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Data doesn't support that at all.
Many just don't want to, which is not fear. Only a few of those polled (across many countries) indicate fear (state of the world, fear of being a parent, etc) as being the reason. Egotism, insecurity, genetics, finances, etc are all some of the basis and they cannot all be boiled down to just fear. This is structural and cultural not just emotional.
I think one could argue that finances and job security play into the fear aspect, though. Fear that you can't afford a kid or that you might lose your job and consequently end up on the street with no one else to support you.