A new Report by Delvens, titled "Fibre Optic Cables Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Fibre Optic Cables Market size is projected to reach a CAGR of 13.50% from 2023-2030.
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Fibre optics is one of the methods of transmitting information that works by sending pulses of light through an optical fibre. The light transmitted then forms an electromagnetic carrier wave modulated to carry information. Fibre optics cable is used mainly for the digital transmission of data and is increasingly being used owing to its efficiency and high transmission capacity. Fibre optics cables are used usually when high bandwidth, long distance, or immunity from external or internal interferences are required.
The use of fibre optic cable across a large number of end-use industries will propel the growth of the global market. Advantages of fibre optic cable such as longer reach and high bandwidth connectivity are projected to have a profound impact on the growth structure of the market. Furthermore, the high preference for the telecommunication sector and data centres is anticipated to accelerate the growth prospects of the fibre optic cable market. Fibre optic cables are flexible devices that are designed for long-distance and high-performance telecommunication. The need for improved connectivity in both residential and commercial segments will present a wide range of growth opportunities for the fibre optic cable market.
Regional Analysis
Asia Pacific to Dominate the Market
· Asia Pacific is expected to hold the largest share of the fibre optics market during the forecast period. The high market share is credited to the increasing government initiatives to support fibre optics deployment across the region.
· Extensive deployment of 5G base stations across China, South Korea, and Japan will support the market growth in the region.
Competitive Landscape
· AFC Cable Systems
· Corning Inc
· Fujikura Ltd
· Furukawa Electric Co. Ltd
· Hitachi Cable Ltd
· Optical Cable Corporation
· Prysmian Group
· Sterlite technologies Ltd
· Sumitomo Electric Industries Ltd
· Yangtze Optical Fibre & Cable
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Recent Developments
In May 2022, Corning Incorporated (US) announced the expansion of its MiniXtend cable portfolio, with the introduction of MiniXtend HD cables for 12 to 72 fibres and MiniXtend XD cables for 192 and 288 fibres. The new MiniXtend HD cables and MiniXtend XD cables deliver high density, duct space efficiency, and reduced carbon footprint.
In November 2021, Sumitomo Electric Industries, Ltd. (Japan) launched new ITU-T G.654.E terrestrial ultra-low-loss optical fibres and cables through its PureAdvance series. The new products, i.e., ultra-low-loss optical fibres and cables are suitable for broadband applications.
Fibre Optic Cables Market is segmented into various segments such as fibre type, cable type, deployment, application and region:
On the basis of Fibre Type:
· Glass
· Plastic
On the basis of cable type
· Single-mode
· Multi-mode
On the basis of Deployment
· Underground
· Underwater
· Aerial
On the basis of the Application
· Communication
· Non-communication
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Fibre Optic Cables Market, Delvens offers a client-centric report customized according to the company’s specific demand and requirement.
Frequently Asked Questions:
What are the years considered to study Fibre Optic Cables Market?
The Fibre Optic Cables Market is studied from 2023-2030.
What is the compound annual growth rate (CAGR) of the Fibre Optic Cables Market?
The Fibre Optic Cables Market is growing at a CAGR of 13.50% during the forecast period.
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