Impact of COVID-19 Outbreak on Fiber Optic Cable Market Size –

  • Fiber Optic Cable Market Size 2021

    The informative report on the global Fiber Optic Cable Market Size has recently been published by Absolute Markets Insights to its comprehensive database which helps to make erudite business decisions. The report is an extensive source of information of various market attributes such as market size, growth, and shares. The detailed research report further also identifies some significant market segments while scrutinizing the market parameters.

    Surge in connected devices such as wearables, smartphones, and tablets will drive the global Fiber Optic Cable Market Size. The global Fiber Optic Cable Market Size is estimated to reach a market value of US$ 6,783 million in 2019 and is forecast to reach US$ 10,140 million by 2030, growing at an estimated CAGR of 5.2% over the forecast period.

    With rise in demand for Internet of Things (IoT) and subsequent rise in number of connected devices, data transmission has become important for the concerned users. According to the Ericsson mobility report, by the end of 2016, there were approximately 400 million IoT devices with cellphone connection. With increasing adoption of IoT technology coupled with concerned Fiber Optic Cable Market Size will generate huge incremental opportunity, over the forecast time period. 

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    Major Key Players:

    Key industry participants in the Fiber Optic Cable Market Size are Corning Incorporated, Sterlite Technologies Limited, Finolex Cables Limited, OFS Fitel, LLC, Prysmian Group, AFL, Optical Cable Corporation (OCC), Birla Furukawa Fiber Optics Limited, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC).

    Key Findings of the Report:

    Multimode market segment held more accounted for more than US$ 3.3 billion in 2018 and is estimated to witness robust growth over the forecast timeframe. The growth is attributed to its high quality and accuracy. Plastic optic fiber is projected to grow at highest growth rate. The high growth is due its adoption across varied industry verticals.

    Telecom and Broadband market segment is expected to dominate during the study period, owing to growing adoption of technology in data transmission services. Moreover, increasing cloud based services such as video on demand & audio video services expected to stimulate Fiber Optic Cable Market Size growth.

    In 2018, North America Fiber Optic Cable Market Size held the largest market share, accounting for nearly 30% of total global industry. Asia Pacific fiber optics cables market is expected to witness significant growth during the forecast period owing to rise in technological advancements in the region

    Market Segmentation

    Fiber Optic Cable Market Size By Type

    Single Mode


    Plastic Optical Fiber

    Fiber Optic Cable Market Size By Application

    Cable Television


    Oil & Gas

    Private Data Network

    Telecom & Broadband





    Fiber Optic Cable Market Size By Geography

    North America




    Rest of North America



    The UK




    Nordic Countries

    Benelux Union

    Rest of Europe

    Asia Pacific




    New Zealand


    South Korea

    Southeast Asia





    Rest of Southeast Asia

    Rest of Asia Pacific

    Middle East and Africa

    Saudi Arabia




    South Africa

    Rest of Middle East & Africa

    Latin America



    Rest of Latin America

    Contact us:

    Shreyas Tanna

    Phone: +91-740-024-2424

    Absolute Markets Insights


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