The global fiber optic cables market is expected to expand at a CAGR of 7% during the forecast period 2021 to 2030. The fiber optic cable market size is predicted to reach of around US$ 15 Billion by 2030. The development of new technologies in the telecom industry is expected to boost the global market during the forecast period. Developments in the telecom industry, including introduction of 4G LTE, 5G, and FTTH, have changed the manner in which services are delivered in the fiber optic cable market.
A fiber optic cable is a type of network cable that contains strands of glass fibers inside an insulated casing. Fiber optic cables are designed for use in long-distance and high-performance telecommunication and data networking. Fiber optic cables support much of the world's Internet service, telephone systems, and cable television networks.
A Key Driver
Market Trend
Major Challenges
Demand for High-speed Connectivity Emerges as Key Driving Force for Market Growth
The need to stay connected via the Internet has become crucial for individuals as well as international companies. Hence, companies in the fiber optic cable market are focusing on the deployment of cloud based storage solutions. As such, there is a growing need for sending and retrieving data at high speeds, high quality, and consistency. This has triggered the growth of the fiber optic cable market.
On the other hand, countries in Asia Pacific such as Singapore, South Korea, and Japan are at the forefront to provide high-speed connectivity. This explains why the revenue growth of Asia Pacific is anticipated to progress at an aggressive speed. Moreover, companies in the market for fiber optic cables are expanding their business in European countries including Latvia and Czech Republic due to high demands for faster Internet speed. Companies in the market for fiber optic cables are increasing their focus in developing economies, since governments are increasing efforts to fund projects of fiber optic networks in the transportation infrastructure.
Transportation of Large Digital Content through FEC Fuels Demand for Fiber Optic Cables
Advancements in technology are being observed in the fiber optic cable market in order to support the transport of huge volumes of digital content. The increasing use of direct detection techniques between transmitters and receivers is another key driver that is fueling market growth. As such, the fiber optic cable market is estimated to cross US$ 15 Bn by the end of 2030. Thus, coherent detection techniques such as forward error correction (FEC) are some of the game changers that are deploying high-speed data transfers.
The Google Fiber project is catching the attention of the U.S. companies in the market for fiber optic cables, where the project focuses on revamping the cities’ Internet network. The U.S. companies in the market for fiber optic cables are focusing on building state-of-the-art networks that are capable of transferring large gigabits of data within seconds.
High Capacity Base Transceiver Stations Hold Potentials to Solve Network Outage Issues
The fiber optic cable market is estimated to register a striking volume CAGR during the forecast period. Moreover, the telecommunication industry in developing countries such as Ghana is undergoing a significant change, which has triggered the demand for robust fiber optic cable networks. As such, the IT & telecommunication industry dictates the highest revenue among all industries in the market landscape. However, frequent network outages are some of the biggest challenges that operators need to address. Hence, establishing state-of-the-art optical plants, correct system configurations, and high capacity base transceiver stations are among few solutions that can solve the issue of network outages.
Companies in the fiber optic cable market are adhering to government regulations to bolster their credibility in the market. For instance, mobile network operators (MNOs) in Ghana opine that the National Communication Authority and Ghana Telecommunication Chambers should collaborate with the MNOs to build uninterrupted fiber optic networks.
Prominent Regions
According to regional analysis, Asia Pacific is the dominant region of the global fiber optic cable market. Growth of the market in the region can be attributed to the significant manufacturing ability of players operating in the Asia Pacific market to produce fiber optic cables for use in IT & telecommunication and aerospace & defense industries. China has proved to be the most diversified and dynamic market. A majority of single-mode optical fiber cables is expected to be installed in national and provincial trunks in China, and this is anticipated to drive the fiber optic cable market in Asia Pacific in the next few years. China held a major share of the Asia Pacific fiber optic cable market, in terms of revenue, followed by Japan, in 2019. However, in terms of revenue, the market in India is anticipated to expand at a significant CAGR during the forecast period. Additionally, North America is focusing on the adoption of fiber optic cables in order to strengthen its IT & telecommunication infrastructure and defense forces. The U.S. is home to several well-established players that design and offer fiber optic cables. Thus, rising demand for fiber optic cables in IT & telecommunication and aerospace & defense sectors is anticipated to boost the fiber optic cable market in North America during the forecast period. The market in Europe is estimated to witness prominent growth during the forecast period. The fiber optic cable market in Middle East & Africa and South America is expected to witness moderate growth in the near future.
Key Players:
Key players operating in the global fiber optic cable market are Corning Inc., Prysmian Group, HTGD, Furukawa Electric Co., Ltd., Yangtze Optical Fibre and Cable (YOFC), Sumitomo Electric Lightwave Corp., Tongding Interconnection Information Co. Ltd, CommScope, and Sterlite Tech.
Market Segmentation
By Fiber Type
By Cable Design
By Deployment
By End-use Industry
By Region
The main objective of this report is to define, describe, and forecast the global market by types, application, manufacturers, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in market.
COVID-19 Impact
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the research department explosive market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Major highlights of Report:
Geographical landscape: North America, Europe, Asia-Pacific, South America, Middle East and Africa
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the research department explosive market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the research department explosive market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Research department explosive market.
Market Segments: This part of the report discusses about product, application and other segments of the research department explosive market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Fiber Optic Cable Market, By Fiber
7.1. Fiber Optic Cable Market, by Fiber Type, 2021-2030
7.1.1. Single-mode Fiber
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Multi-mode Fiber
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Others
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Fiber Optic Cable Market, By Cable Design
8.1. Fiber Optic Cable Market, by Cable Design, 2021-2030
8.1.1. Ribbon Tube
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Loose Tube
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Tight Buffered
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Central Core
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Fiber Optic Cable Market, By Deployment Type
9.1. Fiber Optic Cable Market, by Deployment Type, 2021-2030
9.1.1. Underground
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Underwater
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Aerial
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Fiber Optic Cable Market, By End-user Type
10.1. Fiber Optic Cable Market, by End-user Type, 2021-2030
10.1.1. IT & Telecommunication
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Energy & Power
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Healthcare
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Aerospace & Defense
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Fiber Optic Cable Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.1.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.1.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.1.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.1.5.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.1.6.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.2.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.2.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.5.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.6.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.7.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.8.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.3.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.3.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.5.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.6.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.7.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.8.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.4.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.4.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.5.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.6.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.7.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.8.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.5.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.5.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.5.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.5.5.4. Market Revenue and Forecast, by End-user Type (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Fiber (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Cable Design (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.5.6.4. Market Revenue and Forecast, by End-user Type (2017-2030)
Chapter 12. Company Profiles
12.1. Corning Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Prysmian Group
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. HTGD
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Furukawa Electric Co., Ltd.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Yangtze Optical Fibre and Cable (YOFC)
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Sumitomo Electric Lightwave Corp.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Tongding Interconnection Information Co. Ltd
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. CommScope
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Sterlite Tech
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms