The global Fibre Optic Cables Market size is projected to reach a CAGR of 13.50% from 2023-2030.
Fibre optics is one of the methods of transmitting information that works by sending pulses of light through an optical fibre. The light transmitted then forms an electromagnetic carrier wave modulated to carry information. Fibre optics cable is used mainly for the digital transmission of data and is increasingly being used owing to its efficiency and high transmission capacity. Fibre optics cables are used usually when high bandwidth, long distance, or immunity from external or internal interferences are required.
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The use of fibre optic cable across a large number of end-use industries will propel the growth of the global market. Advantages of fibre optic cable such as longer reach and high bandwidth connectivity are projected to have a profound impact on the growth structure of the market. Furthermore, the high preference for the telecommunication sector and data centres is anticipated to accelerate the growth prospects of the fibre optic cable market. Fibre optic cables are flexible devices that are designed for long-distance and high-performance telecommunication.
Recent Developments
- In May 2022, Corning Incorporated (US) announced the expansion of its MiniXtend cable portfolio, with the introduction of MiniXtend HD cables for 12 to 72 fibres and MiniXtend XD cables for 192 and 288 fibres. The new MiniXtend HD cables and MiniXtend XD cables deliver high density, duct space efficiency, and reduced carbon footprint.
- In November 2021, Sumitomo Electric Industries, Ltd. (Japan) launched new ITU-T G.654.E terrestrial ultra-low-loss optical fibres and cables through its PureAdvance series. The new products, i.e., ultra-low-loss optical fibres and cables are suitable for broadband applications.
Prominent Players
- 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
- Yangtze Optical Fibre & Cable
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Asia Pacific to Dominate the Market
- Asia Pacific is expected to hold the largest share of the fibre optics market during the forecast period. The high market share is credited to the increasing government initiatives to support fibre optics deployment across the region.
- Extensive deployment of 5G base stations across China, South Korea, and Japan will support the market growth in the region.
Fibre Optic Cables Market Segmentation:
On the basis of fibre type
· Glass
· Plastic
On the basis of cable type
· Single-mode
· Multi-mode
On the basis of deployment
· Underground
· Underwater
· Aerial
On the basis of the application
· Communication
· Non-communication
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Fibre Optic Cables Market?
· Which region holds the largest market share in Fibre Optic Cables Market?
· Who are the major players in Fibre Optic Cables Market?
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