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Multimode-Fiber Cable Market Size, Share, Trends, Analysis And Forecast To 2024-2033
Multimode-Fiber Cable Market Size
As per the report, the multimode-fiber cable market size has grown rapidly in recent years. It will grow from $11.68 billion in 2023 to $12.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The multimode-fiber cable market size is expected to see marginal growth in the next few years. It will grow to $12.95 billion in 2028 at a compound annual growth rate (CAGR) of 0.1%.
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Evolving Connectivity Demands Fuelling Growth In The Multimode-Fiber Cable Market
Rising demand for higher bandwidth and faster speed connections will enhance the growth of the multimode-fiber cable market. There is a surge 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 depends on light to transmit data instead of electricity so that it can 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 focus on increasing demand for higher bandwidth increasing video consumption. Thus, rising demand for faster speed connections and higher bandwidth is driving the growth of the multimode-fiber cable market.
Technological Advancements In Fiber Optic Cables Driving Growth Through Wavelength Division Multiplexing (WDM)
The technological advancement in the fiber optic cable act as a key trend driving the growth of the multimode- fiber cable market. Wavelength division multiplexing (WDM) is the recent technological improvement in the fiber cables. Wavelength division multiplexing is a technique of multiplexing the number of optical carrier signals through a single optical fiber channel by varying the wavelengths of laser lights. WDM allows communication in all directions in fiber cable. WDMs are used on a single optical fiber to blend light signals coming from different optical fibers. This is attained by using a coupler at the WDM input. In 2023, Asia-pacific is expected to be the fastest-growing market for WDMs and multiple companies in China such as ZG Technology, Optic Network Technology, are the leading manufacturers and suppliers of WDMs.
The multimode-fiber cable market covered in this report is segmented -
1) By Product Type: Step Index Fiber, Gradient Type
2) By Cable Type: Single-mode Cable, Multi-mode Cable
3) By Material Type: Plastics Optical Fiber, Glass Optical Fiber
4) By Application: IT & Telecom, Government, Energy, Automotive, Industries, Other Applications
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Major companies operating in the multimode-fiber cable market include Corning Incorporated, TE Connectivity Ltd., CommScope Inc., 3M Company, Fujikura Ltd., Amphenol Corporation, Molex LLC, Prysmian Group, OFS Furukawa, Belden Inc., Sumitomo Electric Industries Ltd., HUBER+SUHNER AG, Nexans S.A., LS Cable & System Ltd., Aptiv PLC, Yangtze Optical Fibre and Cable Joint Stock Limited Company, HTGD (Hengtong Group Dalian Hengtong Optic-Electric Co. Ltd.), Radiall, AFL (AFL Telecommunications), Furukawa Electric Co. Ltd., Optical Cable Corporation, Berk-Tek (a Nexans company), Leviton Manufacturing Co. Inc., Panduit Corporation, Superior Essex Inc., Yangtze Optical Fibre and Cable Joint Stock Limited Company (Futong), Tongding, FiberHome Technologies Group, General Cable Technologies Corporation, Kaile Science & Technology Co. Ltd., Hengtong Group Co. Ltd., Infinera Corporation, Hindustan Cables Limited, Leoni AG, Panduit Corporation, Siemon Company, Sterlite Technologies Limited, Superior Essex Inc., Thorlabs Inc., Timbercon Inc., Transition Networks Inc., VIAVI Solutions Inc.
Contents of the report:
1. Executive Summary
2. Multimode-Fiber Cable Market Report Structure
3. Multimode-Fiber Cable Market Trends And Strategies
4. Multimode-Fiber Cable Market - Macro Economic Scenario
5. Multimode-Fiber Cable Market Size And Growth
…..
27. Multimode-Fiber Cable Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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