Press release
Fiber Optical Cable Market Share, Size, Trends, and Forecast from 2024 to 2033 || Amazone Ltd., Rostselmash, China National Machinery Industry Corporation
Fiber Optical Cable Global Market Report 2024
The Business Research Company presents an extensive market research report on the Fiber Optical Cable Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The fiber optical cable market size has grown strongly in recent years. It will grow from $78.56 billion in 2023 to $84.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to investments in telecom infrastructure, internet growth and expansion, digitalization of communication, backbone infrastructure development, globalization and interconnectedness.
The fiber optical cable market size is expected to see strong growth in the next few years. It will grow to $111.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing data consumption, internet expansion in emerging markets, cloud computing and edge computing growth, smart cities and iot adoption, e-commerce and digital services. Major trends in the forecast period include 5g network expansion, internet of things (iot) growth, data center expansion, cloud computing demand, broadband internet access.
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Key Market Players:
Major companies operating in the fiber optical cable market report are Amazone Ltd., Rostselmash, China National Machinery Industry Corporation, John Deere, CNH Industrial N.V., Yanmar Co. Ltd., Kubota Corporation, Mahindra & Mahindra Limited, AGCO Corporation, McCormick Tractors International Ltd., GEA Group, CLAAS KGaA mbH, Valmont Industries Inc., Lovol Heavy Industry Co. Ltd., J.C. Bamford Excavators Ltd., Krone Gruppe, SDF Group, Alamo Group Inc., ISEKI & Co. Ltd., Kuhn Group S.A., Kioti & Co.Ltd., Escorts Group, Grimme Landmaschinenfabrik GmbH & Co. KG, Maschio Gaspardo S.p.A., Lemken GmbH & Co. KG, Kverneland Group ASA, Pöttinger Landtechnik GmbH, Wagner Systems Inc., Klever JSC, MaterMacc S.p.A., Hardi International A/S, Morris Industries Ltd., Kongskilde Industries A/S, Bellota Agrisolutions, APV-Technische Produkte GmbH, Horsch Maschinen GmbH, Krukowiak Pvt. Ltd., Mascar S.p.A., Fullwood JOZ
Market Drivers:
The 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. For example, 4K Ultra High Definition (UHD) TV at homes consumes approximately 15-18 Mbps of data which is three times more than the plain HD TV. By 2022, it is estimated that about 62% of connected flat panel TV sets will be 4K. This focuses on increasing demand for higher bandwidth and increasing video consumption. Thus, the rising demand for faster speed connections and higher bandwidth is driving the fiber optic cable market growth.
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https://www.thebusinessresearchcompany.com/report/fiber-optical-cable-global-market-report
The fiber optical cable market covered in this report is segmented -
1) By Type: Glass Optical Fiber, Plastic Optical Fiber
2) By Product Type: Single-mode Cable, Multi-mode Cable
3) By Application: Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Imaging, Railway, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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