SMM News: according to a recent report released by marine economic research institute Report Ocean, the global fiber optic cable market grew at a compound annual rate of 11.18 per cent between 2019 and 2025.
Optical fiber cables are high-speed data transmission cables that transmit data through light waves so that they can transmit information at the speed of light. Fiber optic cables use optical fiber technology and use glass or plastic wire (optical fiber) to transmit data. Fiber optic cables have much higher bandwidth than metal cables, which allows them to carry more data and provide faster data transmission rates. Compared with metal cables, fiber optic cables are less susceptible to noise and interference, and are thinner and lighter. Fiber optic cables can be used for digital data transmission and can be used as the backbone of the Internet and long-distance telecommunications.
According to the type of cable, the market is divided into single-mode and multi-mode cables. The single-mode cable segment market occupies a dominant position in the fiber-optic cable market and is expected to generate the highest revenue. However, due to the use of multimode fiber for short-range data transmission or audio applications in LAN and backbone applications and networks in buildings, multimode fiber is expected to grow at a stable rate during the prediction period.
By application, the market is divided into long-distance communications, submarine cables, FTTX, local mobile metropolitan area network CATV and local access networks. Among them, long-distance communication is expected to become the highest revenue type of application in the forecast period. The data rates required for different applications have increased the use of fiber-optic cables in various industries, and IT and telecommunications are expected to account for the highest share of the fiber-optic market.
From the market region, the Asia-Pacific market is expected to become the highest revenue region during the forecast period, but also the fastest growing market during the forecast period, with a compound annual growth rate of 13.03%. The region is experiencing more and more smartphone adoption and the increasing popularity of high-speed online games, which has led to the demand for optical cable installation.
At the same time, countries such as China, Japan and India are investing heavily in improving their military and aerospace capabilities through fiber-optic cable technology. In addition, the Government has invested heavily in the research and development of fiber-optic security solutions, which is another factor driving the growth of the fiber-optic cable market in the region.
From the point of view of market suppliers, Heng Tong (China), Guhe electrician (Japan), Prysmann (Italy), Corning Company (USA), Changfei (China), Fortis (China), FOLAN (UK), Fujikura Cable (Japan), Sumitomo electrician (Japan), Nexson (France), Kemp (), Sterlite Technologies (India), Baitong Cable (USA) will become the major fiber optic cable suppliers during the forecast period.