The global fiber optic cable assemblies market is estimated to grow at a CAGR of nearly 9.2% during the forecast period. The key factor contributing to the growth of the global fiber optic cable assemblies market includes the rising penetration of the internet in the public discourse. Additionally, the increasing need for high-bandwidth data connectors is propelling the growth of the market. According to the data of the International Telecommunication Union (ITU) 2020, more than 51% of the total population globally, or 4 billion individuals were using the internet in 2019.
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The fiber optic cable assemblies include optical fiber, a reinforcement strand for support, and fiber optic cable connectors. The fiber optic cables utilize luminous optic fibers as a medium to transmit light, audio, and any other electronic data by the light pulse traveling from the optical fiber, and without any transmission of electricity. The COVID-19 pandemic has impacted various industries including the fiber optic cable assemblies market. The major issue faced by the market was the unavailability of the workforce. Although, the market has been driven by the higher internet requirement, owing to the work from home concept. The need for high-speed internet connection is responsible for the rising demand for fiber optic cables, as it provides the internet with maximum speed.
The key players contributing to the growth of the global fiber optic cable assemblies market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, include Finisar Corporation, Optec Technology Limited, RF Industries, Fiber Connection Inc., Optical Cable Corporation, TE Connectivity, Delphi Automotive PLC., Carlisle Companies Inc., among others. For instance, in August 2017, Optec Technology Limited launched the new fiber assemblies, the MTP PRO Fiber Assemblies, which support simple and reliable polarity, and gender reconfiguration, and fulfill the requirements of the MTP/MTO multi-fiber cabling system.
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Market Coverage
- Segment Covered-
o By Cable Length
o By Type of Mode
o By Product Type
o By End-User
- Regions covered-
o North America
o Europe
o Asia Pacific
o Rest of the World
- Competitive Landscape- Finisar Corporation, Optec Technology Limited, RF Industries, Fiber Connection Inc., Optical Cable Corporation, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Fiber Optic Cable Assemblies Market- segmentation
By Cable Length
- Standard
- Custom
By Type of Mode
- Single-mode
- Multi-mode
By Product Type
- Connectorized Assemblies
- Long Length Assemblies
- High Complex Breakout Assemblies
- Fiber Jumpers
- Others
By End-user
- Telecommunication and IT
- Automotive
- Healthcare and Medical surgeries
- Defense and Government
- Industries
- Others
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