Market Highlights:
The speed of connectivity and advanced connectivity options are a defining feature of the latest in technology. The demand for this has increased as both commercial and personal use of technology has grown highly used to the instant nature of connectivity. Fiber optics cables are at the forefront of providing speed using the speed of light. Market Research Future has studied the market extensively and has revealed that the global fiber optics cable market is likely to grow at a CAGR of 11.18% during the forecast period from 2017 to 2025.
Cable television, internet, and telephone communication systems are among the main modes of communication which witness a high demand for lightning fast speed for the transmission of data, thus driving the demand for fiber optic cables. Increasing demand for high-bandwidth and high-speed data transmission has increased the use of fiber optic cables. Moreover, with the speedy delivery of data, even over long distances, the quality of data is undisturbed making fiber optic cables the preferred choice for data transmission. Operation costs associated with fiber optic cables are favorable when compared to their counterparts, making adoption a highly feasible solution.
Notably, fiber optic cables are complex to install and set up of fiber optic infrastructure itself may offset its low price with its unaffordability. However, increasing demand and use of fiber optic cables in the aerospace, and automotive industries will likely reveal growth opportunities in the coming years.
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Major Key Leaders:
- Hengtong (China),
- ZTT International Limited (India),
- Nexans S.A. (France),
- Fiber Home (China),
- TongDing, Group Co., Ltd. (China),
- Belden (U.S.),
- SterliteTech (India),
- Futong (Hong Kong),
- Kaile Science and Technology Co, Ltd. (China),
- CommScope Inc. (U.S.),
- Corning Inc. (U.S.),
- FOLAN (U.K.),
- FUJIKURA LTD. (Japan),
- Prysmian Cables & Systems Limited (U.K.),
- YOFC (China),
- Sumitomo Electric, Ltd. (Japan),
Furukawa Electric Co. Ltd. (Japan), Jiangsu Fasten Company Limited (China), Jiangsu Etern, Co., Ltd. (China), and others. These players are offering wired and wireless solutions to attract a wider range of consumers.
The global Fiber Optic Cable Market is anticipated to expand at a 11.18% CAGR from 2018 to 2025 (forecast period), according to the latest report by Market Research Future (MRFR).
Competitive Landscape:
According to MRFR analysis, Sumitomo Electric Ltd. was leading the global fiber optic cable market in 2017. Sumitomo Electric Industries, Ltd. manufactures and sells electric wires and cables globally and provides optical fiber cables, optical fiber fusion splicers, optical data links and other optical components and access network systems products. The company has presence in Europe and North America. The company plans to strengthen its customer base, create unique solutions in fiber optic technology, and form strategic partnerships with other corporations to maintain their market position.
Furukawa Electric Co., Ltd. stands second in the global fiber optic cable market in terms of market share. Furukawa Electric Co., Ltd. is a well-established Japanese manufacturer of telecommunications, energy, automobile, electronic parts, and construction products. The company operates through the following segments: infrastructure, electronics, functional products, and services and development. The infrastructure segment manufactures and sells optical fiber cables, optical semiconductor devices, optical fiber fusion splicers, network equipment, CATV systems and metal communication cables. Other than Japan, the company has offices in North America, Latin America, Europe, and Asia-Pacific region. The company is focused on strengthening its businesses by accelerating the manufacturing of key products, boosting sales capability, enhancing engineering capabilities and reforming its existing business policies. The company plans to extend its reach to the global market in the South and Central America and Southeast Asia.
Segmentation:
Based on type, the market is segmented into single-mode and multi-mode. Single-mode fiber optic cable is currently dominating the market and is expecting a more than double market valuation of the same during the forecast period. The stellar CAGR of 11.48% that it can achieve during that time will ensure its market growth.
Application-wise the market consists long-distance communication, submarine cable, fiber to the x or fiber in the loop (FTTx), local mobile metro network, other local access network and community antenna television (CATV). Long-distance communication is dominating the market with a considerable market share of USD 1.72 billion in 2017, and in 2025, it can grow sky-high and touch USD 3.88 billion.
Regional Analysis:
The Asia Pacific has a high concentration of rapidly emerging economies such as China, India, and Japan where there is the high adoption of wireless communication and advancements in the internet of things (IoT). This has led to high demand for fiber optic cables which has ultimately put the Asia Pacific regional market in leading position. Heavy data transmission in the region has encouraged the adoption of fiber optics cables. Meanwhile, the North American market is a close second in terms of market size due to the presence of numerous data centers and the general demand for high speed. The region displays an affinity for advanced technologies and is often quick to adopt technologies which offer increased efficiency. The U.S is the leading country-level market which is due to witness a CAGR at 11% during the review period.
North America is not lagging much behind. North America is replete with data centers and associated applications, where fiber optic cables are always in huge demand. In addition, long-distance data transmissions are gaining much traction there spurring requirement for the deployment of FTTx and CATV. The U.S. has the largest market where the revenue touches an approximately USD 970 million in 2017, and the air is going to remain same for the country in the foreseeable future where it can muster up a CAGR of 11%.
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Intended Audience
- Fiber optics manufacturers
- Fiber optics dealers
- Fiber optics suppliers
- End users,
- raw material suppliers
List of Tables
TABLE 1 GLOBAL FIBER OPTIC CABLE MARKET VOLUME, 2013-2025 (K UNITS)
TABLE 2 GLOBAL FIBER OPTIC CABLE PRODUCTION AND CAGR (%) COMPARISON BY TYPE
TABLE 3 GLOBAL FIBER OPTIC CABLE CONSUMPTION COMPARISON BY APPLICATION
TABLE 4 LIST OF ASSUMPTIONS
TABLE 5 GLOBAL FIBER OPTIC CABLE MARKET, BY TYPE, 2013-2018 (USD MILLION)
TABLE 6 GLOBAL FIBER OPTIC CABLE MARKET VOLUME, BY TYPE, 2013-2018 ( UNITS)
Continued….
List of Figures
FIGURE 1 GLOBAL FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
FIGURE 2 NORTH AMERICA FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
FIGURE 3 EUROPE FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
FIGURE 4 CHINA FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
Continued….
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