The global demand for Fiber Optics Cable Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
A fiber-optic cable is also refers as optical-fiber cable, is an assembly similar to an electrical cable, but containing one or more optical fibers that are used to carry light. The optical fiber elements are typically individually coated with plastic layers and contained in a protective tube suitable for the environment where the cable will be deployed. Fiber optics is one of the methods of transmitting information that works by sending pulses of light through an optical fiber. The light transmitted 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, the increasing cloud-based applications, audio-video services, and Video-on-Demand (VoD) services stimulate the demand of fiber optic cable.
The growth in importance of data transfer and storage, Internet of Things, more number of connected devices, such as smartphones, tablets, and wearables are the major factors for the growth of the fiber optics cable market. Moreover, the market is expected to grow rapidly as these cables act as the main medium for fast and reliable data transfer. Moreover, due to many advantages of the fiber optics such as immunity to interferences from vibrations and electricity, ability to provide greater bandwidth also fuel growth. However, easy access to the internet in remote areas using wireless devices, and the high initial cost restrain the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of fiber optics cable.
The entire fiber optics cable market has been sub-categorized into cable type, material and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Cable Type
- Power Transmission
This section covers regional segmentation which accentuates on current and future demand for fiber optics cable market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Fiber Optics Cable Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fiber optics cable market include AFC Cable Systems, Corning Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., Hitachi Cable Ltd., Optical Cable Corporation, Prysmian Group, Sterlite technologies Ltd., Sumitomo Electric Industries Ltd., and Yangtze Optical Fiber & Cable. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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