Fiber Optic Cable Market - Global Insights, Growth 2017 - 2025.

The Global Fiber Optic Cable Market is mainly driven by the demand for high speed internet around the world as the traditional wires are not able to meet this expectation. These cables are mainly used for the transfer and exchange of data digitally. Growing number of countries which are adopting this new technology for high speed internet are creating huge requisite for the global market.

Major opportunities in the market are the advances in technologies leading to an increase in the data transmission rate and factors & trends defining the telecommunications industry across the globe. Adoption of Internet attributes to several factors including increase in the number of connected devices in homes, increase in demand for Over-The-Top or OTT video content, and the increasing Internet access. All these factors have led to an increase in Internet users, which in turn has led to the higher usage of fiber optic cable to transfer information over the Internet.

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The Single mode segment is projected to have significant growth over the estimated period.
The single mode segment dominated the global market in the past years and it is further expected to dominate the market over the forecast period as well. It is used for long distance installations ranging from 2 meters to 10,000 meters. It offers lower power loss as compared to multimode and its plastic optic counterparts, however is expensive as compared to them.

Furthermore, the next generation of high bandwidth applications, along with the proliferation of connected devices, is expected to require faster and higher bandwidth networks which will require the use of multi-mode cable for data transfer. This growth in the FTTx networks in turn is anticipated to drive the fiber optics market.

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The telecom & broadband segment is foreseen to be the largest segment of the global market.
The telecom & broadband segment is estimated to register for the foremost share of the market during the research period. Currently, the growth prospects for optical technology in the telecom segment appears to be promising due to the growing adoption of the technology in communication and data transmission services. Fiber optic cables enable high-speed data transfer services in both small and long range communications. Furthermore, the increasing cloud-based applications, audio-video services, and Video-on-Demand (VoD) services further stimulate the demand for optical installations.

Asia Pacific is estimated to hold the largest share of the market throughout the study period.
Asia Pacific market is spearheading revenue growth owing to augmented technological advancements due to their large-scale adoption in IT & telecommunication and administrative sector. Large-scale investments alongside the growing living standards provide opportunities for infrastructure development, and are thus expected to lead to high growth of the Global Fiber Optic Cable Market.

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Moreover, the increasing application of fiber optics in the medical sector is also propelling growth across countries such as China, Japan, and India, thus propelling the overall industry to grow at a significant rate.

Some of the significant players functional in the Global Fiber Optic Cable Market include Corning Incorporated, Fujikura Ltd., Sumitomo, Prysmian Group, YOFC, Nexans and Futong Group Co., Ltd. among others. Few of the other prominent players are General Cable Technologies Corporation, Belden Inc. and OFS Fitel, LLC among others.

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