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Fiber Optic Cable Market Overview
Fiber Optic Cable Market size is estimated to surpass $27.6 billion mark by 2030 growing at an estimated CAGR of more than 12.5% over the forecast period of 2024-2030. A Fiber Optic Cable is an assembly similar to an electrical cable, but containing one or more optical fibers that are used to carry light. The technology is one of the latest technologies that has developed over time, owing to comprehensive studies performed through thorough research and development by researchers and scientists around the world. The technology based on acrylate polymers has proven to be a blessing across a wide range of applications and over time has increased the number of advances. The worldwide demand for the internet, coupled with the growing need for FTTx, is the major factor driving the growth of the fiber optics sector.
Increasing demand for communication at high bandwidth is boosting market growth. For example, these systems are used with ease to transmit data, speech, and images that range from a few meters to a few km. Telecommunications and IT have a wide variety of uses as primary industries. The development of fiber-rich networks has increased the market for these cables tremendously.
One trend that is expected to drive the fiber optic cable market in the forecast period is the increasing adoption of fiber optics in the healthcare sector. Fiber optic technology offers numerous advantages in healthcare applications, such as high-speed data transmission, low latency, and immunity to electromagnetic interference. These features are particularly beneficial for applications like telemedicine, remote patient monitoring, and medical imaging. Telemedicine, in particular, has witnessed a significant surge in adoption, especially after the COVID-19 pandemic, driving the demand for high-speed and reliable communication networks. Fiber optics can support the seamless transmission of high-resolution medical images, real-time video consultations, and remote patient monitoring data, enhancing the efficiency of healthcare services. Furthermore, the growing demand for minimally invasive surgical procedures has led to the development of advanced medical devices that rely on fiber optic technology for precise imaging and illumination. These factors are expected to fuel the demand for fiber optics in the healthcare sector, driving the growth of the market in the forecast period.
Report Coverage
The report: “Fiber Optic Cable Industry Outlook – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Fiber Optic Cable Market.
By Fiber Optic Type: Plastic, Glass
By Components: Core, Cladding, Strengthening Fibers, Cable Jacket, Coating and Others
By Type: Single Mode, Multi-Mode
By Application: Sensing, Wiring, Transmission, Light Guide, Imaging and Others
By End Use Industry: Data Storage, Automotive, Aerospace and Defence, Telecommunications, Industrial, Medical, Networking, Enterprise, Broadcast/CATV and Others
By Geography - North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).
Key Takeaways
• Global internet demand, coupled with the growing need for FTTx, is the major factor driving the growth of the fiber optics market.
• Growing opportunities in the healthcare sector such as endoscopic imaging applications and applications for biomedical sensing are boosting the growth of fiber optics market.
• Based on the core materials used in POF cable construction, POF varies from its single- and multimode counterparts. Though single- and multimode optical fibers have a glass core, the acrylate polymer core of the POF cables. This offers a dynamic portfolio of applications, with cost savings.
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Fiber Optic Cable Market Segment Analysis - By Application
The application of fiber optic cabling in internet connectivity is majorly used to improve the connectivity and is set to drive the market at a CAGR of 14.9% over the forecast period of 2024-2030. The increasing customer base from both enterprise and residential sectors is encouraging telecom companies to adopt fiber optic cabling and to enhance their internet bandwidth provisions. The use of light within Fiber Optic Cables offers several security benefits compared to a traditional copper cable. This is part of the reason why they are increasingly favored in today’s world, as there is a greater focus than ever before on protecting sensitive data. This is particularly the case in telecom, enterprise and industrial sectors. Whereas most optical fibers are installed to support long-distance connections between cities and countries, some residential internet providers have invested in extending their fiber installations to suburban neighbourhoods for direct access by households. Providers and industry professionals call these last mile installations. Companies such as. Verizon FIOS and Google Fiber are focusing on expanding their installation in Europe and North America with focus on city wide fiber installations.
Fiber Optic Cable Market Segment Analysis - By Fiber Type
The Plastic segment is expected to grow at a CAGR of 14.2% over the forecast period of 2024-2030. The plastic optic fiber market is expected to witness immense growth during the forecast period as the base material used for plastic optic fiber production differs from the base material used for multimode and single-mode optic fiber production. Based on the core materials used in POF cable construction POF differs from its single and multimode counterparts. While single- and multimode fiber optics have a core of glass, POF cables have a core of polymer. This offers a complex framework and permits cost savings. This is expected to boost the market growth of fiber type optic.
