Press release
Fiber Optic Market Poised for 9.94% CAGR Through 2030
Fiber Optic Cable Market
The global fiber optic cable market, valued at USD 11.62 billion in 2023, is projected to reach approximately USD 22.56 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.94% during the forecast period.
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง
The surge in demand for high-speed internet and data transmission has positioned fiber optic cables as the preferred medium for telecommunications and data services. Their advantages, including high data volume capacity, lightweight nature, and resistance to noise and intrusion, have been pivotal in their widespread adoption. Additionally, the deployment of undersea fiber optic cables has enhanced global connectivity, facilitating rapid data transfer and supporting the development of new technologies.
๐๐๐ญ ๐ข๐ง๐ฌ๐ญ๐๐ง๐ญ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/24789/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐ญ๐๐๐๐ ๐ถ๐๐๐๐ ๐ช๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐
Vietnam is actively expanding its fiber optic infrastructure to meet the escalating demand for high-speed internet. The government has set an ambitious target to introduce ten new submarine cables by 2030, aiming to triple the nation's current international internet connections. This expansion is expected to bolster Vietnam's position as a regional data center hub.
๐ญ๐๐๐๐ ๐ถ๐๐๐๐ ๐ช๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐
Thailand is witnessing a significant increase in fiber optic cable deployment, driven by the government's initiatives to enhance digital infrastructure and the growing demand for high-speed internet services. The expansion of fiber optic networks is expected to support the country's digital economy and improve connectivity in urban and rural areas.
๐ญ๐๐๐๐ ๐ถ๐๐๐๐ ๐ช๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐
Japan's fiber optic cable market is projected to grow from USD 567.03 million in 2023 to USD 1,252.02 million by 2032, reflecting a CAGR of 9.20%. This growth is driven by increasing demands for high-speed internet connectivity and robust investment in telecommunications infrastructure. The rising adoption of fiber to the home (FTTH) and expanding 5G networks are key factors accelerating market growth.
๐ญ๐๐๐๐ ๐ถ๐๐๐๐ ๐ช๐๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐
South Korea, known for its advanced digital infrastructure, continues to invest in expanding its fiber optic networks to support emerging technologies and maintain its competitive edge in the global market. The country's focus on enhancing internet speeds and connectivity is expected to drive further growth in the fiber optic cable market.
๐ญ๐๐๐๐ ๐ถ๐๐๐๐ ๐ช๐๐๐๐ ๐ด๐๐๐๐๐ ๐ผ๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐
Singaporean asset manager ๐๐๐ฉ๐ฉ๐๐ฅ and Vietnamese conglomerate ๐๐จ๐ฏ๐ข๐๐จ ๐๐ซ๐จ๐ฎ๐ฉ are in discussions to develop new undersea fiber-optic cables to support the growing data center industry in Southeast Asia. One proposed plan is to lay a cable directly linking Vietnam with Singapore at an estimated cost of $150 million. These developments aim to enhance Singapore's connectivity and data infrastructure.
๐ญ๐๐๐๐ ๐ถ๐๐๐๐ ๐ช๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐
The United States continues to invest significantly in fiber optic infrastructure to meet the growing demand for high-speed internet and data services. The expansion of fiber optic networks is expected to support the deployment of 5G technology and improve connectivity across the country.
๐ญ๐๐๐๐ ๐ถ๐๐๐๐ ๐ช๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฌ๐๐๐๐๐
Europe is witnessing substantial growth in the fiber optic cable market, with countries like Germany, the UK, and France leading the way in terms of deployment. The region has a well-developed telecommunications infrastructure, and government initiatives have encouraged the deployment of high-speed broadband networks in underserved areas.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐ญ๐๐ค๐ ๐ ๐ฌ๐ง๐๐๐ค ๐ฉ๐๐๐ค? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐๐ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐: https://www.maximizemarketresearch.com/request-sample/24789/
๐๐๐๐๐ง๐ญ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
In July 2021, ๐๐ญ๐๐ซ๐ฅ๐ข๐ญ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ ๐๐ข๐ฆ๐ข๐ญ๐๐ acquired UK-based ๐๐ฅ๐๐๐ซ๐๐จ๐ฆ๐ฆ ๐๐ซ๐จ๐ฎ๐ฉ ๐๐ญ๐., a network integration firm. This strategic acquisition aims to enhance Sterlite's end-to-end network and system integration solutions, aligning with the global development of large networks for 5G, FTTx, and rural applications.
