Fiber Optic Cable Market Size 2021

The informative report on the global Fiber Optic Cable Market Size has recently been published by Absolute Markets Insights to its comprehensive database which helps to make erudite business decisions. The report is an extensive source of information of various market attributes such as market size, growth, and shares. The detailed research report further also identifies some significant market segments while scrutinizing the market parameters.

Surge in connected devices such as wearables, smartphones, and tablets will drive the global Fiber Optic Cable Market Size. The global Fiber Optic Cable Market Size is estimated to reach a market value of US$ 6,783 million in 2019 and is forecast to reach US$ 10,140 million by 2030, growing at an estimated CAGR of 5.2% over the forecast period.

With rise in demand for Internet of Things (IoT) and subsequent rise in number of connected devices, data transmission has become important for the concerned users. According to the Ericsson mobility report, by the end of 2016, there were approximately 400 million IoT devices with cellphone connection. With increasing adoption of IoT technology coupled with concerned Fiber Optic Cable Market Size will generate huge incremental opportunity, over the forecast time period.

Access Full Report Details and Order this Premium Report @ https://www.absolutemarketsinsights.com/reports/Fiber-Optic-Cable-Market-2018-2026-20

Major Key Players:

Key industry participants in the Fiber Optic Cable Market Size 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).

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 Fiber Optic Cable Market Size growth.

In 2018, North America Fiber Optic Cable Market Size 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

Market Segmentation

Fiber Optic Cable Market Size By Type

Single Mode

Multimode

Plastic Optical Fiber

Fiber Optic Cable Market Size By Application

Cable Television

Military/Aerospace

Oil & Gas

Private Data Network

Telecom & Broadband

Utilities

Healthcare

Transportation

Others

Fiber Optic Cable Market Size By Geography

North America

U.S.

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic Countries

Benelux Union

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia

Indonesia

Thailand

Malaysia

Singapore

Rest of Southeast Asia

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East & Africa

Latin America

Argentina

Brazil

Rest of Latin America

…

Contact us:

Shreyas Tanna

Phone: +91-740-024-2424

Absolute Markets Insights

Email: [email protected]