The optical fiber cable market is projected to show steady growth during the forecast period.
The need for a transmission medium capable of managing a greater bandwidth for such massive amounts of information has arisen due to the explosion in data traffic from various sources, such as the Internet, e-commerce, and multimedia. The solution is fiber optic cables, which have virtually infinite bandwidth. Additionally, optical fiber is a crucial part of fixed and mobile internet networks.
Increased fiber rollout speed is essential for high-speed, massive data backhaul that improves dependability and reduces latency. Telecommunication companies are investing in expanding their offerings and new spectrum deployments to meet the ongoing demand. For instance, in August 2022, Bharti Airtel paid Rs.8,312.4 crores to the Department of Telecommunication as an upfront payment, concluding the company’s initial bid on the 5G spectrum auction.
Big Data, 5G, and IoT heavily rely on high-speed bandwidth for real-time data collection and transfer, which makes optical fiber cables an ideal choice. They offer security, scalability, and unlimited bandwidth potential for handling high amounts of backhaul traffic being generated. The deployment of 5G is anticipated to increase bandwidth and reduce latency directly to networks.
Based on mode, the 5g optical fiber cable market is divided into single-mode and multi-mode. The former is poised for significant growth and will account for a considerable market proportion during the anticipated period. A single-mode fiber optic cable only permits one light mode to propagate due to its small diameter core.
The booming demand for long-distance transmission is set to pave the way for future market expansion for single-model products, which are increasingly applicable in CATV providers, universities, and colleges for higher bandwidth runs.
|
DATE |
TYPE |
DESCRIPTION |
|
June 2022 |
Launch |
STL launched A1 Fiber Solutions. The solution is appropriate for improved network efficiency and less expensive installation. It offers bend-insensitive single-mode A1 fiber (BISMF) and non-zero dispersion shifted single-mode a1 fiber (NZDSF) options with diameters of 250 um and 200 um for 5G and FTTx applications. |
By transmission speed, the 5G optical fiber cable is divided into <100G, 100G, 200G, and 400G. Owing to its greater efficiency, the 400G is expected to show the quickest growth during the forecast period. The product offerings in this segment include:
|
COMPANY NAME |
PRODUCT NAME |
DESCRIPTION |
|
Tripp Lite |
400G Multimode 50/125 OM4 Plenum Fiber Optic Cable |
High bandwidths required for next-generation cloud services, hyperscale data centers, and telecom operators are supported by the 400 GbE Ethernet cable. The MTP/MPO 24- and 12-fiber ends are designed for next-gen 400G QSFP-DD transceivers. |
|
Tarluz |
TARLUZ 400G QSFP-DD AOC Active Optical Cable |
The solution is an Eight-Channel, Pluggable, Parallel, Fiber-Optic QSFP Double Density for 2×200 Gigabit Ethernet Applications, offering a data rate of 26.5625GBd. This AOC is a high-performance module used in applications requiring multi-lane short-distance data transmission. |
The global optical fiber cable market consists of some major nations that are implementing necessary policies and strategic investments to bolster 5G deployment across urban and rural communities. Countries, namely the United States, China, Japan, South Korea, and EU nations such as Germany, France, and Spain, are showing the quickest adaption to the ongoing shift towards higher speed bandwidth, which has stimulated the overall market expansion. For instance,
Leading market players, namely Furukawa, Sumitomo Electric Industries, Bendel, HFCL, and STL, are investing in strategic maneuvers such as facility establishment, collaboration, product launches, and partnerships, which have expanded their product offerings. For instance,
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR during the forecast period |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2023 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
|
| Companies Covered | |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |
The Optical Fiber Cable market is segmented and analyzed as follows: