openPR Logo
Press release

Fiber Optic Cables Market Analysis Is Expected To Reach US$ 7.95 Bn by 2026 | Credence Research

05-23-2019 10:52 AM CET | Science & Education

Press release from: Global Sales Manager

According to a new market report published by Credence Research Inc., “Global Fiber Optic Cables Market (By Cable Type (Single Mode and Multi-mode), By Optical Fiber Type (Glass Optical Fiber and Plastic Optical Fiber), By Application (Banking, Financial Services, and Insurance (BFSI), Military & Aerospace, Oil & Gas, Medical, Telecom and Others))- Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global fiber optic cables market is expected to demonstrate a CAGR of 7.2% during the forecast period to reach US$ 7.95 Bn by 2026.

Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/59002

Product Insights

The most prominent factor driving the fiber optic cables market growth is rapidly growing internet traffic worldwide. With increasing proliferation of mobile devices, number of internet users is on rapid rise since the past few years. As of March 2017, there were nearly 3.74 Bn internet users across the globe, resulting into higher requirement of internet bandwidth. The demand for unceasing bandwidth is yielding significant growth in the global fiber optic cables market. Fiber optic cable provides a constant, stable and fast internet connection that allows high speed data transfer with minimal interference. In recent past, it has become noticeable that fiber optic cables are rapidly replacing copper cables and other metal wires due to their wide range of advantages over electrical transmission. Some of the main advantages of fiber optic cables are as below:

• Higher bandwidth with less attenuation
• High information carrying capacity
• Resists electromagnetic interference
• Low signal degradation
• Light-weighted
• Smaller size
• Ease of accommodating increasing bandwidth

Furthermore, increasing expenditure on network infrastructure development is another major factor pushing the demand for fiber optic cables.
Considering the immense benefits of fiber optic cables, more number of network providers are shifting towards establishing optical networks. Advent of Internet of Things (IoT) is expected to generate high demand for internet bandwidth in the following years. Thus, growing number of connected devices is expected to further support the market growth. However, high installation costs coupled with complex installation process of fiber optic cables acts as a restrain to the market. In addition, lack of industry standards have also hindered the demand for fiber optic cables in industrial environments as well as in subscriber networks

Do Inquiry before buying research report: https://www.credenceresearch.com/inquiry-before-buying/59002

Competitive Insights:

The growth of fiber optic cables has been very rapid in recent years with ubiquitous demand for high-speed internet. As a result, market players emphasize on developing more sophisticated optical cables that can offer high speed internet with reduced need for amplifiers. In addition, mergers & acquisitions have emerged as a prominent strategy for market players seeking to expand their business. For instance, in 2017, Corning, Inc. announced the acquisition of 3M’s Communications Unit. The acquisition is completed to help Corning further expand its geographic reach and optical product offerings. Major players identified in the global fiber optic cable market include Corning, Inc., Finisar Corporation, Prysmian Group, AFL Telecommunications LLC, Sumitomo Electric Industries, Ltd., LS Cable & System Ltd., LEONI, Furukawa Electric Co., Ltd., Finolex Cables Ltd., General Cable Technologies Corporation, Yangtze Optical Fiber and Cable Joint Stock Ltd. Co. and Sterlite Technologies Ltd.

By Fiber Type Segment (2016-2026; US$ Bn)
• Single Mode
• Multi-mode

By Material Segment (2016-2026; US$ Bn)
• Glass Optical Fiber
• Plastic Optical Fiber

By Application Segment (2016-2026; US$ Bn)
• Banking, Financial Services & Insurance (BFSI)
• Defense & Aerospace
• Oil & Gas
• Healthcare
• Telecom
• Others (Transportation, Industrial, etc.)

By Geography Segment (2016-2026; US$ Bn)
• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World

Browse the full report at https://www.credenceresearch.com/report/fiber-optic-cables-market

About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
Toll-Free (US/CANADA) Ph.: +1-800-361-8290
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fiber Optic Cables Market Analysis Is Expected To Reach US$ 7.95 Bn by 2026 | Credence Research here

