Press release
Global Multimode-Fiber Cable Market Projected to Grow at 3% CAGR, Reaching $12.11 Billion by 2029
Multimode-Fiber Cable
What Will the Multimode-Fiber Cable Industry Market Size Be by 2025?
The market size for multimode-fiber cable has been shrinking in the past few years. However, it is projected to expand from "$11.31 billion in 2024 to $10.78 billion in 2025, with a compound annual growth rate (CAGR) of -4.7%. The drop in the historical era could be ascribed to heightened competition, economic slowdowns, and a change in industry tastes.
What's the Long-Term Growth Forecast for the Multimode-Fiber Cable Market Size Through 2029?
In the course of the next several years, the market size for multimode-fiber cables is slated for steady enhancement. By 2029, the sector will increase to a sizable $12.11 billion, growing at a compound annual growth rate (CAGR) of 3.0%. Prospective expansion in the forecast period is primarily attributed to 5G and IoT networks, intelligent infrastructures, edge computing, video streaming alongside high-definition content, and private 5G networks. Prevailing developments anticipated during the forecast timeframe encompass high-speed transceivers, optical fiber MPO/MTP connectors, OM5 multimode fiber, data center connectivity, and multimode fiber purposed for 400g and further.
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What Are the Key Growth Drivers Fueling the Multimode-Fiber Cable Market Expansion?
The increase in demand for enhanced bandwidth and high-speed connections is projected to boost the multimode-fiber cable market's growth. Businesses and individuals are seeking higher bandwidth brought about by amplified internet usage encompassing video calls, gaming, online shopping, and social media. Fiber optic cables, reliant on light instead of electricity to transmit data, enable swifter internet connections that can handle larger bandwidth. For instance, 4K Ultra High Definition (UHD) TV at homes uses around 15-18 Mbps of data, which is thrice as much as regular HD TV. By 2022, it is predicted that about 62% of connected flat panel TV sets will employ 4K. This trend signifies the escalating requirement for heightened bandwidth due to the growth in video consumption. Therefore, the multimode-fiber cable market's growth is being fueled by the escalating demand for high-speed connections and increased bandwidth.
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What Are the Key Trends Driving Multimode-Fiber Cable Market Growth?
The growth of the multimode-fiber cable market is significantly influenced by technological advancements in fiber optic cables, which is a notable trend in this sector. Wavelength division multiplexing (WDM), an innovative technique in fiber cables, allows for the multiplexing of numerous optical carrier signals through a single optical fiber channel by changing the wavelengths of laser lights. This technology enables bidirectional communications within the fiber cable. A single optical fiber utilizes WDMs to integrate light signals originating from multiple other optical fibers, a process made possible through the use of a coupler at the WDM input. Considering this, Asia-Pacific is predicted to be the most rapidly expanding market for WDMs. A number of prominent companies in China, including ZG Technology and Optic Network Technology, are at the forefront of manufacturing and supplying WDMs.
How Is the Multimode-Fiber Cable Market Segmented?
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 Companies Are Leading the Charge in Multimode-Fiber Cable Market Innovation?
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.
Which Regions Are Leading the Global Multimode-Fiber Cable Market in Revenue?
Asia-Pacific was the largest region in the multimode-fiber cable market in 2024. 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
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