Pune, 05, Dec 2022: According to Maximize Market Research’s Fiber Optic Cable Market research, the market is expected to grow from USD 10.59 billion in 2021 to USD 31.50 billion in 2029, at a CAGR of 14.6 percent over the forecast period from 2022 to 2029, as the adoption of the Internet of Things has increased the need for higher bandwidth and better connectivity.
Fiber Optic Cable Market Scope and Research Methodology
The fiber optic cable market competitive landscape provides details by a competitor like a company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The research uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making.
The research report relies heavily on both primary and secondary data sources. The research process entails the investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges. All conceivable elements influencing the markets included in this research study have been considered, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalised, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast. This data is combined and added with detailed inputs and analysis, and presented in the report.
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Fiber Optic Cable Market Overview
A fiber optic is a flexible, transparent fiber composed of extruded glass (silica) or plastic that works as a waveguide or “light pipe” to transport light from one end of the fiber to the other. It’s a cylinder-shaped dielectric waveguide that uses total internal reflection to carry light along its axis. Light flows through a transparent core covered in a transparent cladding material with a reduced index of refraction via total internal reflection. Optical fibers are shrinking in size to satisfy the deployment limits of end-use applications. Because telecom operators want high fiber count cables in lower dimensions, optical fiber and cable producers are investing in R&D to create smaller fibers and cables. Priscian will be the first company to create a portfolio of 180-meter-diameter cables in April 2020.
Fiber Optic Cable Market Dynamics
The internet is a huge collection of interconnected devices that extends across the globe. Optical fiber connections are used to carry data from one location to another, and fiber optics is the internet’s backbone. In 2018, 51.2% of the world’s population used the internet, according to the International Telecommunication Union. (ITU). The fiber cable industry has grown at a 15% to 25% annual rate during the previous few years. Manufacturers intend to grow to accommodate this demand. Corning, for example, announced in February that it will invest more than USD 150 million in increasing the capacity of its optical fiber manufacturing facility in Wilmington, North Carolina, while AT&T is said to be raising output at its Norcross, Georgia, location. And, only two years after completing a USD 100 million investment in a new optical fiber plant and fiber-cable plant development in Claremont, NC, Alcatel has announced another USD 50 million investment.
Fiber Optic Cable Market Regional Insights
The Asia Pacific region is expected to lead the market by the end of the forecast period. China leads not just the Asia Pacific regional market, but also the global fiber optic cable market. The country has a robust optical fiber network and is significantly investing in new optical fiber infrastructure. The government is boosting its usage of fiber optic cables to transfer signals with the least amount of loss. China’s broadband connection was constructed of fiber by the end of 2016, making it the world leader in FTTP. According to a 2019 survey conducted by the China Internet Network Information Center (CNNIC), this share has reached 91%, or 396 million premises, by 2019. Furthermore, growing demand for OFC from the IT and telecom industries, an increase in the number of mobile devices, greater use of FTTH (Fiber to the Home) connections, and an increase in the number of data centers are likely to boost the Indian fiber optic cables market in the coming years.
Fiber Optic Cable Market Segmentation
By Fiber Type:
By Cable Type:
- Others (Security and Metropolitan Networks)
- Fiber Optic Lighting
Fiber Optic Cable Market Key Competitors:
- Prysmian Group
- W.L. Gore & Associates
- Fujikura Ltd.
- STL TECH
- II-VI Incorporated
- Sumitomo Electric Industries, Ltd.
- Reflex Photonics Inc.
- Tata Communications.
- Tongding Group Co., Ltd.
- Carlisle Companies
- Rockwell Collins
- TE Connectivity
- TPC Wire & Cable Corp
- Ofs Fitel
- Optical Cable Corporation.
Key questions answered in the Fiber Optic Cable Market are:
- What is Fiber Optic Cabler?
- What is the growth rate of Fiber Optic Cable Market over the forecast period?
- What is the nature of competition in Fiber Optic Cabler industry in developed economies and developing economies?
- Who are the key players in the Fiber Optic Cable Market?
- Who are the market leaders in Fiber Optic Cabler in Europe
- Who are the market leaders in Fiber Optic Cabler in USA and Canada
- Who are the market leaders in Fiber Optic Cabler in India, China, Japan and South Korea?
- What are the factors affecting growth in the Fiber Optic Cable Market?
- Who held the largest market share in Fiber Optic Cable Market?
- What are the factors for the growth of Asia-Pacific region in Fiber Optic Cable Market?
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Filetype, cable Type, Deployment, Application and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
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Optical Fiber Market – Optical Fiber Market has valued at US$ 7.88 Bn in 2021. The Global Optical Fiber Market size is estimated to grow at a CAGR of 11.59 % over the forecast period. The Optical Fiber Market is expected to be driven by Government financing for the construction of telecommunications infrastructure is increasing.
Optical Communication and Networking Market –The Optical Communication and Networking Market size was valued at US$ 22.28 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.7% from 2022 to 2029, reaching nearly US$ 43.43 Bn. The Optical Communication and Networking Market is expected to be driven by Small and compact optical modules are expected to have increased market growth.
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