The Fiber Optical Cable Global Market Report 2023 by The Business Research Company, provides fiber optical cable market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Fiber Optical Cable Global Market Report 2023, the global fiber optical cable market size will grow from $72.65 billion in 2022 to $80.24 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global fiber optical cable is expected to grow to $115.12 billion in 2027 at a CAGR of 9.4%.
The rising demand for higher bandwidth and faster speed connections will enhance the growth of the fiber optic cable market. There is a surge in demand for high bandwidth from enterprises and individuals due to increased use of the internet for video calls, gaming, online shopping, and social media. Fiber optic cable use light to transmit data instead of electricity so that it can enhance and speed up the internet connections that are capable of handling higher bandwidth.
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The fiber optical cable market is segmented:
1) By Product Type: Single-mode Cable, Multi-mode Cable
2) By Application: Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Imaging, Railway, Other Applications
3) By Type: Glass Optical Fiber, Plastic Optical Fiber
The technological advancement in fiber optic cable is a key trend driving the growth of the fiber optic cable market. Wavelength division multiplexing (WDM) is the recent technological improvement in fiber cables. Wavelength division multiplexing is a technique of multiplexing the number of optical carrier signals through a single optical fiber channel by varying the wavelengths of laser lights. WDM allows communication in all directions in fiber cable. WDMs are used on a single optical fiber to blend light signals coming from different optical fibers. This is attained by using a coupler at the WDM input. In 2023, Asia-pacific is expected to be the fastest-growing market for WDMs, and multiple companies in China such as ZG Technology, and Optic Network Technology, are the leading manufacturers and suppliers of WDMs.
The fiber optical cable market report table of contents includes:
1. Executive Summary
2. Fiber Optic Cable Market Characteristics
3. Fiber Optic Cable Market Trends And Strategies
4. Fiber Optic Cable Market – Macro Economic Scenario
5. Fiber Optic Cable Market Size And Growth
…
27. Fiber Optic Cable Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fiber Optic Cable Market
29. Fiber Optic Cable Market Future Outlook and Potential Analysis
30. Appendix
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