Press release
Emerging Trends to Drive Fiber Optical Cable Market Growth at 6.5% CAGR Through 2029
Fiber Optical Cable
Fiber Optical Cable Market Size Growth Forecast: What to Expect by 2025?
The expansion of the fiber optic cable market has been robust over the recent years, escalating from a valuation of $79.34 billion in 2024 to an estimated $84.15 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1%. Factors such as telecom infrastructure investments, increased internet use and reach, digital communication advances, backbone infrastructure augmentation, and the effects of globalization and interconnectedness, contribute to the noteworthy growth observed during the historical period.
How Will the Fiber Optical Cable Market Size Evolve and Grow by 2029?
The market size of fiber optical cables is anticipated to experience strong growth over the coming years. The market is projected to reach $108.31 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. The growth during the forecast period can be credited to increasing consumption of data, expansion of the internet in burgeoning markets, development of cloud and edge computing, advent of smart cities and adoption of IoT, as well as growth in e-commerce and digital services. Key trends for the forecast period include expansion of the 5G network, growth of Internet of Things (IoT), expansion of data centers, rising demand for cloud computing, and greater access to broadband internet.
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What Drivers Are Propelling the Growth of Fiber Optical Cable Market Forward?
The escalation in the requirement for superior bandwidth and rapid speed connections is projected to accelerate the growth of the fiber optic cable market. An influx in demand for high bandwidth has come from businesses and individuals as a result of escalated internet usage for purposes such as video calls, gaming, e-commerce, and social media. Fiber optic cables employ light to convey data instead of electricity, thereby boosting and hastening internet connections capable of accommodating superior bandwidth. For instance, 4K Ultra High Definition (UHD) TVs in homes devour around 15-18 Mbps of data, which is triple the amount utilized by standard HD TVs. By the year 2022, roughly 62% of connected flat-panel TVs are anticipated to be 4K. This highlights the expanding demand for superior bandwidth and surged video consumption. Consequently, the escalating need for more rapid speed connections and superior bandwidth is driving the expansion of the fiber optic cable market.
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What Are the Key Trends Driving Fiber Optical Cable Market Growth?
Technological progress in fiber optic cable production is a key trend spurring expansion in the fiber optic cable sector. A recent technological enhancement in fiber cables is Wavelength division multiplexing (WDM). This process involves the combining of multiple optical carrier signals into a single optical fiber channel by altering the wavelengths of laser light. WDM enables bi-directional communication within the fiber cable. It integrates light signals from different optical fibers into a single fiber using a coupler at the WDM input. Asia-Pacific is projected to be the quickest growing market for WDMs in 2023, and a number of companies, including China's ZG Technology and Optic Network Technology, lead the manufacturing and supply of WDMs.
What Are the Key Segments in the Fiber Optical Cable Market?
The fiber optical cable market covered in this report is segmented -
1) By Type: Glass Optical Fiber, Plastic Optical Fiber
2) By Product Type: Single-mode Cable, Multi-mode Cable
3) By Application: Telecom, Oil And Gas, Military And Aerospace, BFSI, Medical, Imaging, Railway, Other Applications
Subsegments:
1) By Glass Optical Fiber: Single-Mode Fiber (SMF), Multi-Mode Fiber (MMF)
2) By Plastic Optical Fiber: Standard Plastic Optical Fiber, Specialty Plastic Optical Fiber
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Who Are the Key Players Shaping the Fiber Optical Cable Market's Competitive Landscape?
Major companies operating in the fiber optical cable market include Corning Incorporated, Prysmian Group, Fujikura Ltd., Sterlite Technologies Limited, Sumitomo Electric Industries, Ltd., LS Cable & System Ltd., Furukawa Electric Co., Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), Nexans S.A., CommScope Inc., Hengtong Group Co., Ltd., ZTT International Limited, Belden Inc., FiberHome Telecommunication Technologies Co., Ltd., Finolex Cables Ltd., OFS Fitel, LLC, Draka Communications S.A.S., Optical Cable Corporation, AFL Global, Leoni AG, Amphenol Corporation, HUBER+SUHNER AG, Hitachi Cable America Inc., TE Connectivity, Sumitomo Electric Lightwave Corp., R&M (Reichle & De-Massari), Rosenberger Hochfrequenztechnik GmbH & Co. KG, Molex LLC
What Geographic Markets Are Powering Growth in the Fiber Optical Cable Market?
Asia-Pacific was the largest region in the fiber optic cable market in 2024. North America was the second-largest region in the global fiber optical cable market analysis. The regions covered in the fiber optical cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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