Fiber Optic Cable Market 2018 Global Analysis by Leading Players: Hengtong, YOFC, Nexans, Prysmian Cables & Systems, Sumitomo Electric, Jiangsu Fasten Company Limited

Market Highlights:

The speed of connectivity and advanced connectivity options are a defining feature of the latest in technology. The demand for this has increased as both commercial and personal use of technology has grown highly used to the instant nature of connectivity. Fiber optics cables are at the forefront of providing speed using the speed of light. Market Research Future has studied the market extensively and has revealed that the global fiber optics cable market is likely to grow at a CAGR of 11.18% during the forecast period from 2017 to 2025.

Cable television, internet, and telephone communication systems are among the main modes of communication which witness a high demand for lightning fast speed for the transmission of data, thus driving the demand for fiber optic cables. Increasing demand for high-bandwidth and high-speed data transmission has increased the use of fiber optic cables. Moreover, with the speedy delivery of data, even over long distances, the quality of data is undisturbed making fiber optic cables the preferred choice for data transmission. Operation costs associated with fiber optic cables are favorable when compared to their counterparts, making adoption a highly feasible solution.

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Competitive Landscape

Some of the prominent participants in the fiber optic cable market include Hengtong (China), ZTT International Limited (India), Nexans S.A. (France), Fiber Home (China), TongDing, Group Co., Ltd. (China), Belden (U.S.), SterliteTech (India), Futong (Hong Kong), Kaile Science and Technology Co, Ltd. (China), CommScope Inc. (U.S.), Corning Inc. (U.S.), FOLAN (U.K.), FUJIKURA LTD. (Japan), Prysmian Cables & Systems Limited (U.K.), YOFC (China), Sumitomo Electric, Ltd. (Japan), Furukawa Electric Co. Ltd. (Japan), Jiangsu Fasten Company Limited (China), Jiangsu Etern, Co., Ltd. (China), and others. These players are offering wired and wireless solutions to attract a wider range of consumers.

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In its Analysis, MRFR asserts that the global Fiber Optic Cable market will ascend up to USD ~6 billion by 2025, registering a significant double digit CAGR of ~10% during the forecast period 2017-2025.

Latest Industry News

• AT&T has begun installing fiber optic cables in Columbus, Ohio.
• Elgin has initiated upgrading of to high-speed fiber optic cables for the transmission of data used by public safety and utility departments.

Industry Opportunity:

Aerospace and automotive industries are showing considerable interest in the market owing to which this sector can flourish. However, its success relies heavily on the quality of the cable. A minute variation in the installing process can affect the obtained result considerably. These factors can prove vital in it quest to attain a broader horizon.

Segmentation:

MRFR's report includes a segmentation analysis which has been performed on the basis of type, application, and region. Types of fiber optic cables have been segmented into single mode, and multi-mode. Between these, the single mode fiber optic cable market presently accounts for the most significant market share which is likely to result in more than double the market value by the end of the assessment period. Meanwhile, the applications for fiber optic cables have been segmented into long-distance communication, submarine cable, fiber to the x or fiber in the loop (FTTx), local mobile metro network, other local access network, and community antenna television (CATV). Among these, the long distance communication accounted for a market leading revenue of USD 1.72 Bn in 2017 and is anticipated to result in generated market revenue of USD 3.88 Bn by 2025.

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Regional Analysis:

The Asia Pacific has a high concentration of rapidly emerging economies such as China, India, and Japan where there is the high adoption of wireless communication and advancements in the internet of things (IoT). This has led to high demand for fiber optic cables which has ultimately put the Asia Pacific regional market in leading position. Heavy data transmission in the region has encouraged the adoption of fiber optics cables. Meanwhile, the North American market is a close second in terms of market size due to the presence of numerous data centers and the general demand for high speed. The region displays an affinity for advanced technologies and is often quick to adopt technologies which offer increased efficiency. The U.S is the leading country-level market which is due to witness a CAGR at 11% during the review period.

North America is not lagging much behind. North America is replete with data centers and associated applications, where fiber optic cables are always in huge demand. In addition, long-distance data transmissions are gaining much traction there spurring requirement for the deployment of FTTx and CATV. The U.S. has the largest market where the revenue touches an approximately USD 970 million in 2017, and the air is going to remain same for the country in the foreseeable future where it can muster up a CAGR of 11%.

List of Tables

TABLE 1 GLOBAL FIBER OPTIC CABLE MARKET VOLUME, 2013-2025 (K UNITS)
TABLE 2 GLOBAL FIBER OPTIC CABLE PRODUCTION AND CAGR (%) COMPARISON BY TYPE (2013-2025)
TABLE 3 GLOBAL FIBER OPTIC CABLE CONSUMPTION COMPARISON BY APPLICATION (2013-2025)
TABLE 4 LIST OF ASSUMPTIONS
TABLE 5 GLOBAL FIBER OPTIC CABLE MARKET, BY TYPE, 2013-2018 (USD MILLION)
TABLE 6 GLOBAL FIBER OPTIC CABLE MARKET VOLUME, BY TYPE, 2013-2018 (K UNITS)
TABLE 7 GLOBAL FIBER OPTIC CABLE MARKET, BY APPLICATION, 2013 TO 2018 (USD MILLION)
TABLE 8 GLOBAL FIBER OPTIC CABLE MARKET CONSUMPTION, BY APPLICATION, 2013 TO 2018 (K UNITS)
TABLE 9 GLOBAL FIBER OPTIC CABLE PRODUCTION, 2013-2018 (IN K UNITS)

List of Figures

FIGURE 1 GLOBAL FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
FIGURE 2 NORTH AMERICA FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
FIGURE 3 EUROPE FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
FIGURE 4 CHINA FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
FIGURE 5 JAPAN FIBER OPTIC CABLE MARKET VALUE, 2013-2025 (USD MILLION)
FIGURE 6 GLOBAL FIBER OPTIC CABLE MARKET: MARKET STRUCTURE

For More Information, Access Press Release of Fiber Optic Cable Industry @ https://www.marketresearchfuture.com/press-release/fiber-optic-cable-market

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.