Photonic-crystal Fiber Market Share

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.