Fiber Optic Cable Market Size Release Latest Trends & Indust...| MENAFN.COM

Monday, 30 January 2023 11:28 GMT

Fiber Optic Cable Market Size Release Latest Trends & Industry Vision By 2033

(MENAFN- America News Hour)

The fiber optic cable market was valued at USD 7.34 billion and is expected to reach USD 14.69 billion, at a CAGR of 12.26% over the forecast period. With the increasing demand for IoT and more connected devices, data transmission has become vital for the users. Hence, the fiber optic cable market is witnessing a considerable opportunity for growth during the forecast period.
– Over recent years, it has been observed that fiber optic cables are steadily replacing copper wires as an appropriate means of communication signal transmission. They span across the long distances between local phone systems and provide the backbone for many network systems. Other system users include cable television services, university campuses, office buildings, industrial plants, and electric utility companies.​
– The primary benefit of fiber optic cable is the increased security option that cannot be tapped with the traditional copper cable. This is another major factor driving the fiber optic cables market.
– Further, technological advancements in the telecom sector have increased the deployment of broadband network architectures. Fiber to the Home (FTTH) and Fiber to the Building (FTTB) are the few prominent broadband networking architectures that necessitate the large-scale deployment of fiber optic networks. This factor is driving the demand for fiber optic cables.
– The range of applications for various industries includes data storage for commercial and domestic uses, medical imaging, laser surgery in the healthcare industry, industrial imaging for difficult areas, sensory and measurement purposes, broadcast networking for internet, and other applications.​
– However, high costs and complex installation act as the major restraining factors for the fiber optic cables market.
Click Here to Download Sample Report

Key Market Trends
IT and Telecom Sector Offers Potential Growth

– Fiber optics is a major building block in the telecommunication infrastructure. With the explosion of information traffic owing to the internet, electronic commerce, computer networks, multimedia, voice, data, and video, the need for a transmission medium with the bandwidth capabilities for handling such vast amounts of information is paramount. Fiber optics, with its comparatively infinite bandwidth, has proven to be the solution.
– Additionally, 5G, IoT, and Big Data rely heavily on real-time data collection and transfer. As fiber optics has unlimited bandwidth potential, fiberoptics cable is chosen to support these bandwidth levels.
– Further, to achieve the expected performance levels for 5G networks, more small cells (or nodes) and mobile edge computing will be needed to eliminate network bottlenecks. These small-cell deployments often utilize the millimeter wave spectrum by relying heavily on fiber cabled connections for the backhaul portion of the network.
– The launch of 5G will bring enhanced capacity and lower latency straight to networks. Fiber optics cable is the preferred option for 5G because of its scalability, security, and ability to handle the vast amount of backhaul traffic being generated. This, in return, is expected to create a huge market opportunity for the fiber optic cable market in IT and Telecom.
Asia-Pacific to Witness a Significant CAGR
– The Asia-Pacific region is dominated by two major economies of the world, i.e. India and China. These regions are spearheading revenue growth, owing to the technological advancements and large-scale adoption of the technology in IT and Telecommunication as well as administrative sector.
– Additionally, the increasing application of fiber optics in the medical sector is catapulting growth across the countries, such as China, Japan, and India. This is propelling the overall demand at a significant rate.
– Additionally, the consistent rise in the use of smartphones and internet facilities in the region contributes to the adoption of optical fiber cables for telecommunication applications. 5G connections (excluding IoT) are anticipated to reach USD 670 million in Asia-Pacific by 2025, accounting for approximately about 60% of the global 5G connections, according to GSMA.
– Moreover, the governments of developed nations, like China and Japan, are heavily investing in security infrastructure at country levels. In return, all the above factors are expected to pave the way for new opportunities in the fiber optic cable market.
Competitive Landscape
The fiber optic cable market is moderately fragmented. The capital requirements for setting up new firms can be prohibitively high in a few of the regions. Moreover, market incumbents have a considerable advantage over new entrants, particularly in gaining access to the channels of distribution and R&D activities. Product launches, high expense on research and development, partnerships and acquisitions, etc. are the prime growth strategies adopted by these companies to sustain the intense competition. Some of the major players in the fiber optic cables market include Corning Inc., Finisar Corporation, and Prysmian Group, among others.
– November 2019- Leoni and the Hengtong Group, a global supplier of cable and system solutions for the telecommunications and energy sectors, started the production of Singlemode fibers in Jena with representatives from politics and industry in the context of its joint venture j-fiber Hengtong GmbH.​
– May 2019 – LS Cable & System started production in its plant in Poland, to expand its presence in the European market.​The new plant will produce parts for electric vehicle batteries and optical cables for communication. It has become the first Korean cable maker to have a production base in Europe, after completing the construction of its plant in Dzierzoniow, in the southwestern region of Poland.
Download Sample PDF of this Report: –

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand in FTTx and Telecommunication Industry
4.2.2 Technological Advancements to Augment the Market Growth
4.3 Market Challenges
4.3.1 Rising Demand for Wireless Solutions and Complex Installation Process
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness – Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Intensity of Competitive Rivalry
4.5.3 Bargaining Power of Buyers
4.5.4 Threat of New Entrants
4.5.5 Threat of Substitutes
4.6 Assessment of COVID-19 impact on the industry
5.1 By Cable Type
5.1.1 Single-mode Cable
5.1.2 Multi-mode Cable
5.2 By Material Type
5.2.1 Plastics Optical Fiber
5.2.2 Glass Optical Fiber
5.3 By End-user Industry
5.3.1 IT and Telecom
5.3.2 BFSI
5.3.3 Defense and Aerospace
5.3.4 Healthcare
5.3.5 Manufacturing
5.3.6 Other End-user Verticals (Healthcare, Government, etc.)
5.4 By Geography (Overview, Key Trends, List of Major Vendors, End-user Adoption, and Market Outlook)
5.4.1 North America United States Canada
5.4.2 Europe United Kingdom Germany France
5.4.3 Asia-Pacific China India Indonesia Malaysia Thailand Vietnam Rest of Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa
7.1 Company Profiles
7.1.1 Corning Inc.
7.1.2 Sumitomo Electric Industries Ltd
7.1.3 Finisar Corporation
7.1.4 Leoni AG
7.1.5 Prysmian Group
7.1.6 Coherent Inc.
7.1.7 Furukawa Electric Co. Ltd
7.1.8 LS Cable & System (LS Group)
7.1.9 Sterlite Technologies Ltd
7.1.10 Yangtze Optical Fiber and Cable Joint Stock Ltd Co.
7.1.11 Hengtong Group Co. Ltd
7.1.12 Fujikura Ltd
7.1.13 Nexans
7.1.14 Commscope Inc.
7.1.15 Hitachi Cable America Inc. (Hitachi Cable)
7.1.16 Nestor Cables Ltd
7.1.17 KST Cable Co. Ltd
7.1.18 Communication Cable System Indonesia PT
7.1.19 Reichle & De-massari AG (R&M)
7.1.20 UnitekFiber Solutions
7.1.21 FOLAN
7.1.22 Multilink Inc.
7.1.23 OFS Fitel, LLC.
7.1.24 AFL Hyperscale
7.1.25 HYESUNG Cable & Communication Inc.
7.1.26 Schneider Electric SE


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.