Fiber Optic Cable Market To be worth 13.87 billion by 2025 Know about Growth, Size, Comparative Analysis, Trends
Jul 9, 2018
Major Companies profiled in this report are Corning Incorporated, Fujikura Ltd., Sumitomo, Prysmian Group, YOFC, Nexans and Futong Group Co., Ltd. among others. Few of the other prominent players are General Cable Technologies Corporation, Belden Inc. and OFS Fitel, LLC among others.
Houston, United States - July 9, 2018 /MarketersMedia/ —
Research N Reports has added a new research report, titled “Fiber Optic Cable Market by Type (Single Mode, Multimode, Plastic Optical Fiber Mode); by Applications (Cable Television, Military/Aerospace, Oil & Gas, Private Data Network, Telecom & Broadband, Utilities, Healthcare Telemedicine, Transportation, Others); by Regions (North America, Europe, Asia-Pacific (APAC), Middle East & Africa and Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025”
The Global Fiber Optic Cable Market accounted for US$ 10.50 Bn in 2016 and is expected to reach US$ 13.87 Bn by 2025, growing at a CAGR of 5.8% from 2017 to 2025. A fiber optic cable is a network cable that encompasses strands of glass fibers inside an insulated casing. They're designed for long distance, very high-performance data networking and telecommunications. On par with wired cables, these cables offer higher bandwidth and can transmit data over longer distances. These cables support much of the world's internet, cable television and telephone systems. The global market is majorly driven by the pursuit of high bandwidth communication and growing opportunities in the healthcare sector along with increasing government funding in the development of network infrastructure.
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The Global Fiber Optic Cable Market is enhanced by factors such as:
# Increasing demand from Internet applications.
# Growing demand for increased network bandwidth.
# Emergence of disruptive technologies that shift the bandwidth usage.
From the type-wise segments studied in the report, the single mode segment is anticipated to hold the major share of the market. Single mode fiber uses very thin glass strands and a laser to generate light whereas multi-mode fibers use LEDs. Single mode fiber networks often use Wave Division Multiplexing (WDM) systems to upsurge the amount of data traffic that can be sent across the strand. WDM allows light at multiple wavelengths to be multiplexed and later de-multiplexed, efficiently transmitting multiple communication streams via a single light pulse.
Among application segments, the telecom & broadband segment would be the largest segment in terms of revenue and is anticipated to dominate the Global Fiber Optic Cable Market during the forecast period. Fiber optic cables are used by many telecom & broadband companies to transmit telephone signals, cable television signals and Internet communication. Investigators at Bell Labs have reached internet speeds of over 100 petabit Kilometer per second by means of fiber-optic communication. The technology is under constant R&D to develop low-cost applications and technological solutions for the mass market. Fiber optics have massive potential to be unified into a wide range of applications such as healthcare, railway, aerospace & defense, and oil & gas sectors.
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In terms of regional analysis, Asia-Pacific is anticipated to account for the largest market over the estimated time frame. Factors contributing to the growth of the market in this region are the upsurge in demand for Internet from emerging countries, growing industrialization, and the flourishing telecom industry. These factors, along with the forthcoming infrastructure projects in energy, institutional sites, transport networks, and residential projects are likely to drive the Global Fiber Optic Cable Market across various applications in the region.
Some of the significant players functional in the Global Fiber Optic Cable Market include Corning Incorporated, Fujikura Ltd., Sumitomo, Prysmian Group, YOFC, Nexans and Futong Group Co., Ltd. among others. Few of the other prominent players are General Cable Technologies Corporation, Belden Inc. and OFS Fitel, LLC among others.
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Source: MarketersMedia
Release ID: 373756
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