Introduction to Hollow Core Optical Fiber Market
The demand for hollow core optical fiber is anticipated to grow with the increasing demand from end-user industries such as telecommunications, information technology, medical devices, and aerospace and defense. Furthermore, it is anticipated that during the forecast period 2023-2032, the increasing adoption of hollow core optical fibers in the telecommunications industry and growing information technology products in several emerging economies, including China, India, and others, are expected to further fuel the advancement of the global hollow core optical fiber market. The increasing demand for 5G mobile networks is also contributing to the growth in the hollow core optical fiber market. The increasing use of smart technologies, as well as the rapid development of high-speed mobile communication standards, such as LTE or 5G, are driving demand for hollow core optical fiber. However, one major challenge associated with the widespread adoption of hollow core optical fibers is their high installation cost. Furthermore, the shortage of skilled workforce in the optics industry is acting as a challenge to the growth of the hollow core optical fiber market.
Market Lifecycle Stage
The global hollow core optical fiber market is in the growth phase. Increased investment and research and development activities are expected to boost the market. Furthermore, due to high demand from end-user industries and rising need for high-speed and large-capacity data transmission, the growing adoption of smart electronic devices globally is expected to increase the demand for optical fibers, thereby bolstering the growth of the global hollow core optical fiber market. Moreover, the market is expected to benefit from the growing implementation of advanced and efficient telecommunication technologies such as 5G, which promotes market expansion.
Industrial Impact
• Hollow core optical fiber market offers high-speed and large-capacity data transmission with reduced attenuation, dispersion, and distortion, among others. As a result, these advanced optical fibers are getting prominence in a variety of industries, including telecommunications, medical, aerospace and defense, and information technology, among others. One area where implementation has been significantly greater is the telecommunications industry, which has created opportunities for both existing market participants and market entrants.
• Furthermore, hollow core optical fibers have a moderate to high impact on end-user industries. However, in the upcoming future, with the increasing penetration of telecommunications, medical, aerospace and defense, information technology, and other industries, the impact is anticipated to increase.
Impact of COVID-19
COVID-19 had an immediate and significant impact on the global hollow core optical fiber market because of country-wide shutdowns of manufacturing sites, labor shortages, and disruptions in supply and demand chains globally, which distorted the market. The lockdowns imposed by the governments significantly reduced raw material productivity due to a shortage of operations in many regions throughout the world. The telecommunications, medical, aerospace and defense, information technology, and other end-user sectors have been in a slowdown for the last couple of years. The global demand for hollow core optical fibers has been severely impacted by these market downturns in the end-user industries. However, the market is anticipated to recover and is expected to rise gradually over the forecast period.
Market Segmentation:
Segmentation 1: by End User
• Telecommunication
• Aerospace and Defense
• Information Technology
• Medical
• OthersThe telecommunications industry is one of the prominent end user segments in the global hollow core optical fiber market.
Segmentation 2: by Material Type
• Glass
• PlasticThe global hollow core optical fiber market is estimated to be led by the glass segment in terms of material type.
Segmentation 3: by Region
• North America - U.S., Canada, and Mexico
• Europe - Germany, France, Italy, Spain, and Rest-of-Europe
• U.K.
• China
• Asia-Pacific and Japan - Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan
• Rest-of-the-World - South America and Middle East and AfricaIn the hollow core optical fiber market, North America is anticipated to gain traction in terms of hollow core optical fiber production, owing to the continuous growth in the adoption of advanced telecommunications technologies such as 5G and the presence of key manufacturers in the regions.
Some of the prominent established names in this market are:
Company Type 1 (by Material Type): Glass
• Advanced Glass Industries
• Silchem Inc.
• Cincinnati Gasket & Industrial Glass
• Lumenisity
• IDIL Fibres Optique
• OFS Fitel LLC
• Asahi KaseiCompany Type 2 (by Material Type): Plastic
• OFS Fitel LLC
• Lumenisity
• National Plastics & Seals, Inc.
• IDIL Fibres Optique
• IXBlue
• GLOphotonics SAS
• IRFlex Corporation
Hollow Core Optical Fiber Market Forecast (2023-2033)
Table of Contents
Executive Summary
Scope of the Study
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 Global Hollow Core Optical Fiber Market
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory/Certification Bodies
1.1.3.3 Government Programs
1.1.3.4 Programs by Research Institutions and Universities
1.1.4 Technological Advancements in the Global Hollow Core Optical Fiber Market
1.1.5 Comparison between Hollow Core Optical 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 the Defense and Security Industry
1.2.5.2 Increasing Global 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 Application
2.1 Global Hollow Core Optical Fiber Market (End User and Specifications)
2.1.1 Global Hollow Core Optical Fiber Market (by End User)
2.1.1.1 Telecommunication
2.1.1.2 Aerospace and Defense
2.1.1.3 Information Technology
2.1.1.4 Medical
2.1.1.5 Others
2.2 Demand Analysis of Global Hollow Core Optical Fiber Market (by End User), Volume and Value Data
3 Products
3.1 Global Hollow Core Optical Fiber Market (by Material Type)
3.1.1 Glass
3.1.2 Plastic
3.2 Demand Analysis of Global Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
3.3 Patent Analysis
3.4 Average Global and Regional Level Pricing Analysis
...
