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Global Fiber Optic Cable Market is expected to grow at a CAGR of 7.4% over the Forecast Period of 2018 – 2024

Infograph - Global Fiber Optic Cable Market

By Infinium Global Research Aug, 2020

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. 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, the 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.

The report on the Global Fiber Optic Cable Market covers segments such as type and application. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global Prysmian Group, Corning Inc., Finisar, AFL Global, Sumitomo Electronics Industries, LS Cable & System, Leoni AG, Furukawa Electric, General Cable Corporation, and Finolex.

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