Connect with us

Technology

Fiber Optics Market worth $6.8 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Sept. 2, 2024 /PRNewswire/ — The fiber optics market is expected to grow from USD 3.2 billion in 2024 to USD 6.8 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 16.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. This market’s growth is driven by growing internet penetration and data traffic, rising deployment of data center facilities worldwide, and increasing demand for high bandwidth. The increasing promotion of advanced technologies such as big data, machine learning, and Al analytics among internet users worldwide is expected to play a major role in driving the growth of the fiber optics market. The increasing multimedia consumption leads to massive data creation and replication worldwide. The rising amount of data generated is expected to increase the deployment of new fiber optic cables and subsystems. According to the Digital Economy Report 2021 by the United Nations Conference on Trade and Development (UNCTAD), about 64.2 zettabytes of data were created or replicated. Also, the global data creation and replication is expected to experience a 23% growth from 2020-2025. The rise in data creation is expected to increase the deployment and expansion of servers, storage racks, and data center facilities worldwide, fueling the fiber optics market growth from 2024 to 2029.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238443438

Browse in-depth TOC on “Fiber Optics Market” 
191 – Tables
60 – Figures
233 – Pages

Desiccant Dehumidifier Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 3.2 billion

Estimated Value by 2029

$ 6.8 billion

Growth Rate

Poised to grow at a CAGR of 16.4%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Fiber Type, Cable Type, Deployment, Application and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Installing fiber optics networks in difficult terrains and high cost of installation

Key Market Opportunities

Rising demand for fiber optics as replacement of copper cables

Key Market Drivers

Rising number of data center facilities worldwide

 

Glass segment is expected to grow at a high CAGR during the forecast period.

The glass segment is projected to have high growth rates over the forecast period. Glass optical fibers work efficiently in extreme temperatures, ranging from -40°F up to 900°F.Glass cores efficiently transfer light and allow higher speed transfers and are very useful in, long sensing distances. These optical fibers can achieve a narrow core diameter, i.e., for single mode (8-10) µm and 50-100 µm for multi-mode fiber. However, glass optical fibers are fragile and more likely to break if improperly handled. Installing these optical fibers requires highly trained technicians, and the tools for fiber termination are usually expensive.

Single-mode segment in fiber optics market is projected to be largest market size during the forecast period.

Single-mode optical fibers are extensively used for long-distance communications applications. To address this demand, key players in the fiber optics industry are entering into strategic partnerships and collaborating with other players to increase the production of single-mode fibers. YOFC (China), Corning Incorporated (US), Prysmian Group (Italy), Sumitomo Electric Industries, Ltd. (Japan), Furukawa Electric Co. Ltd. (Japan) and Hengtong Group Co., Ltd. (China) are some of the leading manufacturers of single-mode fiber optic cables.

Industrial application segment is projected to grow at fastest CAGR during the forecast period.

The market for the industrial application segment is projected to grow at the fastest CAGR from 2024 to 2029. An enormous amount of data is collected, transported, and analyzed between several nodes, such as machines, sensors, facilities, computers, data centers, and personnel at the manufacturing facilities, which requires high-bandwidth interconnections. Fiber optics is becoming the communication standard for networking all these devices. Favorable government investments to increase the development of intelligent factory infrastructure are expected to present growth opportunities to fiber optic vendors.

 Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=238443438

Asia Pacific likely to emerge as the largest fiber optics market over the forecast period.

Asia Pacific is projected to have the largest industry share of the fiber optics industry from 2024 to 2029. The rise in the number of smart cities will further increase the demand for smart transportation, smart utilities, smart buildings, and communication infrastructure—that invariably require fiber optic solutions. Also, rapid commercialization of 5G services across China, South Korea, and Japan is expected to create significant opportunities for the fiber optics market in the region.

