Fiber Optic Cable Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The fiber optic cable market was valued at USD 11.10 Billion in 2024. The industry is expected to grow at a CAGR of 9.70% during the forecast period of 2025-2034. The demand for fiber optic cables is slated to rise with the growth of the telecommunications sector, surging government intervention and the increasing need for high-speed internet. In turn, all these factors have resulted in the market likely attaining a valuation of USD 28.01 Billion by 2034.

Global Fiber Optic Cable Market Report Summary

Market Size 2024

• USD Billion 11.10

Market Size 2034

• USD Billion 28.01
• CAGR 2025-2034
• 9.70%

CAGR 2025-2034 - Market by Region

• Asia Pacific
• 11.6%

CAGR 2025-2034 - Market by Country

• China
• 14.6%

CAGR 2025-2034 - Market by Country

• India
• 13.4%

CAGR 2025-2034 - Market by Application

• Communication
• 10.7%

CAGR 2025-2034 - Market by Deployment

• Underground
• 11.0%

Fiber Optic Cable Market Growth

The increasing prominence of 5G technology and the consequent need for robust optical fiber networks for facilitating optimal network capacity utilization as well as seamless transmission of large data volumes will drive the fiber optic cable industry growth. According to industry reports, the pace of laying optical fibers in India significantly surged, rising six-fold since the onset of 5G services. The rise in initiatives for enhancing the infrastructure for barrier-free tolling as well as smart highways will drive the market growth. In October 2024, The National Highways Authority of India (NHAI) announced plans to lay down its own optical fibre cable network, along the major highways as per the public private partnership model.

Key Trends and Recent Developments

The global fiber optic cable market growth can be attributed to need for high-speed internet, surge in government investments, advancements in fiber optic technology, and increasing IoT integration.

March 2025

World's biggest cable maker Prysmian entered into a long-term partnership with United States-based firm Relativity Networks for producing hollow-core optical fiber cables for meeting the growing demand in data centres. Through this collaboration, Prysmian will produce high-performance cables deploying the latter’s hollow-core fiber technology.

November 2024

Telecom equipment firms Eurofiber and Odido disclosed the renewal of their partnership that focuses on fiberoptic network expansion specifically for companies and business parks. With this move, business customers can benefit from the high-quality services offered via Eurofiber’s reliable fiberoptic network.

July 2024

Leading optical and digital solutions firm Sterile Technologies (STL) launched its new high-density, 864F Micro Cables specifically developed for offering fast and uninterrupted connectivity to the dense fiber networks across the United States. These new cables offer longer network life, sustainability and cost saving while being easy to install.

April 2024

Well-known fiber optic cables manufacturer AFL invested over USD 50 million for expanding the manufacturing operations of its fiber optic cables in South Carolina in the United States. The investment will enhance the broadband access across the country while supporting AFL’s product range compliant with the Build America

High-speed internet requirements

The proliferating need for high-speed internet to facilitate applications, such as online gaming and streaming will boost the fiber optic cable market revenue. According to industry reports, the number of online gamers across the United Kingdom is expected to surge to 11.56 million in 2027. To that end, the surging adoption of fiber optic cables for providing reliable, efficient, and secure high-speed internet to businesses, homes, and public infrastructure will favor the product demand.

Government intervention

The proliferating support from the governing bodies in the form of initiatives, programs and investments will increase the fiber optic cable market share. In October 2024, The Government of Vietnam set up a new strategic goal for the availability of fiber-optic internet to all cities and provinces, households and industrial facilities across the country by 2030. The constant efforts on digital infrastructure strategy and expanding the broadband networks will promote market growth.

Technological advancements

The continuous advancements in fiber optic technologies and products to offer better broadband connectivity will add positive influence on the fiber optic cable industry expansion. In October 2023, India’s STL developed the world’s slimmest fiber for telecommunication, a new 160-micron optical fiber. This innovation was conceptualized as well as indigenously developed at STL’s Centre of Excellence, making it the first-ever company across the globe to develop and patent this technology.

AI integration

The increasing integration of artificial intelligence (AI) to improve pattern recognition, signal processing, and anomaly detection for faster and more precise interpretation of sensory data will support the fiber optic cable market expansion. In June 2021, NEC Corporation launched its Intelligent Optical Fiber Sensing Solution to allow communications service providers and optical fiber owners worldwide to utilize optical fiber as a sensor. Deployed with AI, the solution contributes to infrastructure maintenance for analyzing vibrations detected with optical fibers.

Fiber Optic Cable Market Trends

The demand of the fiber optic cable market is further benefited from the rise in the number of data centres and the growing reliance on structured cabling solutions in high-bandwidth data centers to address reliability, scalability, manageability, and flexibility. In October 2024, HFCL Limited, a leading technology and next-gen communications provider, introduced its new, high-fibre count IBR Cable allowing telcos and enterprises to drive installation of 5G network infrastructure. The rising rate of industrial automation, and the growing dependency on cloud computing technology to render reliable and effective data transmission will favor the product demand. According to industry reports, the demand for industrial automation may grow by 9.3% each year to record USD 307.7 billion in 2030.

