Harrisburg, NC -- (SBWIRE) -- 10/19/2020 -- The Fiber Optic Cable Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
The global fiber optic cable market (henceforth, referred to as the market studied) was valued at USD 7,578.1 million in 2019, and it is expected to reach USD 16,390.6 million by 2025, registering a CAGR of 14.5% during the period, 2020-2025 (henceforth, referred to as the forecast period)._ Increasing demand in FTTX and telecommunications industry and technological advancements are primarily responsible for the increased growth of the market.
Get Sample Copy of this Report:
Top Leading Companies of Global Fiber Optic Cable Market are Corning Inc., Sumitomo Electric Industries Ltd, Finisar Corporation, Leoni AG, Prysmian Group, Coherent Inc., Furukawa Electric Co. Ltd, LS Cable & System (LS Group), Sterlite Technologies Ltd, Yangtze Optical Fiber and Cable Joint Stock Ltd Co., Hengtong Group Co. Ltd, Fujikura Ltd, Nexans SA, Commscope Inc., Hitachi Cable America Inc. (Hitachi Cable), Nestor Cables Ltd
April 25, 2020: Prysmian Introduces World's First 180µm Fiber Cable for FTTx and 5G Networks
Optical fibers are getting smaller and smaller to the deployment challenges raised by the applications. As telecom operators also started looking for high fiber count cables in reduced diameters, optical fiber and cable manufacturers have been investing in research and development to realize smaller fibers and cables. Prysmian becomes the first company to release a portfolio of cables that make use of optical fibers having a diameter of 180µm (micrometers). These cables will be deployed for FTTx and 5G networks.
In a press release, Prysmian Group announced the launch of the world's first commercially available 180µm fiber cable. Further to previous announcements for BendBrightXS 180µm fiber and Sirocco HD cables, Prysmian combines the two technologies to launch its Sirocco Extreme microduct cable with 288 fibers in a diameter of 6.5mm, providing world record diameter and fiber density for a blown microduct cable of 288 fibers. With a fiber density of 8.7 fibers per square millimeter, it is possible to install the cable into an 8mm ID duct where previously it was only possible to install up to 192 fibers.
Sirocco Extreme microduct cables utilize Prysmian Group's BendBrightXS 180µm single-mode bend-insensitive fiber (ITU-T G.657.A2), providing a solution that's ready for evolved systems and future-proof.
Prysmian's BendBrightXS fibers are capable of providing the necessary standard of cable density, and of supporting the necessary fiber spectrum demanded by new PON technologies states Ian Griffiths, Director R&D Telecom Business at Prysmian Group. Bend-insensitive fiber's resilience gives manufacturers the ability to design cabling solutions which were previously impossible to create, but are now demanded by today's rapidly changing environments.
Furukawa Electric Achieves World's First Installation of World's Highest Density 6912 Fiber Optic Cable into 1.25 inch Diameter Conduit
August 3, 2020: The continuing rapid increase in bandwidth demand has created an urgent need for data centers to increase the capacity of optical fiber networks. Within and between existing data center buildings, it has become necessary to maximize the fiber count in existing conduit to avoid expensive and time-consuming creation of new installations.
Furukawa Electric Co., Ltd. (FEC) conducted an experiment in its Mie, Japan facility to demonstrate the installation of a 6912-fiber optic cable with an outer diameter of 1.14 inches (29 mm) in a 696 feet (200m) long conduit with three 90 degree curves and an inner diameter of 1.25 inches (32mm). The conduit used was a standard product installed in conventional data center campuses. Engineers confirmed a maximum pulling tension of 84 pounds (372N), well below the maximum pulling tension of 600 pounds (2700N) specified for the cable.
Key Market Trends
- The optical fibers are getting smaller and smaller to the deployment challenges being raised by end-use applications. As telecom operators started looking for high fiber count cables in reduced diameters, optical fiber, and cable manufacturers are investing in research and development to realize smaller fibers and cables. In April 2020, Prysmian becomes the first company to release a portfolio of cables that make use of optical fibers having a diameter of 180 m (micrometers). These cables will be deployed for FTTx and 5G networks.
- Moreover, in the past few years, cloud and content providers attempted to attract more users and offer reliable bandwidth-intensive services, thus, increasing the popularity of submarine infrastructure. The number of new submarine cables is set to grow by 50% in 2019, as compared to 2018 (source: TeleGeography's submarine cable map). The lifetime for submarine cable is expected to be about 25 years.
- Further, according to TeleGeography's submarine cable map, submarine cables act as the backbone of the internet. There are about 350 submarine cables spanning 1.2 million kilometers connecting very close to 100 countries. According to SubmarineNetworks.com, the world of submarine cables is transforming rapidly with data compiled by Telegeography indicating USD 8 billion investments lined up in 2019-21.
