The single-mode 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.
Single-Mode 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 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):.
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Scope Of Single-Mode 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.
Single-Mode Fiber Cable Market Overview
Market Drivers –
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.
Market Trends —
The technological advancement in the fiber optic cable act as a key trend driving the growth of the single-mode fiber optic 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 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
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Regional Insights —
Asia-Pacific was the largest region in the single-mode fiber optic cable market in 2023. North America was the second-largest region in the single-mode fiber optic cable market analysis. The regions covered in the single-mode 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 single-mode fiber cable market include Corning Incorporated, Fujikura Ltd., Sumitomo Electric Industries Ltd., Furukawa Electric Co. Ltd., Pirelli & C. S.p.A., Nexans S.A., Hengtong Cable Group, Futong Group, Tongding Group, CommScope Inc., LS Cable & System Ltd., FiberHome Technologies Group, Prysmian Group, Yangtze Optical Fiber and Cable Co. Ltd., Amphenol Corporation, Molex LLC, OFS Furukawa LLC, Belden Inc., Aptiv PLC, YOFC (Yangtze Optical Fiber and Cable Joint Stock Limited Company), HTGD (Hengtong Group Dalian Hengtong Optical Cable Co. Ltd.), Radiall, Shenzhen Tefa Touchplus Information Corp., Fasten Fiber Optics Co. Ltd. (FPC), Alcatel-Lucent (Nokia), Lynn Electronics Corporation, TE Connectivity Ltd., 3M Company, Sterlite Technologies Ltd., Huber + Suhner AG, OFS Fitel LLC, AFL, Accelink Technologies Co. Ltd., Finisar Corporation, ZTT Group, General Cable Corporation, Jiangsu Fasten Advanced Materials Co. Ltd., The Siemon Company, Shanghai Tarluz Telecom Tech. Co. Ltd., OptiTek Technology Co. Ltd., Fiber Instrument Sales Inc., Telenco Distribution, UNITEK Fiber Optic Systems Inc.
Table of Contents
1. Executive Summary
2. Single-Mode Fiber Cable Market Report Structure
3. Single-Mode Fiber Cable Market Trends And Strategies
4. Single-Mode Fiber Cable Market — Macro Economic Scenario
5. Single-Mode Fiber Cable Market Size And Growth
…..
27. Single-Mode 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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