Fiber Optic Cable Market Size 2021
The informative report on the global Fiber Optic Cable Market Size 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 Size. The global Fiber Optic Cable Market Size 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 Size 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 Size 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 Size growth.
In 2018, North America Fiber Optic Cable Market Size 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 Size By Type
Single Mode
Multimode
Plastic Optical Fiber
Fiber Optic Cable Market Size By Application
Cable Television
Military/Aerospace
Oil & Gas
Private Data Network
Telecom & Broadband
Utilities
Healthcare
Transportation
Others
Fiber Optic Cable Market Size 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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