Global Fibre Optic Cables
Market Report
2024
The Global Fibre Optic Cables Sales market size is USD 11.8 billion in 2023 and will expand at a CAGR of 9.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Fibre Optic Cables Sales market size is USD 11.8 billion in 2023 and will expand at a CAGR of 9.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Fibre Optic Cables Market Sales Revenue 2023 | $ 11.8 Billion |
Global Fibre Optic Cables Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.8% |
Europe Fibre Optic Cables Market Sales Revenue 2023 | $ 8.8 Billion |
Europe Fibre Optic Cables Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.2% |
Asia Pacific Fibre Optic Cables Market Sales Revenue 2023 | $ 2.6 Billion |
Asia Pacific Fibre Optic Cables Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.2% |
South America Fibre Optic Cables Market Sales Revenue 2023 | $ 0.59 Billion |
South America Fibre Optic Cables Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.5% |
Middle East and Africa Fibre Optic Cables Market Sales Revenue 2023 | $ 0.35 Billion |
Middle East and Africa Fibre Optic Cables Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3% |
North America Fibre Optic Cables Market Sales Revenue 2023 | $ 4.72 Billion |
North America Fibre Optic Cables Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
Market Split by Fibre Type |
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Market Split by End-User |
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Market Split by Cable Design |
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Market Split by Deployment |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Fibre Optic Cables Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The fibre optic cables sales market refers to the industry that sells fibre optic cables and high-speed data transmission mediums that use light signals. This market includes the distribution and commercial components of fibre optic cable sales, which serve numerous industries such as telecommunications, data centres, and networking infrastructure. An assembly resembling an electrical cable with one or more optical fibres for light transmission is called a fibre optic cable. As a result of extensive research and development carried out by scientists and researchers worldwide, the technology is among the most recent to have emerged over time. Over time, the number of advancements in acrylate polymer-based technology has expanded, and it has proven beneficial in various applications. The primary driver of the fibre optics industry's expansion is the increased demand for FTTx and the internet globally. The industry is expanding because of the rising need for high-bandwidth communication. The advancement of fifth-generation networks and fibre optic infrastructure has fueled the digital transformation of several industries. Copper cables are inferior to fibre optic cables in terms of security, dependability, bandwidth, and security. A fibre optic cable transmits data down its fibre lines using light pulses, whereas a copper wire utilizes electronic pulses to convey data through its copper lines. This is the main distinction between the two types of cables.
Numerous industrial applications have been identified as fibre optic technology has progressed. Fibre optics made of polyamide and acrylate polymers have long been used in the medical field for lighting, image transfer, and laser signal delivery. In the future, a growing variety of applications—such as a novel technology that might speed up tumour therapy and wound healing—could propel the market. Fibre optics are increasingly being considered in the aerospace industry as a potential solution to improve commercial flight connections. Fibre optics can improve in-flight entertainment and passenger Wi-Fi without affecting or jeopardizing the intricate electrical data systems installed aboard aeroplanes.
As the most demanding networks in the world attest, optical fibre and fibre-optic cabling are the most capable media for high-speed, long-distance data transfer. Fibre has additional uses beyond the transmission of bits and bytes for which it is most widely used. As part of the global revamp of the telecom infrastructure, fibre optic cabling for 5G infrastructure is being used. Implementing and testing wireline equipment and fibre present new issues for RF Radio Access Network (RAN) specialists and administrators as wireless and wireline networks become ready for 5G, FirstNet, and enhanced public-backed networks. Since 5G will provide a full digital connection, it is expected to transform the communications sector completely.
Over the microwave radio band, wireless communication networks transport data from one location to another. One central site beams down the knowledge to the receiving dishes. Radiofrequency (RF) and fibre space optics (FSO) are the most widely used methods for wireless communication. The installation of wireless communication needs less money than that of fibre optics. The fact that RF and FSO don't interact with one another is a big plus. As a result, the two technologies can be combined to increase performance in any application. In numerous application domains, hybrid systems are employed to mitigate the constraints of distance and weather. Thus, fibre optics is losing ground to wireless communication technology, particularly in applications.
The COVID-19 pandemic greatly impacted fibre optic cable sales in the market. Lockdowns, supply chain interruptions, and a decline in industrial activity hindered demand. Nonetheless, the industry was helped by the rise in remote work, rising internet consumption, and expanding need for high-speed connectivity in the education and healthcare sectors. Fibre optics were widely adopted for improved communication infrastructure due to the pandemic's acceleration of the digital transition. Despite early setbacks, the market for fibre optic cables saw resilience and adaptation to the changing needs of a shifting environment, which resulted in chances for continuous growth in the post-pandemic period.
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The major players adopt new tactics quickly to gain a competitive advantage and take a substantial portion of the market. To serve a sizable customer base and obtain a competitive advantage, the key players in the Fibre Optic Cables Sales market place a strong emphasis on extending their creative offerings.