News-ID: 1750109 • Views: 490

More Releases from Global Sales Manager

Roofing Underlayment Market Is Expected To Reach US$ 44,490 Million By 2025
The latest market report published by Credence Research, Inc. "Roofing Underlayment Market - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025," the global roofing underlayment market was valued at US$ 27,478.6 Mn in 2016, and is expected to reach US$ 44,490.5 Mn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025. Browse Full Report at https://www.credenceresearch.com/report/roofing-underlayment-market Market Insights The global roofing underlayment market has witnessed a significant rise in
Integrated Traffic System Market Is Expected To Reach US$ 41.06 Bn by 2027
According to a new market research report published by Credence Research, “Integrated Traffic System Market - Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the global integrated traffic systems market was valued at US$ 21.98 Bn in 2018 and is expected to reach US$ 41.06 Bn expanding at a CAGR of 7.2% during the forecast period from 2019 to 2027. Market Insights The combination of factors including rapid urbanization, rise in car
Underground Mining Equipment Market Is Expected To Reach US$ 38.9 Bn by 2026 | C …
According to a new market report published by Credence Research Inc “Underground Mining Equipment Market Underground Mining Equipment Market By Application (Coal Mining, Metal Mining and Minerals Mining), By Mining Method (Longwall Extraction and Room and Pillar Extraction) — Growth, Share, Opportunities & Competitive Analysis, 2018–2026,” the global underground mining equipment market is predicted to witness steady growth rising demand for metals and minerals and improving economic conditions throughout the forecast period. The
Global Air Traffic Control Equipment Market To Expand At A CAGR Of 5.8% Between …
According to a new market research report published by Credence Research, “Air Traffic Control Equipment Market (by End-use (Defense & Commercial), by Equipment Type (Communication Equipment, Navigation Equipment, Surveillance Equipment, and Others), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2018 -2026”, the global air traffic control equipment market is expected to expand at a CAGR of 5.8% during

All 5 Releases


More Releases for Fiber

Global Hollow Fiber Filtration Market
Global Hollow Fiber Filtration Market was valued US$ 242.0 Mn in 2017 and is estimated to reach US$ 710.4 Mn by 2026, at a CAGR of 14.41% during a forecast period. For More Information Visit https://www.maximizemarketresearch.com/market-report/global-hollow-fiber-filtration-market/16948/ Hollow Fiber Filtration Market is segmented into Technique, Material, Application, by End-user and Region. In terms of Technique is classified into Microfiltration and Ultrafiltration. In terms of Material, the Hollow Fiber Filtration Market is categorized into
Advancements in Blended Fiber Market
Blended fiber is manufactured by blending or mixing two or more different kinds of fiber to create a new fiber having unique properties. Blended fabrics are manufactured to cater to particular applications that require specific properties. Various kinds of blended fiber can be prepared with different properties for varied applications. Read report overview at: https://www.transparencymarketresearch.com/blended-fiber-market.html Based on raw materials used for making blended fiber, the blended fiber market can be categorized
Graphite Fiber Felt Market Outlook 2023 Ceramaterials, Fiber Materials
A market study ” Global Graphite Fiber Felt Market ” examines the performance of the Graphite Fiber Felt market Size 2017. It encloses an in-depth Research of the Graphite Fiber Felt market state and the competitive landscape globally. This report analyzes the potential of Graphite Fiber Felt market in the present and the future prospects from various angles in detail. Get Free Sample Of Report: https://goo.gl/x9GJpP The Global Graphite Fiber Felt Market
Global Concrete Fiber Market 2017: Anteng Gangxianwei, Taian Tongban Fiber, Junw …
Global Concrete Fiber research report provides the complete and precise view of the market during the forecast period from 2017-2022. The Concrete Fiber market Report enlists the different factors which can help the readers in transforming their knowledge into vital business decisions. To start with the Concrete Fiber report analyses the market development based on market gains, extensive product applications, dominant market regions and the companies within these regions. At an
Natural Fiber Composites Market
With the increasing concern due to the recyclability and biodegradability composites such as glass and carbon, natural fiber composites serves as perfect replacement. Attributing to added properties such as high durability, low density, lightweight and cost effectiveness, natural fiber composites have gained significant traction. Natural fiber composites are reinforced matrices structure formed using natural fibers. Natural fiber such as coir, jute, bagasse, cotton, bamboo, hemp are used to manufacture high
Global Knitting Carbon Fiber Cloth Market 2017 : SGL, Zhongfushenying Carbon Fib …
Knitting Carbon Fiber Cloth A market study based on the " Knitting Carbon Fiber Cloth Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Knitting Carbon Fiber Cloth Market 2017’. The research report analyses the historical as well as present performance of the worldwide Knitting Carbon Fiber Cloth industry, and makes predictions on the future status of Knitting Carbon Fiber Cloth market on the