Fiber Optic Cable Market 2021 Precise Outlook- Corning Inc., Sumitomo Electric Industries Ltd, Finisar Corporation, AFL Communications LLC

The report presents an in-depth assessment of the Fiber Optic Cable Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Fiber Optic Cable from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The fiber optic cable market was valued at USD 7.3 million in 2019 and is expected to reach USD 14.6 million by 2025, at a CAGR of 12.26% over the forecast period 2020 - 2025. 

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Fiber Optic Cable Market: Corning Inc., Sumitomo Electric Industries Ltd, Finisar Corporation, AFL Communications LLC, Prysmian Group, Coherent Inc., General Cable Corporation, LS Cable & System (LS Group), Sterlite Technologies Ltd, Yangtze Optical Fiber and Cable Joint Stock Ltd Co., Hengtong (HTGD, Fujikura Ltd, Futong Holdings, Furukawa Electric Co., Ltd. and others.

Industry News:

- January 2019 - Leoni and Hengtong established a joint venture for the manufacture of single-mode fibers in Europe. The expansion of broadband in Germany and other European countries and the growing demand for data centers require high-performance single-mode fibers as a key element in optical cables. Leoni and Hengtong are combining their strengths in order to service this growing demand.
- March 2018 - Finisar Corporation, a prominent player in the optical communications module, launched the industry's first 400G QSFP-DD active optical cable and transceivers, for switching and routing applications. The company, in joint collaboration with Cisco, demonstrated the 400G QSFP-DD AOC running traffic through Ciscos demonstration switch, at OFC 2018.

Scope of the Report
Fiber optics is one of the methods of transmitting information that works by sending pulses of light through an optical fiber. The light transmitted then forms an electromagnetic carrier wave modulated to carry information. Optical fiber cable (OFC), especially for telecommunication companies, has become a preferred transmission medium catering to aggressive bandwidth demands. Furthermore, increasing cloud-based applications, audio-video services, and Video-on-Demand (VoD) services stimulate demand of fiber optic cable.

Regional Analysis For Fiber Optic Cable Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

IT and Telecom Sector Offers Potential Growth

- Fiber optics is a major building block in the telecommunication infrastructure. With the explosion of information traffic due to the Internet, electronic commerce, computer networks, multimedia, voice, data, and video, the need for a transmission medium with the bandwidth capabilities for handling such vast amounts of information is paramount. Fiber optics, with its comparatively infinite bandwidth, has proven to be the solution.
- Additionally, with the emergence of 5G, IoT and Big Data will rely heavily on real-time data collection and transfer. And because of fiber optics unlimited bandwidth potential, fiberoptics cable is chosen to support these bandwidth levels.
- Further, to achieve expected performance levels for 5G networks, more small cells (or nodes) and mobile edge computing will be needed to eliminate network bottlenecks. These small-cell deployments often utilize the millimeter wave spectrum, relying heavily on fiber cabled connections for the backhaul portion of the network.
- The launch of 5G will bring enhanced capacity and lower latency straight to networks. Fiber optics cable is the preferred option for 5G because of its scalability, security, and ability to handle the vast amount of backhaul traffic being generated. This in return will create a huge market opportunity for the fiber optic cable market in IT and Telecom.

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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. The 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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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