Global Fiber Optic Cables Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. A fiber optic cable is a long distance network telecommunications cable made from strands of glass fibers which works on the principle knownas total internal reflection. These are used to transfer digital data signals in the form of light up to distances of hundreds of miles with higher throughput rates than those achievable via electrical communication cables. Compared to wired cables, some of the advantages of fiber optic cables provide higher bandwidth and can transmit data over longer distances, very high-performance data networking, and telecommunications. Optic fiber cables are extremely sensitivity so it is normally covered with a high-strength, lightweight protective materials like Kevlar.
Technological developments in the field of data communication and growing opportunities in the healthcare sector are boosting the growth of the global fiber optic cables market. Moreover, integration of fiber optic cables with IT industry is also expected to fuel the growth of the market. However, cyber security may hinder the growth of the market. Furthermore, opportunities from various enterprises from emerging economies and fast and reliable data transfer over Fiber Optic Cables would provide growth in the upcoming years.
The global Fiber Optic Cables market is segmented based on the 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.
The global fiber optic cables market by geography 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.
Major companies operating in the global Fiber Optic Cables market are Ls Cable & System, Corning Inc., Finolex, Finisar, AFL Global, Sumitomo Electronics Industries (SEI), Leoni AG, Furukawa Electric, General Cable Corporation, and Prysmian Group, among others.
The key takeaways from the report
Scope of Fiber Optic Cables Market
Cable Type Segments
Optical Fiber Type Segments