Key players in the fiber optics companies include Corning Incorporated (US), Sumitomo Electric Industries, Ltd. (Japan), YOFC (China), LS Cable & System Ltd. (South Korea), Prysmian Group (Italy), Fujikura Ltd. (Japan, Furukawa Electric Co. Ltd. (Japan), Optical Cable Corporation (US), LS Cable & System Ltd. (South Korea), Proterial Cable America Inc., (US), ), LEONI (Germany),  Coherent Corporation (US), Hengtong Group Co., Ltd. (China), Finolex Cables Ltd. (India), CommScope Holding Company, Inc. (US), Sterlite Technologies Limited (India), ZTT (China), FiberHome Telecommunication Technologies Co., Ltd. (China), Aksh Optifibre (India), Art Photonics GmbH (Germany), RPG Cables (India), Nestor Cables (Finland), Orbis Oy (Finland), Birla Cable Ltd. (India), Belden Inc. (US), and Fiber Mountain(US) are among a few emerging companies in the fiber optics market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=238443438

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Submarine Cable Systems Market Size, Share & Industry Growth Analysis Report by Application (Communication Cable and Power Cable), Component (Dry Plant Products and Wet Plant Products) Offering, Voltage, Type (Single Core and Multicore), Insulation, End User and Region – Global Forecast to 2029

Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate, Application (Communications, Distributed Sensing, Lighting) and Region (2022-2027)

Fiber Optics Testing Market Size, Share, Statistics and Industry Growth Analysis with COVID-19 impact Analysis by Service Type (Testing, Inspection, Certification), Offering Type (In-House, Outsourced), Fiber Mode (Single Mode, Multimode), Application, Region – Global Forecast to 2025

VSaaS Market Size, Share & Industry Growth Analysis by Type (Hosted, Managed, Hybrid), Feature (AI-enabled VSaaS, Non-AI VSaaS), AI Visual Analysis (Object Detection & Recognition, Intrusion Detection, Facial Recognition, Anomaly Detection), Vertical & Region – Global Forecast to 2029

Fiber Optics Gyroscope Market by Sensing Axis (1, 2, and 3), Device (Gyrocompass, Inertial Measurement Unit, Inertial Navigation System, and Attitude Heading Reference System), Application, and Geography – Global Forecast to 2022

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/fiber-optics-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/fiber-optics.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg 

 

View original content:https://www.prnewswire.co.uk/news-releases/fiber-optics-market-worth-6-8-billion-by-2029—exclusive-report-by-marketsandmarkets-302235769.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

LYKSTAGE Launches Patented Video Platform That Pays Creators and Viewers — Now Live Across Five Countries

Published

on

By

MUMBAI, India, April 20, 2026 /PRNewswire/ — LYKSTAGE, a video-sharing platform owned by LYK Inc., a Delaware-based entity, and founded by New York-based entrepreneur Adris Chakraborty, is redefining how the creator economy works — with a patented monetization model no other platform can legally replicate.

Built by a technology team in India under Manhattan Tech Ventures, LYKSTAGE runs on a patented Watch-Time Monetization Model that fundamentally changes who earns from video content. Creators earn whenever their content’s watch time gets monetized — no subscriber minimums, no waiting periods, and no thresholds to cross before earning begins.

What makes the model unprecedented is that viewers earn too. Logged-in viewers are rewarded whenever their watch time gets monetized — when they watch content uninterrupted and the ad served during viewing is fully consumed. When that happens, the creator earns, the viewer is rewarded, and the platform earns. Every reward is funded by actual ad revenue — not venture capital subsidies. The model is entirely self-sustaining.

The platform serves both skippable and non-skippable ads, determined by an ad server algorithm that optimizes based on viewing patterns and content traction. For advertisers, impressions are served intelligently — matching the right ad format to the right moment, delivering higher completion rates and genuine attention.

LYKSTAGE is now live across five markets — India, the United States, the United Kingdom, Canada, and the UAE — and available on Samsung TV, LG TV, Roku, Apple TV, Android TV, Amazon Fire TV, desktop, mobile web, and native apps on both the App Store and Google Play Store.

