Photonic-crystal Fiber Market size is assessed at USD 54.1 Billion in 2024 and is expected to exceed USD 139.43 Billion by the end of 2037, expanding at over 7.63% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of photonic-crystal fiber is evaluated at USD 57.69 Billion.
This growth of the photonic-crystal fiber market is projected to be encouraged by the rising populace of 6G technologies which further encouraged upsurged investment in this field. For instance, as stated by the European Parliament Research Service, in the case of South Korea the Ministry of Science and ICT announced its K-Network 2030 strategy, intending to guard the best 6G technology across the globe. The ministry is poised to invest USD 0.45 billion under this project in R&D. Hence, the expansion of the photonic-crystal fiber (PCF) market is set to observe a surge.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.63% |
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Base Year Market Size (2024) |
USD 54.1 Billion |
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Forecast Year Market Size (2037) |
USD139.43 Billion |
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Regional synopsis |
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End User (IT & Telecommunications, Aerospace & Defense, Industrial, Lifesciences & Healthcare, Others)
IT & telecommunications segment in the photonic-crystal fiber market is set to cross USD 42.4 Billion by the end of 2037, up from a revenue generated in the year 2024 of USD 15.92 billion. PCFs are encouraging innovation in emerging technologies that include 5G wireless communications, IoT, and cloud computing.
By providing high-speed and reliable connection settings, the market makes the implementation of advanced communications networks as well as the adoption of IoT devices and cloud-based services possible. Hence, with the growing demand for internet connection, the segment is expanding. In the year 2021, ITU estimated that internet users across the globe were expanding by over 10% in the first year of the pandemic which was highest as compared to 2021. On account of this factor, the market is also expected to experience growth.
Transmission Mechanism (Index, Bandgap Guiding)
The index segment in photonic-crystal fiber market is anticipated to experience a rise in its revenue by the end of 2037, which is the largest in contrast to the year 2024. There have been growing innovations in manufacturing processes including stack-and-draw procedures and laser machining, which allow for fine control over the geometry and configurations of air holes that influence the index transmission mechanism. Therefore, this factor is estimated to significantly influence the segment growth.
Core Type (Solid, Hollow Core)
The solid segment in photonic-crystal fiber market is poised to generate the largest revenue over the forecast period. This growth of the segment is set to be dominated by the rising use of this segment in physical optic sensors. Furthermore, physical optic sensors are helpful to identify a variety of characteristics including temperature, vibration, and displacement; these kinds of sensors are critical for purposes such as structural monitoring of civil infrastructure.
As a result, with the growing construction activities, the segment is set to rise. Across the globe, in 2016 there were close to 794,431 built-up areas (BUAs). This number by 2022 is set to expand to over 849,406 residents. Additionally, over 2 million structures are projected to be manufactured by 2050.
Our in-depth analysis of the global market includes the following segments:
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Core Type |
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Transmission Mechanism |
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Application |
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End User |
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North American Market Statistics
North America photonic-crystal fiber market size is set to cross USD 39.85 Billion by 2037. This revenue is projected to reach USD 14.84 billion in the year 2024. This growth in the revenue of the market in this region is set to be influenced by the rising number of IoT-connected devices. By 2030, the number of IoT-connected devices is predicted to rise to over 6 billion. Hence, this has also boosted the adoption of photonic-crystal fiber in this region.
In this region, the market in the US for photonic-crystal fiber is set to capture the highest revenue over the forecast period on account of rising investment in AI.
Moreover, the Canadian market is also set to observe exponential growth along with the US owing to the rising adoption of the 5G network.
APAC Market Analysis
The Asia Pacific photonic-crystal fiber market is additionally estimated to grow over the forecast period. This could be on account of the growing urban population. For instance, according to UNICEF, the cities’ population in Asia is surging notably crossing close to 55 percent by 2030. Hence, this region is observing growth in smart city initiatives further encouraging market expansion.
Japan's market for photonic-crystal fiber in the Asia Pacific region is set to rise in gathering revenue of USD 0.02943 billion by the end of 2037. This could be owing to the rising development of communication infrastructure.
Additionally, with the advancements in healthcare technologies utilizing photonics in China, the photonic-crystal fiber (PCF) market in this area is also poised to experience growth over the forecast period.
Furthermore, the market in India is also growing with large number of people working from home who are additionally demanding high speed internet connection.
The key players in the field of photonic-crystal fiber market are predicted to have a significant impact on the market. This is because these players are investing and collaborating with a number of companies to improve their product outcomes. Some of them are:
Author Credits: Abhishek Verma
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