What is the current size and annual growth rate of the fiber optical cable market?
The fiber optical cable market size has grown strongly in recent years. It will grow from $81.84 billion in 2024 to $88.51 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to investments in telecom infrastructure, internet growth and expansion, digitalization of communication, backbone infrastructure development, globalization and interconnectedness.
The fiber optical cable market size is expected to see strong growth in the next few years. It will grow to $116.14 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing data consumption, internet expansion in emerging markets, cloud computing and edge computing growth, smart cities and iot adoption, e-commerce and digital services. Major trends in the forecast period include 5g network expansion, internet of things (iot) growth, data center expansion, cloud computing demand, broadband internet access.
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What key drivers have fueled the fiber optical cable market’s development over the years?
The rising demand for higher bandwidth and faster speed connections will enhance the growth of the fiber optic cable market. There is a surge in demand 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 use light to transmit data instead of electricity so that it can enhance and 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 focuses on increasing demand for higher bandwidth and increasing video consumption. Thus, the rising demand for faster speed connections and higher bandwidth is driving the fiber optic cable market growth.
What is the segmentation for the fiber optical cable market?
The fiber optical cable market covered in this report is segmented –
1) By Type: Glass Optical Fiber, Plastic Optical Fiber
2) By Product Type: Single-mode Cable, Multi-mode Cable
3) By Application: Telecom, Oil And Gas, Military And Aerospace, BFSI, Medical, Imaging, Railway, Other Applications
Subsegments:
1) By Glass Optical Fiber: Single-Mode Fiber (SMF), Multi-Mode Fiber (MMF)
2) By Plastic Optical Fiber: Standard Plastic Optical Fiber, Specialty Plastic Optical Fiber
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Who are the most influential companies in the fiber optical cable market?
Major companies operating in the fiber optical cable market include Corning Incorporated, Prysmian Group, Fujikura Ltd., Sterlite Technologies Limited, Sumitomo Electric Industries, Ltd., LS Cable & System Ltd., Furukawa Electric Co., Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), Nexans S.A., CommScope Inc., Hengtong Group Co., Ltd., ZTT International Limited, Belden Inc., FiberHome Telecommunication Technologies Co., Ltd., Finolex Cables Ltd., OFS Fitel, LLC, Draka Communications S.A.S., Optical Cable Corporation, AFL Global, Leoni AG, Amphenol Corporation, HUBER+SUHNER AG, Hitachi Cable America Inc., TE Connectivity, Sumitomo Electric Lightwave Corp., R&M (Reichle & De-Massari), Rosenberger Hochfrequenztechnik GmbH & Co. KG, Molex LLC
What are the top industry trends projected to impact the fiber optical cable market?
The technological advancement in fiber optic cable is a key trend driving the growth of the fiber optic cable market. Wavelength division multiplexing (WDM) is the recent technological improvement in fiber cables. Wavelength division multiplexing is a technique of multiplexing the number of optical carrier signals through a single optical fiber channel by varying the wavelengths of laser lights. WDM allows communication in all directions in fiber cable. WDMs are used on a single optical fiber to blend light signals coming from different optical fibers. This is attained by using a coupler at the WDM input. In 2023, Asia-pacific is expected to be the fastest-growing market for WDMs, and multiple companies in China such as ZG Technology, and Optic Network Technology, are the leading manufacturers and suppliers of WDMs.
What are the major regional insights for the fiber optical cable market, and which region holds the top position?
The countries covered in the fiber optical cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Fiber Optical Cable Market Report 2025 Offer?
The fiber optical cable market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Fiber optic cables are network cables containing strands of glass fibers inside an insulated case. These are mainly used as a medium for telecommunications and computer networking. They are also used as light guides, imaging tools, and lasers for medical surgery, and as wiring in aircraft, submarines, and other vehicles.
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