The North America Plastic Optic Fiber Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030).
Ongoing research and development efforts are focused on improving the materials used in POF. Innovations in polymer materials aim to enhance POF's performance, durability, and reliability, making it more competitive with traditional glass optical fibers. Advancements in materials contribute to expanding the range of applications for POF. POF-based sensors are emerging as a notable trend in the market. The flexibility and sensitivity of POF make it an ideal platform for sensor applications in various industries. POF sensors are being developed for applications such as temperature sensing, pressure sensing, and environmental monitoring, contributing to the growth of the sensor industry.
The development of smart cities, characterized by interconnected devices and efficient communication networks, is driving the adoption of POF. Its ease of installation, high bandwidth, and reliability make POF a suitable solution for building the communication infrastructure required for smart city initiatives. POF's ease of installation, flexibility, and cost-effectiveness make it attractive for homeowners seeking efficient connectivity solutions for smart homes and connected devices. Educational initiatives and increased awareness about the benefits of POF have played a role in driving its adoption. As professionals and decision-makers become more informed about the advantages of POF, industries are more likely to embrace this technology as a viable alternative to traditional optical fibers.
POF can connect and manage distributed energy resources, supporting communication between solar panels, energy storage systems, and other DER components in Mexico. This enhances the coordination and optimization of energy generation and distribution in Mexico. POF can be considered for connectivity solutions within energy storage systems, supporting communication between different system components in Mexico. Also, it can enhance telemedicine services, allowing for high-speed and reliable data transmission in Mexico. This can improve remote consultations, monitoring, and communication between healthcare professionals and patients in Mexico. It can be utilized in medical imaging devices, such as endoscopes and other diagnostic tools in Mexico. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Plastic Optic Fiber Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,386.9 Million by 2030. The Canada market is showcasing a CAGR of 10% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 9% during (2023 - 2030).
Free Valuable Insights: The Plastic Optic Fiber Market is Predict to reach USD 8.6 billion by 2030, at a CAGR of 8.4%
Based on Cable Type, the market is segmented into Single Mode, and Multi Mode. Based on End-Use Industry, the market is segmented into IT & Telecommunication, Energy & Power, Aerospace & Defense, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Corning Incorporated
- Prysmian Group
- Sumitomo Electric Industries, Ltd.
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
- Fujikura Ltd.
- Leoni AG
- Hengtong Group Co., Ltd.
- Finolex Cables Ltd. (Finolex Group)
- PCT International, Inc.
- Coherent Corp.
North America Plastic Optic Fiber Market Report Segmentation
By Cable Type
By End-Use Industry
- IT & Telecommunication
- Energy & Power
- Aerospace & Defense
- Healthcare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Plastic Optic Fiber Market, by Cable Type
1.4.2 North America Plastic Optic Fiber Market, by End-Use Industry
1.4.3 North America Plastic Optic Fiber Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Plastic Optic Fiber Market by Cable Type
4.1 North America Single Mode Market by Country
4.2 North America Multi Mode Market by Country
Chapter 5. North America Plastic Optic Fiber Market by End-Use Industry
5.1 North America IT & Telecommunication Market by Country
5.2 North America Energy & Power Market by Country
5.3 North America Aerospace & Defense Market by Country
5.4 North America Healthcare Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Plastic Optic Fiber Market by Country
6.1 US Plastic Optic Fiber Market
6.1.1 US Plastic Optic Fiber Market by Cable Type
6.1.2 US Plastic Optic Fiber Market by End-Use Industry
6.2 Canada Plastic Optic Fiber Market
6.2.1 Canada Plastic Optic Fiber Market by Cable Type
6.2.2 Canada Plastic Optic Fiber Market by End-Use Industry
6.3 Mexico Plastic Optic Fiber Market
6.3.1 Mexico Plastic Optic Fiber Market by Cable Type
6.3.2 Mexico Plastic Optic Fiber Market by End-Use Industry
6.4 Rest of North America Plastic Optic Fiber Market
6.4.1 Rest of North America Plastic Optic Fiber Market by Cable Type
6.4.2 Rest of North America Plastic Optic Fiber Market by End-Use Industry
Chapter 7. Company Profiles
7.1 Corning Incorporated
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Prysmian Group
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Sumitomo Electric Industries, Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Yangtze Optical Fibre and Cable Joint Stock Limited Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Fujikura Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Leoni AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 Hengtong Group Co., Ltd.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Finolex Cables Ltd. (Finolex Group)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 SWOT Analysis
