Hollow Core Optical Fiber Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

Hollow Core Optical Fiber Industry Prospective:

The global hollow core optical fiber market size was worth around USD 132.47 million in 2023 and is predicted to grow to around USD 916.52 million by 2032 with a compound annual growth rate (CAGR) of roughly 23.98% between 2024 and 2032.

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Hollow Core Optical Fiber Market: Overview

An optical fiber with a hollow core is one in which air or another gas is present in place of the solid core, through which light travels. As a result, the fiber core has a low refractive index area that minimizes light loss and dispersion during transmission. To keep the light inside the core contained, a cladding material is usually placed around the core. This kind of fiber is ideal for a variety of applications, such as high-power laser delivery, gas sensing, and telecommunications, since it has special qualities not seen in solid-core fibers, such as exceptionally low nonlinearities and dispersion. The hollow core optical fiber market is being driven by several factors including the growing telecommunication industry, technological advancements, high power handling capability, increasing demand in gas sensing applications, rising collaboration and many others.

Key Insights

• As per the analysis shared by our research analyst, the global hollow core optical fiber market is estimated to grow annually at a CAGR of around 23.98% over the forecast period (2024-2032).
• In terms of revenue, the global hollow core optical fiber market size was valued at around USD 132.47 million in 2023 and is projected to reach USD 916.52 million, by 2032.
• The growing collaboration is expected to drive market growth over the forecast period.
• Based on the material type, the glass segment is expected to dominate the market during the forecast period.
• Based on the end user, the telecommunication segment is expected to capture the largest market share over the forecast period.
• Based on region, North America is expected to dominate the market during the forecast period.

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Hollow Core Optical Fiber Market: Growth Drivers

Favorable properties drive market growth

The favorable properties of hollow core optical fiber including low loss and dispersion, high power handling capacity and others are expected to drive the market growth over the forecast period. Comparing hollow core fibers to conventional solid-core fibers, the former offers far less loss and dispersion. This makes them appealing for applications like data transfer and telecommunications where reducing signal deterioration is essential. High power levels can also be handled by these fibers without experiencing nonlinear effects that could deteriorate the quality of the transmission. Because of this, they are perfect for use in high-power laser delivery systems, where conventional fibers could cause optical damage. Furthermore, it is possible to design hollow core fibers so that they can guide light in the visible, near-infrared, and mid-infrared ranges. Their adaptability renders them advantageous in several domains like sensing, medical imaging, and spectroscopy. Therefore, driving the industry growth.

Hollow Core Optical Fiber Market: Restraints

High cost and limited commercial availability hinder market growth

Compared to conventional solid-core fibers, fabricating hollow core fibers with exact dimensions and low loss properties can be difficult and costly. The expansion of the market may be impacted by scalability limitations and increased production costs resulting from the specialized equipment and techniques needed for manufacturing. Furthermore, hollow core fibers are not as commonly accessible as regular fibers, despite their advantages. Their limited commercial availability could prevent them from being adopted in some industries and applications, especially for large-scale production. Thus, this is expected to hamper the market growth.

Hollow Core Optical Fiber Market: Opportunities

Rising collaboration offers a lucrative opportunity for market growth

The increasing collaboration is expected to offer a lucrative opportunity for market growth over the forecast period. For instance, in July 2023, a Multi-institutional collaboration on hollow-core fiber was led by ICCS researchers. Optical Networks Group (ONG) researchers at ICCS are leading a multi-institutional research effort that is developing unique technology to advance optically switched data center interconnects. Researchers from the Chinese University of Hong Kong - Shenzhen, the Optoelectronics Research Centre (ORC) at the University of Southampton, and the Optical Networks Group (ONG) at UCL have collaborated in a ground-breaking way to present ground-breaking research that represents a major turning point in the development of fast optical wavelength switching for data center interconnect technology.

Hollow Core Optical Fiber Market: Challenges

Competition from alternative technology poses a major challenge to market expansion

For some applications, other technologies like silicon photonics and free-space optics with waveguides made of different materials might perform as well as or better. The widespread use of hollow core fibers may be hampered by competition from these technologies.

Hollow Core Optical Fiber Market: Segmentation

The global hollow core optical fiber industry is segmented based on material type, end user and region.

Based on the material type, the global hollow core optical fiber market is bifurcated into plastic and glass. The glass segment is expected to dominate the market during the forecast period. An increasing number of data-intensive applications, including streaming services, cloud computing, and 5G networks, are driving up demand for optical fibers with fast data transmission speeds. With benefits like minimal dispersion and low latency, hollow core fibers—including glass fibers—are a desirable option for next-generation telecommunications infrastructure. Furthermore, new uses for hollow core fibers, especially those composed of glass, are emerging in metrology and sensing. Their capacity to direct light through gases, such as air, allows for precise control over the interactions between light and matter, which makes them appropriate for use in environmental monitoring, gas sensing, and precision measurement systems, among other uses. The hollow core optical fiber market's glass segment is seeing revenue growth due in part to the increasing demand for these applications.

Based on the end user, the global hollow core optical fiber industry is segmented into aerospace and defense, telecommunication, information technology, medical and others. The telecommunication segment is expected to capture the largest market share over the forecast period. There is a growing need for high-capacity, low-latency communication solutions as 5G networks are deployed. The low dispersion and low latency characteristics of hollow core optical fibers make them ideal for 5G networks' high data throughput and demanding performance standards. Hollow core fiber demand is anticipated to rise as telecom companies modernize their networks to accommodate 5G, supporting market revenue growth.

Hollow Core Optical Fiber Market Report Scope

Regional Analysis

North America is expected to dominate the market during the forecast period

North America is expected to dominate the market over the forecast period. The regional market growth is attributed to the rising investment in 5G infrastructure. For instance, according to the data published by the 5G Americas, In terms of 5G adoption, North America is at the forefront, with 176 million connections as of Q3 2023. This indicates a 14.0% quarter-over-quarter increase in connections, or 22 million new ones, in the most recent quarter. This indicates the region's strong commitment to developing 5G technology, as seen by its 26 percent market share and 46 percent penetration rate. Several national carriers operating in the region have either already implemented 5G Standalone networks or are now in the process of doing so. Furthermore, the development of the hollow core optical fiber market in North America is being aided by government funding and support for R&D projects in the fields of photonics and optical communications. The advancement of critical enabling technologies and the promotion of technical innovation through funding programs, grants, and incentives are propelling growth and acceptance in the region.

Hollow Core Optical Fiber Market: Competitive Analysis

The global hollow core optical fiber market is dominated by players like:

• Cincinnati Gasket & Industrial Glass
• Advanced Glass Industries
• Silchem Inc.
• Lumenisity
• OFS Fitel LLC
• IDIL Fibres Optique
• Asahi Kasei
• Lumenisity
• OFS Fitel LLC
• National Plastics & Seals Inc.
• IDIL Fibres Optique
• GLOphotonics SAS
• IRFlex Corporation
• IXBlue

The global hollow core optical fiber market is segmented as follows:

By Material Type

• Plastic
• Glass

By End User

• Aerospace and Defense
• Telecommunication
• Information Technology
• Medical
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa