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Fiber Optical Cable Global Market Report 2022: Sector to Reach $227.54 Billion by 2026 at a CAGR of 26.1%

·5-min read
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Global Fiber Optical Cable Market

Global Fiber Optical Cable Market
Global Fiber Optical Cable Market

Dublin, July 14, 2022 (GLOBE NEWSWIRE) -- The "Fiber Optical Cable Global Market Report 2022, By Product Type, By Application, By Type" report has been added to ResearchAndMarkets.com's offering.

The global fiber optical cable market is expected to grow from $66.54 billion in 2021 to $89.91 billion in 2022 at a compound annual growth rate (CAGR) of 35.1%.T The market is expected to reach $227.54 billion in 2026 at a CAGR of 26.1%.

Asia Pacific was the largest region in the fiber optic cable market in 2021. North America was the second-largest region in the fiber optic cable market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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 focus on increasing demand for higher bandwidth increasing video consumption. Thus, rising demand for faster speed connections and higher bandwidth is driving the fiber optic cable market's growth.

The increase in the adoption of wireless communication systems is expected to limit the growth of the fiber optic cable market. In recent years, demand for wireless services increased exponentially. The emergence of new technologies such as the internet of things (IoT) has increased the adaption of wireless communication systems.

For instance, mobile technologies and services generated $4.1 trillion in economic value added (4.7 percent of global GDP) in 2019. In 2020, the number of global smartphone users is forecasted to total 3.5 billion, registering a 9.3 percent increase from 2019. Therefore, the high usage of wireless communication systems is hindering the growth of the fiber optic cable market.

The technological advancement in the 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 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.

Scope
Markets Covered:1) By Product Type: Single-mode Cable; Multi-mode Cable
2) By Application: Telecom; Oil & Gas; Military & Aerospace; BFSI; Medical; Imaging; Railway; Others
3) By Type: Glass Optical Fiber; Plastic Optical Fiber

Key Topics Covered:

1. Executive Summary

2. Fiber Optic Cable Market Characteristics

3. Fiber Optic Cable Market Trends And Strategies

4. Impact Of COVID-19 On Fiber Optic Cable

5. Fiber Optic Cable Market Size And Growth

6. Fiber Optic Cable Market Segmentation

7. Fiber Optic Cable Market Regional And Country Analysis

8. Asia-Pacific Fiber Optic Cable Market

9. China Fiber Optic Cable Market

10. India Fiber Optic Cable Market

11. Japan Fiber Optic Cable Market

12. Australia Fiber Optic Cable Market

13. Indonesia Fiber Optic Cable Market

14. South Korea Fiber Optic Cable Market

15. Western Europe Fiber Optic Cable Market

16. UK Fiber Optic Cable Market

17. Germany Fiber Optic Cable Market

18. France Fiber Optic Cable Market

19. Eastern Europe Fiber Optic Cable Market

20. Russia Fiber Optic Cable Market

21. North America Fiber Optic Cable Market

22. USA Fiber Optic Cable Market

23. South America Fiber Optic Cable Market

24. Brazil Fiber Optic Cable Market

25. Middle East Fiber Optic Cable Market

26. Africa Fiber Optic Cable Market

27. Fiber Optic Cable Market Competitive Landscape And Company Profiles

29. Key Mergers And Acquisitions In The Fiber Optic Cable Market

29. Fiber Optic Cable Market Future Outlook and Potential Analysis

Companies Mentioned

  • Corning Inc.

  • Sumitomo Electric Industries Ltd.

  • Prysmian Group

  • Sterlite Technologies Ltd.

  • Fujikura Ltd.

  • TE Connectivity

  • 3M

  • Amphenol

  • Molex

  • Prysmian

  • Finisar Corporation

  • AFL Communications LLC

  • General Cable Corporation

  • LS Cable & System (LS Group)

  • Yangtze Optical Fiber and Cable Joint Stock Ltd. Co.

  • Furukawa Electric Co. Ltd.

  • HUBER + SUHNER

  • Nexans

  • LS cable

  • Aptiv

  • YOFC

  • HTGD

  • Radiall

  • OFS Furukawa

  • Belden

  • CommScope

  • Leoni AG

  • Furukawa Electric Co. Ltd.

  • Coherent Inc.

  • Hengtong (HTGD)

For more information about this report visit https://www.researchandmarkets.com/r/ou8yuo

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CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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