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Fiber Optic Cable Market 2020-2024 | Insights by Types, Applications, Market Drivers, Industry Segmentation and Forecast Analysis

Fiber

The Key purpose of “Fiber Optic Cable Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Fiber Optic Cable market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Fiber Optic Cable Market Covers Key Players:

  • Corning Inc.
  • Sumitomo Electric Industries Ltd
  • Finisar Corporation
  • AFL Communications LLC
  • Prysmian Group
  • Coherent Inc.
  • General Cable Corporation
  • LS Cable & System (LS Group)
  • Sterlite Technologies Ltd
  • Yangtze Optical Fiber and Cable Joint Stock Ltd Co.
  • Hengtong (HTGD
  • Fujikura Ltd
  • Futong Holdings
  • Furukawa Electric Co.
  • Ltd.

    Market Overview:

  • The fiber optic cable market is expected to grow at CAGR of 12.26% during the forecast period (2019 – 2024). With the increasing demand for IoT and more number of connected devices, data transmission has become vital for the users, hence the fiber optic cable market is seeing a huge opportunity during the forecast period.
  • – Further, technological advancements in the telecom sector have increased the deployment of broadband network architectures. Fiber to the Home (FTTH), Fiber to the Building (FTTB) is a few prominent broadband networking architectures that necessitate the large-scale deployment of fiber optic networks, driving demand for fiber optic cables.
  • – The major benefit of fiber optic cable is the increased security option which cannot be tapped than the traditional copper cable is another major factor driving fiber optic cables market.
  • – However, high costs and complex installation act as major restraining factors for fiber optic cables market.

    The Fiber Optic Cable Market Report Includes:

    • The Fiber Optic Cable market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • Fiber optics is one of the methods of transmitting information that works by sending pulses of light through an optical fiber. The light transmitted then forms an electromagnetic carrier wave modulated to carry information. Optical fiber cable (OFC), especially for telecommunication companies, has become a preferred transmission medium catering to aggressive bandwidth demands. Furthermore, increasing cloud-based applications, audio-video services, and Video-on-Demand (VoD) services stimulate demand of fiber optic cable.
  • Key Market Trends:

    IT and Telecom Sector Offers Potential Growth

    – Fiber optics is a major building block in the telecommunication infrastructure. With the explosion of information traffic due to the Internet, electronic commerce, computer networks, multimedia, voice, data, and video, the need for a transmission medium with the bandwidth capabilities for handling such vast amounts of information is paramount. Fiber optics, with its comparatively infinite bandwidth, has proven to be the solution.
    – Additionally, with the emergence of 5G, IoT and Big Data will rely heavily on real-time data collection and transfer. And because of fiber optics unlimited bandwidth potential, fiberoptics cable is chosen to support these bandwidth levels.
    – Further, to achieve expected performance levels for 5G networks, more small cells (or nodes) and mobile edge computing will be needed to eliminate network bottlenecks. These small-cell deployments often utilize the millimeter wave spectrum, relying heavily on fiber cabled connections for the backhaul portion of the network.
    – The launch of 5G will bring enhanced capacity and lower latency straight to networks. Fiber optics cable is the preferred option for 5G because of its scalability, security, and ability to handle the vast amount of backhaul traffic being generated. This in return will create a huge market opportunity for the fiber optic cable market in IT and Telecom.

    Asia-Pacific to Witness a Significant CAGR

    – The Asia-Pacific region is dominated by two major economies of the world i.e. India and China. These regions are spearheading revenue growth owing to technological advancements and large-scale adoption of the technology in IT and telecommunication and administrative sector.
    – Additionally, increasing application of fiber optics in the medical sector is catapulting growth across countries, such as China, Japan, and India, thus propelling the overall demand at a significant rate.
    – Also, the consistent rise in the use of smartphones and internet facilities in the region contributes to the adoption of optical fiber cables, for telecommunication applications. 5G connections (excluding IoT) are anticipated to reach USD 670 million in Asia-Pacific, by 2025, accounting for approximately around 60% of the global 5G connections, according to GSMA.
    – Moreover, the governments of developed nations like China and Japan are heavily investing in security infrastructure at country levels. In return, all the above factors are expected to pave the way for new opportunities, in the fiber optic cable market.

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    Important Questions Answered in The Fiber Optic Cable Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Fiber Optic Cable Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Fiber Optic Cable Market?

    Detailed TOC of Fiber Optic Cable Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growth in the Telecom Industry
    4.3.2 Increasing Data Centers
    4.4 Market Restraints
    4.4.1 Complex Installation Act
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Cable Type
    5.1.1 Single Mode Cable
    5.1.2 Multi Mode Cable
    5.2 By Optical Fiber Type
    5.2.1 Plastics Optical Fiber
    5.2.2 Glass Optical Fiber
    5.3 By End-user Industry
    5.3.1 IT and Telecom
    5.3.2 BFSI
    5.3.3 Defense and Aerospace
    5.3.4 Healthcare
    5.3.5 Manufacturing
    5.3.6 Government
    5.3.7 Other End-user Industries
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Corning Inc.
    6.1.2 Sumitomo Electric Industries Ltd
    6.1.3 Finisar Corporation
    6.1.4 AFL Communications LLC
    6.1.5 Prysmian Group
    6.1.6 Coherent Inc.
    6.1.7 General Cable Corporation
    6.1.8 LS Cable & System (LS Group)
    6.1.9 Sterlite Technologies Ltd
    6.1.10 Yangtze Optical Fiber and Cable Joint Stock Ltd Co.
    6.1.11 Hengtong (HTGD
    6.1.12 Fujikura Ltd
    6.1.13 Futong Holdings
    6.1.14 Furukawa Electric Co., Ltd.

    7 INVESTMENT OUTLOOK

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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