Fiber Optic Cable Market Segment Analysis - By Geography
North America region dominated the global Fiber Optic Cable market as of 2020. It is due to the presence of significant players namely Corning, Prysmian Group, AFL Telecom, Fitel and LS Cable and System. Consumers have increasingly demanded high-speed internet in their homes and on mobile devices, underpinning this rising number of companies. As a result, wireless carriers and cable providers are demanding polymide and acrylate polymer fiber-optic cable at increasing rates. The increase in fiber-optic cable networks has expanded the speed and size of wireless carriers' and cable providers' data networks, providing higher-speed data transmission and larger volume data transfers. Industry revenue is projected to continue grow due to this development. The rising telecommunication initiatives in Middle East and Africa is set to propel the Fiber Optic Cable market. Fiber optic access lines in Africa and the Middle East (AME) are expected to grow at a Compound Annual Growth Rate (CAGR) of 19% over the forecast period of 2024-2030, significantly driving the market.
Fiber Optic Cable Market Drivers
Increasing applications within Medical and Aerospace
As fiber optic technology has advanced, a number of use cases have been identified across a wide variety of industries. The medical industry has traditionally utilized polymide and acrylate polymer fiber optics for illumination, image transfer and laser signal delivery. Looking to the future, an increasing number of applications have the potential to drive the market including a new technology which could expedite the healing of wounds and tumor treatment. In the Aerospace sector, fiber optics are increasingly looked to as the solution for increasing connectivity on commercial flights. The use of fiber optics will enable improvements to in-flight entertainment and passenger Wi-Fi without interfering with or compromising the complex electrical data systems in place on aircraft. Fiber Optic Cables offer significantly greater bandwidth potential, speed and security versus their copper counterpart. As technology develops and an increasing number of applications are found, there is no doubt that the Fiber Optic Cable market will continue to grow. These growing avenues of growth for new applications of fiber optic cabling is set to significantly drive the market.
Adoption of Fiber for 5G Infrastructure
Optical fiber and fiber-optic cabling are the most-capable media in high-speed, long-distance data transmission, evidenced by their use in the world’s most-demanding networks. Fiber’s capabilities extend beyond the transport of bits and bytes for which it is most commonly known. This includes adoption of Fiber optic cabling for 5G infrastructure in the overhaul of telecom infrastructure worldwide. As wireless and wireline networks prepare for 5G, FirstNet, and enhanced Public Safety supported networks, RF Radio Access Network (RAN) technicians and administrators face new challenges in implementing and testing wireline equipment and fiber. As 5G promises to revolutionize the communications industry by delivering complete digital connectivity. 5G requires an ultra-flexible network, supporting key scenarios (eMBB, mMTC, URLLC) with single infrastructure. In order to achieve a true 5G revolution, optical fiber cables are essential. 5G is based on a small cell model that brings connectivity closer to the end-user. This small cell model requires a crucial fibre optic cable backbone in order to deliver a cohesive internet experience. The high bandwidth and speed requirements and low latency requirements for 5G can be delivered by using fiber technology in the access network to support increased mobile backhaul and small cell rollout. In view of the requirements of 5G expected in the long run regarding data rate, latency and fail-safety, the optical fiber is basically the most future-proof and scalable medium. In addition, it is operationally cost-effective in the long term because there are no longer active network elements between the control center and the mobile radio station.
Fiber Optic Cable Market Challenges
Alternative Wireless Connectivity Solutions
Wireless communication networks relay information over a microwave radio spectrum from one point to another. The knowledge is beamed down to the receiving dishes from one central location. The most commonly used techniques are radio frequency (RF) and fiber space optics (FSO) for wireless communication. The advantage of wireless communication over fiber optics usage is that the installation requires less capital. Another significant advantage of RF and FSO is their non-interference with each other. Therefore, the two systems can be used together in any application to improve performance. Hybrid systems are used in many application areas, where both technologies compensate for the limitations of weather conditions and distance. Wireless communication systems are thus gaining momentum over fiber optics, especially in applications that require a higher rate of data transfer and this is anticipated to hinder the market growth of Fiber Optic.
Fiber Optic Cable Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Fiber Optic Cable market. The key players in the Fiber Optic Cable market include
1. Optical Cable Corporation
2. Sterlite Technologies Limited
3. Fujikura Limited
4. Finolex Cable Limited
5. Ofs Fitel, Llc
6. Prysmian Spa
7. Corning Incorporated
8. Sumitomo Electric Industries, Ltd.
9. Yangtze Optical Fibre and Cable Joint Stock Limited Company
10. Birla Furukawa Fibre Optics
Recent Developments
• In September 2023, HFCL Limited launched its Intermittently Bonded Ribbon (IBR) Cables in the UK, a significant development in the fiber optic market. These cables, featuring individual ribbons of 12 optical fibers bonded at intervals, offer twice the fiber packing density of traditional cables in the same volume. They enable higher fiber counts in small ducts, ideal for congested areas. The IBR Cables also boast high productivity mass fusion splicing for faster installation and restoration. This move aligns with HFCL's global expansion, aiming to accelerate 5G and FTTP adoption in the UK and meet growing bandwidth needs.
