Categories: Market Research

Global Multimode-Fiber Cable Market Size and Forecast 2023-2032| Corning Incorporated, TE Connectivity Ltd., CommScope Inc., 3M Company, Fujikura Ltd.

The Multimode-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 Multimode-Fiber Cable Global Market Report 2024, 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.

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.

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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

The multimode-fiber cable market report table of contents includes:

1. Executive Summary

2. Multimode-Fiber Cable Market Characteristics

3. Multimode-Fiber Cable Market Trends And Strategies

4. Multimode-Fiber Cable Market – Macro Economic Scenario