13.50% CAGR of "Fibre Optic Cables Market" Trends Analysis by Type, Deployment, Application, Region, Cable Type, and Competitive Analysis

Fibre Optics Market: by Fibre Type (Glass, Plastic), Cable Type (Single-mode, Multi-mode), Deployment (Underground, Underwater, Aerial), Application, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Fibre Optic Cables Market size is projected to reach a CAGR of 13.50% from 2023-2030.

International Fibre Optic Cables Market report provides statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. The report also plays key role in keeping hold of reputation of the firm and its products. The Fibre Optic Cables Market report contains all the information including market definition, classifications, applications, and engagements while also detailing about what the major players are doing in respect of product launches, joint ventures, developments, mergers and acquisitions and how it is affecting the market in terms of sales, import, export, revenue and CAGR values for the market.

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Fibre optics is one of the methods of transmitting information that works by sending pulses of light through an optical fibre. The light transmitted then forms an electromagnetic carrier wave modulated to carry information. Fibre optics cable is used mainly for the digital transmission of data and is increasingly being used owing to its efficiency and high transmission capacity. Fibre optics cables are used usually when high bandwidth, long distance, or immunity from external or internal interferences are required.

The use of fibre optic cable across a large number of end-use industries will propel the growth of the global market. Advantages of fibre optic cable such as longer reach and high bandwidth connectivity are projected to have a profound impact on the growth structure of the market. Furthermore, the high preference for the telecommunication sector and data centres is anticipated to accelerate the growth prospects of the fibre optic cable market. Fibre optic cables are flexible devices that are designed for long-distance and high-performance telecommunication. The need for improved connectivity in both residential and commercial segments will present a wide range of growth opportunities for the fibre optic cable market.

On the other hand, easy access to the internet in remote areas using wireless devices, and the high initial cost restrain the growth of the market.

The COVID-19 pandemic has led to an increase in work-from-home (WFH) due to the stay-at-home orders enforced by numerous countries. This aspect has boosted the installation of home broadband connections. Furthermore, due to the evolving nature of the novel coronavirus and with more companies preferring remote work for longer periods, the demand for home broadband connections is increasing. Hence, the need for an FTTH communication network is leading to the exponential growth of the fibre optic cable market.

Top players covered in Fibre Optic Cables Market report:

AFC Cable Systems
Corning Inc
Fujikura Ltd
Furukawa Electric Co. Ltd
Hitachi Cable Ltd
Optical Cable Corporation
Prysmian Group
Sterlite technologies Ltd
Sumitomo Electric Industries Ltd
Yangtze Optical Fibre & Cable

In May 2022, Corning Incorporated (US) announced the expansion of its MiniXtend cable portfolio, with the introduction of MiniXtend HD cables for 12 to 72 fibres and MiniXtend XD cables for 192 and 288 fibres. The new MiniXtend HD cables and MiniXtend XD cables deliver high density, duct space efficiency, and reduced carbon footprint.

In November 2021, Sumitomo Electric Industries, Ltd. (Japan) launched new ITU-T G.654.E terrestrial ultra-low-loss optical fibres and cables through its PureAdvance series. The new products, i.e., ultra-low-loss optical fibres and cables are suitable for broadband applications.

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Fibre Optic Cables Market Key Findings:

The fibre-type segment is further fragmented into Glass and Plastic. The glass segment is expected to lead the market during the forecast period. Glass optical fibres have a larger numerical aperture than plastic, allowing more light rays into the system. They can transfer a much wider spectrum, ranging from 200-2200nm. The high performance of glass fibre optics in challenging environments with extreme temperatures and corrosive chemicals, and their ability to transmit both visible and infrared light are major factors for the growth of this segment.

The cable type segment is further bifurcated into Single-mode and multi-mode. The single-mode segment is anticipated to dominate the market during the forecast period. A single-mode fibre optic cable has a smaller core of about 9 µm in diameter compared to a multi-mode fibre optic cable with a core diameter of 50 µm or above. Single-mode fibre optic cables can carry signals at a much greater speed and over longer distances compared to multi-mode fibres. The dominance of single-mode fibre optics cable is mainly due to their increased demand from long-distance transmission applications.

The deployment segment is further segmented into Underground, Underwater and Aerial. The aerial segment is anticipated to dominate the market during the forecast period. The rising penetration of Fibre to the Home (FTTH) services is expected to increase aerial fibre deployments. Aerial deployment helps to achieve faster installations of fibre optics compared to underground deployment. It also requires low repair and maintenance costs, which will further support the segment's growth.

The application segment is further fragmented into Communication and Non-communication. The communication segment is anticipated to have the highest CAGR during the forecast period. The high market share is majorly attributed to the increasing adoption of fibre optics from the telecom sector. In the telecom sector, fibre optics are used for various purposes, such as point-to-point communication, entertainment, content delivery network, access to Internet-enabled services, critical communication, and news & infotainment. Factors such as an increasing Internet user base, low-cost services offered by service providers, availability of inexpensive communication devices, and a growing number of subscribers for various wireless as well as fixed-point communication devices are responsible for its growth.

Regional Analysis

Asia Pacific to Dominate the Market

Asia Pacific is expected to hold the largest share of the fibre optics market during the forecast period. The high market share is credited to the increasing government initiatives to support fibre optics deployment across the region.

Extensive deployment of 5G base stations across China, South Korea, and Japan will support the market growth in the region.

Delvens Industry Expert's Standpoint

The market for fibre optic cables is a developing sector with substantial development potential, driven by the rising demand for high-speed data transport and the expanding use of fibre optic cables in a variety of applications. Although North America and Europe are also key markets, the Asia-Pacific region is anticipated to dominate the industry. To address the rising demand, major market players are concentrating on boosting their product lines and creating novel solutions. In the upcoming years, the market is anticipated to develop steadily, opening up new business prospects and spurring technological breakthroughs in the area of communication infrastructure.

Table of Contents

Fibre Optic Cables Market is segmented into various segments such as fibre type, cable type, deployment, application and region:

On the basis of fibre type

Glass
Plastic

On the basis of cable type

Single-mode
Multi-mode

On the basis of deployment

Underground
Underwater
Aerial

On the basis of the application

Communication
Non-communication

On the basis of region

Asia Pacific
North America
Europe
South America
Middle East & Africa

The prominent players in Fibre Optic Cables Market are

AFC Cable Systems
Corning Inc
Fujikura Ltd
Furukawa Electric Co. Ltd
Hitachi Cable Ltd
Optical Cable Corporation
Prysmian Group
Sterlite technologies Ltd
Sumitomo Electric Industries Ltd
Yangtze Optical Fibre & Cable

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