4.1.4.2.2.1 Canada Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.1.4.2.3 Products
4.1.4.2.3.1 Canada Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.1.4.3 Mexico
4.1.4.3.1 Market
4.1.4.3.1.1 Buyer Attributes
4.1.4.3.1.2 Key Producers and Suppliers in Mexico:
4.1.4.3.1.3 Business Drivers
4.1.4.3.1.4 Business Challenges
4.1.4.3.2 Applications
4.1.4.3.2.1 Mexico Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.1.4.3.3 Products
4.1.4.3.3.1 Mexico Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.2 Europe
4.2.1 Market
4.2.1.1 Key Manufacturers/Suppliers in Europe
4.2.1.2 Business Drivers
4.2.1.3 Business Challenges
4.2.2 Applications
4.2.2.1 Europe Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.2.3 Products
4.2.3.1 Europe Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.2.4 Europe (by Country)
4.2.4.1 Germany
4.2.4.1.1 Market
4.2.4.1.1.1 Buyer Attributes
...
4.2.4.4.2.1 Spain Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.2.4.4.3 Products
4.2.4.4.3.1 Spain Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.2.4.5 Rest-of-Europe (RoE)
4.2.4.5.1 Market
4.2.4.5.1.1 Buyer Attributes
4.2.4.5.1.2 Key Producers and Suppliers in Rest-of-Europe
4.2.4.5.1.3 Business Drivers
4.2.4.5.1.4 Business Challenges
4.2.4.5.2 Applications
4.2.4.5.2.1 Rest-of-Europe Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.2.4.5.3 Products
4.2.4.5.3.1 Rest-of-Europe Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.3 U.K.
4.3.1 Market
4.3.1.1 Buyer Attributes
4.3.1.2 Key Producers and Suppliers in the U.K.
4.3.1.3 Business Drivers
4.3.1.4 Business Challenges
4.3.2 Applications
4.3.2.1 U.K. Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.3.3 Products
4.3.3.1 U.K. Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.4 China
4.4.1 Market
4.4.1.1 Buyer Attributes
4.4.1.2 Key Producers and Suppliers in China
4.4.1.3 Business Drivers
4.4.1.4 Business Challenges
4.4.2 Applications
4.4.2.1 China Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.4.3 Products
4.4.3.1 China Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.5 Asia-Pacific and Japan
4.5.1 Market
4.5.1.1 Key Producers and Suppliers in Asia-Pacific and Japan
4.5.1.2 Business Drivers
4.5.1.3 Business Challenges
4.5.2 Applications
4.5.2.1 Asia-Pacific and Japan Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.5.3 Products
4.5.3.1 Asia-Pacific and Japan Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.5.4 Asia-Pacific and Japan (by Country)
4.5.4.1 Japan
4.5.4.1.1 Market
4.5.4.1.1.1 Buyer Attributes
4.5.4.1.1.2 Key Producers and Suppliers in Japan
4.5.4.1.1.3 Business Drivers
4.5.4.1.1.4 Business Challenges
4.5.4.1.2 Applications
4.5.4.1.2.1 Japan Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.5.4.1.3 Products
4.5.4.1.3.1 Japan Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
4.5.4.2 South Korea
4.5.4.2.1 Market
4.5.4.2.1.1 Buyer Attributes
4.5.4.2.1.2 Key Producers and Suppliers in South Korea
4.5.4.2.1.3 Business Drivers
4.5.4.2.1.4 Business Challenges
4.5.4.2.2 Applications
4.5.4.2.2.1 South Korea Hollow Core Optical Fiber Market (by End User), Volume and Value Data
4.5.4.2.3 Products
4.5.4.2.3.1 South Korea Hollow Core Optical Fiber Market (by Material ...
4.6.4.2.3 Products
4.6.4.2.3.1 Middle East and Africa Hollow Core Optical Fiber Market (by Material Type), Volume and Value Data
5 Markets – Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.1.1 Competitive Position Matrix
5.1.2 Market Share Analysis of Key Companies
5.2 Company Profiles
5.2.1 Newport Corporation
5.2.1.1 Company Overview
5.2.1.2 Role of Newport Corporation in the Hollow Core Optical Fiber Market
5.2.1.2.1 Product Portfolio
5.2.1.2.2 Production Sites
5.2.1.3 Analyst View
5.2.2 OFS Fitel, LLC
5.2.2.1 Company Overview
5.2.2.2 Role of OFS Fitel, LLC in the Hollow Core Optical Fiber Market
5.2.2.2.1 Product Portfolio
5.2.2.2.2 Production/Operation Sites
...
5.2.13.3 Analyst View
6 Research MethodologyGet a free sample report
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