Fibre Optic Cables Market Key Players, End User Demand and Analysis Growth Trends by 2032

The global fiber optics market was valued at USD 4.9 billion in 2022 and is projected to reach USD 8.2 billion by 2027, growing at a cagr 10.9%

Analytics Market Research has added a new key research reports covering Fibre Optic Cables market. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the Fibre Optic Cables market. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Fibre Optic Cables market. The research report relies on global governing bodies as primary sources of data, with independent analysis of the forecast, and objective estimations of the growth.

The Fibre Optic Cables research report will also study market share for major stakeholders in their global capacity as transformers of the global scale. This qualitative and quantitative analysis will include key product offerings, key differentiators, revenue share, market size, market status, and strategies. The report will also cover key agreements, collaborations, and global partnership soon to change dynamics of the market on a global scale.

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Modern revolutionary fibre optics technology has developed as a result of rigorous investigations carried out by scientists and researchers around the world through substantial research and development. To link fibre optic channels that are extremely shielded and precisely aligned, several connector manufacturers are extending their product lines. For instance, to meet the rising demand for fibre optic connection applications in the oil and gas, medical, and power transmission industries, Amphenol Corporation, a U.S.-based manufacturer of electronic connectors, enhanced its Amphe-Lite connector line in July 2020.

Due to greater deployment of installed fibre, increased network capacity, and improved spectral efficiency, fibre optic cables buried beneath the sea are becoming more and more popular. This expansion in the market is a result of these factors. Additionally, the main advantage of fibre optic cables buried beneath the water is the ability to send massive volumes of data quickly and evolve to support the creation of new technologies. For instance, to offer the Union Territory more affordable and effective telecom connectivity, the Indian government opened a submarine optical fibre cable in August 2020 connecting the Andaman and Nicobar Islands to the mainland. With the use of this project, the Andaman and Nicobar Islands would be able to improve telemedicine, banking, internet trading, and tourism.

Type Insights

Due to its low cost and widespread application in illumination and surgical lighting in the healthcare industry, the multi-mode fibre optic segment will hold the majority of the market share in 2022, accounting for 53.6% of total revenue. In order to attain improved quality, efficiency, and resolution, multi-mode fibre optics is also utilised in medical equipment and diagnostics, operating rooms, telemedicine, and medical imaging. For communication, lighting, and sensor needs in automotive applications, the multi-mode category also offers a solution. Additionally, because of its high bandwidth and low cost, the multi-mode segment is rapidly being adopted as the preferred communication medium for mission-critical applications.

Application Insights

With a revenue share of 41.7% in 2022, the telecom category will continue to rule the industry. Due to the technology's growing use in communication and data transmission services, fibre optics technology's growth prospects in the telecom sector look positive. High-speed data transfer services for both short- and long-distance communications are made possible by fibre optics. The need for fibre optic installations is rising as cloud-based applications, video-on-demand (VoD) services, and audio-video services gain popularity. Additionally, optical communications made it possible to build telecommunications networks over a much longer distances and with a lot less medium loss.

Region Insights

In 2022, the Asia Pacific region held a 28.8% revenue share of the global market. The expansion of the market in the North American area is attributable to rising technological developments, widespread usage in the IT & telecommunications, administrative, and development of fiber-integrated infrastructure sectors. The favourable expansion of fibre optics in this area is also driven by the rising demand for Internet of Things (IoT) and connected devices as well as the expanding deployment of broadband network platforms such Fiber to the Premise, Fiber to the Building, Fiber to the Home, and Fiber to the Cabinet. Additionally, the need for fibre optic networks, which fuels the demand for fibre optic cables, has greatly increased in North America due to the rising popularity of connected wearables, smartphones, and tablets.

Market Segmentation
Global Fibre Optic Cables Market: Segmentations

Global Fibre Optic Cables Market: By Key Players
Prysmian
HTGD
Furukawa
Corning
YOFC
Futong
Fujikura
Sumitomo
Tongding
CommScope
Sterlite
FiberHome
Jiangsu Etern
ZTT
Belden
Nexans
Kaile
LS Cable＆System

Global Fibre Optic Cables Market: By Types
Single-mode Optical Cable
Multimode Optical Cable

Global Fibre Optic Cables Market: By Applications
Long Haul Communication
FTTX
Local Access Network

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Global Fibre Optic Cables Market: Regional Analysis
The countries covered in the regional analysis of the Global Fibre Optic Cables market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.

• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.

• Porter's Five Force Model and SWOT analysis are used to study the global Fibre Optic Cables market and would help stakeholders make strategic decisions.

• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.

• In-depth analysis of the types of Fibre Optic Cables would help in identifying future applications in this market.

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