Fibre Optic Cables Market Report 2024 (Global Edition)

Global Fibre Optic Cables Market Report 2024 Market Size Split by Fibre Type (Single-mode Fibre, Multi-mode Fibre, Others), by End-User (IT & Telecommunication, Energy & Power, Healthcare, Aerospace &...

Fibre Optic Cables Market Report Description

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Fibre Optic Cables Market Insights Video

Competitive Landscape of the Fibre Optic Cables Market

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.

Fibre Optic Cables Industry News

• July 2023, CommScope declared that it will invest USD 60.3 million over the following four years to extend its North Carolina-based manufacturing facilities. Together with increasing production capacity over the next four years, these plans strengthen CommScope's ability to meet U.S. supply demands driven by federal objectives to offer "Internet For All," including in underserved and rural broadband markets.

(Source: ir.commscope.com/news-releases/news-release-details/commscope-announces-fiber-cable-manufacturing-expansion-north)

Top Companies Market Share in Fibre Optic Cables Industry: (In no particular order of Rank)

• 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. 
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the North America Fibre Optic Cables Market share was 40% of the total market

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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Fibre Optic Cables Market

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.

Europe Fibre Optic Cables Market

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. 

Asia Pacific Fibre Optic Cables Market

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.

South America Fibre Optic Cables Market

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.

Middle East and Africa Fibre Optic Cables Market

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.

Fibre Optic Cables Market Analysis

Fibre Optic Cables Fibre Type Segment Analysis

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.

• Single-mode Fibre
• Multi-mode Fibre
• Others

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!

Fibre Optic Cables End-User Segment Analysis

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.

• IT & Telecommunication
• Energy & Power
• Healthcare
• Aerospace & Defense
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Fibre Optic Cables Cable Design Segment Analysis

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.

• Ribbon Tube
• Loose Tube
• Tight Buffered
• Central Core
• Others

Fibre Optic Cables Deployment Segment Analysis

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.

• Underground
• Underwater
• Aerial
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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