- Since the COVID-19 virus outbreak in December 2020, global impacts of the coronavirus disease 2020 (COVID-19) are already starting to be felt and will significantly affect the 5G Fiber Optic Cable market in 2020. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand by creating supply chain and market disruption and by its financial impact on firms and financial markets._ The largest concentration of the fiber optics supply chain can be found in Wuhan, home to Fiberhome, YOFC, and Accelink, among other companies, which together comprise 25% of the global optical fiber production capacity. During the initial phase of the COVID-19 pandemic, the demand was usually weak, but production usually continues at reduced levels.
- Further, before COVID-19, the amount of optical cable installed worldwide decreased from the previous year for the first time since 2002. The quantity installed in 2018 exceeded 500 million fiber-km for the first time but then decreased below 480 million in 2019. So with the pandemic and after pandemic situation, the situation may go to the worse stage in some applications.
IT and Telecom Sector is Expected to Witness Significant Growth
- Optical fiber cable (OFC) is a significant building block in the telecommunication infrastructure. Over the last decade, fiber optics are catering to aggressive bandwidth demands, especially telecommunication companies, and have become the preferred transmission medium.
- The explosion of data traffic from various sources, such as the internet, e-commerce, computer networks, and multimedia (voice, data, and video), has led to the need for a transmission medium capable of handling higher bandwidth for handling such vast amounts of information. Fiber optic cables, with comparatively infinite bandwidth, have proven to be the solution.
- Recently, Prime Minister Narendra Modi inaugurated the submarine Optical Fibre Cable (OFC) connecting Chennai and Port Blair through video conferencing. He had laid the foundation stone for this project in 2018, at Port Blair. The submarine fiber cable connectivity will enable the delivery of faster and more reliable mobile and landline telecom services to Andaman and Nicobar Islands, on par with other parts of India.
- Enhanced telecom and Broadband connectivity will boost tourism and employment generation in the Islands, which will further give an impetus to the economy and raise standards of living. The new network will enable delivery of faster and more reliable mobile and landline telecom services to the Andaman and Nicobar Islands, at par with other parts of the country. _
- Moreover, owing to their security, scalability, and the unlimited bandwidth potential to handle the vast amount of backhaul traffic being generated, fiber optic cables are also being chosen to support the bandwidth levels catering to advanced technologies like 5G, Big Data, and IoT that rely heavily on real-time data collection and transfer. The launch of 5G is expected to enhance the capacity and lower latency straight to networks.
Asia-Pacific is Expected to Hold Major Market Share
- In the Asia Pacific, China dominates not only the regional market but also the global fiber optic cable market. The country has a high density of optical fiber networks and is aggressively investing in new optical fiber infrastructure.
- Increasing the adoption of fiber optics cables to transmit signals with a minimum amount of loss has been growing in the country. By the end of 2016, 80% of China's broadband connection was by fiber making country, the world leader in FTTP. By 2019, this figure reached 91%, some 396 million premises, according to the China Internet Network Information Center(CNNIC) 2019 survey.
- Moreover, the increasing demand for OFC from the IT & telecom sector, rising number of mobile devices, increasing adoption of FTTH (Fiber to the Home) connectivity, and surging number of data centers is further anticipated to fuel fiber optic cables market in India over the coming years._ For instance, Cloud Companies are partnering with telecom operators to create edge datacenters. (E.g. Microsoft has tied up with Reliance Jio & Airtel has teamed up with Google Cloud in India.)
- Moreover, In October 2019, Indonesia completed final part of a 13,000 km, also known as fiber-optic network, Palapa Ring Project, which will bring high-speed internet to some of its poorest regions in the country's eastern parts. According to the government's data, the cable to carry telecommunication costs USD 540.18 million to build._ All such factors are having a combined positive effect on the growth of the market
This report focuses on Fiber Optic Cable volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Fiber Optic Cable market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan etc.
This allows understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences, and the vendor landscape of the overall market.
Furthermore, this study will help our clients solve the following issues:
Cyclical dynamics - We foresee dynamics of industries by using core analytical and unconventional market research approaches. Our clients use insights provided by us to maneuver themselves through market uncertainties and interferences.
Identifying key cannibalizes - Strong substitute of a product or service is the most important threat. Our clients can identify key cannibalizes of a market, by procuring our research. This helps them in aligning their new product development/launch strategies in advance.
Spotting emerging trends – The report help clients to spot upcoming hot market trends. We also track possible impact and disruptions which a market would witness by a particular emerging trend. Our proactive analysis helps clients to have early mover advantage.
Interrelated opportunities - This report will allow clients to make decisions based on data, thereby increasing the chances that the strategies will perform better if not best in real world.
Browse Full Report at:
Following are major Table of Content of Fiber Optic Cable Industry:
- Fiber Optic Cable Market Sales Overview.
- Fiber Optic Cable Market Sales Competition by Manufacturers.
- Fiber Optic Cable Market Sales Analysis by Region.
- Fiber Optic Cable Market Sales Analysis by Type.
- Fiber Optic Cable Market Analysis by Application.
- Fiber Optic Cable Market -Manufacturers Analysis.
Customization of the Report:
MarketInsightsReports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
email@example.com | firstname.lastname@example.org