(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Fiber Optic Cable Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fiber Optic Cable Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023
Fiber optic cables are less vulnerable to noise and interference and are much thinner and lighter as compared to metal cables. Fiber optic cable enables digital data transmission and are used as the backbone for Internet and long-distance telecommunications.The global fiber optic cable market is expected to reach approximately USD 11.67 billion by 2025 at a CAGR of 11.18% from 2013 to 2025.
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The market has been segmented based on type, application, and region.
By type, the market has been divided into single mode and multimode cables. Single mode cable segment is dominating the fiber optic cable market by type and is expected to generate the highest revenue as the single-mode optical fiber has a single glass fiber strand and a small diametrical core which allows only one light beam to propagate, due to which, the number of light reflections is decreased. This reduces the overall distortion due to overlapping light pulses. The multi-mode segment is expected to grow at a constant rate during the forecast period since the multi-mode optical fibers are used for short distance data transmission or audio applications in LANs, backbone applications in buildings, and networking.
By application, the market is sub-segmented into long-distance communication, submarine cable, FTTX, local mobile metro network CATV, and local access network. Among these, the long-distance communication is expected to be the highest revenue generating application during the forecast period. The data rates required by different applications increase the adoption of fiber optic cables in various industries. IT & Telecommunication holds the highest share of the market for fiber optic cables.
Key Players
The key players in the global fiber optic cable market are Hengtong (China), Furukawa Electric Co. Ltd. (Japan), Prysmian Cables & Systems Limited (UK), Corning Inc. (US), YOFC (China), Futong (China), FOLAN (UK), FUJIKURA LTD (Japan), Sumitomo Electric, Ltd. (Japan), Tongding, Ltd (China), Kaile Science and Technology Co, Ltd (China), Nexans S.A (France), CommScope Inc (US), Sterlite Technologies (India), Fiber Home Telecom Tech (China), Jiangsu YongDing Company Limited (China), ZTT International Ltd (China), Belden Inc (US), Jiangsu Fasten (China)
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Global Fiber Optic Cable Market Analysis and Forecast, 2013–2025
• To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the fiber optic cable market
• To provide insights into factors affecting market growth
• To analyze the fiber optic cable market based on Porter's Five Forces analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main regions and their countries—North America, Europe, Asia-Pacific, and the rest of the world
• To provide country-level analysis of the market with respect to the current market size and future perspective
• To provide country-level analysis of the market for a segment on the basis of type, and application.
• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and research & development in fiber optic cable market.
Target Audience
• Software Developers
• End-users
• Government
• Research
• Education
• Distribution Vendors
• Technology Innovators
Key Findings
• The global fiber optic cable market has generated revenue of USD 5.16 billion in 2017 and is expected to reach market value of USD 11.67 billion by 2025 with 11.18% CAGR.
• Single mode type of cable is dominating the fiber optic cable market by type. It has generated market revenue of USD 2533.39 million in 2013 and is expected to generate USD 3699.18 of revenue by 2018. Whereas, multi-mode cable type is projected to generate USD 1857.03 million during the period 2013-2025.
• By application, the fiber optic cable market is dominated by long-distance communication in 2013 by generating the highest market revenue of USD 1269.17 million and is expected to generate the revenue of USD 1855.61 by 2018. Whereas submarine cable is estimated to generate market value of USD 1223.43 million by 2018 during the period 2013–2025.
• The market in Asia-Pacific is projected to be the highest revenue generating region, and the fastest growing market during the forecast period.
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Regional and Country-Level Analysis of the Fiber Optic Cable Market, Estimation and Forecast
Asia-Pacific is expected to be the highest revenue generating region in 2017 with a revenue of USD 2.03 billion and is the fastest growing region during the forecast period growing at a CAGR of 13.03%. This region is experiencing rising adoption of smartphones and increasing popularity of high-speed online gaming which triggers the need for fiber optic cable installations. Countries such as China, Japan, and India are substantially investing in enhancing their military and aerospace capabilities with the help of fiber optic cable technology. Also, there have been substantial investments by governments in research and development of fiber optic security solutions which is another factor driving the growth of fiber optic cable market in this region.
The report on the global fiber optic cable market also covers the following country-level analysis:
• North America
US
Canada
Mexico
• Europe
The UK
Germany
France
Rest of Europe
• Asia-Pacific
China
Japan
India
Southeast Asia
Rest of Asia-Pacific
• Rest of the World
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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