Top Companies Market Share in Fibre Optic Cables Industry: (In no particular order of Rank)
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As per Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue; the development of fibre optic cables is fueled by the region's growing need for reliable communication infrastructure, fast internet, and technical advancements. North America's market is expanding due to factors such as the region's continued emphasis on improved connection and communication capabilities, data centre growth, 5G rollout, and digital transformation initiatives.
Europe is the fastest-growing region. The use of fibre optic cables is fueled by the region's concentration on digitization, growing broadband networks, and rising demand for high-speed data transfer. The European market is expanding due to initiatives like the European Gigabit Society and investments in telecommunications infrastructure as the continent looks for cutting-edge and effective connectivity solutions.
The current report Scope analyzes Fibre Optic Cables Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Fibre Optic Cables Sales market to be worth USD 11.8 billion, Europe worth USD 8.8 billion in 2023, with a projected CAGR of 8.2%. Due to the region's growing demand for effective connection and more digitalization, Europe is leading the world in fibre optic cable sales. According to the overview, the area is aggressively investing in its telecommunications infrastructure, particularly developing technological innovation and growing broadband networks. The telecoms industry's strong need for fibre optic cables is one notable segment driving market expansion. The European Gigabit Society is one initiative demonstrating the region's dedication to improving high-speed data transmission capabilities. In conclusion, Europe's strategic objectives, along with an increasing focus on digital transformation and improved communication networks, position it as a major participant in the market, driving the Fibre Optic Cables Sales market toward consistent growth and technological leadership.
According to Cognitive Market Research, the global market for Fibre Optic Cables Sales to be worth USD 11.8 billion and Asia Pacific to be worth USD 2.60 billion in 2023, with Asia Pacific holding a significant market share and contributing over 22% of the global revenue. The market is expected to grow at a CAGR of 11.2% from 2023 to 2030. Asia Pacific dominates the Fibre Optic cable sales market due to its dynamic nature, formed by quick technological breakthroughs and a growing demand for reliable connectivity solutions. The area presents a varied terrain with rising urbanization and a focus on digital transformation. Of these, the telecommunications industry is one of the major segments driving market growth, driven by the requirement for high-speed data transmission, the expansion of 5G networks, and the building of large infrastructure. In conclusion, Asia Pacific is a major driver in the fibre optic cable sales market due to its strategic investments and critical role in creating the future of sophisticated communication networks across industries. This is made possible by the region's essential role in global economic growth.
According to Cognitive Market Research, the global market for Fibre Optic Cables Sales to be worth USD 11.8 billion, Latin America worth USD 0.59 billion in 2023, with Asia Pacific holding a significant market share and contributing over 23% of the global revenue. The market is expected to grow at a CAGR of 9.5% from 2023 to 2030. The fibre optic cable sales market is seeing a rise in prominence in Latin America, which is defined by a dynamic landscape driven by growing digital usage and the requirement for reliable connectivity solutions. The area has a varied terrain and is actively working to promote technological innovation and update its telecommunications infrastructure. The telecommunications industry is a significant area propelling market growth, driven by expanding broadband networks and the increasing need for high-speed data transfer capabilities. In conclusion, Latin America is positioned to substantially contribute to the fibre optic cable sales market due to its strategic focus on improving communication networks and its dedication to digital transformation. The region is becoming increasingly influential in determining the direction of communication as it embraces technological advancement.
According to Cognitive Market Research, the global market for Fibre Optic Cables Sales will be worth USD 11.8 billion, Middle East & Africa will be worth USD 0.35 billion globally in 2023. The Middle East and Africa accounted for over 3% of global revenue in 2023. The market is expected to grow at a CAGR of 9.6% from 2023 to 2030. The Middle East and Africa region holds a significant position in the Fibre Optic Cables Sales market, characterized by a dynamic landscape propelled by technological progress and an increasing demand for dependable connectivity. The area has a changing landscape with continuous infrastructural development and digital transformation efforts. The telecommunications industry is a major factor driving market growth. The need for fibre optic cables is driven by the deployment of modern communication networks and the expansion of high-speed internet. In conclusion, the Middle East & Africa is positioned as major participant in the Fibre Optic Cables Sales market thanks to their strategic focus on updating communication infrastructure. The region is becoming a major player in determining the direction of fibre optic cables as it embraces digitalization and looks for better connectivity options.
According to Cognitive Market Research, the global market for Fibre Optic Cables Sales to be worth USD 11.8 billion, with North America accounting for most of this revenue with a market size of USD 4.72 billion in 2023. From 2023 to 2030, the market is expected to grow at a CAGR of 8.5%. The market for fibre optic cables is largely concentrated in North America due to the region's strong demand for cutting-edge connectivity solutions. An overview of the area reveals a changing landscape characterized by rising data consumption, a growing dependency on high-speed internet, and continuous technical innovation. With the broad deployment of 5G networks and the increasing activity of data centres, the telecommunications sector stands out as one that is driving growth. These elements support the growing use of fibre optic cables to satisfy the need for dependable, high-bandwidth communication infrastructure. In conclusion, North America is positioned to play a major role in driving the Fibre Optic Cables Sales market ahead due to its strategic focus on digital transformation and the changing needs of communication networks.
