Global Fiber Optic Cable Market is valued at USD 11.58 Billion in 2021 and is expected to reach USD 27.13 Billion by 2028 with a CAGR of 11.23% over the forecast period.
A fiber-optic cable, also known as an optical-fiber cable, is an assembly similar to an electrical cable but contains one or more optical fibers used to carry light. Fiber optic cables are rapidly moving from the copper wire network to the optic fiber network. Cables are extremely thin and pure glass that transmits the data in the form of light. Fiber optic cable use principle known as total internal reflection. These cables ae is composed of two layers of glass: The core, which carries the actual light signal, and the cladding, which is a layer of glass surrounding the core.
The diameter of the core is approximately 10-micrometer, and the diameter of cladding is 125 micrometers. Utmost fibers operate in duplex pairs one fiber is used to transmit and the other is used to receive. There are two main types of fiber optic cables are; single-mode fiber and multi-mode fiber. The difference is principally in the size of the core. MMF has a big wider core, allowing multiple modes (or “rays”) of light to propagate. Optical fiber cable is used in different industries such as medical, telecommunication, networking, military, manufacturing, and data- storage industry. The main advantages of fiber optic cables are they transfer unlimited information, and have high carrying capacity, they do not dissipate heat, they have very low transmission losses, they are immune to cross-talk and electromagnetic interference.
Covid-19 pandemic has shown a mixed impact on the global fiber optic market, due to the factors such as shortage of the raw material & supply chain which in turn hampered the production due to the disturbance in transportation & availability of labor. On the other side, the reopening of construction projects and manufactured zones & the relaxation of given laws are likely to offer possible growth to the market. Adoption of future demand of 5G services in developed and developing countries may boost the market growth. The demand for high-quality audio and video transmission and seamless network connectivity for online meetings and watching movies & series on Netflix and others are likely to have a positive impact on the fiber optic market growth.
Fiber optic cables are segmented on the basis of fiber type, cable type, application, and region & country level. Based on fiber type, the market is classified as glass fiber and plastic fiber. Based on cable type, the fiber optic cable market is classified as single-mode and multi-mode. Based on application, the market is classified as communication such as medical telecom, military, utility, manufacturing, and others and non-communication such as sensors and fiber optic lighting.
The regions covered in the Fiber Optic Cable Market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of Fiber Optic Cable is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Fiber optic lighting
On December 8th, 2020: Sterlite Technologies Ltd. designed and integrates the digital network. Sterlite Technologies Ltd is a leading end-to-end solutions provider for global digital networks. STL are partners with global telecom companies, cloud companies, citizen networks, and large enterprises to deliver solutions for their fixed and wireless networks for current and future needs. Today’s networks are continuously changing with new imperatives of deep fiberisation, like densification, vendor neutrality, and edge computing. To solve this issue STL designed the “Celesta Ribbon Cable”. Celesta cables contain high-density optical fiber cable with a capacity of up to approximately 6912 optical fibers. Network operators can reduce roll-out time, optimize duct space utilization, reduce the size of passive network infrastructure and improve network performance resulting in as much as 32% savings in the overall investment, thereby permitting them to roll out 5G future-ready networks efficiently.
Increasing demand for the internet is one of the growth factors of the fiber optic cable market. Internet is a global system of connected devices. Fiber optic cables are the foundation of the internet. Fiber optic cable is used as a medium for transmitting information from one location to another location. According to the International Telecommunication Union (ITU); 62.3% of the global population was using the internet in January 2021. The growing importance of data transfer and storage, and IoT, cloud computing is driving the use of the internet. According to International Energy Agency; the number of internet users is expected to increase from 4.66 billion in 2021 to 7.0 billion by 2025.
Moreover, the number of IoT connections in the year 2021 is more than 10 billion active IoT devices. IoT is an online integration of mostly machine-to-machine daily use devices. The demand for the internet also increases by several factors such as the number of connected devices in the home, the demand of over to top video content, and an increase in internet access. The growing number of connected devices will increase demand for higher bandwidth, which will, in turn, the demand for fiber optic cable are increasing.