๐ ๐ข๐๐๐ซ ๐๐ฉ๐ญ๐ข๐ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฒ ๐ ๐ข๐๐๐ซ ๐๐ฒ๐ฉ๐
Glass
Plastic
The Glass category, which had the highest revenue share of 88.3% in 2023 based on fibre type, is a crucial component of the fibre optic cable market. More light rays can reach the system through glass optical fibres since they have a larger numerical aperture than plastic optical fibres. Their range, which is between 200 and 2200 nm, is much greater. The market for fibre optic cables is expanding due in large part to glass fibre optics' remarkable performance in harsh environments with high temperatures and corrosive chemicals, as well as its capacity to transmit both visible and infrared light.
๐๐ฒ ๐๐๐๐ฅ๐ ๐๐ฒ๐ฉ๐
Single-mode
Multi-mode
By 2030, the single-mode category of fibre optic cables is anticipated to hold a significant market share of around 65%. Compared to a multi-mode fibre optic cable, which has a core diameter of 50 m or more, a single-mode fibre optic cable has a smaller core diameter of about 9 m. Single-mode fibre optic cables are capable of transmitting signals over far greater distances and at much faster rates than multi-mode fibres. The dominance of single-mode fibre optic cable is mostly due to the growing need for long-distance transmission applications. Single-mode fibres are frequently used by telecom companies for high-bandwidth and long-distance needs. Schools and other institutions, as well as cable television providers, use them.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
IT and Telecom
BFSI
Defense and Aerospace
Manufacturing
Healthcare
Other
๐๐๐๐ค๐ข๐ง๐ ๐ ๐ญ๐ก๐จ๐ซ๐จ๐ฎ๐ ๐ก ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ? ๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/24789/
๐ ๐ข๐๐๐ซ ๐๐ฉ๐ญ๐ข๐ ๐๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
American Fiber Optic Cable Market Top Players:
1. Corning Inc (USA)
2. W.L. Gore & Associates (USA)
3. Finisar (USA)
4. Hitachi Cable (USA)
5. Reflex Photonics (Canada)
6. Coherent (USA)
7. Rockwell Collins (USA)
8. CommScope (USA)
Europe Fiber Optic Cable Market Top Players:
1. Nexans (France)
2. Leoni (Germany)
3. Prysmian (Italy)
Asia Pacific Fiber Optic Cable Market Top Players:
1. Furukawa Electric (Japan)
2. Tongding Group (China)
3. LS Cable & System (South Korea)
4. Sterlite Technologies (India)
5. Yangtze Optical Fibre and Cable (China)
6. Hengtong Group (China)
7. Nestor Cables (India)
8. Fujikura (Japan)
9. Sumitomo Electric Industries (Japan)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ญ๐ก๐๐ญ ๐๐ซ๐ ๐ฆ๐๐ค๐ข๐ง๐ ๐ฐ๐๐ฏ๐๐ฌ:
Global Stationary Fuel Cell Market https://www.maximizemarketresearch.com/market-report/global-stationary-fuel-cell-market/40979/
DC Contractor Market https://www.maximizemarketresearch.com/market-report/dc-contactor-market/146784/
Fragrance Market https://www.maximizemarketresearch.com/market-report/global-fragrance-market/70126/
Small Wind Market https://www.maximizemarketresearch.com/market-report/global-small-wind-market/30550/
Travel Retail Market https://www.maximizemarketresearch.com/market-report/global-travel-retail-market/30072/
Pasta Market https://www.maximizemarketresearch.com/market-report/pasta-market/125484/
Global Aortic Aneurysm Market https://www.maximizemarketresearch.com/market-report/global-aortic-aneurysm-market/105490/
Internet of Things (IoT) Oil & Gas Market https://www.maximizemarketresearch.com/market-report/global-internet-things-iot-oil-gas-market/10486/
Professional Service Robots Market https://www.maximizemarketresearch.com/market-report/professional-service-robots-market/188073/
Jelly Pudding Market https://www.maximizemarketresearch.com/market-report/jelly-pudding-market/228958/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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