The Single-Mode Fiber Cable Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Single-Mode Fiber Cable Global Market Report 2024, The single-mode fiber cable market size has grown strongly in recent years. It will grow from $66.88 billion in 2023 to $71.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to telecommunications growth, internet expansion, fiber to the home (ftth), data centers, globalization of business.
The single-mode fiber cable market size is expected to see strong growth in the next few years. It will grow to $99.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to 5g network rollout, smart cities, rural broadband expansion, network security and reliability, content streaming and gaming. Major trends in the forecast period include increased data capacity, flexible and bend-insensitive fibers, digital twin technology, cable miniaturization, passive optical networks (pons):.
Rising demand for higher bandwidth and faster speed connections will enhance the growth of the single-mode fiber optic cable market. There is a surge for high bandwidth from enterprises and individuals due to increased use of the internet for video calls, gaming, online shopping, and social media. Fiber optic cable depends on light to transmit data instead of electricity so that it can speed up the internet connections that are capable of handling higher bandwidth. For example, 4K Ultra High Definition (UHD) TV at homes consumes approximately 15-18 Mbps of data which is three times more than the plain HD TV. By 2022, it is estimated that about 62% of connected flat panel TV sets will be 4K. This focus on increasing demand for higher bandwidth increasing video consumption. Thus, rising demand for faster speed connections and higher bandwidth is driving the single-mode fiber optic cable market growth.
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The single-mode fiber cable market covered in this report is segmented –
1) By Cable Type: Quartz Optical Fiber Cables; Multicomponent Glass Fiber Cables; Plastic Optical Fiber Cables; Other Cable Types
2) By Type: G.652; G.653; G.654; G.655; G.656; G.657
3) By Application: Telecommunication and Networking; Data Centers; Community Antenna Television; Factory Automation and Industrial Networking; Military; Other Applications
The single-mode fiber cable market report table of contents includes:
- Executive Summary
- Single-Mode Fiber Cable Market Characteristics
- Single-Mode Fiber Cable Market Trends And Strategies
- Single-Mode Fiber Cable Market – Macro Economic Scenario
- Global Single-Mode Fiber Cable Market Size and Growth
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- Global Single-Mode Fiber Cable Market Competitive Benchmarking
- Global Single-Mode Fiber Cable Market Competitive Dashboard
- Key Mergers And Acquisitions In The Single-Mode Fiber Cable Market
- Single-Mode Fiber Cable Market Future Outlook and Potential Analysis
- Appendix
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