Introduction to Asia-Pacific Next-Generation Optical Fiber Market (Multicore and Hollow Core Fiber)
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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