• In April 2023, STL, a leading optical and digital solutions company, announced the development of its slimmest fiber yet - a 180-micron optical fiber. This fiber enables the smallest diameters in cables with the highest fiber densities. STL showcased a next-generation microcable with 288 fibers capable of being deployed in 8 mm ducts at the ongoing FTTH Conference 2023 in Madrid, Spain. These developments indicate recent innovations by STL in the fiber optic market.
1. Fiber Optic Cable Market Overview
1.1 Definitions and Scope
2. Fiber Optic Cable Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Type
2.3 Key trends By End Use Industry
2.4 Key trends segmented by Geography
3. Fiber Optic Cable Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Fiber Optic Cable Market – Industry Market Entry Scenario Premium
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Fiber Optic Cable Market – Startup Company Scenario
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Fiber Optic Cable Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Fiber Optic Cable Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Fiber Optic Cable Market – By Component (Market Size -$Million/Billion)
8.1 Core
8.2 Cladding
8.3 Coating
8.4 Strengthening Cable
8.5 Cable Jacket
8.6 Others
9. Fiber Optic Cable Market – By Application (Market Size -$Million/Billion)
9.1 Sensing
9.2 Wiring
9.3 Transmission
9.4 Light Guide
9.5 Imaging
9.6 Others
10. Fiber Optic Cable Market – By Fiber Optic Type (Market Size -$Million/Billion)
10.1 Plastic
10.2 Glass
11. Fiber Optic Cable Market – By Mode (Market Size -$Million/Billion)
11.1 Single Mode
11.2 Multi Mode
12. Fiber Optic Cable Market – By Industry Vertical (Market Size -$Million/Billion)
12.1 Data Storage
12.2 Automotive
12.3 Aerospace and Defence
12.4 IT and Telecom
12.5 Industrial
12.6 Medical
12.7 Networking
12.8 Enterprise
12.9 Broadcast/CATV
12.10 Others
13. Fiber Optic Cable Market - By Geography (Market Size -$Million/Billion)
13.1 North America
13.1.1 U.S.
13.1.2 Canada
13.1.3 Mexico
13.2 South America
13.2.1 Brazil
13.2.2 Argentina
13.2.3 Chile
13.2.4 Colombia
13.2.5 Others
13.3 Europe
13.3.1 Germany
13.3.2 France
13.3.3 UK
13.3.4 Italy
13.3.5 Spain
13.3.6 Russia
13.3.7 Netherlands
13.3.8 Others
13.4 APAC
13.4.1 China
13.4.2 Japan
13.4.3 South Korea
13.4.4 India
13.4.5 Australia
13.4.6 Indonesia
13.4.7 Malaysia
13.4.8 Others
13.5 RoW
13.5.1 Middle East
13.5.2 Africa
14. Fiber Optic Cable Market - Market Entropy
14.1 New product launches
14.2 M&A's, collaborations, JVs and partnerships
15. Fiber Optic Cable Market – Industry Competitive Landscape
15.1 Market Share – Global
15.2 Market Share by Region
15.3 Market Share by Industry Vertical
15.4 Market Share by Type
16. Fiber Optic Cable Market – Key Company List by Country Premium
17. Fiber Optic Cable Market - Company Analysis
17.1 Optical Cable Corporation
17.2 Sterlite Technologies Limited
17.3 Fujikura Limited
17.4 Finolex Cable Limited
17.5 Ofs Fitel, Llc
17.6 Prysmian Spa
17.7 Corning Incorporated
17.8 Sumitomo Electric Industries, Ltd.
17.9 Yangtze Optical Fibre and Cable Joint Stock Limited Company
17.10 Birla Furukawa Fibre Optics
"*Financials would be provided on a best-efforts basis for private companies"
LIST OF TABLES
1.Global Fiber Optic Cable Market, By Cable Type Market 2023-2030 ($M)1.1 Single-Mode Market 2023-2030 ($M) - Global Industry Research
1.2 Multi-Mode Market 2023-2030 ($M) - Global Industry Research
2.Global Fiber Optic Cable Market, By Fiber Type Market 2023-2030 ($M)
2.1 Glass Market 2023-2030 ($M) - Global Industry Research
2.2 Plastic Market 2023-2030 ($M) - Global Industry Research
3.Global Fiber Optic Cable Market, By Cable Type Market 2023-2030 (Volume/Units)
3.1 Single-Mode Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Multi-Mode Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Fiber Optic Cable Market, By Fiber Type Market 2023-2030 (Volume/Units)
4.1 Glass Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Plastic Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Fiber Optic Cable Market, By Cable Type Market 2023-2030 ($M)
