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Global Fiber Optical Cable Market Segments And Forecast From 2022-2031 | Corning Inc., Sumitomo Electric Industries Ltd, Prysmian Group, Sterlite Technologies Ltd, Fujikura Ltd
Fiber Optic Cable Market
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The global Fiber Optic Cable market report by the business research company rising demand for higher bandwidth and faster speed connections will enhance the growth of the fiber optic cable market. There is a surge in demand for high bandwidth from enterprises and individuals due to increased use of the internet for video calls, gaming, online shopping, and social media. Fiber optic cable use light to transmit data instead of electricity so that it can enhance and speed up the internet connections that are capable of handling higher bandwidth.
The global fiber optical cable market grew from $66.54 billion in 2021 to $87.47 billion in 2022 at a compound annual growth rate (CAGR) of 31.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The fiber optical cable market is expected to grow to $197.92 billion in 2026 at a CAGR of 22.6%.
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Asia Pacific was the largest region in the fiber optic cable market in 2021. North America was the second-largest region in the fiber optic cable market. The regions covered in the fiber optic cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the fiber optic cable market are Corning Inc., Sumitomo Electric Industries Ltd, Prysmian Group, Sterlite Technologies Ltd, Fujikura Ltd, TE Connectivity, 3M, Amphenol, Molex, Prysmian, Finisar Corporation, and AFL Communications LLC.
The global fiber optical cable market is segmented -
1) By Product Type: Single-mode Cable, Multi-mode Cable
2) By Application: Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Imaging, Railway, Others
3) By Type: Glass Optical Fiber, Plastic Optical Fiber
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The Fiber Optic Cable Market Report Contents Include
1. Executive Summary
2. Fiber Optic Cable Market Characteristics
3. Fiber Optic Cable Market Trends And Strategies
4. Fiber Optic Cable Market - Macro Economic Scenario
5. Fiber Optic Cable Market Size And Growth
....
26. Africa Fiber Optic Cable Market
27. Fiber Optic Cable Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fiber Optic Cable Market
29. Fiber Optic Cable Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the Fiber Optic Cable market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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