Transparency Market Research delivers key insights on the global fiber optic cable market. In terms of revenue, the global market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global fiber optic cable market.
A fiber optic cable is a type of network cable that contains strands of glass fibers inside an insulated casing. Fiber optic cables are designed for use in long-distance and high-performance telecommunication and data networking. Fiber optic cables support much of the world’s Internet service, telephone systems, and cable television networks. The global fiber optic cable market has been broadly segmented by fiber type, cable design, deployment, and end-use industry.
Based on fiber type, the market has been divided into single-mode fiber, multi-mode fiber, and others. In terms of cable design, the global fiber optic cable market has been classified into ribbon tube, loose tube, tight buffered, central core, and others. Based on deployment, the market has been segmented into underground, underwater, aerial, and others. In terms of end-use industry, the market has been segregated into IT & telecommunication, aerospace & defense, healthcare, energy & power, and others. Among fiber types, the single-mode fiber segment holds a significant market share and it is anticipated to expand at a rapid pace during the forecast period. This is primarily attributable to significant deployment of single-mode fibers in the global IT & telecommunication industry.
Fiber Optic Cable Market: Dynamics
The continuously increasing need for 24×7 high-speed connectivity and increased traffic generation from services such as voice calls, emails, messaging, games, mobile Internet, downloads, and video streaming have unleashed the benefits of optical fiber cable networks. In view of the requirement for high-speed and 24×7 connectivity, continuous efforts are being made to make telecommunication networks vigorous, future proof, and consistent. The volume of data traveling through the Internet continues to increase, as more number of devices are being connected and new applications are being developed.
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Optical fiber is the only transmission medium capable of supporting this explosive growth. Common applications, such as web browsing and high-definition videos, constitute approximately 66% of this traffic. Attributes of fiber optic cables are expected to drive their use in end-use industries such as IT & telecommunication and healthcare. Thus, rising demand for high-speed connectivity is expected to drive the global fiber optic cable market at a significant pace in the near future.
Fiber optic cable is undoubtedly becoming one of the most rapidly growing transmission medium for installation and upgrade of new cabling, which includes horizontal, backbone, and desktop applications. Fiber optic cables are preferred for use in applications that require high bandwidth, long distance, and thorough immunity to electric interference. Fiber optic cables are perfectly suitable for use in systems with high data rate such as gigabit Ethernet, fiber distributed data interface, multimedia, asynchronous transfer mode, synchronous optical networking, and any other network that requires transfer of large and bandwidth-consuming data files over very long distances.
A unique research methodology is utilized by TMR to conduct comprehensive research on the global fiber optic cable market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.
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Secondary research sources referred to by analysts during production of the report on the global fiber optic cable market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to production of TMR’s study on the global fiber optic cable market as a primary research source.
These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global fiber optic cable market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global fiber optic cable market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the global fiber optic cable market more reliable and accurate.
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