Global fiber optics market to nearly double to $19.73B by 2035, driven by 5G and data center growth

The global fiber optics market, valued at $9.99 billion in 2025, is projected to grow at a 7.02% CAGR to reach $19.73 billion by 2035. This growth is fueled by accelerating 5G deployment, expansion of hyperscale data centers, and increasing broadband infrastructure worldwide. Key segments driving demand include telecom, medical, and automotive sectors, with Asia Pacific and North America leading regional growth. Innovations in fiber technology and government broadband initiatives will further support market expansion.