EMEA Fiber Optic Cable Market Increasing Demand For High-Speed Internet And Data Transmission Will Bolster The Sales Outlook

The market of fiber optic cable is valued at around USD 1.67 billion in 2023 and is forecast to reach around USD 2.26 billion by the end of 2029 witnessing a growth rate of 5.1% CAGR in between the forecast period 2024-2030. Telecommunication infrastructure developments, expanding of the broadband network across the region, integration of the industries with data centres, demand for high speed internet are influencing the demand for the market growth over the EMEA region. The market presents a dynamic landscape driven by innovation, sustainability, capitalization of emerging opportunities. The market further sees a notable trend towards enhanced durability and environmental sustainability, with incorporation of eco-friendly materials and advanced manufacturing techniques for enhancement of the production.

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THE FIBER OPTIC CABLE MARKET DETAILED SEGMENTATION:
Based on the fiber type, the market is segmented into the following:
• Glass,
• Plastic

Based on the cable type, the market is categorized into the following:
• Single-mode,
• Multi-mode

Single mode is experiencing high demand propelled by long-distance telecommunications, backbone networks, and high-speed data transmission applications, with a growing emphasis on high-bandwidth connectivity across the EMEA region. Demand remains substantial due to the critical role in national and international telecommunications infrastructure building and connecting various parts of the regions. Single mode segment is estimated to account for around four fifth of the overall market demand. Growth in the 5G network, IoT system and advancement in the technology are benefiting the segment growth outlook.

Based on the deployment type, the market is categorized into the following:
• Underground,
• Underwater,
• Aerial

Based on the application, the market is categorized into the following:
• Communication,
• Telecom,
• Premises,
• Utility,
• CATV,
• Military,
• Industrial,
• Non-communication,
• Sensors,
• Fiber Optic Lighting, and
• Others

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On the basis of applications, the demand for fiber optic cable into the communication segment is driving the overall market growth outlook and sales in the communication segment to remain around 4.7% over the assessment period in terms of volume. Fiber optics play a crucial role in enabling reliable and high-bandwidth communication infrastructure, supporting services such as broadband internet, mobile networks, and digital television. Communication applications are driven by increasing demand for high-speed data transmission, internet connectivity, and telecommunication networks in the region of EMEA. Industrial automation sector growth in the recent times are also influencing the demand in the communication applications.

The telecommunication sector is boosting substantial demand for fiber optic cables in the region, and the segmentation is supported by high-speed data transmission and network connectivity. Fiber optics play a major role in telecommunication infrastructure, enabling expansion of broadband networks, mobile communication services, and internet connectivity. With the increasing demand for faster data speeds and higher bandwidth capacity, demand for fiber optic cables will remain indispensable in ensuring seamless communication networks and meeting the evolving needs of telecommunication providers. The segment is estimated to reach a value of US$ 1.6 Bn by the end of the forecast period.

Based on country, the market has been segmented as:
• Germany
• U.K.
• France
• Netherlands
• Israel
• Rest of EMEA

Germany to remain the major market for fiber optic cable across the EMEA region. The market in the country is experiencing significant growth rate influenced by extensive investments in broadband infrastructure and digitalization initiatives. Germany's fiber optic market is also poised for significant expansion, fuelled by increasing demand for high-speed internet, digital services, and smart city solutions. Emerging trends such as the integration of fiber optics with 5G networks and the adoption of eco-friendly materials are further shaping the market landscape in the recent times, driving technological advancements.

Demand for fiber optic cable is estimated to reach around US$ 508 million by the end of the forecast period witnessing a growth outlook of 5.7% in between the projected period. In the year 2023 demand has been reduced in the country owing to several factors like inflation in the pricing of the fiber optic cables, slowdown in the economic growth outlook and decrease in the industrial activities. As recovery expected from 2024 demand to gain pace in the coming future.

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Strategic Expansion, Mergers, Collaborations, And Agreements Are The Key Strategies Adopted By Market Players:
The market of fiber optics cable is evaluated to be consolidated in nature with domination of the key players in the market. There are players from the East Asia regions and the domestic players dominating over the market. Key players are enhancing their market presence through launching of new product lines, expansion of the capacity, acquisitions and partnerships and collaborations. New trend in the market also include production with reducing of the carbon emission. Some key players are focusing on forward chain integration by acquiring other players to gain market share.

Key players profiles in the EMEA fiber optic cable market report include Furukawa Electric Co. Ltd., Fujikura Ltd., Corning Inc., Leoni AG, Prysmian Group, Sumitomo Electric Industries Ltd., Nexans S.A., Smiths Interconnect Canada Inc., LS cable and systems, Weinert Industries AG and others.

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