Below we presented the list of the 5 largest fiber optic companies in the world. For a more comprehensive list, please see the 15 largest fiber optic companies in the world.
5. Furukawa Electric Co Ltd
TYO: 5801
Revenue: $8.27 B
Market cap: $187.075 B
Furukawa serves 70% of the Japanese market, Asia, including China, and North America. They have been in the business of energy and industrial products, light metals and metals, and electronic and automotive systems, and telecommunications (fiber optics and network equipment) for 125 years. In 2019, they reported $17, 640 M net income and a total of $ 794,616 M assets.
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4. Prysmian Spa
BIT: PRY
Revenue: $11.2 B
Market Cap: $8.436 B
The Milan-based Prysmian Spa is one of the largest fiber-optic companies in the world as it sells its products to Verizon and Siemens. Prysmian operates in 21 countries with over 50 plants and subsidiaries in 38 countries. They manufacture telecom cables and systems that make copper, optical, and fiber cables to transmit video, data, and voice files. Prysmian is well-known for making submarine and underground power cables that transmit high voltage current and high-speed broadband. In 2019, the company recorded a net income of $292 M.
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3. Corning Incorporated (NYSE: GLW)
NYSE: GLW
Revenue: $12.1 B
Market Cap: $28.337 B
Corning Incorporated manufactures a wide range of optical communications, mobile consumer electronics, display technology, automotive, and life science glass and ceramic products. Corning Incorporated (NYSE: GLW) is headquartered in New York and operates in 15 counties with more than 115 manufacturing facilities. Corning Incorporated generates more than half of its sales in the Asia Pacific region. When you canvass for a new phone and you look at the product’s specs, a signature Gorilla Glass cover glass sounds familiar, right? It’s one of the most popular products of Corning Inc. Last year, Corning Incorporated recorded a net profit of $193 M and assets amounting to $28,898 M.
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2. Kaile Science and Technology Co Ltd Hbe
SHA: 600260
Revenue: $15 B
Market Cap: $12.1 B
Kaile Science and Technology Co Ltd Hbe is headquartered in Hubei, China, and was founded in 1982. Kaile is involved in the research and development, manufacturing, and selling of optical communication fibers, optical cables, silicon communication tubes, and smart mobile products for communication. Despite the numbers of Kaile performed in 2019, their reported net income decreased by 37% due to the unfavorable market conditions brought by COVID-19.
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1. Sumitomo Corporation
TYO: 8053
Revenue: $49.9 B
Market Cap: $14.4 B
The largest fiber-optic company in the world is Sumitomo Corp, a Japanese general trading company founded in 1919. Sumitomo exports a wide variety of products from fiber optic cables and wires, to metals, textiles, and food products. Moreover, Sumitomo Corporation also participates in other ventures such as logistics, finance, and real estate development.
Most of Sumimoto Corporation’s revenues are generated outside of Japan. The company reported a net income of $2.7 B and an asset of $77.1 B in 2019, making Sumimoto Corporation the largest fiber-optic company in the world.
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