Optical Fiber Cables Market to Grow with a CAGR of 11.02% Globally through to 2028
Optical Fiber
Cables market increasing due to the rising demand for high-speed internet
connectivity and bandwidth-intensive applications in the forecast period, 2024-2028.
According
to TechSci Research report, “Global Optical Fiber Cables Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028. Global
Optical Fiber Cables market has witnessed tremendous growth in recent years,
reaching a valuation of USD 4.95 billion in 2022. The market is projected to
continue its strong upward trajectory, posting a CAGR of 11.02% from 2024 to
2028.
Global
Optical Fiber Cables market has witnessed significant growth over the past
year, driven primarily by increasing demand from the telecommunications and IT
& data center sectors. Leading telecom operators and hyperscale data center
providers have increasingly recognized the strategic and operational advantages
offered by optical fiber cables.
Optical
fiber cables enable high-speed data transmission and large bandwidth
capabilities that have become essential for 5G rollout and the growing adoption
of cloud, IoT, big data analytics and other data-intensive applications.
Telecom operators are partnering with major optical fiber cable manufacturers
to develop innovative fiber solutions tailored for 5G infrastructure and fiber
deep networks.
In
the IT & data center industry as well, optical fiber cables have emerged as
the preferred connectivity medium due to their ability to support data center
scale and hyperscale requirements. Leading cloud service and internet providers
are collaborating with optical fiber cable vendors to develop high-density fiber
solutions for building massive data center campuses and hyperscale networks.
Technologies
leveraging optical fiber infrastructure such as 100G, 400G and beyond optical
transmissions, artificial intelligence-driven network management, and smart
connectivity platforms have empowered enterprises with customized solutions.
This has given them a competitive edge by boosting network performance,
optimizing infrastructure costs and expediting the rollout of advanced digital
services.
Furthermore,
ongoing R&D in high-speed coherent technology, space-division multiplexing,
and next-generation fiber materials is fueling innovation. These advancements
are enabling telecom operators and cloud providers to establish data-driven
models for network planning, operations and service delivery using optical
fiber's vast bandwidth capabilities.
As
digital transformation continues to accelerate globally across industries, the
need for high-capacity connectivity will further increase reliance on optical
fiber cable infrastructure. This positions the market for continued strong
growth in the coming years as adoption expands worldwide.
Browse
over 26 market data Figures spread through 91 Pages and an in-depth TOC on
"Global Optical Fiber Cables Market”
Global
Optical Fiber Cables market is segmented based on fiber type, mode of
deployment, end-user industry and region.
Based
on fiber type, the market is divided into single-mode fiber (SMF) and
multi-mode fiber (MMF). SMF dominated the market in 2022 due to its widespread
use in long-distance and high-bandwidth applications. However, MMF is expected
to witness faster growth during the forecast period owing to increasing
adoption in short-distance, low-cost applications.
By
mode of deployment, the market covers underground, aerial and underwater
segments. The underground segment accounted for the largest share in 2022 due
to benefits such as lower susceptibility to environmental factors and easier
maintenance. However, the aerial segment is likely to exhibit higher CAGR
during 2023-2033 driven by cost-effectiveness for short-distance networks.
On
the basis of end-user industry, the market caters to healthcare, automotive,
telecommunications, military & aerospace, data centers, oil & gas and
others. The telecommunications industry held the largest share in 2022
attributed to rising investments in 5G infrastructure and FTTx networks.
Meanwhile, the data center segment is projected to grow at the fastest pace
owing to burgeoning demand for high-speed connectivity solutions.
Regionally,
the market has been analyzed across North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa. Asia Pacific dominated other regions in
2022 and is anticipated to continue its lead throughout the forecast period.
This can be credited to the massive ongoing digital transformation across
industries in China, India and Southeast Asian countries.
To
summarize, the global optical fiber cables market is likely to gain significant
traction in the coming years due to the rising demand for high-speed
connectivity worldwide.
Major companies
operating in Global Optical Fiber Cables Market are:
- Prysmian
S.p.A
- Sumitomo
Electric Industries, Ltd
- Corning
Incorporated
- CommScope
Holding Company, Inc.
- Nexans
S.A.
- ZTT
International Limited
- NKT
A/S
- Furukawa Electric Co., Ltd
- Fujikura Ltd.
- Sterlite Technologies Limited
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“Global
Optical Fiber Cables market has witnessed significant growth in recent years
and is well-positioned to continue expanding rapidly. Propelled by the rising
digital transformation across industries, the optical fiber cables market size
is projected to record strong revenue growth over the next five years.
Technologies
like AI, cloud computing, IoT, big data analytics have enabled enterprises to
leverage optical fiber cable platforms to optimize operations, generate
predictive insights, automate workflows and manage compliance at scale. By
collecting and analyzing vast amounts of data through advanced analytics,
optical fiber cable solutions allow companies to highly customize solutions,
reduce costs through streamlined processes and strengthen regulatory controls.
Both
large enterprises and SMEs are partnering with optical fiber cable providers to
digitally transform core and non-core functions. This adoption of optical fiber
cables helps organizations enhance customer experiences through personalized recommendations,
automate workflows to boost efficiencies and manage compliance requirements
more effectively.
Optical
fiber cable vendors continue making heavy R&D investments to develop
industry-specific solutions addressing diverse business needs. Regulatory
bodies are also framing policies to ensure data privacy and security standards
are maintained, fueling continued innovation.
Backed
by ongoing technological advancements in AI, cloud and IoT domains, growing
acceptance of data-driven strategies and continuous product innovation,
analysts project the global optical fiber cables market will register strong,
sustained revenue growth over the next five years. As digital technologies
become increasingly critical for business functions across sectors, optical
fiber cable solutions are cementing their role as indispensable tools for
optimizing processes.
The
future outlook for the global optical fiber cables market remains highly
positive, well-positioned for continued expansion driven by factors supporting
the ongoing digital transformation worldwide.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Optical Fiber Cables Market by Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Fiber Type (Single-Mode Fiber
(SMF), Multi-Mode Fiber (MMF)), By Mode of Deployment (Underground, Aerial, Underwater), By End-User
Industry (Healthcare, Automotive, Telecommunications, Military & Aerospace, Data Centers, Oil & Gas), By Region, By Competition”, has evaluated the future growth
potential of Global Optical Fiber Cables Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Optical Fiber Cables Market.
Contact
Techsci Research LLC
420 Lexington Avenue
Suite 300, New York
United States- 10170
M: +13322586602
Email: [email protected]
Web: https://www.techsciresearch.com