Adris Chakraborty, a Kolkata-born Columbia Business School alumnus based in the US since 2003, co-founded Mediamorphosis Advertising & Technology Inc. in New York in 2006 with his spouse and business partner Poulami Mukherjee. The company expanded to the UK in 2012, followed by Manhattan Communications in India — building a multicultural advertising group spanning five countries with over 100 clients, providing LYKSTAGE with built-in advertiser relationships and market intelligence.

The platform has crossed over one million users across all markets, with more than 20,000 creators on board and growing across all five countries — achieved with minimal paid marketing.

LYKSTAGE is a transparent, patented system where the people who create the value are the ones who earn from it.

Sign up at:
Android – https://play.google.com/store/apps/details?id=com.lykstage.app
Apple – https://apps.apple.com/in/app/lykstage-video-streaming/id6754064834

Logo: https://mma.prnewswire.com/media/2960187/LYKSTAGE_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/lykstage-launches-patented-video-platform-that-pays-creators-and-viewers–now-live-across-five-countries-302746985.html

Continue Reading

Technology

Towngas and Tencent forge strategic partnership to drive “Energy + Tech” smart digital transformation

Published

on

By

HONG KONG, April 20, 2026 /PRNewswire/ — The Hong Kong and China Gas Company Limited (Towngas) and Tencent have signed a strategic partnership agreement in Hong Kong. The two companies will collaborate extensively on unified cloud resource management, digital platform development, large artificial intelligence (AI) models and applications, customer engagement enhancement, and R&D tool synergy. Together, they aim to drive the smart digital transformation of the energy sector.

The partnership dates back to 2020, when Towngas Lifestyle, the extended business division of Towngas, first teamed up with Tencent Cloud. In 2021, Towngas Energy, the Group’s renewable energy arm, worked with Tencent Cloud to build a smart energy ecosystem, which currently supports over a hundred integrated energy projects for the business segment. In 2023, Towngas Lifestyle and Tencent Cloud entered into a comprehensive strategic partnership spanning cloud platforms, big data, AI, and customer engagement, delivering one-stop lifestyle solutions to 46 million household customers across Hong Kong and the Chinese mainland. This latest agreement marks a comprehensive, group-level strategic partnership between Towngas and Tencent. It is designed to pool their resources, achieve cross-divisional synergy, drive quality and efficiency gains, and accelerate AI innovation.

Over the past six years, this collaboration has yielded remarkable results. Powered by Tencent Cloud, Towngas Lifestyle has upgraded the digital foundation and driven application innovation for its Towngas Lifestyle Cloud (TLC) platform. Furthermore, leveraging Tencent Cloud’s TBDS (Tencent Big Data Suite), it built the Towngas Analytics Platform (TAP), which currently supports big data applications for over 70 affiliated city-gas companies as well as its Hong Kong operations.

In terms of AI applications, Towngas Lifestyle has capitalised on Tencent’s AI computing power and large model technology to launch innovative tools such as smart safety inspections and AI service agents, significantly boosting the efficiency of frontline staff at gas companies. To better serve its customers, the company has deeply integrated Tencent’s WeCom to improve customer outreach. On the R&D front, Towngas Lifestyle has widely adopted Tencent’s AI development tools to streamline workflows. Moreover, the partners have successfully replicated their mainland successes in Hong Kong, completing the cross-border deployment of the TAP platform and advancing the upgrade of the city’s business systems.

Mr Peter Wong Wai-yee, Managing Director of Towngas, said: “Tencent’s leading position in AI and digital technology is obvious to all. Since 2020, the two parties have established a strong partnership, expanding from Towngas Lifestyle’s extended business to cooperation on the smart energy platform for the renewable energy segment, and gradually extending from the mainland to Hong Kong. As an enterprise with a 164-year history, Towngas has grown to possess a customer base of over 120 million since entering the mainland gas utility business in 1994. Facing such a massive number of customers, data security is of paramount importance. How to build a secure and efficient system for management and service has become a critical issue for business development. We are confident in joining hands with Tencent to co-build a secure and efficient digital system, comprehensively elevate the customer service experience and operational efficiency, and jointly pioneer more possibilities for ‘Energy + Tech’.”