Fiber Optic Cable Market Opportunities

The booming residential sector is making way for the rise in home broadband connections, further influencing the fiber optic cable market development. According to industry reports, the number of wired broadband connections across India amounted to 3.78 crore as of September 2023. This can be attributed to the soaring demand for new WiFi connections and expansion of mobile internet users. The rising research to improve the speed of data transfers to offer better connectivity will also drive the market growth. In March 2024, researchers from Aston University, by deploying existing fiber-optic cables, hit a rate of 301 terabits per second that is equivalent to the transfer of 1,800 4K movies over the internet within one second.

Fiber Optic Cable Market Restraints

The growth of the fiber optic cable market may be hindered due to the maximum limit of the bandwidth of signals that can be carried. Fiber optic cables are delicate and prone to physical damage when compared to copper cables. Higher cost of production, complexities of installation and repair, and the growing compatibility issues are other factors limiting the product uptake to some extent.

Fiber Optic Cable Industry Segmentation

The report titled “Fiber Optic Cable Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Fiber Type

• Glass
• Plastics

Market Breakup by Cable Type

• Single - Mode
• Multi - Mode

Market Breakup by Deployment

• Underground
• Underwater
• Aerial

Market Breakup by Application

• Communication
• Telecom
• Premises
• Utility
• CATV
• Military
• Industrial
• Others
• Non-Communication
• Sensors
• Fiber Optic Lighting

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Fiber Optic Cable Market Share

Market Insights by Fiber Type

The plastic fiber optic cable market is poised for expansion due to the rising preference as they offer short transmission distances, high frequencies, and narrow frequency ranges. These cables facilitate a large numerical opening and core diameter, thus enabling the connection and the feeding of light into the cable.

The demand for glass fiber optic cables is slated to rise with their ability to improve data transmission and imaging. The rising importance in safety applications across diverse industries will also drive the adoption of glass cables. In March 2025, Corning Incorporated unveiled its GlassWorks AI™ solutions to offer a one-stop shop for its customized data center products as well as services to assist operators in building the dense fiber infrastructure needed for generative AI.

Market Insights by Cable Type

The fiber optic cable market revenue will significantly grow with the strong demand for single-mode cables as they are widely deployed for long-distance network connections. These fiber optic cables are ideal for telecommunication, campus backbone, and large enterprise applications on account of their long-haul and high-bandwidth network links that are spread out over extended areas.

Multi-mode fiber optic cables are gaining prominence in the fiber optic cable industry as they have a much broader core allowing the simultaneous transmission of multiple streams of data. Rising research to bring innovations in this technology to facilitate higher transmission capacity will boost the segment growth. In December 2024, NTT Corporation and Hokkaido University demonstrated a new structural design for multi-mode and multi-core optical fibers.

Market Insights by Deployment

The fiber optic cable industry is expected to expand through underwater, underground, and aerial deployments. The demand for undersea cables is growing due to the globally surging internet penetration. Rising investments to increase the adoption of these cables to drive digital transformation will also favor the market trends. In April 2025, Vietnam’s military-run telecom leader Viettel’s subsidiary Viettel Networks invested USD 290 million to put the largest-capacity submarine fiber optic cable system, the Asia Direct Cable (ADC), into operation across the country.

Meanwhile, underground fiber optic cable market will attain immense popularity due to their ability to enable a lightning-fast data transmission for phone calls, internet, and streaming services. These cables are largely deployed by most businesses to quickly and securely send and receive information. The demand for aerial cables will increase with their pivotal role inmodern telecommunications networks to enable high-speed data transmission over long distances. These fiber optic cables are used for applications with cables suspended in the air, including cable television.

Market Insights by Application

Communication applications will drive the fiber optic cable market due to rising adoption for the transmission of information from one place to another. The telecom sector deploys these cables to render reliable and high-speed data transmissions. Fiber optics play a crucial role in global telecommunications networks as they enable high-speed internet connections, data transmission and voice calls. While the military utilizes fiber optics for various purposes, utility companies use these cables for managing the increasingly complex network comprising micro-grids and renewable energy sources. In November 2024, the Indian Army installed optical fiber for high-speed connectivity while enhancing operations in remote and challenging terrains.

