Fiber Optic Cable Market was valued at USD 9.8 Bn. in 2021, and is expected to reach USD 28.95 Bn. by 2029, growing at a CAGR of 14.5 % during the forecast period (2022-2029)
Fiber Optic Cable Market Overview
The MMR report for the Fiber Optic Cable Market provides the all business scope for the market along with market dynamics, competitive analysis, PESTLE analysis, PORTER analysis, and market forecast region-wise as well as economy-wise also.
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Fiber Optic Cable Market Scope
For maximum efficiency, a variety of customers across the Fiber Optic Cable Market are searching for new market mapping tools to add to their armoury. Moreover, during the projected period, the opportunity for vertical integration is expected to broaden the product breadth. MMR is delivering the report with the highest emphasis given to the concerned organizations and enterprises working in the automation industry.
By examining market segments and estimating market size, the MMR research also supports the understanding of the Fiber Optic Cable Market dynamics and structure. Because it clearly illustrates competitive analyses of significant companies in the industry, the research is an investor's guide.
Segmentation:
By Fiber Type, the glass sector is likely to dominate the fiber optic cable market. During the forecast period, the segment is also expected to increase at a faster rate. Glass optical fibers have a greater numerical aperture than plastic optical fibers, allowing more light rays to enter the system. They have a significantly larger range, running from 200 to 2200nm. Glass fiber optics' exceptional performance in demanding situations with severe temperatures and corrosive chemicals, as well as its ability to transmit both visible and infrared light, are important reasons driving the growth of the fiber optic cable market.
By Cable Type, the single-mode category is expected to have a large fiber optic cable market share. A single-mode fiber optic cable has a lower core diameter of around 9 m as compared to a multi-mode fiber optic cable with a core diameter of 50 m or greater. When compared to multi-mode fibers, single-mode fiber optic cables can transmit signals at significantly higher speeds and over much longer distances. Single-mode fiber optics cable's supremacy is mostly owing to rising demand from long-distance transmission applications. Telecom businesses often utilise single-mode fibers for long-distance and high-bandwidth requirements. They are also utilised by cable television providers, as well as schools and institutions.
By Deployment, the aerial sector is likely to dominate the deployment segment in the fiber optic cable market. Aerial fiber deployments are likely to expand as the adoption of Fiber to the Home (FTTH) services grows. When opposed to subterranean deployment, aerial deployment allows for speedier fiber optics installation. It also has cheap repair and maintenance expenses, which will help the fiber optic cable market develop even further. Aerial fiber optic deployment is preferred by telecom operators throughout the world due to benefits such as cost effectiveness, fast deployment pace, and flexibility. For example, Orange S.A. (France), a French telecom provider, said in January 2022 that it had installed optical fiber to around 63% of France's 29 million FTTH-eligible premises.
By Application, the IT & Telecommunication application segment dominated the fiber optic cable market in 2021 and is expected to continue to dominate over the forecast period. The increased deployment of fiber optics in the telecom sector is largely responsible for the high market share. Fiber optics is used in the telecom industry for a variety of reasons, including point-to-point communication, entertainment, content delivery networks, access to Internet-enabled services, crucial communication, and news & infotainment. Its rise is attributed to factors such as a rising Internet user base, low-cost services provided by service providers, the availability of low-cost communication equipment, and an increasing number of subscribers for different wireless and fixed-point communication devices.
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Key Players
• Corning Inc
• W.L. Gore & Associates
• Sumitomo Electric Industries Ltd
• Finisar Corporation (II-VI Incorporated)
• Hitachi Cable America Inc. (Hitachi Cable)
• Reflex Photonics Inc.
• Nexans SA
• Leoni AG
• Fujikura Ltd
• Prysmian Group
• Coherent Inc.
• Furukawa Electric Co. Ltd
• Tongding Group Co., Ltd.
• LS Cable & System (LS Group)
• Sterlite Technologies Ltd
• Yangtze Optical Fibre and Cable Joint Stock Limited
• Hengtong Group Co. Ltd
• Rockwell Collins
• Commscope Inc.
• Nestor Cables Ltd
Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Fiber Optic Cable Market. The regional analysis provided in our report helps you understand the Fiber Optic Cable Market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Fiber Optic Cable Market. Local and regional development plans are often affected by the performance of Fiber Optic Cable Market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
Key Questions answered in the Fiber Optic Cable Market Report are:
Key offerings:
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Fiber Optic Cable Market Size , Fiber Optic Cable Market Analysis , Fiber Optic Cable Market Share
Mar 08, 2023