The global fiber optic cable market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). A fiber optic is a stable, transparent, and flexible cylindrical cable that is applicable to transmit data and information from one end to other. In the telecommunication sector, fiber optic cable plays a vital role owing to its enhanced bandwidth solutions and easy management of increasing data traffic in various end-user applications including internet, computer network, e-commerce, multimedia, and others.
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Some market players including Corning Inc., Finisar Corp., Prysmian Group, and Sumitomo Electric Industries, Ltd., among others have been adopted various strategies to boost the global fiber optic cable market. New product launches, and mergers & acquisitions, among others, are some key strategies that are adopted by key vendors to sustain in the global market. For instance, in April 2020, Prysmian Group announced to launch the world’s first 180um fiber cable to enhance the operational capacity of FTTx and 5G networks.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Fiber Optic Cable Market Report Segment
By Fiber Type
o Glass Optical Fiber
o Plastic Optical Fiber
By Cable Type
o Single-mode
o Multi-mode
By Application
o BFSI
o IT & Telecom
o Aerospace and Defense
o Manufacturing
o Others
Global Fiber Optic Cable Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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