Non communication applications, including sensors and fiber optic lighting will witness higher deployment of fiber optic cables to meet the needs of modern connectivity solutions. Sensors deploy plastic or glass fiber-optic cables for detecting small parts and can be utilized in hard-to-reach places given their high flexibility. On the other side, fiber optic technology is revolutionizing innovations in fiber optic networks advancements for offering benefits and capabilities surpassing traditional copper-based systems

Fiber Optic Cable Market Regional Analysis

CAGR 2025-2034 - Market by

• Country
• China
• 14.6%
• India
• 13.4%
• Japan
• 12.8%
• Canada
• 12.8%
• USA
• 11.0%
• Australia
• 10.5%
• UK
• Germany
• France
• Italy
• Saudi Arabia
• Brazil
• Mexico

North America Fiber Optic Cable Market Opportunities

The presence of well-established defense and aerospace sectors will promote the fiber optic cable industry expansion. Following its launch in July 2022, the International Space Station witnessed the arrival of two NASA-backed optical fiber manufacturing payloads as part of the SpaceX Commercial Resupply Services mission. The increasing rate of cable production along with the thriving adoption of the latest technologies will also prove favorable for the product deployment. In March 2023, renowned network connectivity solutions provider CommScope expanded its fiber-optic cable production for accelerating the rollout of broadband in the United States in a bid to connect more communities and underserved areas.

Europe Fiber Optic Cable Market Trends

The fiber optic cable market in Europe is poised for expansion with the rising regulatory support for the production, exports and imports of fiber optics cables in the region. In October 2023, the Government of the United Kingdom imposed new measures with agreement from Trade Remedies Authority (TRA)’s recommendations on dumping and subsidization for protecting the country’s growing optical fiber cables market from unfair trading practices from China. The increasing fiber penetration, mainly in Spain, Romania, Germany and Austria, driven by the booming residential sector will increase the regional industry outlook. According to industry reports, the number of active FTTH connections in Spain stood at 15.4 million in September 2023.

Asia Pacific Fiber Optic Cable Market Drivers

The rising push for the deployment of 5G technology and the surging rate of internet usage are major factors driving the fiber optic cable market development in the Asia Pacific. The surging government efforts have accelerated the fiber deployments across the continent, further providing large support for 5G wireless infrastructure. In April 2023, Indian government merged telecom service provider Bharat Sanchar Nigam Limited (BSNL) and Bharat Broadband Network Limited (BBNL) for boosting fiber connectivity across the country. The growing developments in undersea cables due to a vast coastline and the rapid technological innovations in the telecommunication industry will drive the regional market growth.

Latin America Fiber Optic Cable Market Factors

The growing footprint of both the local and international players to enhance the connectivity across the region will favor the fiber optics cable market growth. In December 2024, leading Latin American digital infrastructure provider Cirion Technologies expanded its fiber network across Mexico by launching a new AI-ready fiber duct for improving the connectivity between Mexico City and Querétaro. With a large number of municipalities in Brazil served by fiber optic networks, the Government plans to enhance broadband connectivity by fiber optics cables. The surging focus on providing state-of-the-art infrastructure to meet the rising consumer demands for IT infrastructure, dedicated connectivity, and cloud presence will also boost the regional market growth.

Middle East and Africa Fiber Optic Cable Market Drivers

The fiber optics cable market in the Middle East and Africa will benefit from the growing demand for bandwidth and FTTH and the rising prominence of 5G and data center networks. The strong commitment to providing the best infrastructure across the region has resulted in the introduction of reliable, safe, and high-speed fiber optic networks for contributing to a new digital future. In 2023, the Dubai Electricity and Water Authority (DEWA) announced that it had extended over 364 kms of fiber optic ducts in different areas across Dubai in line with its efforts of building a world-class digital infrastructure in the country.

Competitive Landscape

Leading players in the fiber optic cable market are indulging in strategic initiatives aimed at strengthening their industry presence. Through technological innovations, investments, product launches, partnership ventures and expansions, these firms are widening their global presence and customer reach.

• Corning Incorporated
• Founded in 1851 and headquartered in New York, the United States, Corning Incorporated is an American multinational technology firm specializing in materials and technologies related to advanced optics, including fiber cable optics to primarily cater to industrial and scientific applications

Prysmian S.p.A

Founded in 1879, Prysmian S.p.A. is a multinational company with its headquarters in Milan, Italy. The firm specializes in the production of electrical cables that are widely used in the energy and telecom sectors and for optical fibers.

Fujikura Ltd.

Founded in 1910 and with its headquarters in Tokyo, global, Fujikura is a Japan-based electrical equipment manufacturing company known for developing as well as manufacturing power and telecommunication systems products, including devices for optical fibers, such as cutters and splicers.

Sumitomo Electric Industries, Ltd.

Founded in 1897, Sumitomo Electric Industries, Ltd. is a manufacturer of electric wire and optical fiber cables with headquarters in Osaka, Japan. The company is especially known for manufacturing and selling wires and cables for use in homes, buildings, factories and social infrastructure.

Major players in the fiber optic cable market are HENGTONG GROUP CO., LTD., Yangtze Optical Fibre and Cable Joint Stock Limited Company, Nexans S.A., CommScope, Inc., Belden Inc., Furukawa Electric Co., Ltd. and others.