Press release
Fiber Optic Cables Market to Reach USD 22.56 Billion by 2030 at Nearly 10% CAGR
Fiber Optic Cable Market
The Global Fiber Optic Cables Market is experiencing strong growth as demand for high-speed data transmission, broadband expansion, 5G deployment, and digital infrastructure upgrades accelerates worldwide. According to the latest industry insights, the global market was valued at around USD 11.62 billion in 2023 and is projected to reach approximately USD 22.56 billion by 2030, expanding at a healthy CAGR of around 9.94% during the forecast period.
Fiber optic cables - composed of glass or plastic fibers that transmit data at light speed - are foundational technologies for telecommunications networks, broadband internet, cloud infrastructure, data centers, and enterprise connectivity. Their superior bandwidth, low signal loss, and resistance to interference make them essential for modern digital communication.
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Market Growth, Size & Key Drivers
The fiber optic cables market growth is being driven by several converging trends:
Deployment of broadband and 5G networks, particularly fiber-to-the-home (FTTH), fiber-to-the-premises (FTTP) projects, and fiber deep deployments.
Rising global internet user base and data consumption, fueled by streaming, IoT, AI services, and cloud computing.
Telecom infrastructure investments and smart city initiatives in emerging and developed economies.
Expansion of data centers and enterprise connectivity solutions requiring high-bandwidth transmission lines.
The IT & Telecommunication segment currently dominates application demand as networks upgrade to meet higher speed and capacity requirements.
Competitive Landscape
The global fiber optic cables market is moderately consolidated with key global manufacturers and specialized regional players. Notable companies shaping the competitive environment include:
Corning Incorporated (US)
Prysmian Group (Italy)
Yangtze Optical Fibre and Cable Joint Stock Limited Company (China)
Sumitomo Electric Industries (Japan)
Fujikura Ltd. (Japan)
CommScope (US)
Nexans (France)
Sterlite Technologies Ltd. (India)
LS Cable & System (South Korea)
Hengtong Group (China)
These players focus on technological innovation (e.g., bend-insensitive fibers, ribbon/microcable designs), strategic capacity expansions, and global footprint growth to address rising demand in broadband and telecom infrastructure.
Higher Regional Demand
Globally, the Asia-Pacific region leads the fiber optic cables market, accounting for the largest revenue share - driven by widespread broadband rollout, expanding 5G networks, and government-backed national fiber infrastructure projects across China, India, Japan, and South Korea.
North America remains a key region with extensive fiber deployment and strong demand from telecom operators as they modernize networks and expand FTTH services. Europe continues robust growth supported by regulatory policies and high broadband penetration targets. Other regions - including the Middle East & Africa and Latin America - are fast advancing with national broadband and digital infrastructure investments.
Country & Regional Insights
United States - Fiber Optic Cables Growth in the U.S.
The United States has seen substantial fiber optic deployments - with approximately 91.9 million kilometers of cables installed by 2022, reflecting ongoing investment in broadband expansion, IoT networks, and next-generation telecom infrastructure.
Growth & Opportunity in U.S. Infrastructure
The U.S. market growth is supported by broadband equity and deployment programs, rising demand for cloud connectivity, and integration of fiber networks in smart cities and enterprise applications.
Europe - Fiber Optic Cables Demand Across Major Markets
Europe Connectivity Trends
Europe continues to drive fiber optic cables adoption through FTTH/FTTP rollouts and high broadband access goals in countries such as Germany, France, and the UK, positioning the region as a substantial contributor to global demand.
China - Rapid Network Modernization
China's Fiber Optic Expansion
China remains a dominant market in Asia-Pacific, with large-scale fiber optic network deployment supporting high-speed internet expansion, 5G infrastructure, and digital economy growth.
Japan - Advanced Fiber Optic Adoption
Japan Telecom & Broadband Demand
Japan's advanced fiber network infrastructure supports ultra-high-speed connectivity across urban and suburban regions, including both consumer broadband and enterprise applications.
South Korea - Cutting-Edge Connectivity Growth
South Korea's Fiber Optic Penetration
South Korea remains at the forefront of high-speed broadband adoption, leveraging fiber optic technologies for extensive 5G backhaul and metro network deployments.
Vietnam - Emerging Fiber Investments
Vietnam Development Trends
Vietnam's fiber optic market is gaining traction with expanding broadband access projects and increased investment in national network infrastructure, supporting both residential and commercial connectivity growth.
Thailand - Fiber Infrastructure Expansion
Thailand Digital Growth & Broadband Projects
Thailand is accelerating fiber optic networks deployment to support broadband connectivity, smart city initiatives, and robust IoT adoption across industries.
Singapore - Regional Connectivity Hub
Singapore's Strategic Position
Singapore's advanced digital ecosystem drives strong demand for fiber optic infrastructure to support data centers, enterprise connectivity, and regional telecom services.
Europe (Broader) - Regulatory & Infrastructure Momentum
EU & Pan-European Broadband Initiatives
Beyond major countries, the broader European market benefits from cross-border digital initiatives, sustainability mandates, and high Internet penetration, contributing to continued fiber optic cables demand.
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Fiber Optic Cable Market Segment Analysis
by Fiber Type
Glass
Plastic
by Cable Type
Single-mode
Multi-mode
by Application
IT and Telecom
BFSI
Defense and Aerospace
Manufacturing
Healthcare
Other
Key Recent Developments & Strategic Moves
Mergers & Acquisitions
Amphenol's acquisition of CommScope's connectivity and cable solutions unit for USD 10.5 billion is set to enhance its capabilities in broadband and fiber infrastructure, leveraging growing data center and AI-related demand.
Technological Advancements
Innovations such as bend-insensitive and ultra-low loss fiber variants, optical switches, and new all-optical networks (AON) are enabling longer transmission distances, higher capacity networks, and improved performance in both terrestrial and subsea deployments.
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