Growing use of Internet Bolsters the Global Fiber Optic Cable Market

Fiber Optic Cable

What is the Global Fiber Optic Cable Market Size?

It is estimated that Global Fiber Optic Cable Market is estimated to be growing at a pace of XXX% CAGR to reach USD XXX Billion by the year 2022.

A cable which contains one or more thin flexible fibers with a glass core through which light signals can be transmitted with very little loss of strength are called as Fiber Optic cables. These are used for high speed connectivity and other purposes of digital data transfer. Presently these fiber optic cables are widely used for Television signal broadcasting and high speed internet connection. With the increase in needs for high speed data transfer, the market for these cables are increased eventually.

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Factors Driving the Growth of Global Fiber Optic Cable Market:

Global Fiber Optic Cable Market is estimated to grow in forecasted period owing to supporting factors such as rapidly increasing internet traffic all over the globe. With growing utilization of mobile phones and other smart devices such as computers and tablets, number of internet users is eventually increasing. Till March 2017, a study reportedly stated that, there are 3.74 Billion active internet users around the globe, resulting into greater need of internet bandwidth. Fiber optic cable offers a stable and fast connectivity that enables high speed data transfer with less maintenance. However, it is observed that fiber optic cables are being replaced by copper cables and other metallic cables due to their various advantages over electrical transmission.

Geographic Segmentation

Based on geography, North America region is dominating the global market with highest share of over 30% of global share owing to technological advancements in telecommunication, and IT sector, and high adoption rate. The Asia Pacific region is estimated to be growing at higher pace due to increased manufacturing and technological developments in the regions. Especially, China, Japan and India markets are predicted to be contributing noticeable portion to the global market.

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Key Players in Global Fiber Optic Cable Market:

Corning Inc., Finisar Corporation, Prysmian Group, AFL Communications 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 Sterlite Technologies Ltd. are the major companies actively contributing to the Global Fiber Optic Cable Market.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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