Global Fibre Optic Cables Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fibre Optic Cables Industry growth. Fibre Optic Cables market has been segmented with the help of its Fibre Type, End-User Cable Design, and others. Fibre Optic Cables market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, single-mode fibre held the major market share over the forecast period. Because of its capacity to send data over greater distances with low signal loss, it is crucial for long-distance, high-speed networks. Single-mode fibre growth has been spurred by the growing need for dependable and high-performance connectivity, particularly in sectors like telecommunications and data centres, which has helped to expand the market.
Multi-mode fibre is the fastest-growing category over the forecast period. Additionally, multi-mode fibre is essential to expanding the fibre optic cable sales market. It is the ideal method for closer connection within data centers and enterprise networks. Multi-mode fibre is in high demand due to data-intensive applications' growing requirement for high bandwidth in these contexts. Its affordability and adaptability enable it to play a major role in the growing market for fibre optic cables.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fibre Optic Cables Industry. Request a Free Sample PDF!
According to Cognitive Market Research, IT and telecommunication hold a prominent market share. The demand for fast, growing data requirements, developments in communication technologies, and the growth of telecommunication networks fuel dependable connectivity. These demands must be met, and the rapid data transmission speeds of fibre optic cables are crucial for achieving this. This will promote steady expansion in the IT and telecom sectors.
Energy and power are the fastest-growing categories over the forecast period. Fibre optic cables are essential for safe and effective power grid communication, improving control and monitoring systems. The market is expanding due to the energy sector's increased use of smart grid technologies, which is raising demand for fibre optic cables for dependable data transfer within power infrastructure.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Fibre Optic Cables market report 2024 Edition by contacting our team.
According to Cognitive Market Research, ribbon tubes hold a prominent market share. Ribbon tubes are known for their small shape and high fibre density, which make them ideal for easy installation and upkeep. Ribbon tube cables are becoming increasingly popular due to their capacity to fulfill the increasing demands for greater data speeds and connection, propelling their acceptance and market expansion.
Loose tubes are the fastest-growing category over the forecast period. Their structure, which offers durability and resilience to external elements, encapsulates individual fibres within protective tubes. Loose tube cables are used in many industries as the need for a strong and dependable communication infrastructure grows, supporting the market's overall growth for fibre optic cables.
According to Cognitive Market Research, underground holds a prominent market share supporting the expansion of the market for fibre optic cable sales. The benefits of underground installation include better security, protection from the elements, and less maintenance requirements. The global reliance on resilient and secure communication infrastructure is propelling the market expansion of underground fibre optic cables, which are increasingly used in diverse industries.
Underwater is the fastest-growing category over the forecast period. Underwater or submarine fibre optic cables play a critical role in global communication networks by facilitating high-speed data transmission across continents. Underwater fibre optic cable deployment is growing in response to the growing demand for higher bandwidth and intercontinental connectivity, which is helping the market as a whole to fulfil the changing needs of international communications.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Fibre Optic Cables Market is witnessing significant growth in the near future.
In 2023, the Single-mode Fibre segment accounted for noticeable share of global Fibre Optic Cables Market and is projected to experience significant growth in the near future.
The IT & Telecommunication segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Corning Inc. , Prysmian Group and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Fibre Type | Single-mode Fibre, Multi-mode Fibre, Others |
End-User | IT & Telecommunication, Energy & Power, Healthcare, Aerospace & Defense, Others |
Cable Design | Ribbon Tube, Loose Tube, Tight Buffered, Central Core, Others |
Deployment | Underground, Underwater, Aerial, Others |
List of Competitors | Corning Inc., Sumitomo Electric Industries Ltd, Prysmian Group, Furukawa Electric, CommScope Holding Company Inc., Coherent Corporation, Finolex Cables Limited, Proterial Cable America Inc. (Proterial Ltd), Sterlite Technologies, Yangtze Optical Fibre and Cable Joint Stock Ltd Co. |
This chapter will help you gain GLOBAL Market Analysis of Fibre Optic Cables. Further deep in this chapter, you will be able to review Global Fibre Optic Cables Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Fibre Optic Cables Market Trends North America Fibre Optic Cables Technological Road Map North America Fibre Optic Cables Market Drivers North America Fibre Optic Cables Market Restraints North America Fibre Optic Cables Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Fibre Type Analysis 2019 -2031, will provide market size split by Fibre Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fibre Type Analysis 2019 -2031
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Chapter 11 Market Split by End-User Analysis 2019 -2031
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Chapter 12 Market Split by Cable Design Analysis 2019 -2031
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Chapter 13 Market Split by Deployment Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fibre Optic Cables market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Single-mode Fibre have a significant impact on Fibre Optic Cables market? |
What are the key factors affecting the Single-mode Fibre and Multi-mode Fibre of Fibre Optic Cables Market? |
What is the CAGR/Growth Rate of IT & Telecommunication during the forecast period? |
By type, which segment accounted for largest share of the global Fibre Optic Cables Market? |
Which region is expected to dominate the global Fibre Optic Cables Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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