Global Optical Fiber Cable Market – Industry Trends and Forecast to 2030

Global Optical Fiber Cable Market, By Fiber Type (Single-Mode Fiber, Multi-Mode Fiber, Others), Cable Design (Ribbon Tube, Loose Tube, Tight Buffered, Central Core, Others), Deployment (Underground, Underwater, Aerial, Others), Application (FTTX, Cable Antenna Television (CATV), Submarine, Cable Long-distance Communication, Local Mobile Metro Network, Other Local Access Network), End User (IT and Telecommunication, Energy and Power, Healthcare, Aerospace and Defense, Others) - Industry Trends and Forecast to 2030.

Optical Fiber Cable Market Analysis and Size

In recent years, a rise in the need for high-speed data has been witnessed due to the increased application of video services, online gaming, and TV-on-demand. Fiber optic cables in telecom are being deployed among consumers for better performance output, and shift toward smaller, multi-fiber, and more efficient connections.

Data Bridge Market Research analyses that the global optical fiber cable market which was USD 5,896.39 million in 2022, is expected to reach  USD 14,809.11 million by 2030, and is expected to undergo a CAGR of 12.2% during the forecast period 2023-2030. This indicates the market value. “IT and Telecommunication” accounts for the largest end user industry segment in the respective market owing to the increase in number of internet users. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Optical Fiber Cable Market Scope and Segmentation

Market Definition

Fiber optic cables generally include glass or plastic threads of wires with the facility to transfer data at high speeds. It is chosen by telecommunication companies and consumers due to its high data volume capacity. The lightweight nature of these cables associated with their low susceptibility to noise and intrusion makes it well-valued.

Global Optical Fiber Cable Market Dynamics

Drivers

• Adoption of Fiber Optic Technology

The rise in the adoption of fiber optic technology across the globe is one of the major factors driving the growth of global optical fiber cable market. The increase in the preference toward high bandwidth communication and expansion of healthcare sector have a positive impact on the market.

• Government Initiatives

The rise in the government funding for telecommunication infrastructure development accelerate the market growth. Government is investing in research for upgrading and enlarging the solicitation frontiers. Also, rise in awareness of the benefits of technology further drives the market growth.

Opportunity

• Adoption of Fiber Optic Technology

The rise in the adoption of fiber optic technology across the globe is one of the major factors driving the growth of global optical fiber cable market . The increase in the preference toward high bandwidth communication and expansion of healthcare sector have a positive impact on the market.

Restraints/Challenges

• Technological Challenges

On the other hand, high investment cost and adoption of wireless broadband and other technologies are expected to obstruct market growth. Also, requirement of new infrastructure is projected to challenge the global optical fiber cable market.

Recent Development

• In June 2020, Black Box launched a new family of networking active optical cables as a part of offering optimizing data center. The company also launched edge network applications. These cables assist in addressing the rise in demand for big data storage, cloud services and media streaming with offering support for SFP+, QSFP+, SFP and QSFP.

Global Optical Fiber Cable Market Scope

The global optical fiber cable market is segmented on the basis of type, cable design, deployment, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Fiber Type

• Single-Mode Fiber
• Multi-Mode Fiber
• Others

Cable Design

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

Deployment

• Underground
• Underwater
• Aerial
• Others

Application

• FTTX
• Cable Antenna Television (CATV)
• Submarine
• Cable Long-distance Communication
• Local Mobile Metro Network
• Other Local Access Network

End User

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

Global Optical Fiber Cable Market Region Analysis/Insights

The global optical fiber cable market is analyzed and market size insights and trends are provided by country, of type, cable design, deployment, application and end user as referenced above.

The countries covered in the global optical fiber cable market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the global optical fiber cable market because of the increase in number of connectors within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 because of the expansion of the IT and telecommunication sector, and the high penetration rate of the manufacturing sector in the region.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Optical Fiber Cable Market Share Analysis

The global optical fiber cable market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global optical fiber cable market.

Some of the major players operating in the global optical fiber cable market are:

• TE Connectivity (Switzerland)
• Corning Incorporated (U.S.)
• Molex (U.S.)
• Amphenol Corporation (U.S.)
• Infinite Electronics International, Inc. (U.S.)
• Hitachi Information & Telecommunication Engineering, Ltd (Japan)
• Radiall (France)
• Delaire USA (U.S.)
• Belden Inc. (U.S.)
• Panduit (U.S.)
• HIROSE ELECTRIC CO., LTD. (Japan)
• Ratioplast-Electronics (Germany)
• RS COMPONENTS PTE LTD (U.K.)
• 3M (U.S.)
• Nexans (France)
• LEONI AG (Germany)
• Glenair, Inc. (U.S.)
• Extron (U.S.)
• CommScope (U.S.)