Optical Fiber Cable Market Overview, 2023-28

Globally, the market for optical fibre cables will expand rapidly. Because of the growing need for scalable, quick, and dependable communication infrastructure networks, optical fibre is now widely used. It is 10 times faster and can transport much more data than copper wires of the same diameter. For instance, the FTTH deployments from AT&T Fibre and Version Fios allow for super-fast file transfers and 4K video streaming. Among other forthcoming technologies, the Internet of Things (IoT) and 5G are projected to be fueled by characteristics like the high-bandwidth connectivity of optical fibre. The optical fibre cable market is also significantly influenced by 5G networks. One important feature that can be used to harden the Internet is the ability to use fibre connectivity, which could be a major factor propelling the market for optical fibre cable globally. The market for optical fibre cables has been significantly influenced by the rising need for higher bandwidth caused by the increased use of data-intensive applications, including video streaming, cloud computing, online gaming, and social media. Compared to conventional copper cables, optical fibres can carry data at significantly higher rates and over greater distances, making them crucial for supplying the expanding bandwidth needs. Furthermore, the need for optical fibre cables has been greatly boosted by the global rise in internet adoption, particularly in emerging nations. The demand for dependable and fast connectivity grows as more people access the internet and engage in the digital economy. Optical fibre cables allow for reliable and efficient data transfer, aiding digitalization initiatives in numerous industries.

According to the research report, Global Optical Fiber Cable Market Overview, 2023-2028 the market is expected to reach USD more than 13 Billion by 2028 with a significant CAGR of 13.02 % from USD 6.3 Billion in 2022. Government spending on building telecommunications infrastructure is increasing, hastening industry expansion. The government is investing in research to broaden and improve the capabilities of soliciting. The public's increased awareness of technology's benefits also helps the market grow. Rising internet usage will be a key factor in the market's expansion over the course of the projected period. The increasing need for fibre optic cable, which is used in telecommunications services like the internet, television, and telephones, is another factor affecting the market's revenue growth. Fibre optics make it feasible to network data over long distances and at great speeds. The fact that fibre optic cable is unaffected by changes in temperature, inclement weather, or moisture is another factor driving the market's rise. Consumer demand for better speeds is another factor boosting the fibre optic cable industry's expansion. With fibre-optic access, internet speeds can surge to an incredible 100 Gbps. Because they prevent internet slowdowns during times of heavy demand for internet access, these faster speeds are essential. Consumers may anticipate higher VoIP voice quality, quicker data transfers to the cloud, and faster download speeds as a result of the increase in demand for fibre optic connection. As more nations invest in fibre-to-the-home (FTTH) infrastructure, more residential customers will have access to fast internet. This trend was sparked by the necessity to accommodate bandwidth-hungry apps and the need for better internet connections. Higher data transfer rates, greater transmission lengths, and improved dependability were made possible by technological improvements in fibre optic technology. For instance, dense wavelenglongersion multiplexing (DWDM) enabled the simultaneous transmission of many wavelengths across a single fibre, hence improving the overall capacity. Additionally, installing and deploying optical fibre cables in varied situations became simpler with the invention of bend-insensitive fibres.

The largest market for optical fibre cable worldwide is Asia-Pacific, followed by North America. Recent years have seen strong economic growth in the Asia-Pacific area, which has increased spending on telecommunications infrastructure. Rising disposable incomes, an escalating middle-class population, and the expansion of numerous businesses have all contributed to this increase. Optical fibre cables are essential for ensuring seamless communication for both consumers and enterprises, as well as supporting the developing digital economy. A sizeable chunk of the world's population, including densely populated nations like China and India, resides in the Asia-Pacific region. The region's growing urbanisation has increased the demand for high-speed internet connectivity, necessitating a significant optical fibre cable infrastructure. To promote economic growth, close the digital divide, and improve connectivity, governments in the Asia-Pacific region have given priority to the construction of strong telecommunications networks. Several programmes, including the National Broadband Network project in Australia and the Digital India campaign in India, have sped up the installation of optical fibre lines.

Based on cable, the global fiber optic cable market is segmented into single-mode and multi-mode. The single-mode segment is dominating the market in 2022. Compared to multimode fibres, single-mode fibre cables have a bigger core diameter, which enables them to transmit signals with a higher bandwidth across greater distances. They have minimal signal attenuation, which enables the signals to travel farther distances with little to no loss, which makes them perfect for long-distance applications. Additionally, compared to multimode fibres, single-mode fibre cables can carry data over far greater distances. They use a single transmission mode and a compact core, which lessens dispersion and signal degradation. Due to this property, single-mode fibres are well suited for uses that call for connectivity over long distances, such as long-distance telephony, submarine cables, and international connections. Over the anticipated period, the multi-mode category is anticipated to have the market's highest CAGR.

Based on installation type, market include overhead, underground and submarine. Among them the overhead installation is the most preferred type for installation of optical fiber cable. Fibre optics can be installed more quickly with overhead installation than with underground or submarine installation. It needs less maintenance and repair, which will encourage market growth. Telecom operators all over the world are adding fibre optic overhead because of advantages including cost effectiveness, quick installation, and flexibility. Additionally, you have more freedom to grow your network with an overhead installation. Additional optical fibre cables can be readily linked to the presently installed overhead infrastructure as the need for capacity increases. The network can be more readily upgraded and made future-proof due to its scalability without compromising the existing infrastructure. Potential environmental issues with subsurface installation are avoided with overhead installation. Trench excavation for subterranean installation may impair water drainage networks, tree roots, and ecosystems. In some situations, overhead installation may be more environmentally benign since it reduces these negative effects on the environment.

Companies mentioned in the report:

Nexans S.A., Prysmian S.p.A., Furukawa Electric Co., Ltd., Fujikura Ltd., Belden Incorporated, CommScope Holding Company, Inc, Hengtong Group, Sumitomo Electric Industries, Ltd., Corning Incorporated, Te Connectivity.

Considered in this report

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Global Optical Fiber Cable market with its value and forecast along with its segments
• Region-wise Optical Fiber Cable market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

By Cable Type:

• Single Mode
• Multi-Mode

By Installation Type:

• Overhead
• Underground
• Submarine

By End-User:

• Power Infrastructure (Energy, Power Transmission and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial and Utility Vehicles)
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Optical Fiber Cable industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.