Press Release / Technology / Fiber Optic Cable Market Global Development Industry Trends and Future Outlook to 2027

Fiber Optic Cable Market Global Development Industry Trends and Future Outlook to 2027

Market Highlights:

An optical fiber is a type of cable which uses plastic or glass to transfer digital signals in the form of light waves. The light pulses are converted into binary values at the receiving end of an optical fiber which can be read by a computer. The cable consists of two key parts: core and cladding. The core is made of pure glass with materials like silicon dioxide whereas the cladding is doped with small amounts of boron and germanium. Doping the cladding reduces its index of refraction.

In the area of communications, copper wires are being replaced by optical cables, because of its advantages the associated with electrical transmission. Fiber optical cables offer extremely high bandwidth, high security, resistant to electromagnetic interference, and are capable of transmitting signals to long ranges. In the forthcoming years, silicon-based optic fibers are expected to be replaced by polymer optical fibers which offer easy and cost-efficient processing of optical signals. At present, research and development activities are being carried for developing polymer optical fibers as transmission media for an aircraft.

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Major Key Players

Luna (U.S.),

Avantes (U.S),

L-com.com (U.S.),

Optical Cable Corporation (U.S.),

Ofs Fitel, Llc (U.S.),

Infinera Corporation (U.S.),

Corning INC. (U.S.),

Geokon, Incorporated (U.S.),

Molex Incorporated (U.S.),

Anixter International (U.S),

Prysmian Spa (Italy),

Birla Furukawa Fiber Optics (India), Fujikura Limited (Japan), AFC Group (Australia), Finolex Cable Limited (India), Sterlite Technologies (India), Pepperl+Fuchs (Germany), TE Connectivity (Switzerland), and Extron Electronics (U.S.) are some of the prominent players at the forefront of competition in the Global Fiber Optic Market and are profiled in MRFR Analysis.

In its Analysis, MRFR asserts that the global Fiber Optic Cable market will ascend up to USD ~6 billion by 2027, registering a significant double digit CAGR of ~10% during the forecast period 2017-2027.

Segmentation

The global fiber optic cable market is segmented on the basis of cable type, optical fiber type, application, and region. On the basis of cable type, the segment is further classified into single mode and multi-mode. On the basis of optical fiber type, the segment is further classified into glass and plastics. On the basis of application, the segment is further classified into electronics & communication, oil & gas, aerospace & defence, healthcare & security and many others.

Regional Analysis

The global fiber optic cable market is studied for North America, Europe, Asia Pacific and rest of the world. Asia Pacific is estimated to show high growth rate during the forecast period. The rising demand for the internet in emerging countries like India, China & Taiwan, and increased industrialization are driving the market in this region. Development of new technologies and growing FTTX (Fiber to the X) are fuelling the market in this region. North America and Europe are also poised to hold significant share in the global fiber optic cable market. The rise in application areas of optic fiber and large-scale adoption in telecommunications is driving the market in this region.

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Intended Audience

Fiber optics manufacturers
Fiber optics dealers
Fiber optics suppliers
End users,
raw material suppliers
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