Global Fiber Optic Cables Market Size, Trends & Analysis - Forecasts to 2026 By Type (Single-Mode and Multi-Mode), By Type of Application (Avionics, Cabin Interiors, Communication Systems, Electronic Warfare, Flight Management Systems, In-Flight Entertainment (IFE) Systems, Radar Systems, and Others), By Type of End Use (Commercial, Military, and Space), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
The fiber optic cables market is interpreted to exhibit emphatic augmentation of 14.5% during the forecast period (2020-2026). Fiber optics means the transmission of information and data by sending a pulse of light through optic fiber, the transmitted light forms an electromagnetic carrier wave to modulate data transfer. The advantages of fiber optic cable are higher bandwidth and deployment of cloud-based solutions. The disadvantages are high installation costs and cable is compact & vulnerable. COVID-19 had seen a dip in the operations of the market but it is estimated to rise in the forecast period. An increase in digitization, the popularity of IoT, and increasing demand for FTTX are the influencers in the enlargement of the market.
Single-mode and multi-mode are the types in the fiber optic cables market. The multi-mode segment is analyzed to dominate in the forecast period. Better budget provisions for telecommunications, the rising importance of data storage, and accessibility of the internet are the factors boosting the expansion of the market.
Based on the type of applications, avionics, cabin interiors, communication systems, electronic warfare, avionics, radar systems, and others are the market bifurcations of the global market. Radar systems are examined to be trending upwards in the forecast period. An increase in sea trade activities, increasing demand for telecommunications, and the introduction of 5G networks are the drivers influencing the enlargement of the market.
The market segmentation based on end-use is commercial, military, and space. Commercial end-user owns the largest share in the CAGR for the forecast period. An Increase in government initiatives, the importance of data storage, and an increase in telecommunication network companies are the accelerators assisting the growth of the market.
Given the regional analysis, North America has remained to be a preferred region yet, the Asia Pacific is followed to make elevated momentum in the global market. An increase in local access networks, an increase in population, and an increase in the telecommunication industry are the market influencers aiding the growth for the forecast period.
Thales Group, Terma AS, Rolta India, Selex Es Spa, Frequentis AG, Northrop Grumman Corporation, Kongsberg Gruppen, Saab AB, Elbit Systems Ltd, Indra Sistemas, SA, Lockheed Martin Corporation, Raytheon Technologies Corporation, Controp Precision Technologies Ltd., Tokyo Keiki Inc, Kelvin Hughes, and other industries are the dominant players in the global fiber optic cables market.
Please note: This is not an exhaustive list of companies profiled in the report.
In January 2018, CommScope Holding Co. Inc. proclaimed to have formed a diplomatic alliance with OFS Fitel, LLC.
In September 2017, Furukawa Electric Co., Ltd. declared its policies to boost its optical fiber manufacturing capacity by approximately two times by the end of 2019.
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The Global Fiber Optic Cables Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Fiber Optic Cables Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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