Global Fiber Optic Cables Market is Estimated to Reach $7 Billion by 2025, Says Accurize Market Research
Global Fiber Optic Cables Market report published by Accurize Market Research forecast that the global market is expected to reach $7 billion by 2025; growing at a CAGR of 7.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Technological progresses in the field of data communication and increasing opportunities in the healthcare sector to drive the growth of the market
Technological progresses in the field of data communication and increasing opportunities in the healthcare sector fuel the demand for the global fiber optic cables market. Furthermore, integration of fiber optic cables with IT industryalso boosts the growth of the market.
The global fiber optic cables market has been bifurcated on the basis of cable type, optical fiber type, application and geography. Cable type segment is further segmented into single mode cable and multi-mode cable. Optical fiber type segment can be bifurcated into glass optical fiber and plastic optical fiber. Furthermore, application segment includes communications and non-communications. Communication is bifurcated into telecom, premises, utility, CATV, military, industrial, security and metropolitan. Non-communication application is further segmented into sensors and fiber optic lighting.
By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).The U.S., Mexico and Canada are covered under North America wherein Europe covers U.K, Germany, France, Italy, Spain, Russia and others. Asia-Pacific covers China, India, Japan, Indonesia, Australia, Malaysia and others. RoW covers South America, Middle East and Africa.
Top players in the market
The key players operational in the market includesCorning Inc., Finolex, Finisar, AFL Global, Sumitomo Electronics Industries (SEI), Leoni AG, Ls Cable & System, Furukawa Electric, General Cable Corporation, and Prysmian Group among others.
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