Fiber Optic Cable Market Increase in the R&D activities For Better Internet Experience

According to Precision Business Insights (PBI), the latest report, the market value of the fiber optic cable market size is expected to be valued at USD 5,462.3 million in 2022 and is expected to grow at a CAGR of 11.3% in 2022-2028. The primary factors that drive the market are rising internet infiltration and data traffic, an increasing number of data center amenities worldwide, and growing demand for high bandwidth.

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Glass to Dominate the Fiber Optic Cable Market:
Based on fiber type, glass holds the highest market share. Glass optical fibers have a better numerical aperture than plastic optical fibers, permitting more light rays to arrive at the system. They have a substantially larger range, successively from 200 to 2200nm. The exceptional performance of glass fiber optics in demanding circumstances with severe temperatures and eroding chemicals and its capacity to transmit infrared and visible light can drive the global fiber optic cable market growth.

Asia Pacific Fiber Optic Cable Market:
The Asia Pacific region is expected to grow significantly in the global fiber optic cable market over the forecast period. The Asia Pacific region is expanding as a result of the impenetrable network of optical fiber networks and increasingly investing in new optical fiber infrastructure. Apart from this, the increasing use of fiber optic cables to transmit signals with the slightest loss are some of the reasons for the potential growth of the market in these regions.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global fiber optic cable market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In November 2021, Sumitomo Electric Industries, Ltd. (Japan) launched new ITU-T G.654.E terrestrial extreme low-loss optical fibers and cables.

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The fiber optic cable market is segmented based on fiber type, cable type, application type, deployment type, and region.
Based on the fiber type, the market is segmented into the following:
• Glass
• Plastic

Based on the cable type, the market is segmented into the following:
• Single-mode
• Multi-mode

Based on the application, the market is segmented into the following:
• Communication
• Telecom
• Premises
• Utility
• CATV
• Military
• Industrial
• Others (Security and Metropolitan Networks)
• Non-communication
• Sensors
• Fiber Optic Lighting

Based on the deployment type, the market is segmented into the following:
• Underground
• Underwater
• Aerial

Based on the region, the market is segmented into the following:
• Asia Pacific
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the Fiber Optic Cable market report are Prysmian Group, W.L. Gore & Associates, Fujikura Ltd., STL TECH, II-VI Incorporated, Sumitomo Electric Industries, Ltd., Nexans, Reflex Photonics Inc., Tata Communications., Tongding Group Co., Ltd., and Amphenol

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