The global Fiber Optic Cables Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.2% during the review period (2022 to 2027)
Increasing demand in FTTX and telecommunications industry and technological advancements are primarily responsible for the increased growth of the market.The optical fibers are getting lesser and lesser to the deployment challenges being raised by end-use applications. As telecom operators started looking for high fiber count cables in reduced diameters, optical fiber, and cable manufacturers are investing in research and development to realize smaller fibers and cables.according to TeleGeography’s submarine cable map, submarine cables performance as the backbone of the internet. There are about 350 submarine cables spanning 1.2 million kilometers connecting very close to 100 countries. According to SubmarineNetworks.com, the world of submarine cables is transforming rapidly with data compiled by Telegeography indicating USD 8 billion investments lined up in 2019-21.IoT is an online integration of everyday use devices (mostly machine-to-machine). The rising number of connected devices will result in greater demand for higher bandwidth, which will, in turn, result in the growth of IoT. Data center colocation services that use fiber optics to transfer information will also help to increase the growth of IoT. The demand for internet is also driven by numerous other factors such as an increase in the number of connected devices in homes, growth in demand for OTT video content, and the increase in internet access. All these factors have increased the number of internet users, which, in turn, has led to the improved use of optical fiber cables to transfer information over the Internet this is driving the fiber optics market.
The global Fiber Optic Cables includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Prysmian, HTGD, Furukawa, Corning, Fujikura, Sumitomo, ZTT, LS, YOFC, FiberHome, Futong, Taihan, Supreme Cable, Jembo, CCSI, BELDEN, OPCOM, HBC Telecom, Thai China Fiber Optics, VNPT, SACOM, Viettel and others.
Sumitomo Electric Industries, Ltd announced the launch of the industry's first pluggable optical line subsystem (POLS) platform in March 2020, which will support the growing 400ZR coherent transceiver environment for the next data centre interconnects (DCIs).
In October 2019, Uber has announced the introduction of an updated version of its colourful Fiber Optic Cable gadget known as Fiber Optic Cable 2.0., where the digital display is meant to sit on the car’s dashboard and will glow a specific color that riders chose in the app to help them find the right car in crowded situations. The Fiber Optic Cable ’s digital display also reminds riders to wear their seat belt, close car doors gently, and exit curbside.
March 2020 - Sumitomo Electric announced the acquisition of Thunderbolt 3 certification for its new active optical cables (AOCs) from Intel Corporation, the company that established the Thunderbolt 3 standard. Sumitomo Electric developed 40 Gbps Thunderbolt 3 AOCs for high-speed transmission to meet the demand for long-distance transmission.
Fiber Optic Cables Market is segmented based on the type, applications, companies and regions.
By Type, Fiber Optic Cables Market has been segmented into
The end user’s industry application on Fiber Optic Cables Market is,
The report offers in-depth assessment of the growth and other aspects of the Fiber Optic Cables Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
In the Asia Pacific, China dominates not only the regional market but also the global fiber optic cable market. The country has a high density of optical fiber networks and is aggressively investing in new optical fiber infrastructure.growths the adoption of fiber optics cables to transmit signals with a minimum amount of loss has been growing in the country. By the end of 2016, 80% of China's broadband connection was by fiber making country, the world leader in FTTP. By 2019, this figure reached 91%, some 396 million premises, according to the China Internet Network Information Center(CNNIC) 2019 survey.
Fiber Optic Cables Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Prysmian, HTGD, Furukawa, Corning
Forecast Period 2022 to 2027 CAGR
CAGR of 6.2% during the review period (2022 to 2027).
Prysmian, HTGD, Furukawa, Corning, Fujikura, Sumitomo, ZTT, LS, YOFC, FiberHome, Futong, Taihan, Supreme Cable, Jembo, CCSI, BELDEN, OPCOM, HBC Telecom, Thai China Fiber Optics, VNPT, SACOM, Viettel and others.
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What is the study period of this market?
The Fiber Optic Cables Market is studied from 2017 - 2027.
What is the growth rate of Fiber Optic Cables Market?
The Fiber Optic Cables Market is growing at a CAGR of 6.2% over the next 5 years.
What regions does this Fiber Optic Cables Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.