Fiber optic cable Markets 2019 Global Industry Research Report provides market size, industry growth, share, development trends, investment plans, business ideas and forecasts by 2025. Scenarios and useful business decisions. The report includes a first-hand study of subjective comprehensive research and quantitative perspectives of key family pioneers for an in-depth understanding of other industry experts, markets and industry practices. The report provides a reasonable picture of the current market situation, including true and expected market estimates in terms of respect and volume of trade, technological advances, macroeconomic and governance factors.
Surge in connected devices such as wearables, smartphones, and tablets will drive the global fiber optic cable market. The global fiber optic cable market is estimated to reach a market value of US$ 6,783 million in 2019 and is forecast to reach US$ 10,140 million by 2027, growing at an estimated CAGR of 5.2% over the forecast period.
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In addition, advances in the telecommunications sector have increased the deployment of Fiber to the Home (FTTH) and Fiber to the Building (FTTB) network architectures. In June 2019, Google announced a new submarine cable route between Portugal and South Africa. The cable will be built by Alcatel Submarine Networks and the project is expected to begin in 2021. The above factors will drive demand for the global fiber optic cable market.
In addition, IoT, Big Data, and 5G rely primarily on real-time data collection and transmission. Fiber optics have a much greater bandwidth potential, making them suitable for these high bandwidth levels. Therefore, rapid adoption of optical fiber is expected.
While there are many advantages over alternative solutions, the growth of the global fiber optic cable market is undermined due to the high cost of installation and the complexity of the installation technology. Many small businesses face cost problems and do not choose fiber.
Major industry participants in the global Fiber optic cable market include Corning Incorporated, Sterlite Technologies Limited, Finolex Cables Limited, OFS Fitel, LLC, Prysmian Group, AFL, Optical Cable Corporation (OCC), Birla Furukawa Fiber Optics Limited, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC).
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Global fiber optic cable market By Type
- Single Mode
- Plastic Optical Fiber
Global fiber optic cable market By Application
- Cable Television
- Oil & Gas
- Private Data Network
- Telecom & Broadband
Global fiber optic cable market By Geography
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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The report offers a multi-step view of the Global Fiber optic cable Market. The first approach focuses through an impression of the market. This passage includes several arrangements, definitions, the chain assembly of the industry in one piece, and the various uses for the global market. This section also integrates an all-inclusive analysis of the different enlargement plans and government strategies that influence the market, its cost assemblies and industrialized processes. The second subdivision of the report includes analytics on the Global Fiber optic cable Market based on its size in terms of value and volume.
The cost analysis of Fiber optic cable Market was made considering manufacturing costs, labor costs, raw material and market concentration, suppliers and pricing trends. Other factors such as supply chain, downstream buyers and sourcing strategies have been evaluated to provide a complete and in-depth view of the market. Report buyers will be exposed to market positioning studies in consideration of target audience, brand strategy, and pricing strategy.
As a result of collecting and researching all information using SWOT analysis, there is a vivid picture of the competitive environment in the Fiber optic cable Market. Openings for future market development have been revealed, and likewise have taken the competitive advantage. The drift and propensity of this market has been taken into account, which shows that the strategic direction is good. Understand the market base and understand the market data using the standards, methodologies and other driving market trends determined for reference.
Key Findings of the Report:
- Multimode market segment held more accounted for more than US$ 3.3 billion in 2018 and is estimated to witness robust growth over the forecast timeframe. The growth is attributed to its high quality and accuracy. Plastic optic fiber is projected to grow at highest growth rate. The high growth is due its adoption across varied industry verticals.
- Telecom and Broadband market segment is expected to dominate during the study period, owing to growing adoption of technology in data transmission services. Moreover, increasing cloud based services such as video on demand & audio video services expected to stimulate market growth.
- In 2018, North America optic fiber market held the largest market share, accounting for nearly 30% of total global industry. Asia Pacific fiber optics cables market is expected to witness significant growth during the forecast period owing to rise in technological advancements in the region
- Key industry participants in the global fiber optics market are Corning Incorporated, Sterlite Technologies Limited, Finolex Cables Limited, OFS Fitel, LLC, Prysmian Group, AFL, Optical Cable Corporation (OCC), Birla Furukawa Fiber Optics Limited, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC).
- Geographical expansion, introduction of new products, acquisition and collaboration are some of the strategies adopted by companies to expand their reach and gain competitive advantage.
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