The fiber optic cables are high-speed data transmission cabled which communicate data with the light waves and support them to transmit information at the speed of light. A fiber optic cable encompasses three parts cladding, coating and core. The core is the central part of the fiber optic cable by which the light travels. The fiber optic cables have much advanced bandwidth than metal cables which supports them to transmit more data and deliver the quicker data transmission rate. Fiber optic cables allow digital data transmission and are utilized as the mainstays for the internet and long-distance telecommunications. Moreover, the fiber optic cables utilize fiber optics technology that utilized glass or plastic threads to transfer the data. Furthermore, the key players of this market are playing an important role by doing effective developments in the technology of doing work and transitions of data for leading the fastest market growth during the forecasted period more efficiently.
According to the report analysis, ‘Global Fiber Optic Cable Market Research Report – Forecast to 2025’ states that there are several key players which are presently functioning in this market more effectively for dominating the highest amount of share while working with the innovative technologies and techniques includes Hengtong (China), Furukawa Electric Co. Ltd. (Japan), Prysmian Cables & Systems Limited (UK), Corning Inc. (US), YOFC (China), Futong (China), FOLAN (UK), FUJIKURA LTD (Japan), Sumitomo Electric, Ltd. (Japan), Tongding, Ltd (China), Kaile Science and Technology Co, Ltd (China), Nexans S.A (France), CommScope Inc (US), Sterlite Technologies (India), Fiber Home Telecom Tech (China), Jiangsu YongDing Company Limited (China), ZTT International Ltd (China), Belden Inc (US), Jiangsu Fasten (China) and several others. Moreover, the key players of this market are adopting effective strategies and policies of doing work which provide better services and enables digital data transmission for long-distance telecommunication effectively.
Additionally, the global fiber optic cable market is predictable to reach approximately USD 11.67 billion by 2025 at an effective CAGR of 11.18% from 2013 to 2025. Whereas, the global market of fiber optic cable is segmented differently into type, application, and region. On the basis of application, the market is sub-segmented into long-distance communication, submarine cable, FTTX, local mobile metro network CATV, and local access network. Among which, the long-distance communication is anticipated to be the highest revenue generating application during the forecast period.
Moreover, with the various applications the market is spread across the globe which majorly includes North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is predictable to be the uppermost revenue producing region in 2017 with revenue of USD 2.03 billion and is the wildest increasing region during the forecast period raising at an effective CAGR of 13.03%. This region is witnessing the effective implementation of smartphones and growing popularity of high-speed online gaming which fuel the ultimatum for fiber optic cable installations. Therefore, in the near future, it is expected that the market of fiber optic cable will increase across the globe more significantly over the recent few years.
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