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Global Fiber Optic Cable Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Fiber Optic Cable

Fiber Optic Cable Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Fiber Optic Cable market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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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. 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.

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.

    Key Manufacturers Like 

  • 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..

    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.
  • Fiber Optic Cable market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Fiber Optic Cable market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Fiber Optic Cable market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Fiber Optic Cable market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Fiber Optic Cable market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Fiber Optic Cable ?
    • Who are Opportunities, Risk and Driving Force of Fiber Optic Cable market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Fiber Optic Cable space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Fiber Optic Cable market opportunities, market risk and market overview of the Market?

    Lastly, the Global Fiber Optic Cable Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Fiber Optic Cable Market Report:

    • To provide a detailed analysis of the market structure along with the Fiber Optic Cable market forecast of various segments and sub-segments of the Fiber Optic Cable market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Fiber Optic Cable market trends that influence the global Fiber Optic Cable market

    Detailed TOC of Fiber Optic Cable Market Report 2019-2024:

    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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