Analysis of Fiber Optic Cable Market with Top Key Players Like Finolex Cables Limited, OFS Fitel, LLC, Prysmian Group, Forecast to 2030

The studied report on the Fiber Optic Cable Market has recently been published by Absolute Markets Insights which helps to make erudite business decisions. The report is an extensive source of information of various market attributes such as market size, growth, strategies, demands and shares. The detailed research report further also identifies some significant market segments while scrutinizing the market parameters.

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With rise in demand for Internet of Things (IoT) and subsequent rise in number of connected devices, data transmission has become important for the concerned users. According to the Ericsson mobility report, by the end of 2016, there were approximately 400 million IoT devices with cellphone connection. With increasing adoption of IoT technology coupled with concerned Fiber Optic Cable Market will generate huge incremental opportunity, over the forecast time period.
In spite of many advantages over alternative solution, Fiber Optic Cable Market growth is taking a hit due to high upfront costs and complex technicalities in the installation. Many small and medium enterprises face cost challenge and refrain from opting for fiber optics.

Key Findings of the Report:
• Multimode market segment held more accounted for more than US$ 3.3 billion in 2021 and is estimated to witness robust growth over the forecast timeframe. The growth is attributed to its high quality and accuracy. Plastic optic fiber is projected to grow at highest growth rate. The high growth is due its adoption across varied industry verticals.
• Telecom and Broadband market segment is expected to dominate during the study period, owing to growing adoption of technology in data transmission services. Moreover, increasing cloud-based services such as video on demand & audio video services expected to stimulate Fiber Optic Cable Market growth.
• Geographical expansion, introduction of new products, acquisition and collaboration are some of the strategies adopted by companies to expand their reach and gain competitive advantage.

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Key industry participants in the Fiber Optic Cable Market:
Corning Incorporated, Sterlite Technologies Limited, Finolex Cables Limited, OFS Fitel, LLC, Prysmian Group, AFL, Optical Cable Corporation (OCC), Birla Furukawa Fiber Optics Limited, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC).

Additionally, IoT, Big Data, 5G rely mostly on real time data collection and transfer. Fiber optics has much larger bandwidth potential, which makes it ideal candidate to such high bandwidth levels; therefore, rapid adoption of fiber optics is highly anticipated.

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Key Market Segments of Fiber Optic Cable Market are:
By Type:
• Single Mode
• Multimode
• Plastic Optical Fiber

By Application:
• Cable Television
• Military/Aerospace
• Oil & Gas
• Private Data Network
• Telecom & Broadband
• Utilities
• Healthcare
• Transportation
• Others

By Geography:
• North America
• U.S.
• Canada
• Mexico
• Rest of North America
• Europe
• France
• The UK
• Spain
• Germany
• Italy
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia Pacific
• Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of Middle East & Africa
• Latin America
• Argentina
• Brazil
• Rest of Latin America
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