Japan Plastic Optic Fiber Market Size, Share & Trends Analysis Report By Cable Type, By End-Japane IndJapantry (IT & Telecommunication, Energy & Power, Aerospace & Defense, Healthcare, and Others), and Forecast, 2023 - 2030

The Japan Plastic Optic Fiber Market size is expected to reach $911.0 Million by 2030, rising at a market growth of 7.9% CAGR during the forecast period.

Japan's plastic optic fiber market has seen significant growth and development in recent years, driven by the increasing demand for high-speed data transmission, telecommunications, and the deployment of internet services. One of the key drivers of the plastic optic fiber market in Japan is the growing need for high-speed internet connectivity. With the proliferation of digital devices and the increasing reliance on the internet for communication, entertainment, and business purposes, there is a strong demand for faster and more reliable internet connections.

Furthermore, the telecommunications sector in Japan has been actively investing in upgrading and expanding its infrastructure to support the growing demand for data services. Plastic fiber optics offer telecom companies a cost-effective means of extending their networks and improving bandwidth capacity. As a result, there has been a surge in the deployment of plastic fiber optic cables in Japan's telecommunications infrastructure, driving the industry's growth.

Moreover, the automotive industry in Japan represents a significant industry opportunity for plastic fiber optics. With the growing demand for in-vehicle infotainment systems, advanced driver assistance systems (ADAS), electric vehicles, and connected car technologies, vehicles need high-speed data connectivity. Plastic fiber optic cables offer automakers a lightweight and durable solution for transmitting data between vehicle components, enhancing performance and reliability.

According to the Japan Automobile Dealers Association (JADA), sales of new electric vehicles in 2020 reached close to 1.4 million. New electric vehicles accounted for 36.2% of total new car sales, up from 35.2% in 2019. The robust demand for hybrid electric vehicles (HEVs) in Japan has been evident since the introduction of the Toyota Prius in 1997, with HEVs claiming a staggering 97.8% share of the new electric vehicles sold in 2020. As the automotive industry continues to evolve, it's also worth noting Japan's advancements in other areas, such as the burgeoning plastic optic fiber market, reflecting the nation's broader innovation and technological prowess.

The COVID-19 pandemic has increased remote working and online learning, driving the demand for high-speed internet services in Japan. While this has created opportunities for Japan's plastic optic fiber market, the pandemic has also posed challenges, such as supply chain disruptions and project delays. Moreover, the economic uncertainty caused by the pandemic has led to cautious spending behavior among consumers and businesses, impacting the overall demand for plastic fiber optic cables.

Market Trends

Increasing demand for single-mode fibers

In Japan, the plastic optic fiber market is experiencing a notable surge in demand for single-mode fibers, driven by several key factors that underscore their advantages over multi-mode fibers. One primary driver behind the increasing demand for single-mode fibers in the Japanese plastic optic fiber market is the growing need for high-speed and reliable data transmission networks. With their capability to minimize signal loss and dispersion, single-mode fibers offer enhanced data transmission rates and greater bandwidth capacity compared to multi-mode fibers, making them ideal for meeting the demands of modern communication systems.

Furthermore, the increasing adoption of single-mode fibers in industrial automation and sensing applications contributes to their growing demand in the Japanese plastic optic fiber market. Industries such as manufacturing, robotics, and healthcare rely on precise and high-speed data transmission for automation, monitoring, and control.

According to the International Trade Administration, Japanese manufacturing firms have demonstrated a strong commitment to advancing their digital infrastructure, with a substantial investment of around $890 million. This dedicated financial commitment is anticipated to significantly surge, reaching an estimated $4.1 billion by 2030. Single-mode fibers offer superior performance in transmitting optical signals with minimal interference, making them well-suited for demanding manufacturing environments in Japan.

Moreover, the automotive industry in Japan is embracing single-mode fibers for in-vehicle networks and automotive communication systems. As vehicles become more technologically advanced, there is a greater need for robust and high-speed data transmission within the vehicle architecture. Single-mode fibers enable automakers to implement reliable networks for applications such as in-car entertainment, driver assistance systems, and autonomous driving functionalities. Thus, the surge in demand for single-mode fibers in Japan's plastic optic fiber market is driven by the need for high-speed data transmission in communication networks and industrial automation applications.

