Market Share of United States And European Fiber Optic Cable Industry
The United States and European fiber optic cable market is fragmented, with major players like Nexans SA, Prysmian Group, Weinert Industries AG, Coherent Corporation, and Sumitomo Corporation. Players in the market are embracing strategies like partnerships, acquisitions, and mergers to enhance their product offerings and gain sustainable competitive advantage.
- March 2023 - CommScope, a global network connectivity solution, announced expansions to its fiber-optic cable production to accelerate broadband rollout across the U.S., connecting more communities and underserved areas. According to the company, this initiative will increase fiber-optic cable output in the U.S., hastening broadband deployment to underserved communities. Additionally, the company's HeliARC lines are expected to support 500,000 homes per year in FTTH deployments.
- March 2023 - European Eunion announced obligations to equip buildings with fiber-optic cables in line with its 2030 policy program for the digital decade. As per the new regulation, it will be mandatory to keep passive infrastructure (mini ducts) and in-building fiber wiring (fiber optic cables) in newly contracted buildings or buildings undergoing major renovations, up to the network termination point in the apartment/unit. EU is also planning to provide certification to the buildings that are 'fiber ready. Such trends are anticipated to drive the demand for fiber optic cables.
US & European Fiber Optic Cable Market Leaders
Nexans SA
Prysmian Group
Weinert Industries AG
Coherent Corporation
Sumitomo Corporation
*Disclaimer: Major Players sorted in no particular order
