
||
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent names established in this market are:
• NEC Corporation
• Sintec Optronics Pte Ltd
• Sterlite Technologies Limited
• Sumitomo Electric Industries, Ltd.
• Asahi Kasei Corporation
• Zhongshan Meisu Technology Co.,Ltd.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader to understand the different next-generation optical fibers, multicore fiber, and hollow core fiber, and the various material types, glass, and plastic involved in the production of next-generation optical fibers. Moreover, the study provides the reader with a detailed understanding of the Asia-Pacific next-generation optical fiber market (multicore and hollow core fiber) based on the end user (telecommunication, medical, aerospace and defense, and information technology, among others). Next-generation optical fibers are gaining traction in end-user industries on the back of high-speed and large-capacity data transmission requirements and are also being used in developing high-efficiency sensors and laser products.
Growth/Marketing Strategy: The Asia-Pacific next-generation optical fiber market (multicore and hollow core fiber) has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the Asia-Pacific next-generation optical fiber market (multicore and hollow core fiber).
Competitive Strategy: Key players in the Asia-Pacific next-generation optical fiber market (multicore and hollow core fiber) analyzed and profiled in the study involve next-generation optical fiber manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific next-generation optical fiber market (multicore and hollow core fiber) has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Introduction to Asia-Pacific Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
The Asia-Pacific next-generation optical fiber market (multicore and hollow core fiber) is projected to reach $104.3 million by 2031 from $17.3 million in 2022, growing at a CAGR of 22.1% during the forecast period 2022-2031. With the growing demand from end-user industries such telecommunications, information technology, medical devices, aerospace and defense, among others, it is expected that the need for next-generation optical fiber would increase. Moreover, it is projected that the market for next-generation optical fiber (multicore and hollow core fiber) will continue to grow during the projected period of 2022–2031, driven by the telecommunications industry's increasing adoption of these fibers as well as the growing demand for information technology products in several emerging economies, such as China and India. The next generation of optical fibers has more complicated designs and experience power attenuation, which is driving up component and installation costs. Additionally, the lack of qualified workers in the optical sector is working as a challenge to the growth.
Market Introduction
The need for next-generation optical fibers, such as hollow core and multicore fiber, is rising in the Asia-Pacific region. These cutting-edge optical fibers are widely sought after in a variety of industries, including information technology, aerospace and defense, medical, and telecommunications, since they provide improved data transmission capabilities with lower attenuation, dispersion, and distortion.
Particularly in the telecommunications sector, next-generation optical fibers have been widely used, opening doors for both established firms and fresh competitors. In the near future, it is anticipated that the influence of these advanced fibers on end-user sectors would increase from moderate to high as their application spreads throughout various industries. As the APAC region's industries—including telecommunications, medical, aerospace and defense, and information technology—become more and more prevalent, the demand and impact of next-generation optical fibers are anticipated to increase further.
Market Segmentation:
Segmentation 1: by End User
• Telecommunication
• Medical
• Aerospace and Defense
• Information Technology
• Others
Segmentation 2: by Material Type
• Glass
• Plastic
Segmentation 3: by Product Type
• Multicore Fiber
• Hollow Core Fiber
Segmentation 4: by Country
• Japan
• India
• South Korea
• Rest-of-Asia-Pacific and Japan
Asia-Pacific Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
Analysis and Forecast, 2022-2031
Some Faq's
Frequently Asked Questions
Hollow core and multicore fibers are examples of the newest developments in fiber optics technology. Multiple cores are included within a single fiber in multicore fiber designs, which provide higher capacity and fast data transfer. By enabling parallel communication, these fibers lower latency and enhance system performance in general. Conversely, hollow core fibers reduce signal loss from scattering and improve the quality of optical signals by using air or gas as the core rather than conventional glass. This technique is an interesting development in the realm of fiber optics since it provides reduced attenuation, reduced dispersion, and increased transmission quality. Because they enable quicker, more reliable, and efficient data transmission, these new technologies are transforming a number of industries, including information technology, aerospace and defense, medical, and telecommunications.
An optical fiber that has more than one core, or light-guiding cores, within a single strand is referred to as a multicore fiber (MCF). More signals can be transmitted over optical fiber at once thanks to its increased bandwidth capacity compared to conventional single-core optical fibers.
The fiber optic market is witnessing a surge in demand, fueled by the need for high-speed data transmission, network expansion, 5G deployment, cloud computing, IoT, and technological advancements.
The companies that produce and commercialize next-generation optical fibers, end-user sectors, research institutions, and regulatory bodies involved in the global next-generation optical fiber market (multicore and hollow core fiber) should buy this report.
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