Pune, India -- (SBWire) -- 04/02/2019 --Our latest research report entitled Fiber Optic Cable Market (by type (single, multi-mode fiber, plastic optic fiber) application (telecom, military & aerospace, BFSI, medical, oil & gas)) Global Industry Analysis, Trends, Market Size and Forecasts up to 2024 provides complete and deep insights into the market dynamics and growth of fiber optic cable. Latest information on market risks, industry chain structure fiber optic cable cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential fiber optic cable growth factors.
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The forecast fiber optic cable Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, fiber optic cable on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report.
Fiber Optic Cable Market: Industry Insight
Fiber optical cable contains the bunch of optical fibers primarily used to transfer digital data signals over the large distance. They enable the transmission of higher bandwidths over longer distances. They are the best suitable alternatives to electrical communication cables. At present, optical cable has become an import part of the world's communication industry.
Fiber Optic Cable Market: Market Insight
Rapidly increasing data load on the telecom industry is the key factor that drives the growth of fiber optic cable market. Fiber-optic technology has become a necessity in many residential and commercial projects across the globe. Therefore, this contributes to the growth of fiber optic cable market. On the other hand, installation of fiber optic cables in the undergoing and undersea is the labor-intensive process that restraining the growth of fiber optic cable market. Furthermore, the cost-effective and power-efficient benefits offered by the fiber optic is anticipated to escalate the growth of fiber optic cable market in upcoming years.
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Fiber Optic Cable Market: Segmentation
The report on global fiber optic cable market segmented into type and application.
In terms of type, the market is sub-segmented as single mode fiber, multi-mode fiber, and plastic optic fiber. Additionally, based on the application market is categorized into telecom, military & aerospace, BFSI, medical, oil & gas, and others. Among these applications, telecom holds the largest market share in the fiber optic cable market. The use of optical fiber in the telecom sector offers higher bandwidth capacities as compared to other microwave links. Thus, this drives the growth of optical fiber cable market in telecom application. Furthermore, ongoing network infrastructure upgradation and growing need for higher speeds are projected to create several growth opportunities for fiber optic cable market in various end-use industries.
Fiber Optic Cable Market: Regional Insight
Regionally, North America holds the maximum market shares in the fiber optic cable market followed by Europe. The presence of a large number of data centers and the key players in this region are driving the growth of North America fiber optic cable market. In addition, Asia Pacific is growing At a Considerable Rate in the fiber optic cable market. India is one of the promising markets for the growth of fiber optics among developing countries. The government in these countries are taking initiative to adopt fiber optic technology across several end-use industries. For instance, in October 2018, announced setting up of the National Fiber Authority (NFA) to accelerate fiber deployment in the country.
Fiber Optic Cable Market: Competitive Landscape
The key players in the global fiber optic cable market include Prysmian Group, Corning Inc., Finisar, AFL Global, Sumitomo Electronics Industries, Ls Cable & System, Leoni AG, Furukawa Electric, General Cable Corporation, and Finolex. The players in this market are focusing on the development of a new and efficient product. For instance, In March 2019, NAI has introduced a series of new fiber optic cable assemblies designed specifically for hyperscale computing in data centers.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the fiber optic cable.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
