Global Multimode-Fiber Cable Market Overview 2024: Size, Growth Rate, and Segments

The multimode-fiber cable global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Multimode-Fiber Cable Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The multimode-fiber cable market size has grown rapidly in recent years. It will grow from $11.68 billion in 2023 to $12.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to local area networks (lans), telecommunications infrastructure, data center development, fiber to the desk (fttd), campus networks.

The multimode-fiber cable market size is expected to see marginal growth in the next few years. It will grow to $12.95 billion in 2028 at a compound annual growth rate (CAGR) of 0.1%. The growth in the forecast period can be attributed to 5g and iot networks, smart buildings, edge computing, video streaming and high-definition content, private 5g networks. Major trends in the forecast period include high-speed transceivers, optical fiber mpo/mtp connectors, om5 multimode fiber, data center interconnectivity, multimode fiber for 400g and beyond.

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Scope Of Multimode-Fiber Cable Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Multimode-Fiber Cable Market Overview

Market Drivers –
Rising demand for higher bandwidth and faster speed connections will enhance the growth of the multimode-fiber 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 growth of the multimode-fiber cable market.

Market Trends –
The technological advancement in the fiber optic cable act as a key trend driving the growth of the multimode- fiber cable market. Wavelength division multiplexing (WDM) is the recent technological improvement in the 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, Optic Network Technology, are the leading manufacturers and suppliers of WDMs.

The multimode-fiber cable market covered in this report is segmented –

1) By Product Type: Step Index Fiber, Gradient Type
2) By Cable Type: Single-mode Cable, Multi-mode Cable
3) By Material Type: Plastics Optical Fiber, Glass Optical Fiber
4) By Application: IT & Telecom, Government, Energy, Automotive, Industries, Other Applications

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Regional Insights –
Asia-Pacific was the largest region in the multimode-fiber cable market in 2023. North America was the second-largest region in the multimode-fiber cable market. The regions covered in the multimode-fiber cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies –
Major companies operating in the multimode-fiber cable market include Corning Incorporated, TE Connectivity Ltd., CommScope Inc., 3M Company, Fujikura Ltd., Amphenol Corporation, Molex LLC, Prysmian Group, OFS Furukawa, Belden Inc., Sumitomo Electric Industries Ltd., HUBER+SUHNER AG, Nexans S.A., LS Cable & System Ltd., Aptiv PLC, Yangtze Optical Fibre and Cable Joint Stock Limited Company, HTGD (Hengtong Group Dalian Hengtong Optic-Electric Co. Ltd.), Radiall, AFL (AFL Telecommunications), Furukawa Electric Co. Ltd., Optical Cable Corporation, Berk-Tek (a Nexans company), Leviton Manufacturing Co. Inc., Panduit Corporation, Superior Essex Inc., Yangtze Optical Fibre and Cable Joint Stock Limited Company (Futong), Tongding, FiberHome Technologies Group, General Cable Technologies Corporation, Kaile Science & Technology Co. Ltd., Hengtong Group Co. Ltd., Infinera Corporation, Hindustan Cables Limited, Leoni AG, Panduit Corporation, Siemon Company, Sterlite Technologies Limited, Superior Essex Inc., Thorlabs Inc., Timbercon Inc., Transition Networks Inc., VIAVI Solutions Inc.

Table of Contents
1. Executive Summary
2. Multimode-Fiber Cable Market Report Structure
3. Multimode-Fiber Cable Market Trends And Strategies
4. Multimode-Fiber Cable Market – Macro Economic Scenario
5. Multimode-Fiber Cable Market Size And Growth
…..
27. Multimode-Fiber Cable Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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