7.9 PCT International, Inc.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Coherent Corp.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 SWOT Analysis
TABLE 1 North America Plastic Optic Fiber Market, 2019 - 2022, USD Million
TABLE 2 North America Plastic Optic Fiber Market, 2023 - 2030, USD Million
TABLE 3 North America Plastic Optic Fiber Market by Cable Type, 2019 - 2022, USD Million
TABLE 4 North America Plastic Optic Fiber Market by Cable Type, 2023 - 2030, USD Million
TABLE 5 North America Single Mode Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Single Mode Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Multi Mode Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Multi Mode Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Plastic Optic Fiber Market by End-Use Industry, 2019 - 2022, USD Million
TABLE 10 North America Plastic Optic Fiber Market by End-Use Industry, 2023 - 2030, USD Million
TABLE 11 North America IT & Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 12 North America IT & Telecommunication Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Energy & Power Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Energy & Power Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Aerospace & Defense Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Plastic Optic Fiber Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Plastic Optic Fiber Market by Country, 2023 - 2030, USD Million
TABLE 23 US Plastic Optic Fiber Market, 2019 - 2022, USD Million
TABLE 24 US Plastic Optic Fiber Market, 2023 - 2030, USD Million
TABLE 25 US Plastic Optic Fiber Market by Cable Type, 2019 - 2022, USD Million
TABLE 26 US Plastic Optic Fiber Market by Cable Type, 2023 - 2030, USD Million
TABLE 27 US Plastic Optic Fiber Market by End-Use Industry, 2019 - 2022, USD Million
TABLE 28 US Plastic Optic Fiber Market by End-Use Industry, 2023 - 2030, USD Million
TABLE 29 Canada Plastic Optic Fiber Market, 2019 - 2022, USD Million
TABLE 30 Canada Plastic Optic Fiber Market, 2023 - 2030, USD Million
TABLE 31 Canada Plastic Optic Fiber Market by Cable Type, 2019 - 2022, USD Million
TABLE 32 Canada Plastic Optic Fiber Market by Cable Type, 2023 - 2030, USD Million
TABLE 33 Canada Plastic Optic Fiber Market by End-Use Industry, 2019 - 2022, USD Million
TABLE 34 Canada Plastic Optic Fiber Market by End-Use Industry, 2023 - 2030, USD Million
TABLE 35 Mexico Plastic Optic Fiber Market, 2019 - 2022, USD Million
TABLE 36 Mexico Plastic Optic Fiber Market, 2023 - 2030, USD Million
TABLE 37 Mexico Plastic Optic Fiber Market by Cable Type, 2019 - 2022, USD Million
TABLE 38 Mexico Plastic Optic Fiber Market by Cable Type, 2023 - 2030, USD Million
TABLE 39 Mexico Plastic Optic Fiber Market by End-Use Industry, 2019 - 2022, USD Million
TABLE 40 Mexico Plastic Optic Fiber Market by End-Use Industry, 2023 - 2030, USD Million
TABLE 41 Rest of North America Plastic Optic Fiber Market, 2019 - 2022, USD Million
TABLE 42 Rest of North America Plastic Optic Fiber Market, 2023 - 2030, USD Million
TABLE 43 Rest of North America Plastic Optic Fiber Market by Cable Type, 2019 - 2022, USD Million
TABLE 44 Rest of North America Plastic Optic Fiber Market by Cable Type, 2023 - 2030, USD Million
TABLE 45 Rest of North America Plastic Optic Fiber Market by End-Use Industry, 2019 - 2022, USD Million
TABLE 46 Rest of North America Plastic Optic Fiber Market by End-Use Industry, 2023 - 2030, USD Million
TABLE 47 Key Information – Corning Incorporated
TABLE 48 Key Information – Prysmian Group
TABLE 49 Key Information – Sumitomo Electric Industries, Ltd.
TABLE 50 Key Information – Yangtze Optical Fibre and Cable Joint Stock Limited Company
TABLE 51 Key Information – Fujikura Ltd.
TABLE 52 Key Information – Leoni AG
TABLE 53 Key Information – HENGTONG GROUP CO., LTD.
TABLE 54 Key Information – Finolex Cables Ltd.
TABLE 55 Key Information – PCT International, Inc.
TABLE 56 Key Information – Coherent Corp.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Plastic Optic Fiber Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Plastic Optic Fiber Market
FIG 4 Porter’s Five Forces Analysis – Plastic Optic Fiber Market
FIG 5 North America Plastic Optic Fiber Market share by Cable Type, 2022
FIG 6 North America Plastic Optic Fiber Market share by Cable Type, 2030
FIG 7 North America Plastic Optic Fiber Market by Cable Type, 2019 - 2030, USD Million
FIG 8 North America Plastic Optic Fiber Market share by End-Use Industry, 2022
FIG 9 North America Plastic Optic Fiber Market share by End-Use Industry, 2030
FIG 10 North America Plastic Optic Fiber Market by End-Use Industry, 2019 - 2030, USD Million
FIG 11 North America Plastic Optic Fiber Market share by Country, 2022
FIG 12 North America Plastic Optic Fiber Market share by Country, 2030
FIG 13 North America Plastic Optic Fiber Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Corning Incorporated
FIG 15 SWOT Analysis: Prysmian Group
FIG 16 SWOT Analysis: Sumitomo Electric Industries, Ltd
FIG 17 SWOT Analysis: YANGTZE OPTICAL FIBRE AND CABLE JOINT STOCK LIMITED COMPANY
FIG 18 SWOT Analysis: Fujikura Ltd.
FIG 19 SWOT Analysis: Leoni AG
FIG 20 SWOT Analysis: HENGTONG GROUP CO., LTD.
FIG 21 SWOT Analysis: Finolex Cables Ltd.
FIG 22 SWOT Analysis: PCT International, Inc.
FIG 23 SWOT Analysis: Coherent Corp.