Current Sensor Market Forecasts to 2032 – Global Analysis By Sensing Method (Direct Current Sensing, and Indirect Current Sensing), Loop Type (Open Loop Current Sensors, and Closed Loop Current Sensors), Output Type (Analog Output, and Digital Output), Ci

According to Stratistics MRC, the Global Fiber Optics Market is accounted for $9.2 billion in 2025 and is expected to reach $20.5 billion by 2032 growing at a CAGR of 12.2% during the forecast period. Fiber optics is a technology that uses glass or plastic fibers to send data as light pulses. With little signal loss, these fibers can transport massive volumes of data over long distances. Fiber optics, which is widely used in medical imaging, internet services, and telecommunications, provides higher bandwidth and faster speeds than conventional copper cables, making it crucial for high-speed data transfer in contemporary communication networks.

According to sources, the total length of submarine fiber optic cables is estimated to be around 1.5 million kilometers.

Market Dynamics:

Driver:

Increasing deployment of 5g networks

The rapid expansion of 5G networks is a primary driver for the fiber optics market, as 5G infrastructure fundamentally relies on high-capacity, low-latency optical fiber connections. Fiber optics enable the transmission speeds and bandwidth necessary for 5G’s advanced applications, including IoT, autonomous vehicles, and ultra-high-definition streaming. Furthermore, governments and telecom operators are investing heavily in fiber deployments to support the backbone of 5G rollouts, accelerating demand for fiber optic cables globally. This trend is expected to continue, propelling sustained market growth.

Restraint:

Susceptibility to physical damage

Fiber optic cables are inherently susceptible to physical damage, which poses a significant restraint to market expansion. These cables, often installed underground or in exposed environments, can be disrupted by construction activities, rodent attacks, or natural disasters. Additionally, repairs and maintenance of damaged fiber optics are complex and costly, requiring specialized skills and equipment. This vulnerability increases operational risks and can deter potential adopters, especially in regions with challenging terrains or limited technical resources.

Opportunity:

Growing adoption in non-telecom industries

The adoption of fiber optics is expanding beyond traditional telecom sectors into industries such as healthcare, aerospace, defense, power utilities, and industrial automation. In healthcare, fiber optics support telemedicine and high-speed data transfer for imaging. In aerospace and defense, they enable secure, lightweight, and interference-resistant communications. Moreover, industries like manufacturing and energy are leveraging fiber optics for automation and real-time monitoring. This diversification of applications opens new revenue streams and drives market growth.

Threat:

Cybersecurity threats and fiber tapping

Fiber tapping involves unauthorized interception of data transmitted through optical fibers, potentially leading to data breaches and loss of sensitive information. As critical infrastructure and enterprise networks increasingly rely on fiber optics, the risk of sophisticated cyberattacks rises. Moreover, the detection and prevention of fiber tapping require advanced monitoring and security protocols, increasing operational complexity and costs for network operators and end-users.

Covid-19 Impact:

The Covid-19 pandemic initially disrupted the fiber optics market due to lockdowns, supply chain interruptions, and delayed project implementations. However, the surge in remote work, online education, and telemedicine created unprecedented demand for high-speed internet and robust digital infrastructure. This shift accelerated investments in fiber optic networks to support increased data traffic and digital services. As a result, the market demonstrated resilience, with post-pandemic recovery driven by heightened awareness of the need for reliable, high-bandwidth connectivity.

The single-mode fiber segment is expected to be the largest during the forecast period

The single-mode fiber segment is expected to account for the largest market share during the forecast period. This dominance is attributed to its superior performance in long-distance and high-bandwidth applications, making it the preferred choice for backbone networks, 5G infrastructure, and data centers. Furthermore, single-mode fibers offer lower attenuation and higher transmission speeds compared to multi-mode fibers, supporting the growing demand for high-speed internet, cloud computing, and advanced telecommunication services. The ongoing expansion of 5G and FTTH (fiber-to-the-home) projects further reinforces the segment’s leading position.

The transceivers segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the transceivers segment is predicted to witness the highest growth rate. The surge in demand for high-speed data transmission, the proliferation of data centers, and the rapid rollout of 5G networks are major factors driving this segment. Optical transceivers are critical components in modern networking, enabling efficient and reliable data exchange over fiber optic cables. Additionally, advancements in AI, edge computing, and IoT are fueling the need for next-generation, high-capacity transceiver modules, further accelerating market growth in this segment.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by rapid urbanization, government-led broadband initiatives, and substantial investments in digital infrastructure across countries like China, India, and Japan. The region’s booming digital economy, increased internet penetration, and rising demand for high-speed connectivity in both urban and rural areas underpin robust fiber optics adoption. Moreover, the proliferation of data centers, cloud computing, and IoT deployments further strengthens Asia Pacific’s position as the largest regional market for fiber optics.

Region with highest CAGR:

Over the forecast period, the Middle East & Africa region is anticipated to exhibit the highest CAGR, fueled by ambitious national digitalization strategies, expanding telecommunications infrastructure, and the adoption of advanced technologies such as AI, IoT, and 5G. Furthermore, increased investments from both public and private sectors, coupled with the need for high-speed, reliable connectivity to support economic diversification, are driving rapid expansion of fiber optic networks. This dynamic environment positions the region for exceptional growth in the global fiber optics market.

Key players in the market

Some of the key players in Fiber Optics Market include Prysmian Group, Corning Incorporated, Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., Fujikura Ltd., CommScope, Sterlite Technologies Limited (STL), Yangtze Optical Fibre and Cable Co., Ltd. (YOFC), Hengtong Optic-Electric Co., Ltd., Zhongtian Technology (ZTT), Nexans S.A., Alcatel Submarine Networks (ASN), Lumentum Holdings Inc., Infinera Corporation, Ciena Corporation, AFL Global, Belden Inc. and LS Cable & System.

Key Developments:

In May 2025, Fujikura launched non-metallic 2000-core and 3000-core SWR®/WTC® cables for Japan’s domestic market, enabling higher fiber density within limited conduit space.

In March 2025, Prysmian has agreed to acquire Channell Commercial Corporation (“Channell”), a leading connectivity solutions provider in the United States, for a total consideration of $950 million, subject to certain closing adjustments, and for a potential additional post-closing payment of up to $200 million based on Channell’s achievement of certain EBITDA targets for calendar year 2025. The transaction value represents a multiple of less than 8.0x 2024A EBITDA. The transaction is subject to customary closing conditions, including regulatory clearances, and is expected to close in the second quarter of 2025.

In March 2025, Sumitomo Electric and 3M announced an agreement for expanded beam optical (EBO) interconnect technology, targeting hyperscale data centers and edge computing. The new assemblies will debut at OFC 2025.

Fiber Types Covered:
• Single-mode Fiber
• Multimode Fiber
• Specialty Optical Fiber

Material Types Covered:
• Plastic Optical Fiber (POF)
• Glass Optical Fiber

Cable Types Covered:
• Loose-Tube Cables
• Tight-Buffer Cables
• Ribbon Cables

Components Covered:
• Optical Fiber/Cable
• Connectors
• Optical Transmitters
• Optical Receivers
• Amplifiers
• Other Related Equipment

Fiber Counts Covered:
• Up to 144 Fibers
• 145 to 432 Fibers
• 433 to 864 Fibers
• Above 864 Fibers

Deployments Covered:
• Underground
• Underwater
• Aerial

Applications Covered:
• Communication
• Non-Communication

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements