Fiber Optic Cable Market 2021
The informative report on the global Fiber Optic Cable Market has recently been published by Absolute Markets Insights to its comprehensive database which helps to make erudite business decisions. The report is an extensive source of information of various market attributes such as market size, growth, and shares. The detailed research report further also identifies some significant market segments while scrutinizing the market parameters.
Surge in connected devices such as wearables, smartphones, and tablets will drive the global fiber optic cable market. The global fiber optic cable market is estimated to reach a market value of US$ 6,783 million in 2019 and is forecast to reach US$ 10,140 million by 2030, growing at an estimated CAGR of 5.2% over the forecast period.
With rise in demand for Internet of Things (IoT) and subsequent rise in number of connected devices, data transmission has become important for the concerned users. According to the Ericsson mobility report, by the end of 2016, there were approximately 400 million IoT devices with cellphone connection. With increasing adoption of IoT technology coupled with concerned Fiber Optic Cable Market will generate huge incremental opportunity, over the forecast time period.
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Major Key Players:
Key industry participants in the Fiber Optic Cable Market are Corning Incorporated, Sterlite Technologies Limited, Finolex Cables Limited, OFS Fitel, LLC, Prysmian Group, AFL, Optical Cable Corporation (OCC), Birla Furukawa Fiber Optics Limited, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC).
Key Findings of the Report:
Multimode market segment held more accounted for more than US$ 3.3 billion in 2018 and is estimated to witness robust growth over the forecast timeframe. The growth is attributed to its high quality and accuracy. Plastic optic fiber is projected to grow at highest growth rate. The high growth is due its adoption across varied industry verticals.
Telecom and Broadband market segment is expected to dominate during the study period, owing to growing adoption of technology in data transmission services. Moreover, increasing cloud based services such as video on demand & audio video services expected to stimulate Fiber Optic Cable Market growth.
In 2018, North America Fiber Optic Cable Market held the largest market share, accounting for nearly 30% of total global industry. Asia Pacific fiber optics cables market is expected to witness significant growth during the forecast period owing to rise in technological advancements in the region
Market Segmentation
Fiber Optic Cable Market By Type
Single Mode
Multimode
Plastic Optical Fiber
Fiber Optic Cable Market By Application
Cable Television
Military/Aerospace
Oil & Gas
Private Data Network
Telecom & Broadband
Utilities
Healthcare
Transportation
Others
Fiber Optic Cable Market By Geography
North America
U.S.
Canada
Mexico
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Benelux Union
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
Middle East and Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Argentina
Brazil
Rest of Latin America
…
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Shreyas Tanna
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Absolute Markets Insights
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In this report,global Fiber Optic Cables Market will reach 15185.53 Million USD by the end of 2022 with a CAGR of 11.21% The global Fiber Optic Cables market is valued at 8928.70 Million USD in 2017 and will reach 15185.53 Million USD by the end of 2022, growing at a CAGR of 11.21% during 2017-2022.
The optical fiber elements are typically individually coated with plastic layers and contained in a protective tube suitable for the environment where the cable will be deployed.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-fiber-optic-cable-market-research-report-2020/request-sample Fiber Optic Cables can be divided into two categories--multi-mode fiber optic cables and single-mode fiber optic cables.
Single-mode fiber optic cables production market share accounted for the highest proportion, with a figure of 90.90% in 2017, multi-mode fiber optic cables account for 9.10%.
The consumption market share of global Fiber Optic Cables in long-distance communication use, submarine cable use, FTTx use, local mobile metro network use, other local access network use, CATV use, other singlemode applications and Multimode Fiber Applications has been stable year by year, at 10.03%, 0.17%, 36.71%, 6.59%, 24.66%, 9.35%, 10.81% and 1.68% respectively in 2017, and for several consecutive years, the amplitude was within 2 percent.
Radiant Insights, Inc. data shows that China is the biggest contributor to the Fiber Optic Cables revenue market, accounted for 50.39% of the total global market with a revenue of 4499.61 million USD in 2017, followed by United States, 16.52% with a revenue of 1475.0 million USD.
Market Overview Market Research Future (MRFR), in its latest report on the global fiber optic cable market 2020, details different cause that are likely to influence the market through the review period.
A comprehensive study of the COVID 19 outbreak impact on the Fiber Optic Cable Market is provided along with the report.
The increase in application of fiber optic cable in expanding aerospace and automotive sectors are creating numerous growth opportunities, which, in turn, can promote the expansion of the market across the review period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1072The easy availability of raw materials used in the production of fiber optic cables and the high capacity of these threads for high speed data transfer are other factors that can support the expansion of the market across the analysis period.
In addition, the regional fiber optic cable market can rise due to rapid industrialization in the region.
The emergence of 5G communication solution can improve the market impetus.
Competitive LandscapeFurukawa Electric Co. Ltd. (Japan), TongDing, Group Co., Ltd. (China), ZTT International Limited (India), Hengtong (China), FOLAN (U.K.), YOFC (China),Fiber Home (China), FUJIKURA LTD. (Japan),SterliteTech (India), Nexans S.A. (France), Kaile Science and Technology Co, Ltd. (China), Prysmian Cables & Systems Limited (U.K.), Belden (U.S.), Jiangsu Fasten Company Limited (China), Corning Inc. (U.S.), Futong (Hong Kong), Sumitomo Electric, Ltd. (Japan), CommScope Inc. (U.S.), and Jiangsu Etern, Co., Ltd. (China) are some major players in the fiber optical cable market, listed by MRFR.Browse Complete Report @ https://www.marketresearchfuture.com/reports/fibre-optic-cable-market-1072Segment OverviewApplication and type are major parameters on which the fiber optic market segment study is done.
Industry Analysis of Fiber Optic Cable Market 2020:The Fiber Optic Cable Market report has been curated by our team of expert analysts with the aim to give the readers an industry-wide assessment, including market segments like Product types, Applications, End-users, and leading regions.
The global Fiber Optic Cable market is speculated to record stable growth in the coming years, with the increasing ease-of-business for business continuity, optimizing CAPEX while providing other benefits.
The rising inclination towards the integration of cloud-computing solutions into business operations is also expected to propel the Fiber Optic Cable market forward.Get a Sample Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/21Leading Players profiled in this study include Prysmian, HTGD, Furukawa, Corning, YOFC, Futong, Fujikura, Sumitomo, Tongding, CommScope, Sterlite, FiberHome, Jiangsu Etern, ZTT, General Cable, Belden, Fasten, Nexans, Kaile, LS, others.The study gives a detailed analysis of the global Fiber Optic Cable market to project its overall growth in the coming years until 2026, which is focused on the leading market trends, notable events, strategic initiatives, and product innovation, among other aspects to provide a thorough assessment of the worldwide industry based on product types, applications, end-users, and regions.
The global has recorded a sizable growth rate in the historical and present market scenario and is expected to continue to deliver a stable growth rate in the forecast duration.This report on the worldwide Fiber Optic Cable industry, published by Reports and Data, gives insights drawn after an extensive study of the information collected by way of primary and secondary research methodologies and an analysis of the qualitative and quantitative perspectives of leading industry experts, opinions of leading companies and professionals, to help the reader better comprehend the existing market dynamics.Brief of the market segmentation:In the Fiber Optic Cable market report, the product type has been categorized intoSingle-Mode Fiber Optic CableMulti- Mode Fiber Optic CableIn the Fiber Optic Cable market, the application spectrum is divided intoLong-Distance CommunicationSubmarine CableFTTxLocal Mobile Metro NetworkOther Local Access NetworkCATVOther Singlemode ApplicationsMultimode Fiber ApplicationsIn terms of geographical extent, the Fiber Optic Cable market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Details relating to the rate of consumption of the products across the leading regions have also been included in the report.Get Discount on this Report!
Visit @ https://www.reportsanddata.com/discount-enquiry-form/21The report extends to key market developments observed in the Fiber Optic Cable market, such as organic and inorganic expansion strategies.
A detailed presentation of forecast, trends, and dollar values of international Fiber Optic Cable Market is offered.
Things which are driving the growth today in the fiber optic cable market is the harsh race in between the Web 2.0 companies to build the large-scale data centers and to capture the cloud services market.
Todays biggest demand is to connect all the switches inside data center, driving the optical suppliers to develop and provide new high capacity solution.
The 5G network battle, which will necessitate fiber to support wireless network, is currently gearing up in the North America.
In global fiber optic cable market, North America are seen as growth drivers in near future due to the higher demand for the fiber optic cable in the U.S. which grew because of the continuously increasing needs of the downstream industries, which has actually strengthened the structure.
Optical ground wire is one of the most common cable technologies that is being used by the power utilities companies.
