(EMAILWIRE.COM, November 16, 2018 ) The fiber optic components market is likely to witness high growth in the coming years because of the technological advancements in the area of cloud computing and increasing demand for high bandwidth for telecommunication, virtualization, cloud, and big data applications. The fiber optic components market is expected to grow from USD 15.41 Billion in 2017 to USD 27.60 Billion by 2023, at a CAGR of 10% between 2018 and 2023. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. The objective of the report is to provide a detailed analysis of the fiber optic components market on the basis of type, data rate, application, and geography. The report provides detailed information regarding the major factors influencing the growth of the fiber optic components market. The report also provides a detailed overview of the value chain of the fiber optic components market.

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Fiber optic components market for AOCs expected to grow at the highest rate during the forecast period

The market for AOCs is expected to grow at the highest CAGR between 2018 and 2023. The cloud technology has developed rapidly with the beginning of the big-data age. To satisfy the demands of higher bandwidth and more applications in a variety of cloud computing environments, active optical cables (AOCs) have been developed.

Fiber optic components market for 100G expected to lead the fiber optic components market between 2018 and 2023

The fiber optic components market for 100G is expected to hold the largest share by 2023. The market for 100G data rate is growing as it offers high-speed, increased data rate, predefined user configuration, and complete automation capabilities.

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Communications application expected to lead the fiber optic components market between 2018 and 2023

Among various applications, the communications application expected to account for the largest size of the overall fiber optic components market between 2018 and 2023. The growth of this market can be attributed to the mass utilization of digital technologies and applications in telecommunications, data centers, and enterprises. Also, positive trends in broadband and big data management are also driving the growth of the communications application. With all this development in the communications application, the demand for fiber optic components would also rise.

APAC expected to lead the fiber optic components market between 2018 and 2023

APAC is expected to hold the largest size of the fiber optic components market during the forecast period. The rising industrialization and infrastructural development in this region have offered enormous opportunities for the use of fiber optic components across various applications in APAC.

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Players operating in the fiber optic components market are Finisar (US), Lumentum (US), Broadcom (US), Sumitomo Electric (Japan), and Accelink Technologies (China), Acacia Communications (US), EMCORE (US), Fujitsu Optical Components (Japan), Furukawa Electric (Japan), and II-VI (US).

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