Fiber Optic Cable Market to cross USD 25 billion by 2032, Says Global Market Insights inc.
Fiber Optic Cable Industry size is expected to register 9% CAGR between 2024 and 2032 propelled by increasing demand for high-speed internet and data transmission.
Selbyville, Delaware, Oct. 09, 2024 (GLOBE NEWSWIRE) — Fiber Optic Cable Market was valued at USD 11.9 billion in 2023 and is projected to be worth USD 25 billion by the end of 2032, as per a
Asia Pacific emerged as the dominant player in the global fiber optic cable market, holding over 35% share in 2023. Rapid growth in the Asia-Pacific market is driven by significant investments in telecommunications infrastructure and a booming digital economy. Leading countries like China, India, and Australia are rolling out extensive fiber optic networks to support their growing internet user bases and expanding data centers. Additionally, the region’s increasing urbanization and the rise of smart cities are further accelerating the demand for high-speed, high-capacity connectivity.
Fiber Optic Cable Market Players
Companies including Corning Incorporated, Sumitomo Electric Industries Ltd, Prysmian Group, Furukawa Electric, CommScope Holding Company Inc., Fujikura Ltd., Yangtze Optical Fiber and Cable, Joint Stock Ltd Co. are some firms working in fiber optic cable industry.
The fiber optic cable market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments:
Market, By Fiber Type
- Single-Mode Fiber
- Multi-Mode Fiber
Market, By Deployment
- Underground
- Underwater
- Aerial
Market, By Cable Type
- Ribbon Tube
- Loose Tube
- Tight Buffered
- Central Core
- Others
Market, By End-user Industry
- Telecommunication
- Power Utilities
- Defense/Military
- Industrial
- Medical
- Others
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
