Market Research Future Insights:
According to marker research future insights analysis, the global fibre optic cable market is expected to register a CAGR of ~ 13.50% from 2022 to 2030 and hold a value of over ~USD 32.5 billion by 2030.
The Internet of Things, the proliferation of connected devices like smartphones, tablets, and wearables, as well as the increasing necessity of data transit and storage, are the main drivers of the fibre optic cable market’s expansion. Additionally, the fibre optic cable market is anticipated to expand quickly because these cables are the primary method for dependable and quick data transfer. Moreover, expansion is fueled by fibre optics’ many benefits, including their resilience to interference from vibrations and electricity and their capacity to offer a wider bandwidth. The rise in the usage of fibre optic technology around the globe is one of the primary reasons driving the growth of fiber optic cable industry. The growth in the trend toward high bandwidth communication and expansion of the healthcare sector has a beneficial impact on the industry. Furthermore, the fibre optic cable market expansion is accelerated by the increase in government investment to construct telecommunications infrastructure. The government is funding research to expand and upgrade the boundaries of solicitation. The fibre optic cable market is also growing as consumer knowledge of technology’s advantages increases. However, the easy use of wireless devices to access the internet in isolated locations and the expensive initial cost limit market expansion.
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Market Segmentation:
The global fibre optic cable market has been segmented into fiber type, cable design, deployment and end use industry.
Based on fiber type, the market has been segmented into open single-mode fiber, multi-mode fiber and others. The single-mode fiber category accounted for the largest share of the fibre optic cable market in 2021. Compared to multi-mode fibre optic cables, which have core diameters of 50 um or more, single-mode fibre optic cables have a core of about 9 um in diameter. Compared to multi-mode fibers, single-mode fibre optic cables can transmit signals faster and farther. The increased demand for single-mode fibre optic cable from long-distance transmission applications is primarily responsible for its dominance.
Based on the cable design, the fibre optic cable market has been segmented into ribbon tube, loose tube, tight buffered, central core and others. The ribbon tube category accounted for the largest revenue share in 2021 in the fibre optic cable market. A flat strip of ribbon fibre optic cable is created. This is accomplished by creating several unique optical fibres, flattening them out, and joining them together. Up to 24 optical fibres can be combined using this technology.
Based on deployment, the fibre optic cable market has been segmented into underground, underwater, aerial and others. The aerial category accounted for the largest revenue share in 2021 in the market for fibre optic cable. Aerial fibre deployments are anticipated to rise along with adopting Fiber to the Home (FTTH) services. Compared to underground deployment, aerial deployment enables faster installation of fibre optics. Additionally, it has low repair and maintenance costs, which will support the segment’s growth even more.
Based on end use industry, the fibre optic cable market has been segmented into IT & telecommunication, energy & power, healthcare, aerospace & defense and others. The IT & telecommunication category accounted for the largest revenue share in 2021 in the market for fibre optic cable. The communications network’s optical fibre cable (OFC) is a key element. Over the past ten years, fibre optics—particularly those employed by telecommunications companies—have successfully met increasing bandwidth demands and become the preferred transmission technology.
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Type:
- Single-mode
- Multi-mode
Application:
- FTTX
- CATV
- Submarine Cable
- Long-distance Communication
- Local Mobile Metro Network
- Other Local Access Network
Region:
North America:
- The U.S.
- Canada
- Mexico
Europe:
- The U.K.
- Germany
- France
- Rest of Europe
Asia Pacific:
- China
- Japan
- India
- Rest of Asia Pacific
Rest-of-the-World:
- The Middle East and Africa
- Latin America
Regional Analysis:
North America dominated the fibre optic cable market for fibre optic cable in 2021. The market for fibre optic cable in the region is anticipated to grow due to the rise in telecommunication applications in the U.S. and high-speed data transfer across North America. Around the world, industrialization is spreading to more and more places. The introduction of Industry 4.0 has accelerated the growth of industrial automation. This element would work as the market’s most effective driver of profitable expansion.
Asia Pacific is expected to register lucrative growth in the market for fibre optic cable. China is the regional and international fibre optic cable market leader in the Asia Pacific region. There are many optical fibre networks in the nation, and it is actively investing in new optical fibre infrastructure. In order to transmit signals with the least amount of loss, fibre optic cables are increasingly being used in India. The development of telecommunication services is receiving more financial support from the government.
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Key Players:
Some key fibre optic cable market players are Corning Inc., Prysmian Group, HTGD, Furukawa Electric Co., Ltd., Yangtze Optical Fibre and Cable (YOFC), Sumitomo Electric Lightwave Corp., Tongding Interconnection Information Co. Ltd, CommScope, and Sterlite Tech.
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