At what pace is the multimode-fiber cable market growing, and what is its estimated value?
The multimode-fiber cable market size has declined in recent years. It will decline from ” $11.67 billion in 2024 to $11.34 billion in 2025 at a compound annual growth rate (CAGR) of -2.8%. The decline in the historic period can be attributed to increased competition, economic downturns, shift in industry preferences.
The multimode-fiber cable market size is expected to see steady growth in the next few years. It will grow to $12.98 billion in 2029 at a compound annual growth rate (CAGR) of 3.4%. 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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What are the top drivers to the rising demand in the multimode-fiber cable market?
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.
How is the multimode-fiber cable market segmented?
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 And Telecom, Government, Energy, Automotive, Industries, Other Applications
Subsegments:
1) By Step Index Fiber: Non-Coated Step Index Fiber, Coated Step Index Fiber
2) By Gradient Type: Graded Index Fiber, Step Index with Graded Index Fiber
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Who are the top competitors in the multimode-fiber cable market?
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.
Which market trends are set to define the future of the multimode-fiber cable market?
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. 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.
Which geographic trends are shaping the multimode-fiber cable market, and which region has the highest market share?
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
What Does The Multimode-Fiber Cable Market Report 2025 Offer?
The multimode-fiber cable market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Multimode fiber cable is an optical fiber cable, which is designed to carry multiple light rays simultaneously with a slightly different reflection angle. it is more cost-effective for shorter distances, though it has higher signal loss and lower bandwidth compared to single-mode fiber. It is commonly used in high-speed data transmission for video, voice, and data communication over shorter distances.
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