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.
Increasing adoption of fiber optic cable in data centers, IT sectors, and network securities centers to work as a transmission medium for handling the vast amount of data and information is contributing as a major factor for the growth of the global fiber optic cable market. Additionally, the rising adoption of fiber-to-the-home (FTTH) connectivity, increasing implementation of networking devices, growing smartphones subscribers, and increased demand from the IT & telecom sector are anticipated to drive the fiber optic cable market across the globe during the forecast period.
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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.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Fiber Type
- By Cable Type
- By Application
- Competitive Landscape- Corning Inc., Finisar Corp., Prysmian Group, and Sumitomo Electric Industries, Ltd., among others.
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Fiber Optic Cable Market Report Segment
By Fiber Type
- Glass Optical Fiber
- Plastic Optical Fiber
By Cable Type
- Single-mode
- Multi-mode
By Application
- BFSI
- IT & Telecom
- Aerospace and Defense
- Manufacturing
- Others
Fiber Optic Cable Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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