According to the new research report on "Optical Fiber Market Size and Forecast (2020-2030), Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the market is expected to reach US$ US$ 18.76 billion by 2030 and register a CAGR of 9.1% from 2022 to 2030.

The global optical fiber market is projected to exhibit a notable growth rate during the forecast period of 2023 to 2030. The emergence of wavelength division multiplexing (WDM) technology in the optical fiber market is revolutionizing data transmission capabilities, thus, becoming a prominent trend in the industry. WDM enables the simultaneous transmission of multiple data streams over a single optical fiber by utilizing different wavelengths of light. With the exponential growth of data traffic and the demand for high-speed connectivity, WDM allows for increased data capacity within a single optical fiber. By multiplexing multiple wavelengths, each carrying independent data streams, WDM technology significantly enhances the overall data-carrying capacity of optical fiber networks. This increased capacity enables telecommunication companies and internet service providers (ISPs) to meet the ever-growing demand for bandwidth-intensive applications, including video streaming, cloud computing, and IoT devices.

Moreover, WDM technology provides a cost-effective solution for telecom operators and service providers. By utilizing the full potential of existing optical fiber infrastructure, WDM eliminates the need for additional fiber optic cables, reducing deployment costs and minimizing disruptions to existing networks. Moreover, the ability to transmit multiple data streams simultaneously through a single fiber enhances network efficiency, optimizing resources and reducing operational expenses. Additionally, WDM networks can easily accommodate future capacity expansion by simply adding or adjusting wavelengths as required. This scalability allows telecommunication companies to adapt to changing customer demands and market dynamics without significant infrastructure investments. Thus, the emergence of wavelength division multiplexing (WDM) in optical fiber is propelling the optical fiber market growth.

Optical fibers are in high demand in France due to various factors, such as the increasing internet penetration; the growing cloud computing market; the rising number of smart devices; and the adoption of cutting-edge technologies, including 5G, IoT, and AI. Major players from the telecommunications, cable manufacturing, and technology sectors are fueling the optical fiber market share in France. These players invest in R&D to improve the optical fiber performance and efficiency, offering higher bandwidth and lower latency to satisfy the changing needs of consumers and businesses. For instance, In November 2021, Orange and Nokia successfully tested the first optical fiber link with a capacity of 400 Gbps per wavelength in France. The government of France has also supported the optical fiber market development, encouraging investments in broadband infrastructure and digitalization projects. For instance, the France Tr