FTTx is a fiber optic cable network architecture that uses fiber optics as the optical medium to transmit information in a local loop used for long-distance telecommunications. FTTx includes FTTH (Fiber to the Home), FTTP (Fiber to the Premises), FTTB (Fiber to the Building), FTTN (Fiber to the Node), and FTTC (Fiber to the Curb/Cabinet). Fiber cables are developed as essential because it’s the ability to take up higher bandwidth with greater speeds. Long-distance application increasing rapidly that requires higher bandwidth and speed.
The increased use of video technology, over-the-top content applications leads to the need for more network architectures such as FTTH and FTTB. Video technology consumes more bandwidth. Super high definition requires more bandwidth as compared to standard definition video. Entertainment provider companies such as Netflix and Amazon Prime have recommended at least 25 Mb/s speed to view super HD content over their streaming services. All these technological developments in video quality and streaming services provide are also supplementing the growth of the global fiber optic cable market.
However, the higher initial cost for installation compared to coaxial or copper cable and alternative wireless connectivity solutions may hamper the overall growth of the global fiber optic cable market. In spite of this, the integration of advancements such as electronic pulse technology and rising penetration of the internet and telecommunication industry will create more opportunities in the global fiber optic cable market.
On a geographic basis, North America is expected to dominate the global fiber optic cable market due to the significant growth of the fiber optic cable industry, high investment in research and development in this field in this region. The Leading countries of the fiber optic cable market in North America are the USA, Canada. Approximately 13 fiber optic cables manufacturers in the North American region. Out of 13, 11 manufactures belong to the United States. Corning Cable Systems Inc. is a key manufacturing player of fiber optic cable in North America. The first optical fiber cable with low attenuation, used for telecommunication was developed in Corning’s laboratory in 1970. Corning Cable Systems Inc. delivered more than one billion kilometers of optical fiber cable networks across the globe. Prysmian manufacture develops a new range of micro blowable cables with “Pico” tubes. The new fiber optic cable tube technology combined with the use of 200µm optical fibers enables loose tubes. Also, America Fujikura Limited is major fiber optic cable manufacture n United States. Additionally, key players of fiber optic cable Belden, CommScope, Nexans Berk-Tek, NextGen Fiber Optics, OFS Brightwave, etc. increasing fiber optic cable manufacturing industry helps to grow the fiber optic cable market.
The Asia Pacific is projected to become the fastest-growing market for fiber optic cable as the number of working-class population in India use high-end smartphones supporting various technologies such as Wi-Fi, 3G, etc. working class of consumers, in particular, increasing the demand for high-speed data services. The Indian government has launched new projects to expand fiber optic cable infrastructure for meeting the country’s increasing data transmission demand. Digitization of cable TV networks has been compulsory within the country, which is further increasing the demand for fiber optic cable networks. Fiber optics cabling is used for a number of commercials, medical, and industrial applications such as metrology, endoscopy, semiconductor, and dental curing, electronic automation, power transmission, automotive data transmission utility lighting, web inspection, surgical. The major users of fiber optic cables include telecom service providers, Cable TV operators, defense agencies and PSUs, internet service providers, multiple system operators, among others.
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 11.58 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||11.23%|
|Market Size Expected in 2028:||USD 27.13 Billion|
|Tables, Charts & Figures:||175|
|Fiber Optics Cable Manufacturers||ZTT International Limited, FOLAN, Sumitomo Electric Ltd., Hengtong, Fiber Home, FUJIKURA LTD., Futong, Prysmian Cables & Systems Limited, Group Co. Ltd., TongDing YOFC, Nexans S.A., Jiangsu Etern Co. Ltd., Corning Inc., Kaile Science and Technology Co Ltd., Jiangsu Fasten Company Limited, SterliteTech, CommScope Inc.|
|Segments Covered||By Fiber Type, By Cable Type, By Application Type|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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