The fiber optic cables are high-speed data
transmission cabled which communicate data with the light waves and support
them to transmit information at the speed of light. A fiber optic cable
encompasses three parts cladding, coating and core. The core is the central
part of the fiber optic cable by which the light travels. The fiber optic
cables have much advanced bandwidth than metal cables which supports them to
transmit more data and deliver the quicker data transmission rate. Fiber optic
cables allow digital data transmission and are utilized as the mainstays for
the internet and long-distance telecommunications. Moreover, the fiber optic
cables utilize fiber optics technology that utilized glass or plastic threads
to transfer the data. Furthermore, the key players of this market are playing
an important role by doing effective developments in the technology of doing
work and transitions of data for leading the fastest market growth during the
forecasted period more efficiently.
According to the report analysis, ‘Global
Fiber Optic Cable Market Research Report - Forecast to 2025’ states
that there are several key players which are presently functioning in this
market more effectively for dominating the highest amount of share while
working with the innovative technologies and techniques includes Hengtong
(China), Furukawa Electric Co. Ltd. (Japan), Prysmian Cables & Systems
Limited (UK), Corning Inc. (US), YOFC (China), Futong (China), FOLAN (UK),
FUJIKURA LTD (Japan), Sumitomo Electric, Ltd. (Japan), Tongding, Ltd (China),
Kaile Science and Technology Co, Ltd (China), Nexans S.A (France), CommScope
Inc (US), Sterlite Technologies (India), Fiber Home Telecom Tech (China),
Jiangsu YongDing Company Limited (China), ZTT International Ltd (China), Belden
Inc (US), Jiangsu Fasten (China) and several others. Moreover, the key players
of this market are adopting effective strategies and policies of doing work
which provide better services and enables digital data transmission for
long-distance telecommunication effectively.
Additionally, the global fiber optic cable
market is predictable to reach approximately USD 11.67 billion by 2025 at an
effective CAGR of 11.18% from 2013 to 2025. Whereas, the global market of fiber
optic cable is segmented differently into type, application, and region. On the
basis of application, the market is sub-segmented into long-distance
communication, submarine cable, FTTX, local mobile metro network CATV, and
local access network. Among which, the long-distance communication is anticipated
to be the highest revenue generating application during the forecast period.
Moreover, with the various applications the
market is spread across the globe which majorly includes North America, Europe,
Asia-Pacific, and the rest of the world. Asia-Pacific is predictable to be the
uppermost revenue producing region in 2017 with revenue of USD 2.03 billion and
is the wildest increasing region during the forecast period raising at an
effective CAGR of 13.03%. This region is witnessing the effective implementation
of smartphones and growing popularity of high-speed online gaming which fuel
the ultimatum for fiber optic cable installations. Therefore, in the near
future, it is expected that the market of fiber optic cable will increase
across the globe more significantly over the recent few years.
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