Global Optical Fiber Cable Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Belden and HFCL.

Global Optical Fiber Cable Market is expected to grow at a CAGR of 7.36% to reach a market size worth US$12.785 billion by 2028.

The prime factor propelling the growth of the optical fiber cable market is the increasing consumption of optical fiber cables across the telecommunication and IT industries.

As per the report, the optical fiber cable market will witness robust growth over the forecast period.

The expansion in data traffic from numerous sources, including the internet, e-commerce, and multimedia, among others, has created a demand for a transmission medium capable of handling a larger bandwidth for such vast amounts of information leading to the need for the adoption of optical fiber cables across different devices and networks such as mobile and fixed internet networks. Furthermore, reducing latency and enhancing dependability in enormous data transfer procedures create the need to generate optical fiber cables that can handle increased rollout speed. Further, the deployment of additional spectrum to optical fiber cables is resulting in the development and innovation of new product offerings by companies providing telecom services.

In addition, fiber optic cables aid in assisting technologies that require a lot of bandwidth, such as the IoT and 5G network, which are highly dependent on immediate data gathering and transmission processes since fiber optic cables have the scalability, reliability, and unrestricted bandwidth perspective to handle large amounts of backhaul traffic. It is projected that the rollout of 5G optical fiber cables would boost bandwidth and decrease latency for networks propelling the market's growth over the forecast period.

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The optical fiber cable market is segmented into mode, transmission speeds, types, and geography.

By mode, the market has been classified into multi-mode optic fiber cables and single-mode optic fiber cables. The single-mode sector in the optical fiber cable market is estimated to grow significantly over the forecast period. A small core diameter permits a single-mode fiber optic cable to access only one mode of light to penetrate. Consequently, the passage of light in the core creates fewer light reflections, which lowers absorption and allows the signal to travel further. Telephone companies, educational establishments, and CATV providers predominantly consume single-mode optic fiber applications to assist in higher bandwidth runs for greater geographical distances. For instance, STL Company announced the introduction of a new single-mode optical fiber cable as part of its new product range A1 Fiber Solutions, to be used in FTTx applications and 5G network infrastructure in June 2022. Therefore, the rising need for transmission over long distances is a significant factor driving the demand for single-mode optical fiber cables.

Based on transmission speed, the classification has been done into lower than 100G, 100G, 200G, and 400G. The growing number of product offerings at 400G transmission speed by companies such as Tarluz and Tripp Lite is expected to generate a higher growth rate for the 400G sector in the optical fiber cable market. The market has been segmented by type into active optical cable and direct attached cable.

By region the Asia Pacific region is expected to retain a considerable market share due to the rising adoption of the 5G network and beneficial government initiatives. For instance, as a part of the prestigious BharatNet Project of the Indian government, HFCL announced in April 2022 that its installation of optical fiber cable in the state of Jharkhand had been completed. All the 1,789 Gram Panchayats in Jharkhand have access to broadband service due to the completion of connectivity establishment over the 7,765 km-long GPON network by HCFL Company.

The major players covered in the optical fiber cable market are Furukawa Electric Co., Ltd, Yangtze Optical FC, Sterlite Technologies Limited, Belden, HFCL, Zhejiang Flexible Technology Co., Ltd., Shenzhen Sopto Technology Co., Ltd., Seoul Electric Cable Co., Ltd., Evertop Wire Cable Corporation, and Sumitomo Electric Industries, Ltd.

This optical fiber cable market has been analyzed into the following segments:

• By Mode

o Single Mode
o Multi-Mode

• By Transmission Speed

o

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This release was published on openPR.