Rising adoption of Internet of Things (IoT) devices

Japan's plastic optic fiber market is experiencing a significant transformation with the rising adoption of Internet of Things (IoT) devices. One of the key drivers behind the increasing utilization of IoT devices in the plastic optic fiber market is the demand for efficient data transmission and communication solutions. Plastic optic fiber (POF) offers distinct advantages over traditional copper wiring, such as lightweight, flexible, and electromagnetic interference immunity.

In Japan, a country known for its technological innovation and advanced infrastructure, integrating IoT devices with POF is gaining traction across multiple sectors. For instance, POF-enabled IoT sensors are used in the healthcare industry for remote patient monitoring, real-time health data collection, and smart medical device connectivity. This facilitates proactive healthcare management, enhances patient outcomes, and reduces healthcare costs.

Moreover, IoT-enabled POF solutions are revolutionizing industrial automation and process control systems in the manufacturing sector. Japanese manufacturers achieve greater operational efficiency, predictive maintenance, and quality control by deploying sensors and actuators connected via POF networks. This results in reduced downtime, improved productivity, and optimized resource utilization. Therefore, the surge in IoT adoption and the advantages of plastic optic fiber technology are reshaping various sectors in Japan, driving innovation, efficiency, and cost-effectiveness.

Competition Analysis

Japan boasts a robust and dynamic plastic optic fiber market characterized by innovation, advanced technology, and a focus on high-quality products. One of the key players in the Japanese plastic optic fiber market is Furukawa Electric Co., Ltd. With a long history of technological expertise, Furukawa Electric is renowned for its contributions to the telecommunications and optical fiber industries. The company manufactures a wide range of plastic optic fibers used in various applications, including telecommunications networks, automotive lighting systems, and medical devices. Furukawa Electric's commitment to research and development ensures that its products remain at the forefront of technological advancements, meeting the evolving needs of its customers.

Another prominent Japanese plastic optic fiber market company is Sumitomo Electric Industries, Ltd. Sumitomo Electric is a diversified conglomerate with a strong presence in the optical fiber industry. The company produces plastic optic fibers in telecommunications infrastructure, industrial automation, and consumer electronics. Sumitomo Electric's focus on innovation and quality has positioned it as a leading supplier of optical communication solutions in Japan and beyond.

Nippon Telegraph and Telephone Corporation (NTT) is also a major player in the Japanese plastic optic fiber market. As one of the largest telecommunications companies in the world, NTT plays a crucial role in the deployment and maintenance of optical fiber networks across Japan. The company manufactures and utilizes plastic optic fibers in its telecommunications infrastructure, enabling high-speed internet access, digital communication services, and advanced network solutions for businesses and consumers.

Additionally, Fujikura Ltd. is a leading manufacturer of optical fiber products in Japan. The company offers a diverse portfolio of plastic optic fibers in telecommunications, automotive, and industrial applications. Fujikura's expertise in fiber optic technology and its commitment to quality and customer satisfaction have established it as a trusted partner for businesses seeking reliable optical communication solutions. Through their technological expertise, commitment to quality, and focus on research and development, these companies play vital roles in advancing Japan's position as a leader in optical fiber technology and telecommunications infrastructure.

List of Key Companies Profiled

• Corning Incorporated
• Prysmian Group
• Sumitomo Electric Industries, Ltd.
• Yangtze Optical Fibre and Cable Joint Stock Limited Company
• Fujikura Ltd.
• Leoni AG
• Hengtong Group Co., Ltd.
• PCT International, Inc.
• Coherent Corp.

Japan Plastic Optic Fiber Market Report Segmentation

By Cable Type

• Single Mode
• Multi Mode

By End-Use Industry

• IT & Telecommunication
• Energy & Power
• Aerospace & Defense
• Healthcare
• Others

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Japan Plastic Optic Fiber Market, by Cable Type
1.4.2 Japan Plastic Optic Fiber Market, by End-Use Industry
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
2.2.3 Market Opportunities
2.2.4 Market Challenges
2.2.5 Market Trends
2.3 Porter Five Forces Analysis

Chapter 3. Japan Plastic Optic Fiber Market
3.1 Japan Plastic Optic Fiber Market by Cable Type
3.2 Japan Plastic Optic Fiber Market by End-Use Industry

