Fiber Optic Cable Market worth USD 21456.71 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Fiber Optic Cable Market by Cable Type (Single-Mode Cable, and Multi-Mode Cable), by Material Type (Plastic Optical Fiber, and Glass Optical Fiber), by End User Vertical, IT and Telecom, BFSI, Defense and Aerospace, Manufacturing, and Other End-user Verticals), and by Region - Global Trends, Market Share, and Forecast to 2027". The global fiber optic cable market was valued at USD 8,316.2 million in 2020 to USD 21456.71 million by 2027, at a CAGR of 14.5% from 2021 to 2027. The demands of broadband access networks are continuously increasing with the evolution of new services such as image-based internet, video on demand, and IP TV. For such FTTx applications, voice and data transmission from the OLT (Optical Line Terminal) are produced at a downstream wavelength of 1490 nm. Wavelength division multiplexing (WDM) enables an upstream connection wavelength at 1,310 nm so that the bidirectional transmission can occur over the same fiber. Inexpensive laser optic technology can be utilized at the ONT (Optical Network Terminal) (user) end, which can reduce costs of the WDM, including the management and installation costs. Videoconferencing and teleworking, coupled with the desire to have increasingly fast remote access to corporate LAN resources, constituted as drivers for FTTx investment. However, not all industry and business sectors will have the same demand to transfer large files and the same level of desire (or need) to initiate videoconferencing sessions.

Global Fiber Optic Cable Market Segmentation

The overall fiber optic cable market has been segmented into cable type, material, end user, and region.

• By Cable Type (Single-Mode Cable and Multi-Mode Cable)
• By Material Type (Plastic Optical Fiber and Glass Optical Fiber)
• By End User Vertical, IT and Telecom, BFSI, Defense and Aerospace, Manufacturing, and Other End-user Verticals)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Glass Optical Fiber, by Material Type, is estimated to hold the largest market share during the forecast period

Based on the Material Type, the global fiber optic cable market has been segmented into the plastic optical fiber and glass optical fiber. In 2020, glass optical fiber accounted for the largest market share of 81.5% in the global fiber optic cable market and had a CAGR of 14.0% during the forecast period.

Glass optical fiber (GOF) is an optical fiber made of tiny strands of glass that are bundled together. Since the material used is of a delicate type, this fiber cannot be cut, spliced, or repaired. It is also less resistant to flexibility and accidental breakage. In contrast to the extrusion method used for plastic optical fibers, GOF is typically manufactured using the pulling process. These cables are placed inside an application-specific sheathing like stainless steel for durability and high temperatures. GOF transmits through the core of the fiber, similar to the plastic optical fiber. The glass cores have significantly higher transfer speeds due to their efficiency in transmitting light. Thus, they are used over long sensing distances and are optimized even for small spaces and small targets. They are also compatible with a long list of fiber heads and can be used with both visible red and infrared light.

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The Asia Pacific accounts for the largest market share during the forecast period in the fiber optic cable market

Based on the regions, the global fiber optic cable market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific is accounted for the highest market share of 61.94% in the global fiber optic cable market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe and North America. In 2020, China had the largest market revenue share of 82.66% in the Asia Pacific region and growing at a CAGR of 13.8% during the forecast period.

China dominates not only the regional market but also the global fiber optic cable market. The country has a high density of optical fiber networks and is aggressively investing in new optical fiber infrastructure. Although China Unicom and Telecom’s FTTH projects have passed most houses in major cities in the country, the government’s demand for improving the broadband coverage in rural areas and establishment of 5G networks in upcoming years might maintain high levels of optical cable demand. Increasing the adoption of fiber optics cables to transmit signals with a minimum amount of loss has been growing in the country. Over the past few years, FTTH has been the influencing factor for the growth of optic fibers. According to FTTH Council Asia-Pacific, in 2018, China represented 74% of the total FTTH/B Homes Passed in the Asia-Pacific region.

Some of the major companies that operate in the global fiber optic cable market are Corning Inc, Finisar Corporation (II-VI Incorporated), Sumitomo Electric Industries Ltd, Leoni AG, Prysmian Group, Coherent Inc., Furukawa Electric Co. Ltd, LS Cable & System, Sterlite Technologies Ltd, Yangtze Optical Fiber and Cable Joint Stock Ltd Co., Hitachi Cable America Inc., Hengtong Group Co. Ltd, Fujikura Ltd, Nexans SA, Commscope Inc., and Nestor Cables Ltd.

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