Fiber Optic Cable Market Leading Players, Covid-19 Business Impact, Future Estimation And Forecast 2030

Published: 2024-01-24
Views: 168
Author: maximizegn1
Published in: Business

Fiber Optic Cable Market Overview

Maximize Market Research's most recent report on the Fiber Optic Cable Market for the years 2024-2030 provides valuable insights into market competitors. The report conducts a comprehensive analysis of the market, exploring essential business insights through an in-depth examination of the market's value chain structure, geographical aspects, applications, and anticipated market size throughout the forecast period.

Market Value : 

Fiber Optic Cable Market was valued at USD 12.85 Bn. in 2023, and is expected to reach USD 33.15 Bn. by 2030, growing at a CAGR of 14.5 % during the forecast period (2024-2030)

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Scope and Methodology of the Fiber Optic Cable Market Report:

The Fiber Optic Cable Market report aims to provide insights into market size, segment analysis, regional considerations, and industry competition. Employing a bottom-up approach, the report estimates and forecasts market growth, offering a detailed examination of key players' revenue performance. It covers a comprehensive analysis of the Fiber Optic Cable Market at global, regional, and local levels, identifying factors that influence, drive, and challenge market growth during the forecast period.

Regional Insights:

North America emerged as the dominant region in the Fiber Optic Cable market in 2022, primarily due to the presence of market leaders. Europe and Asia Pacific are witnessing rapid growth, driven by technological advancements in these regions.

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Segmentation of the Fiber Optic Cable Market:

By Cable Type, the single-mode category is expected to have a large fiber optic cable market share. A single-mode fiber optic cable has a lower core diameter of around 9 m as compared to a multi-mode fiber optic cable with a core diameter of 50 m or greater. When compared to multi-mode fibers, single-mode fiber optic cables can transmit signals at significantly higher speeds and over much longer distances. Single-mode fiber optics cable's supremacy is mostly owing to rising demand from long-distance transmission applications. Telecom businesses often utilise single-mode fibers for long-distance and high-bandwidth requirements. They are also utilised by cable television providers, as well as schools and institutions.

By Deployment, the aerial sector is likely to dominate the deployment segment in the fiber optic cable market. Aerial fiber deployments are likely to expand as the adoption of Fiber to the Home (FTTH) services grows. When opposed to subterranean deployment, aerial deployment allows for speedier fiber optics installation. It also has cheap repair and maintenance expenses, which will help the fiber optic cable market develop even further. Aerial fiber optic deployment is preferred by telecom operators throughout the world due to benefits such as cost effectiveness, fast deployment pace, and flexibility. For example, Orange S.A. (France), a French telecom provider, said in January 2022 that it had installed optical fiber to around 63% of France's 29 million FTTH-eligible premises.

By Application, the IT & Telecommunication application segment dominated the fiber optic cable market in 2022 and is expected to continue to dominate over the forecast period. The increased deployment of fiber optics in the telecom sector is largely responsible for the high market share. Fiber optics is used in the telecom industry for a variety of reasons, including point-to-point communication, entertainment, content delivery networks, access to Internet-enabled services, crucial communication, and news & infotainment. Its rise is attributed to factors such as a rising Internet user base, low-cost services provided by service providers, the availability of low-cost communication equipment, and an increasing number of subscribers for different wireless and fixed-point communication devices.

Key Players in the Fiber Optic Cable Market:

1. Corning Inc
2. W.L. Gore & Associates
3. Sumitomo Electric Industries Ltd
4. Finisar Corporation (II-VI Incorporated)
5. Hitachi Cable America Inc. (Hitachi Cable)
6. Reflex Photonics Inc.
7. Nexans SA
8. Leoni AG
9. Fujikura Ltd
10.Prysmian Group
11.Coherent Inc.
12.Furukawa Electric Co. Ltd
13.Tongding Group Co., Ltd.
14.LS Cable & System (LS Group)
15.Sterlite Technologies Ltd
16.Yangtze Optical Fibre and Cable Joint Stock Limited
17.Hengtong Group Co. Ltd
18.Rockwell Collins
19.Commscope Inc.
20.Nestor Cables Ltd

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Key questions answered in Fiber Optic Cable Market are:

1. What is Fiber Optic Cable Market?
2. What are the recent industry trends that can be implemented to generate additional revenue streams for the Fiber Optic Cable Market?
3. Which factors are the lucrative opportunities for the Fiber Optic Cable market growth?
4. Which factors are limiting the scope of the Fiber Optic Cable market?
5. How is the intervention from regulatory authority shaping the Fiber Optic Cable Market?
6. What growth strategies are the key players considering to increase their presence in the Fiber Optic Cable Market?

Key Offerings:

1. Past Market Size and Competitive Landscape (2018 to 2021)
2. Past Pricing and price curve by region (2018 to 2021)
3. Market Size, Share, Size & Forecast by different segment | 2022−2029
4. Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
5. Market Segmentation – A detailed analysis by segment with their sub-segments and Region
6. Competitive Landscape – Profiles of selected key players by region from a strategic perspective
   1. Competitive landscape – Market Leaders, Market Followers, Regional player
   2. Competitive benchmarking of key players by region
7. PESTLE Analysis
8. PORTER’s analysis
9. Value chain and supply chain analysis
10. Legal Aspects of business by region
11. Lucrative business opportunities with SWOT analysis
12. Recommendations

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