The single-mode fiber optic cable market significantly contains of sales of single-mode fiber optic cables and connected services that are utilized across the several applications such as in data centers, community antenna televisions, military, telecommunication and networking, factory automation, and industrial networking. The Single-mode optical fiber is an optical fiber considered to convey an individual mode of light as a carrier that is utilized for long-distance signal transmission.
According to the report analysis, ‘Single-Mode Fiber Optic Cable Global Market Report
2020’ states that in the single-mode fiber optic cable
global market there are several corporates which presently operating more
significantly for leading the highest market growth and registering the
handsome value of market share around the globe more actively over the upcoming
years while implementing the profitable strategies, analyzing and studying the
strategies and policies of competitors and government, decreasing the linked
prices, delivering the better consumer satisfaction, spreading the awareness
related to such, employing the young work force, developing the applications of
such and advancing the specifications of the production technologies includes Corning,
Fujikura, Sumitomo Electric, Furukawa Electric, Pirelli, Nexans, Hengtong
Cable, Futong Group, Tongding Group, and CommScope.
The worldwide single-mode fiber optic cable market was worth USD
31.73 billion during 2019. It is predicted to increase at a compound annual
growth rate (CAGR) of 23.9% and reach USD 74.99 billion by 2023.
The augment in the implementation of wireless communication
systems is projected to limit the growth of the single-mode fiber optic cable
market. During recent years, requirement for wireless services augmented
exponentially. The occurrence of new technologies likewise the internet of
things (IoT) has augmented the implementation of wireless communication
systems. According to GSMA, the entire contribution of the mobile industry, during
2018 was USD 3.9 trillion which is equivalent to 4.6% of worldwide GDP. The amount
of smartphone users global predicted to reach 2.87 billion in 2020 from 2.1
billion during 2016. Hence, the high utilization of wireless communication
systems is limiting the growth of single-mode fiber optic
cable market.
The massive technological advancement in the fiber optic cable act
as a key trend propelling the growth of the single-mode fiber optic cable
market. Wavelength division multiplexing (WDM) is the present technological advancement
in the fiber cables. Wavelength division multiplexing is an effective approach
of multiplexing the number of optical carrier signals through the single
optical fiber channel by wavering the wavelengths of laser lights. WDM proficiently
allows communication in all directions in fiber cable. WDMs are proficiently used
on a single optical fiber to the blend light signals coming from diverse
optical fibers. This is attained by optimized a coupler at the WDM input. In
2023, Asia-pacific is probable to be the fastest augmenting market for WDMs and
multiple companies across China such as ZG Technology, Optic Network
Technology, are the leading manufacturers and merchants of WDMs. Therefore, in
the near years, it is predicted that the market of single mode fiber optic
cable market across the world over the upcoming duration.
For More Information, refer to
below link:-
Global
Single-Mode Fiber Optic Cable Market
Related
Report:-
Global
Single-Mode Optical Fiber Cables Market 2019 by Manufacturers, Regions, Type
and Application, Forecast to 2024
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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