Optical Fibre Cable Market Share Driven by Expanding Communications and Electronics Industries | Valuates Reports

Optical Fibre Cable Market Size
The global market for Optical Fibre Cable was valued at US$ 9381 million in the year 2024 and is projected to reach a revised size of US$ 18120 million by 2031, growing at a CAGR of 10.0% during the forecast period.

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The Optical Fibre Cable Market is witnessing robust market growth as high-speed data transmission becomes essential across industries. Market trends highlight increasing demand from telecom operators, data centers, and electronic device manufacturers, fueled by rapid digitalization, 5G deployment, and cloud computing adoption. The rising need for secure, high-capacity, and low-latency connectivity solutions continues to expand the overall market size.

By type, single mode fiber dominates the market share due to its ability to support long-distance, high-bandwidth communication with minimal signal loss. Multimode fiber is also showing significant market growth, driven by its cost-effectiveness and suitability for short-distance applications such as local area networks and data centers. Together, these types serve the diverse requirements of global communication and electronics infrastructure.

In terms of application, the communications industry accounts for the largest market share, driven by ongoing investments in broadband infrastructure, 5G rollout, and submarine cable networks. The electronics industry is registering the fastest market growth as optical fibers play a critical role in sensors, imaging systems, and high-performance electronic devices. Both sectors continue to drive market demand, reinforcing the role of optical fiber in enabling next-generation technologies.

Looking ahead, the market forecast points to sustained expansion as governments and enterprises invest heavily in digital infrastructure. Market growth will be supported by continuous advancements in fiber technology, improved durability, and integration with smart devices and IoT ecosystems. With rising data consumption and increasing connectivity needs, the Optical Fibre Cable Market is well-positioned for long-term development and growing global market share.

by Type

• Single Mode Fiber
• Multimode Fiber

by Application

• Communications Industry
• Electronics Industry

By Company

Prysmian, HTGD, Furukawa, Corning, YOFC, Futong, Fujikura, Sumitomo, Tongding, CommScope, Sterlite, Kaile, Jiangsu Etern, ZTT, General Cable, Belden, Nexans

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This release was published on openPR.