Press release
Multimode-Fiber Cable Market Anticipated To Witness Robust Growth, Surpassing $12.98 Billion By 2029
Multimode-Fiber Cable
What Is the Current Multimode-Fiber Cable Market Size and Its Estimated Growth Rate?
The multimode-fiber cable market has seen a decline in recent years. It will decrease from $11.67 billion in 2024 to $11.34 billion in 2025 at a compound annual growth rate (CAGR) of -2.8%. The decline in this market can be attributed to heightened competition, economic downturns, and shifts in industry preferences.
The multimode-fiber cable market is expected to witness steady growth, reaching $12.98 billion in 2029 with a CAGR of 3.4%. Contributing factors include the development of 5G and IoT networks, proliferation of smart infrastructure, edge computing demands, and increased consumption of high-definition video content. Prominent trends involve high-speed transceivers, OM5 multimode fiber, advanced connectors like MPO/MTP, and data center-focused interconnectivity.
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How Are Emerging Segments Shaping the Multimode-Fiber Cable Market Landscape?
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 And Telecom, Government, Energy, Automotive, Industries, Other Applications
Subsegments:
1) By Step Index Fiber: Non-Coated Step Index Fiber, Coated Step Index Fiber
2) By Gradient Type: Graded Index Fiber, Step Index with Graded Index Fiber
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Which Growth Factors Are Influencing Multimode-Fiber Cable Market Expansion?
Increasing demand for faster internet and higher bandwidth is boosting the multimode-fiber cable market. Rising consumption of data-heavy services like 4K streaming and online gaming has increased the need for high-speed, high-capacity internet connections. For example, 4K TVs consume 15-18 Mbps, and by 2022, 62% of connected TVs were expected to be 4K, driving demand for fiber optic solutions.
Who Are the Dominant Players Across Different Multimode-Fiber Cable Market Segments?
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.
What Multimode-Fiber Cable Market Trends Are Gaining Traction Across Different Segments?
Advancements in fiber optic technology, particularly in wavelength division multiplexing (WDM), are driving growth in the multimode-fiber cable market. WDM enables multiple optical signals to be sent through a single fiber by using various laser wavelengths, enhancing bidirectional communication. In the Asia-Pacific region, especially China, manufacturers such as ZG Technology and Optic Network Technology are leading producers of WDMs.
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Which Geographic Regions Are Expected to Dominate the Multimode-Fiber Cable Market in the Coming Years?
Asia-Pacific was the largest region in the multimode-fiber cable market in 2023. North America was the second-largest region in the multimode-fiber cable market. The regions covered in the multimode-fiber cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Multimode-Fiber Cable Market?
2. What is the CAGR expected in the Multimode-Fiber Cable Market?
3. What Are the Key Innovations Transforming the Multimode-Fiber Cable Industry?
4. Which Region Is Leading the Multimode-Fiber Cable Market?
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