This report provides exclusive insights into the COVID-19 impact on the Fiber Optic Cable Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Fiber Optic Cable Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Fiber Optic Cable Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on fiber optic cable market provides in-depth analysis of segments and sub-segments in global as well as regional fiber optic cable market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional fiber optic cable market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global fiber optic cable market. According to the report the global fiber optic cable market is projected to grow at a CAGR of X.X% over the forecast period of 2018-2024.
Fiber optic cables carry communication signals using pulses of light generated by small lasers or light-emitting diodes (LEDs). A standard fiber optic cable contains one or more optical fibers. The fibers are coated by plastic layers and contained in a protective jacket depending on the environment the cable will be placed. A fiber optic cable is a direct link through which it connects one country to the rest of the globe for voice and data transmissions. Wires at the bottom of the ocean are called submarine communications cables that transmit Ninety-nine percent of international data. The main advantage of wide usage of the fiber optic cables are, they are cheaper than the satellites. Fiber cables are mostly rated at 10 Gbps, 40 Gbps nevertheless 100 Gbps are standard.
The rising demand for high standard internet services for cloud services, e-commerce, social media, and several other activities are driving the growth of the fiber optic cables. Furthermore, increasing demand for cost-effective, power-efficient and high-level integration of IT infrastructure are the factors anticipated to boost the demand over the forecast period. In addition, Fiber optic cables are used for aquaculture beneath the sea. However, installation of the entire system is a labor-intensive process especially for the installation of the network for underground and undersea connections that is one of the costliest processes. This, in turn, is likely to hamper the growth of the global fiber optic cable market.
However, capital investment used in the development of new fabrication technologies will pose a challenge to the market demand. Furthermore, considering the immense benefits of fiber optics, the huge number of providers are shifting their focus towards establishing optical networks. Hence, the introduction of the internet of things is projected to generate high demand for internet bandwidth over the upcoming years. In addition, silicon-based optic fibers are being replaced with polymer optical fibers which offer easy and cost-efficient processing of optical signals. Moreover, advances in technologies leading to increasing the data transmission rates are the factors providing immense growth opportunities for the key players in the global fiber optic cables market.
Among the geographies, North America dominated the global fiber optic market. The Asia-Pacific regional market is growing due to the increased technological advancements owing to the large-scale adoption in IT and telecommunication and administrative sector That requires high-speed internet connectivity. Moreover, the rising demand for the internet in emerging countries like India, China & Taiwan, and increased industrialization are driving the market in the Asia-Pacific region. The governments in the developed countries such as the UK, Germany, and Japan are investing heavily to enhance the security infrastructure on individuals and country levels. In addition, Europe is anticipated to hold a significant share in the global fiber optic cable market.
The report on global fiber optic cable market covers segments such as type and application. On the basis of type, the global fiber optic cable market is categorized into single mode fiber, multi-mode fiber, and plastic optic fiber. On the basis of application, the global fiber optic cable market is categorized into telecom, military & aerospace, BFSI, medical, oil & gas, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global fiber optic cable market such as Prysmian Group, Corning Inc., Finisar, AFL Global, Sumitomo Electronics Industries, LS Cable & System, Leoni AG, Furukawa Electric, General Cable Corporation, and Finolex.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global fiber optic cable market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fiber optic cable market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the fiber optic cable market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the fiber optic cable market to understand the present and future trends in this market and formulate their strategies accordingly.