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

The global multimode fiber market is expected to grow from $11.17 billion in 2022 to $11.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The global multimode-fiber cable market is expected to grow to $13.78 billion in 2027 at a CAGR of 3.7%.

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Global Multimode Fiber Market Segments Include:

• By Product Type: Step Index Fiber, Gradient Type
• By Application: IT & Telecom, Government, Energy, Automotive, Industries, Other Applications
• By Cable Type: Single-mode Cable, Multi-mode Cable
• By Material Type: Plastics Optical Fiber, Glass 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 multimode fiber market in 2021.

Major Market Players in the multimode fiber market include Corning, TE Connectivity, CommScope, 3M, Fujikura, Amphenol, Molex, Prysmian, OFS Furukawa, Belden, and Sumitomo.

The technological advancement in the fiber optic cable act as a key trend driving the growth of the multi-mode fiber cable market. Wavelength division multiplexing (WDM) is the recent technological improvement in the 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, Optic Network Technology, are the leading manufacturers and suppliers of WDMs.

The Multimode Fiber Global Market Report 2023 provides a multimode fiber market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The multimode fiber market forecast analyzes multimode fiber market size, multimode fiber 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.

The multimode fiber cable is an optical fiber cable, which is designed to carry multiple light rays simultaneously with a slightly different reflection angle. Multimode fiber cable can be used for short distances as the modes disperse over longer lengths. It is used in various industries such as telecom, broadcasting, military/aerospace, healthcare, and power.

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