The globalfiber optic cable marketsize was USD 4.43 Billion in 2021 and is expected to register a revenue CAGR of 11% over the forecast period, according to the latest report by Reports and Data.
The key element driving the globalfiber optic cable market revenue growth is rising demand for high bandwidth. Fiber optics have a bandwidth of 1 Gbps. Fiber optic networks, with speeds ranging from 5 Mbps to 100 Gbps, are far faster than the fastest copper Internet connections. When compared to copper cables of the same diameter, fibre optic cables can transport significantly more data and provide a considerable boost in signal bandwidth. A 500-meter-long multimode fibre cable, for example, may transmit 1 GHz since the standard Bandwidth-Distance Product (BDP) for multimode fibre is 500 MHz/km. Furthermore, technical improvements in the telecom business have significantly expanded the adoption of broadband network topologies, which is boosting market revenue growth.
Another element driving revenue growth in the fibre optic cable industry is people's increasing desire for higher speeds. Internet rates of up to 100 Gbps are possible with fibre optic connectivity. These quicker speeds are significant because they prevent internet slowdowns when there is a high demand for internet access. Consumers may expect greater VoIP voice quality, faster data transfers to the cloud, and faster download speeds as a result of fibre optic cable, which is boosting market revenue growth.
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TypeOutlook (Revenue, USD Billion; 2019-2030)
Glass
Plastic
CableOutlook (Revenue, USD Billion; 2019-2030)
Single-Mode
Multi-Mode
ApplicationOutlook (Revenue, USD Billion; 2019-2030)
Communication
o Telecom
o Premises
o Utility
o Cable Antenna Television
o Industrial
o Military
o Others
Non-Communication
o Sensors
o Fiber Optic Lighting
DeploymentOutlook (Revenue, USD Billion; 2019-2030)
Underground
Underwater
Aerial
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Regional Markets Highlighted in the Global Fiber Optic Cable Market Report:
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
Latin America
o Brazil
o Rest of Latin America
Middle East Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of Middle East Africa
Top Companies Profiled in the Report:
TE Connectivity, Corning Incorporated, Amphenol Corporation, Infinite Electronics International, Inc., Hitachi Information Telecommunication Engineering, Ltd., Belden Inc., Ratioplast-Electronics, Panduit, RS Components Pte. Ltd Robinson Road, and NEXANS.
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