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Asia-Pacific Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber): Analysis and Forecast, 2022-2031

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    Report

  • 96 Pages
  • December 2023
  • Region: Asia Pacific
  • BIS Research
  • ID: 5914392
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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

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.

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.


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Table of Contents

1 Markets
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 Regions
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 Markets - Competitive Benchmarking & Company Profiles
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 Research Methodology
4.1 Primary Data Sources
4.2 Data Sources
4.3 Assumptions and Limitations
List of Figures
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
List of Tables
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

Executive Summary

The Asia-Pacific next-generation optical fiber market (multicore and hollow core fiber) (excluding China) is estimated to reach $104.3 million by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 22.1% during the forecast period 2022-2031.

The increasing adoption of 5G and mobile traffic per smartphone is projected to drive the growth of the next-generation optical fiber market (multicore and hollow core fiber) during the forecast period of 2022-2031.

USPs of report

Market ranking analysis based on product portfolios and recent developments

  • Analysis of business drivers and challenges of the Asia-Pacific Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
  • Detailed analysis of Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber) for Japan, South Korea and India

Market segregation based on product type, material type, and end user

Analyst’s Perspective on Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)

The Principal Analyst states, 'Next-generation optical fibers play a significant role in telecommunications, medical, aerospace and defense, and information technology, as well as other applications. Next-generation optical fibers have been adopted by these end users, as it offers the high-speed and large-capacity data transmission which is required in these industries with increasing data usage by individuals globally. Also, the adoption of advanced technologies such as 5G in the telecommunications industry, increasing demand for advanced and highly efficient sensors and lasers in the medical industry, and growing adoption of smart electronic devices are anticipated to drive market growth over the forecast period.'

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.

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the Asia-Pacific next-generation optical fiber market (multicore and hollow core fiber)?
  • Which applications (by end users) and products (by product type, by material type) segments are leading in terms of consumption of the next-generation optical fiber market (multicore and hollow core fiber), and which of them are expected to witness high demand growth during 2021-2031?
  • Who are the prominent players catering to the demand for the next-generation optical fiber market
(multicore and hollow core fiber), and what are the key offerings?

Companies Mentioned

  • NEC Corporation
  • Sintec Optronics Pte Ltd
  • Sterlite Technologies Limited
  • Sumitomo Electric Industries, Ltd.
  • Asahi Kasei Corporation
  • Zhongshan Meisu Technology Co.,Ltd.

Table Information

Report AttributeDetails
No. of Pages96
PublishedDecember 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 17.3 Million
Forecasted Market Value ( USD ) by 2031 $ 104.3 Million
Compound Annual Growth Rate22.1%
Regions CoveredAsia Pacific
No. of Companies Mentioned6

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