Fiber Optic Cable Market Rising Trends and Technology Outlook 2021 to 2027: Corning Inc., Sumitomo Electric Industries Ltd, Finisar Corporation, Leoni AG

The Fiber Optic Cable Market report 2021-2027 presents an in-depth assessment of key trends, current scenarios, challenges, standardization, regulatory landscape, and deployment models. Historical and futuristic case studies, opportunities, future roadmap, value chain, Key player profiles, and strategies lead to builds stronger business decisions. This report covers the pre and post Covid-19 impact analysis and gives expert reviews to overcome it. The report also presents forecasts for Fiber Optic Cable from 2021 till 2027.

The global fiber optic cable market (henceforth, referred to as the market studied) was valued at USD 7,578.1 million in 2019, and it is expected to reach USD 16,390.6 million by 2025, registering a CAGR of 14.5% during the period, 2020-2025

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Key Players:

Corning Inc., Sumitomo Electric Industries Ltd, Finisar Corporation, Leoni AG, Prysmian Group, Coherent Inc., Furukawa Electric Co. Ltd, LS Cable & System (LS Group), Sterlite Technologies Ltd, Yangtze Optical Fiber and Cable Joint Stock Ltd Co., Hengtong Group Co. Ltd, Fujikura Ltd, Nexans SA, Commscope Inc., Hitachi Cable America Inc. (Hitachi Cable), Nestor Cables Ltd, and others.

Key Market Trends:

IT and Telecom Sector is Expected to Witness Significant Growth

- Optical fiber cable (OFC) is a significant building block in the telecommunication infrastructure. Over the last decade, fiber optics are catering to aggressive bandwidth demands, especially telecommunication companies, and have become the preferred transmission medium

- Moreover, owing to their security, scalability, and the unlimited bandwidth potential to handle the vast amount of backhaul traffic being generated, fiber optic cables are also being chosen to support the bandwidth levels catering to advanced technologies like 5G, Big Data, and IoT that rely heavily on real-time data collection and transfer. The launch of 5G is expected to enhance the capacity and lower latency straight to networks.

Asia-Pacific is Expected to Hold Major Market Share

- Increasing the adoption of fiber optics cables to transmit signals with a minimum amount of loss has been growing in the country. By the end of 2016, 80% of China's broadband connection was by fiber making country, the world leader in FTTP. By 2019, this figure reached 91%, some 396 million premises, according to the China Internet Network Information Center(CNNIC) 2019 survey.

- Moreover, the increasing demand for OFC from the IT & telecom sector, rising number of mobile devices, increasing adoption of FTTH (Fiber to the Home) connectivity, and surging number of data centers is further anticipated to fuel fiber optic cables market in India over the coming years.

Competitive Landscape:

- March 2020 - The company announced the acquisition of Thunderbolt 3 certification for its new active optical cables (AOCs) from Intel Corporation, the company that established the Thunderbolt 3 standard. Sumitomo Electric developed 40 Gbps Thunderbolt 3 AOCs for high-speed transmission to meet the demand for long-distance transmission.

- March 2020 - The company announced the introduction of the industry’s first pluggable optical line subsystem (POLS) platform to enable the emerging 400ZR coherent transceiver ecosystem for next-generation data center interconnects (DCIs).

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Influence of the Fiber Optic Cable Market Report:

-Comprehensive assessment of all opportunities and risks in the Fiber Optic Cable market.
-The detailed study of business strategies for the growth of the Fiber Optic Cable market-leading players.
-Conclusive study about the growth plot of the market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Fiber Optic Cable Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. Analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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