Fiber Optic Cable Market Analysis and Trends | Industry Key Players: Finisar Corporation, 3M Company, Belden, General Cable Corporation, Ciena Corporation, Avago Technologies

Market Highlights:

The Global Fiber Optic Cable Market is growing with the rapid pace mainly due to the burgeoning adoption of Internet. According to a recent study report published by the Market Research Future, The global market of Fiber Optic Cable is booming and expected to gain prominence over the forecast period. The global Fiber Optic Cable market is estimated to accrue enormously by 2027 with a striking CAGR during 2016 and 2027.

Fiber Optic Cable market is mainly driven by the demand for high speed internet around the world as the traditional wires are not able to meet the expectation. Fiber Optic Cable is mainly used for the transfer and exchange of data’s digitally. Growing countries which are adopting the new technology for high speed internet is creating huge demand for the Fiber Optic Cable. Major opportunities in the market are the advances in technologies leading to an increase in the data transmission rate and factors & trends defining the telecommunications industry across the globe. Adoption of Internet attributes to the several factors including increase in the number of connected devices in homes, increase in the demand for Over-
In its Analysis, MRFR asserts that the global Fiber Optic Cable market will ascend up to USD ~6 billion by 2027, registering a significant double digit CAGR of ~10% during the forecast period 2017-2027.

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Major Key Players

Luna (U.S.),
Avantes (U.S),
L-com.com (U.S.),
Optical Cable Corporation (U.S.),
Ofs Fitel, Llc (U.S.),
Prysmian Spa (Italy),
Infinera Corporation (U.S.),
Corning INC. (U.S.),
Geokon, Incorporated (U.S.),
Molex Incorporated (U.S.),
Anixter International (U.S),
Birla Furukawa Fiber Optics (India), Fujikura Limited (Japan), AFC Group (Australia), Finolex Cable Limited (India), Sterlite Technologies (India), Pepperl+Fuchs (Germany), TE Connectivity (Switzerland), and Extron Electronics (U.S.) are some of the prominent players at the forefront of competition in the Global Fiber Optic Market and are profiled in MRFR Analysis.

Segmentation
The global fiber optic cable market is segmented on the basis of cable type, optical fiber type, application, and region. On the basis of cable type, the segment is further classified into single mode and multi-mode. On the basis of optical fiber type, the segment is further classified into glass and plastics. On the basis of application, the segment is further classified into electronics & communication, oil & gas, aerospace & defence, healthcare & security and many others.

Regional Analysis
The global fiber optic cable market is studied for North America, Europe, Asia Pacific and rest of the world. Asia Pacific is estimated to show high growth rate during the forecast period. The rising demand for the internet in emerging countries like India, China & Taiwan, and increased industrialization are driving the market in this region. Development of new technologies and growing FTTX (Fiber to the X) are fuelling the market in this region. North America and Europe are also poised to hold significant share in the global fiber optic cable market. The rise in application areas of optic fiber and large-scale adoption in telecommunications is driving the market in this region.

Industry News:

On October 11, 2017, Bell Canada, a telecommunications company announced an investment of $50 million in Sarnia to bring fibre optic cable to 20,000 homes. Fibre optic cables will provide “world class” Internet and “rock solid” reliability. Commercial customers with better phone and TV service and gigabit-Internet speeds 200 times that of existing ones.

On October 31, 2017, NTT Com announced that it will be building an Asia-Pacific submarine cable system with 14,000 kilometres long fibre-optic cable, connecting the United States, Japan, and the Philippines in partnership with Facebook, Amazon, SoftBank, PLDT, and PCCW Global. According to the consortium, the Jupiter subsea cable has an initial design capacity of 60Tbps that can be improved in future.

Jupiter will be a 400Gbps wavelength-division multiplex (WDM) transmission system, with submersible reconfigurable optical add-drop multiplexer (ROADM) and wavelength selective switch (WSS), which the consortium said will make it the fastest cable system connecting Japan with the US.

Google Fiber, Verizon FIOS, AT&T Fiber, and others are fibre-optic broadband lines that supply hundreds of megabits, and in some places even a gigabit, per second to your home. Fiber-optic cables are also becoming the backbone of the Internet itself. Facebook and Microsoft, for example, just finished laying MAREA, a trans-Atlantic cable with a bundle of eight fibre-optic threads that together can transmit up to 160 terabits per second.

Intended Audience
• Fiber optics manufacturers
• Fiber optics dealers
• Fiber optics suppliers
• End users,
• raw material suppliers

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This release was published on openPR.