Chapter 4. Company Profiles – Global Leaders
4.1 Corning Incorporated
4.1.1 Company Overview
4.1.2 Financial Analysis
4.1.3 Segmental and Regional Analysis
4.1.4 Research & Development Expenses
4.1.5 SWOT Analysis
4.2 Prysmian Group
4.2.1 Company Overview
4.2.2 Financial Analysis
4.2.3 Segmental and Regional Analysis
4.2.4 Research & Development Expenses
4.2.5 SWOT Analysis
4.3 Sumitomo Electric Industries, Ltd.
4.3.1 Company Overview
4.3.2 Financial Analysis
4.3.3 Segmental and Regional Analysis
4.3.4 Research & Development Expenses
4.3.5 SWOT Analysis
4.4 Yangtze Optical Fibre and Cable Joint Stock Limited Company
4.4.1 Company Overview
4.4.2 Financial Analysis
4.4.3 Segmental and Regional Analysis
4.4.4 Research & Development Expenses
4.4.5 SWOT Analysis
4.5 Fujikura Ltd.
4.5.1 Company Overview
4.5.2 Financial Analysis
4.5.3 Segmental and Regional Analysis
4.5.4 Research & Development Expenses
4.5.5 SWOT Analysis
4.6 Leoni AG
4.6.1 Company Overview
4.6.2 Financial Analysis
4.6.3 Segmental and Regional Analysis
4.6.4 Research & Development Expense
4.6.5 SWOT Analysis
4.7 Hengtong Group Co., Ltd.
4.7.1 Company Overview
4.7.2 SWOT Analysis
4.8 Finolex Cables Ltd. (Finolex Group)
4.8.1 Company Overview
4.8.2 Financial Analysis
4.8.3 Segmental and Regional Analysis
4.8.4 SWOT Analysis
4.9 PCT International, Inc.
4.9.1 Company Overview
4.9.2 SWOT Analysis
4.10. Coherent Corp.
4.10.1 Company Overview
4.10.2 Financial Analysis
4.10.3 Segmental and Regional Analysis
4.10.4 Research & Development Expenses
4.10.5 SWOT Analysis

TABLE 1 Japan Plastic Optic Fiber Market, 2019 - 2022, USD Million
TABLE 2 Japan Plastic Optic Fiber Market, 2023 - 2030, USD Million
TABLE 3 Japan Plastic Optic Fiber Market by Cable Type, 2019 - 2022, USD Million
TABLE 4 Japan Plastic Optic Fiber Market by Cable Type, 2023 - 2030, USD Million
TABLE 5 Japan Plastic Optic Fiber Market by End-Use Industry, 2019 - 2022, USD Million
TABLE 6 Japan Plastic Optic Fiber Market by End-Use Industry, 2023 - 2030, USD Million
TABLE 7 Key Information – Corning Incorporated
TABLE 8 Key Information – Prysmian Group
TABLE 9 Key Information – Sumitomo Electric Industries, Ltd.
TABLE 10 Key Information – Yangtze Optical Fibre and Cable Joint Stock Limited Company
TABLE 11 Key Information – Fujikura Ltd.
TABLE 12 Key Information – Leoni AG
TABLE 13 Key Information – HENGTONG GROUP CO., LTD.
TABLE 14 Key Information – Finolex Cables Ltd.
TABLE 15 Key Information – PCT International, Inc.
TABLE 16 Key Information – Coherent Corp.

List of Figures
FIG 1 Methodology for the research
FIG 2 Japan Plastic Optic Fiber Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Plastic Optic Fiber Market
FIG 4 Porter’s Five Forces Analysis – Plastic Optic Fiber Market
FIG 5 Japan Plastic Optic Fiber Market share by Cable Type, 2022
FIG 6 Japan Plastic Optic Fiber Market share by Cable Type, 2030
FIG 7 Japan Plastic Optic Fiber Market by Cable Type, 2019 - 2030, USD Million
FIG 8 Japan Plastic Optic Fiber Market share by End-Use Industry, 2022
FIG 9 Japan Plastic Optic Fiber Market share by End-Use Industry, 2030
FIG 10 Japan Plastic Optic Fiber Market by End-Use Industry, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: Corning Incorporated
FIG 12 SWOT Analysis: Prysmian Group
FIG 13 SWOT Analysis: Sumitomo Electric Industries, Ltd
FIG 14 SWOT Analysis: YANGTZE OPTICAL FIBRE AND CABLE JOINT STOCK LIMITED COMPANY
FIG 15 SWOT Analysis: Fujikura Ltd.
FIG 16 SWOT Analysis: Leoni AG
FIG 17 SWOT Analysis: HENGTONG GROUP CO., LTD.
FIG 18 SWOT Analysis: Finolex Cables Ltd.
FIG 19 SWOT Analysis: PCT International, Inc.
FIG 20 SWOT Analysis: Coherent Corp.