Fiber Optic Cables Market 2018-2026 | Size, Growth, Trends and Forecast | Credence Research

The global fiber optic cables market is supposed to show a 7.2 percent CAGR over the forecast period to reach US$ 7.95 billion by 2026.

SANJOSE, United States - July 1, 2019 /MarketersMedia/ —

According to a new market report issued by Credence Research Inc., "Global Fiber Optic Cables Market–Growth, Future Prospects, and Competitive Landscape, 2018–2026," the global fiber optic cables market is supposed to show a 7.2 percent CAGR over the forecast period to reach US$ 7.95 billion by 2026.

Product Insights
The most notable factor driving growth in the market for fiber optic cables is rapidly increasing Internet traffic worldwide. With the growing proliferation of mobile devices, the number of internet users has risen rapidly since the last few years. As of March 2017, there were nearly 3.74 billion internet users around the globe, resulting in higher internet bandwidth requirements. Demand for unceasing bandwidth yields substantial growth in the global fiber optic cables market. Fiber optic cable provides a constant, stable, and fast internet connection allowing high-speed data transfer with minimal interference. In the recent past, it has become apparent that fiber optic cables are rapidly replacing copper cables and other metal wires due to their wide range of advantages over the electrical transmission.

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Some of the main advantages of fiber optic cables are as below:

Higher bandwidth with less attenuation
High information carrying capacity
Resists electromagnetic interference
Low signal degradation.
Light-weighted.
Smaller size
Ease of accommodating increasing bandwidth.

Furthermore, increasing expenditure on network infrastructure development is another major factor driving demand for fiber optic cables. Given the immense benefits of fiber optic cables, more network providers are moving towards the establishment of optical networks. In the following years, the advent of the Internet of Things (IoT) is expected to generate high demand for internet bandwidth. As a result, a growing number of connected devices are expected to support market growth further. However, high installation costs coupled with complex fiber optic cable installation process act as a market restraint.

Furthermore, the lack of industry standards has also hampered the demand for fiber optic cables in industrial environments as well as in subscriber networks. The growth of fiber optic cables has been very rapid in recent years with omnipresent demand for high-speed internet. As a result, market players emphasize the development of more sophisticated optical cables that can offer high-speed internet with reduced need for amplifiers.

Competitive Insights:
Additionally, mergers & acquisitions have emerged as a prominent strategy for market players seeking to expand their business. Corning, Inc., for instance, announced the acquisition of 3 M's Communications Unit in 2017. The acquisition is completed to help Corning expand further its geographic reach and optical product offerings. Major players identified on the global fiber optic cable market include Corning, Inc., Finisar Corporation, Prysmian Group, AFL Telecommunications LLC, Sumitomo Electric Industries, Ltd., LS Cable & System Ltd., LEONI, Furukawa Electric Co., Ltd., Finolex Cables Ltd., General Cable Technologies Corporation, Yangtze Optical Fiber and Cable Joint Stock Ltd. Co. and Ltd. Sterlite Technologies.

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1. Preface
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2. Executive Summary
2.1. Market Snapshot: Global Fiber Optic Cables Market
2.2. Global Fiber Optic Cables Market, By Fiber Type
2.3. Global Fiber Optic Cables Market, By Material
2.4. Global Fiber Optic Cables Market, By Application
2.5. Global Fiber Optic Cables Market, By Geography

3. Market Dynamics
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4. Global Fiber Optic Cables Market Value, By Fiber Type , 2016 – 2026 (US$ Bn)
4.1. Overview
4.2. Single Mode
4.3. Multi-mode

5. Global Fiber Optic Cables Market Value, By Material , 2016 – 2026 (US$ Bn)
5.1. Overview
5.2. Glass Optical Fiber
5.3. Plastic Optical Fiber

6. Global Fiber Optic Cables Market Value, By Application , 2016 – 2026 (US$ Bn)
6.1. Overview
6.2. Banking, Financial Services & Insurance (BFSI)
6.3. Defense & Aerospace
6.4. Oil & Gas
6.5. Healthcare
6.6. Telecom
6.7. Others (Transportation, Industrial, etc.)

7. North America Fiber Optic Cables Market Analysis, 2016 – 2026 (US$ Bn)
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8. Europe Fiber Optic Cables Market Analysis, 2016 – 2026 (US$ Bn)
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9. Asia Pacific Fiber Optic Cables Market Analysis, 2016 – 2026 (US$ Bn)
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10. Rest of the World Fiber Optic Cables Market Analysis, 2016 – 2026 (US$ Bn)
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11. Company Profiles
11.1. Corning, Inc.
11.2. Finisar Corporation
11.3. Prysmian Group
11.4. AFL Communications LLC
11.5. Sumitomo Electric Industries, Ltd.
11.6. LS Cable & System Ltd.
11.7. LEONI
11.8. Furukawa Electric Co., Ltd.
11.9. Finolex Cables Ltd.
11.10. General Cable Technologies Corporation
11.11. Yangtze Optical Fiber and Cable Joint Stock Ltd. Co.
11.12. Sterlite Technologies Ltd.
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