5.1 Single-Mode Market 2023-2030 ($M) - Regional Industry Research
5.2 Multi-Mode Market 2023-2030 ($M) - Regional Industry Research
6.North America Fiber Optic Cable Market, By Fiber Type Market 2023-2030 ($M)
6.1 Glass Market 2023-2030 ($M) - Regional Industry Research
6.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
7.South America Fiber Optic Cable Market, By Cable Type Market 2023-2030 ($M)
7.1 Single-Mode Market 2023-2030 ($M) - Regional Industry Research
7.2 Multi-Mode Market 2023-2030 ($M) - Regional Industry Research
8.South America Fiber Optic Cable Market, By Fiber Type Market 2023-2030 ($M)
8.1 Glass Market 2023-2030 ($M) - Regional Industry Research
8.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
9.Europe Fiber Optic Cable Market, By Cable Type Market 2023-2030 ($M)
9.1 Single-Mode Market 2023-2030 ($M) - Regional Industry Research
9.2 Multi-Mode Market 2023-2030 ($M) - Regional Industry Research
10.Europe Fiber Optic Cable Market, By Fiber Type Market 2023-2030 ($M)
10.1 Glass Market 2023-2030 ($M) - Regional Industry Research
10.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
11.APAC Fiber Optic Cable Market, By Cable Type Market 2023-2030 ($M)
11.1 Single-Mode Market 2023-2030 ($M) - Regional Industry Research
11.2 Multi-Mode Market 2023-2030 ($M) - Regional Industry Research
12.APAC Fiber Optic Cable Market, By Fiber Type Market 2023-2030 ($M)
12.1 Glass Market 2023-2030 ($M) - Regional Industry Research
12.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
13.MENA Fiber Optic Cable Market, By Cable Type Market 2023-2030 ($M)
13.1 Single-Mode Market 2023-2030 ($M) - Regional Industry Research
13.2 Multi-Mode Market 2023-2030 ($M) - Regional Industry Research
14.MENA Fiber Optic Cable Market, By Fiber Type Market 2023-2030 ($M)
14.1 Glass Market 2023-2030 ($M) - Regional Industry Research
14.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Fiber Optics Cable Market Revenue, 2023-2030 ($M)2.Canada Fiber Optics Cable Market Revenue, 2023-2030 ($M)
3.Mexico Fiber Optics Cable Market Revenue, 2023-2030 ($M)
4.Brazil Fiber Optics Cable Market Revenue, 2023-2030 ($M)
5.Argentina Fiber Optics Cable Market Revenue, 2023-2030 ($M)
6.Peru Fiber Optics Cable Market Revenue, 2023-2030 ($M)
7.Colombia Fiber Optics Cable Market Revenue, 2023-2030 ($M)
8.Chile Fiber Optics Cable Market Revenue, 2023-2030 ($M)
9.Rest of South America Fiber Optics Cable Market Revenue, 2023-2030 ($M)
10.UK Fiber Optics Cable Market Revenue, 2023-2030 ($M)
11.Germany Fiber Optics Cable Market Revenue, 2023-2030 ($M)
12.France Fiber Optics Cable Market Revenue, 2023-2030 ($M)
13.Italy Fiber Optics Cable Market Revenue, 2023-2030 ($M)
14.Spain Fiber Optics Cable Market Revenue, 2023-2030 ($M)
15.Rest of Europe Fiber Optics Cable Market Revenue, 2023-2030 ($M)
16.China Fiber Optics Cable Market Revenue, 2023-2030 ($M)
17.India Fiber Optics Cable Market Revenue, 2023-2030 ($M)
18.Japan Fiber Optics Cable Market Revenue, 2023-2030 ($M)
19.South Korea Fiber Optics Cable Market Revenue, 2023-2030 ($M)
20.South Africa Fiber Optics Cable Market Revenue, 2023-2030 ($M)
21.North America Fiber Optics Cable By Application
22.South America Fiber Optics Cable By Application
23.Europe Fiber Optics Cable By Application
24.APAC Fiber Optics Cable By Application
25.MENA Fiber Optics Cable By Application
26.L Cable System Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Sumitomo Electric Industries, Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Afl, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Finisar Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Prysmian Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.General Cable Technology Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Furukawa Electric Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Leoni, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Corning Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Finolex Cable Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)