Global Fiber Optic Cables Market

Fiber Optic Cables Market Insights

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.

Fiber Optic Cables Market: By Type

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.

Fiber Optic Cables Market: By Type of Application

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.

Fiber Optic Cables Market: By Type of End-Use

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.

Fiber Optic Cables Market: By Region

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.

Market Share and Competitor Analysis

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.