The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for higher bandwidth and faster speed connections are expected to drive innovation in fiber optical cable manufacturing, thus driving the market during the forecast period.

The global fiber optical cable market is expected to grow from $72.65 billion in 2022 to $80.24 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The global fiber optical cable market size is expected to grow to $115.12 billion in 2027 at a CAGR of 9.4%.

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Global Fiber Optical Cable Market Segments Include:

• By Product Type: Single-mode Cable, Multi-mode Cable
• By Application: Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Imaging, Railway, Other Applications
• By Type: Glass Optical Fiber, Plastic Optical Fiber
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fiber optical cable market in 2021.

Major Market Players in the fiber optical cable market include Corning Inc., Sumitomo Electric Industries Ltd., Prysmian Group, Sterlite Technologies Ltd., Fujikura Ltd., TE Connectivity, 3M, Amphenol.

The technological advancement in fiber optic cable is a key trend driving the growth of the fiber optic cable market. Wavelength division multiplexing (WDM) is the recent technological improvement in fiber cables. Wavelength division multiplexing is a technique of multiplexing the number of optical carrier signals through a single optical fiber channel by varying the wavelengths of laser lights. WDM allows communication in all directions in fiber cable. WDMs are used on a single optical fiber to blend light signals coming from different optical fibers. This is attained by using a coupler at the WDM input. In 2023, Asia-pacific is expected to be the fastest-growing market for WDMs, and multiple companies in China such as ZG Technology, and Optic Network Technology, are the leading manufacturers and suppliers of WDMs.

The Fiber Optical Cable Global Market Report 2023  provides a fiber optical cable market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fiber optical cable market forecast analyzes fiber optical cable market size, fiber optical cable market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Fiber optic cables are network cables containing strands of glass fibers inside an insulated case. These are mainly used as a medium for telecommunications and computer networking. They are also used as light guides, imaging tools, and lasers for medical surgery, and as wiring in aircraft, submarines, and other vehicles.

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