Market Snapshot

Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Fiber Optic Cable Market

The fiber optic cable market is expected to witness growth, registering a CAGR of 12.26% during the forecast period of 2019-2024. With the increasing demand for IoT and more number of connected devices, data transmission has become vital for the users. Hence, the fiber optic cable market is witnessing a huge opportunity of growth during the forecast period.

Further, technological advancements in the telecom sector have increased the deployment of broadband network architectures. Fiber to the Home (FTTH) and Fiber to the Building (FTTB) are the few prominent broadband networking architectures that necessitate the large-scale deployment of fiber optic networks. This factor is driving the demand for fiber optic cables.
The major benefit of fiber optic cable is the increased security option that cannot be tapped with the traditional copper cable. This is another major factor driving the fiber optic cables market.
However, high costs and complex installation act as the major restraining factors for fiber optic cables market.

Scope of the Report

Fiber optics is one of the methods of transmitting information that works by sending pulses of light through an optical fiber. The light transmitted forms an electromagnetic carrier wave modulated to carry information. Optical fiber cable (OFC), especially for telecommunication companies, has become a preferred transmission medium catering to aggressive bandwidth demands. Furthermore, the increasing cloud-based applications, audio-video services, and Video-on-Demand (VoD) services stimulate the demand of fiber optic cable.

By Cable Type
		Single-mode Cable
		Multi-mode Cable

By Optical Fiber Type
		Plastics Optical Fiber
		Glass Optical Fiber

By End-user Industry
		IT and Telecom
		BFSI
		Defense and Aerospace
		Healthcare
		Manufacturing
		Government
		Other End-user Industries

Geography
		North America
		Europe
		Asia-Pacific
		Latin America
		Middle East & Africa

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Key Market Trends

IT and Telecom Sector Offers Potential Growth

Fiber optics is a major building block in the telecommunication infrastructure. With the explosion of information traffic owing to the internet, electronic commerce, computer networks, multimedia, voice, data, and video, the need for a transmission medium with the bandwidth capabilities for handling such vast amounts of information is paramount. Fiber optics, with its comparatively infinite bandwidth, has proven to be the solution.
Additionally, 5G, IoT, and Big Data rely heavily on real-time data collection and transfer. As fiber optics has unlimited bandwidth potential, fiberoptics cable is chosen to support these bandwidth levels.
Further, to achieve the expected performance levels for 5G networks, more small cells (or nodes) and mobile edge computing will be needed to eliminate network bottlenecks. These small-cell deployments often utilize the millimeter wave spectrum by relying heavily on fiber cabled connections for the backhaul portion of the network.
The launch of 5G will bring enhanced capacity and lower latency straight to networks. Fiber optics cable is the preferred option for 5G because of its scalability, security, and ability to handle the vast amount of backhaul traffic being generated. This, in return, is expected to create a huge market opportunity for the fiber optic cable market in IT and Telecom.

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Asia-Pacific to Witness a Significant CAGR

The Asia-Pacific region is dominated by two major economies of the world, i.e. India and China. These regions are spearheading revenue growth, owing to the technological advancements and large-scale adoption of the technology in IT and Telecommunication as well as administrative sector.
Additionally, the increasing application of fiber optics in the medical sector is catapulting growth across the countries, such as China, Japan, and India. This is propelling the overall demand at a significant rate.
Additionally, the consistent rise in the use of smartphones and internet facilities in the region contributes to the adoption of optical fiber cables for telecommunication applications. 5G connections (excluding IoT) are anticipated to reach USD 670 million in Asia-Pacific by 2025, accounting for approximately about 60% of the global 5G connections, according to GSMA.
Moreover, the governments of developed nations, like China and Japan, are heavily investing in security infrastructure at country levels. In return, all the above factors are expected to pave the way for new opportunities in the fiber optic cable market.

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Competitive Landscape

The fiber optic cable market is moderately fragmented. The capital requirements for setting up new firms can be prohibitively high in few of the regions. Moreover, market incumbents have a considerable advantage over new entrants, particularly in gaining access to the channels of distribution and R&D activities. Product launches, high expense on research and development, partnerships and acquisitions, etc. are the prime growth strategies adopted by these companies to sustain the intense competition. Some of the major players in the fiber optic cables market, include Corning Inc., Finisar Corporation, Prysmian Group, and General Cable Corporation, among others.

January 2019 - Leoni and Hengtong established a joint venture for the manufacture of single-mode fibers in Europe. The expansion of broadband in Germany and other European countries and the growing demand for data centers require high-performance single-mode fibers as the key element in optical cables. Leoni and Hengtong are combining their strengths in order to service this growing demand.
March 2018 - Finisar Corporation, a prominent player in the optical communications module, launched the industry's first 400G QSFP-DD active optical cable and transceivers for switching and routing applications. The company, in joint collaboration with Cisco, demonstrated the 400G QSFP-DD AOC running traffic through Cisco’s demonstration switch at OFC 2018.

Major Players

* Complete list of players covered available in the table of contents below

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Introduction to Market Drivers and Restraints
3. 4.3 Market Drivers
  1. 4.3.1 Growth in the Telecom Industry Industry
  2. 4.3.2 Increasing Data Centers
4. 4.4 Market Restraints
  1. 4.4.1 Complex Installation Act
5. 4.5 Value Chain / Supply Chain Analysis
6. 4.6 Industry Attractiveness - Porter's Five Force Analysis
  1. 4.6.1 Threat of New Entrants
  2. 4.6.2 Bargaining Power of Buyers/Consumers
  3. 4.6.3 Bargaining Power of Suppliers
  4. 4.6.4 Threat of Substitute Products
  5. 4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Cable Type
  1. 5.1.1 Single-mode Cable
  2. 5.1.2 Multi-mode Cable
2. 5.2 By Optical Fiber Type
  1. 5.2.1 Plastics Optical Fiber
  2. 5.2.2 Glass Optical Fiber
3. 5.3 By End-user Industry
  1. 5.3.1 IT and Telecom
  2. 5.3.2 BFSI
  3. 5.3.3 Defense and Aerospace
  4. 5.3.4 Healthcare
  5. 5.3.5 Manufacturing
  6. 5.3.6 Government
  7. 5.3.7 Other End-user Industries
4. 5.4 Geography
  1. 5.4.1 North America
  2. 5.4.2 Europe
  3. 5.4.3 Asia-Pacific
  4. 5.4.4 Latin America
  5. 5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Corning Inc.
  2. 6.1.2 Sumitomo Electric Industries Ltd
  3. 6.1.3 Finisar Corporation
  4. 6.1.4 AFL Communications LLC
  5. 6.1.5 Prysmian Group
  6. 6.1.6 Coherent Inc.
  7. 6.1.7 General Cable Corporation
  8. 6.1.8 LS Cable & System (LS Group)
  9. 6.1.9 Sterlite Technologies Ltd
  10. 6.1.10 Yangtze Optical Fiber and Cable Joint Stock Ltd Co.
  11. 6.1.11 Hengtong (HTGD
  12. 6.1.12 Fujikura Ltd
  13. 6.1.13 Futong Holdings
  14. 6.1.14 Furukawa Electric Co. Ltd
7. INVESTMENT OUTLOOK
8. MARKET OPPORTUNITIES AND FUTURE TRENDS