Mr Dowson Tong, Senior Executive Vice President of Tencent and CEO of Tencent Cloud and Smart Industries Group, stated that as a household brand in Hong Kong, Towngas’s “customer-centric” service philosophy aligns closely with Tencent’s corporate mission of “Value for Users, Tech for Good”. Over the past six years, Tencent has engaged in deep collaboration with multiple segments under Towngas, empowering businesses with technology to achieve precise operations. Tencent looks forward to taking this exchange as a new starting point, further consolidating the “Cloud + AI” technological foundation based on existing cooperation, and deeply integrating Tencent’s digital capabilities with Towngas’s rich application scenarios. Through technological innovation, the goal is to achieve better customer service delivery and enhance operational efficiency, exploring a new path to sustainable development for the smart upgrade of the energy industry while ensuring data security and user privacy.

Looking ahead, the two companies will continue to deepen their collaboration in migrating core businesses to the cloud, co-building digital platforms, deploying large models and AI applications, and enhancing customer engagement. This will not only deliver a superior experience for gas customers but also set a benchmark for the high-quality transformational development of the energy industry.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/towngas-and-tencent-forge-strategic-partnership-to-drive-energy–tech-smart-digital-transformation-302746992.html

SOURCE Tencent Cloud

Continue Reading

Technology

DMEGC Solar Achieves EcoVadis Gold Medal, Underscoring Its Commitment to ESG Excellence

Published

on

By

JINHUA, China, April 20, 2026 /PRNewswire/ — On April 15, DMEGC Solar, a global leader in magnetic materials and renewable energy solutions, achieved a milestone breakthrough in sustainable development. With outstanding performance in environmental protection, social responsibility, and other key areas, the company earned a Gold Medal from the internationally recognized rating agency EcoVadis, scoring 82 points. This places DMEGC Solar in the top 3% of all rated companies worldwide, surpassing 97% of participants.

EcoVadis is a globally leading sustainability assessment platform, having rated over 150,000 companies across more than 250 industries and 185 countries. Its evaluation framework covers 21 indicators across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. The platform aims to assess the sustainability performance and social responsibility of companies within global supply chains.

DMEGC Solar participated in the assessment at the group level rather than as a single factory, demonstrating outstanding strength across all four dimensions. In the Labor & Human Rights dimension, the company has established a comprehensive employee rights protection system, strictly implemented occupational health and safety standards, and promoted employee development and career growth, ranking in the top 1% of its industry.

In the Sustainable Procurement dimension, the company has built a full-chain green supply chain management mechanism, collaborating with core suppliers to create a “cooperative carbon reduction” ecosystem. Initiatives such as packaging material recycling, green electricity usage, and localized collaborative production have enabled a low-carbon, traceable supply chain, also ranking in the top 1% of the industry.

Coupled with strong performances in environmental governance and business ethics, the company achieved an impressive score of 82, surpassing 97% of evaluated companies and earning the Gold Medal. This distinction places DMEGC Solar at the top in the global solar module manufacturers to receive such recognition.

This Gold Medal rating will for sure strengthen the company’s competitiveness in overseas markets. On one hand, its industry-leading ESG performance helps meet policy requirements related to sustainable supply chains, enhancing both the premium pricing of its products in international markets and its ability to secure orders. On the other hand, this recognition will boost customer and partner trust in the company’s brand, supporting the expansion of market share for its core products—such as photovoltaic modules, residential energy storage systems, and magnetic materials—while consolidating its market leadership.

Photo – https://mma.prnewswire.com/media/2960053/DMEGC_Solar_Achieves_EcoVadis_Gold_Medal__Underscoring_Its_Commitment_to_ESG_Excellence.jpg

View original content:https://www.prnewswire.co.uk/news-releases/dmegc-solar-achieves-ecovadis-gold-medal-underscoring-its-commitment-to-esg-excellence-302746991.html

Continue Reading

Trending