Fiber optic cable contains optical strands that are used to carry light. Fiber optic cables are usually used for the web, phone, and cable connections. The strands have thickness that is proportionate to human hair. The center part of each strand, known as the core, is where the light travels. Each core is secured by a glass layer, known as cladding, which helps the light to go through the cable without any signal loss.The cables are evaluated from 10 Gbps to 100 Gbps. Signals can be transferred effortlessly by means of fiber optic cables over long distances, with no loss of information and strength. Likewise, crediting to the physical properties of fiber and glass, fiber optic cables do not need any extra shield for protection from electromagnetic interference. The Fiber Optic Cable Market, was valued at USD 10500 million in 2016 and is expected to reach USD 13870 million by 2021.
Market participants include Corning Inc., General Cable Technologies Corporation, Belden Inc., OFS Fitel, LLC, Fujikura Ltd., Sumitomo Electric Lightwave Corp., Prysmian Group, Nexans, Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), and Futong Group Co., Ltd. among others.
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Fiber Optic Cable Market, by Application
On the basis of application, telecom & broadband segment is expected to dominate the market during the forecast period, 2018 - 2026. Currently, the growth of fiber optic cables in telecom & broadband segment, can be credited to its numerous applications in telecom & broadband companies to transmit telephone signals, cable television signals and internet communication. Fiber optic cables enable high-speed data transfer services in both small and long-range communications. These cables have massive potential for growth in wide range of applications in areas such as healthcare, aerospace & defense, railway, and oil & gas sectors. Moreover, the growing audio-video services, cloud computing technologies, and video-on-demand (VoD) services further increases the demand for fiber optic cables
Fiber Optic Cable Market, by Region
North America is in the forefront among other regions while considering the growth of market. In North America, fiber optics lighting is used for various medical, commercial, and modern applications such as metrology, surgical, web investigation, semiconductor, endoscopy, dental curing, power transmission, electronic computerization, and automotive data transmission utility lighting. Fiber optics are also used by the defense sector as the U.S. manufacturers are developing ground tactical fiber optic cable and connectivity solutions for the U.S. military.
Points Covered in the Report
- The topics that are discussed within the report such as key players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- It refers to the full profile of the company and its capacity, production, price, revenue, value, gross, gross profit, sales volume, sales revenue, consumption.
- Their growth, imports, exports, supplies, future strategies and technological developments are also included in the report. The growing factors of the market is discussed in detail wherein the various end users of the market are described in detail.
- Data and information can be aggregated by market participants, regions, types, applications, etc. and individual studies according to specific requirements.
- The report covers the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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