Global Optical Fiber Cable Market 2019 To Expand At A CAGR Of 11.64% By Finisar Corporation, Sumitomo Electric Industries, Ltd., NEXANS, Reflex Photonics Inc., Tata Communications., Tongding Group Co., Ltd., CommScope & Others
The optical fiber cable market research report states market worth, volume and utilization estimates. Creators have gathered contributions from our trade experts that will save the time of key players in examining the market inside just as well as assist them to get total benefit. To give the entire situation of the present and future assessment in a progressively viable and better justifiable way, the report has inspected the market through both the subjective and quantitative procedures. The report provides an estimated market prospects for an estimated period of time i.e. 2019-2026.
Global Optical Fiber Cable Market is expected to rise from its initial estimated value of USD 3881.72 million in 2018 to an estimated value of USD 9366.62 million by 2026, registering a CAGR of 11.64% in the forecast period of 2019-2026. Increasing demand of fiber to the home (FTTH) connectivity is the major factor driving the market.
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Major Market Competitors/Players
Few of the major competitors currently working in optical fiber cable market are Fujikura Ltd., Corning Incorporated, Sterlite Technologies Limited., FURUKAWA ELECTRIC CO., LTD., Prysmian Group, Finisar Corporation, Sumitomo Electric Industries, Ltd., NEXANS, Reflex Photonics Inc., Tata Communications., Tongding Group Co., Ltd., CommScope, FIBERHOME, Jiangsu Zhongtian Technology Co., Ltd., Belden Inc., Finolex Cables.
Segmentation:
By Mode
Single Mode
Multi-mode
By Mode of Transaction
Glass Optical Fiber
Plastic Optical Fiber
By Industry Vertical
Telecom & IT
Public Sector
Healthcare
Energy & Utilities
Aerospace & Defense
Manufacturing
Others
By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
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Market Drivers:
Increasing usage 5G technology is driving the growth of this market
Technological advancement and development in the optical fibre cable is driving the market
Market Restraints:
High funding cost is restraining the market
Increasing demand for wireless communication system is restraining the growth of this market
Key Developments in the Market:
- In January 2018, Corning Incorporated announced the launch of their new cable manufacturing facility in North Caroline so that they can expand their Optical Communications business. The main aim is to provide the customer high quality optical fibre and meet their demand for high-speed connectivity and data storage.
- In March 2018, Finisar announced the launch of their several new products like two 50G SFP56 transceiver, 400G QSFP-DD LR8 and FR8 transceivers, a 100G serial QSFP28 transceiver, a 400G QSFP-DD active optical cable at optical networking and communication conference and exhibition. These new devices are specially designed to increase the port density, bandwidth and channel capacity.
Competitive Analysis
Global optical fiber cable market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares optical fiber cable market for global, Europe, North America, Asia-Pacific and South America.
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