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Fiber Optic Cables Market Size, Share, Growth, Strategies, Trends, Analysis and Forecast 2018 to 202

Fiber Optic Cables Market is expected to demonstrate a CAGR of 7.2% during the forecast period to reach US$ 7.95 Bn by 2026.

United States, 18 January 2019 -- Fiber Optic Cables Market is expected to demonstrate a CAGR of 7.2% during the forecast period to reach US$ 7.95 Bn by 2026.

According to a new market report published by Credence Research Inc., “Global Fiber Optic Cables Market (By Cable Type (Single Mode and Multi-mode), By Optical Fiber Type (Glass Optical Fiber and Plastic Optical Fiber), By Application (Banking, Financial Services, and Insurance (BFSI), Military & Aerospace, Oil & Gas, Medical, Telecom and Others))- Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global fiber optic cables market is expected to demonstrate a CAGR of 7.2% during the forecast period to reach US$ 7.95 Bn by 2026.

Browse the full “Global Fiber Optic Cables Market - Growth, Future Prospects and Competitive Landscape, 2018 – 2026” report at https://www.credenceresearch.com/report/fiber-optic-cables-market

Product Insights

The most prominent factor driving the fiber optic cables market growth is rapidly growing internet traffic worldwide. With increasing proliferation of mobile devices, number of internet users is on rapid rise since the past few years. As of March 2017, there were nearly 3.74 Bn internet users across the globe, resulting into higher requirement of internet bandwidth. The demand for unceasing bandwidth is yielding significant growth in the global fiber optic cables market. Fiber optic cable provides a constant, stable and fast internet connection that allows high speed data transfer with minimal interference. In recent past, it has become noticeable that fiber optic cables are rapidly replacing copper cables and other metal wires due to their wide range of advantages over electrical transmission. Some of the main advantages of fiber optic cables are as below:

Higher bandwidth with less attenuation
High information carrying capacity
Resists electromagnetic interference
Low signal degradation
Light-weighted
Smaller size
Ease of accommodating increasing bandwidth
Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/59002

Furthermore, increasing expenditure on network infrastructure development is another major factor pushing the demand for fiber optic cables. Considering the immense benefits of fiber optic cables, more number of network providers are shifting towards establishing optical networks. Advent of Internet of Things (IoT) is expected to generate high demand for internet bandwidth in the following years. Thus, growing number of connected devices is expected to further support the market growth. However, high installation costs coupled with complex installation process of fiber optic cables acts as a restrain to the market. In addition, lack of industry standards have also hindered the demand for fiber optic cables in industrial environments as well as in subscriber networks

Competitive Insights:

The growth of fiber optic cables has been very rapid in recent years with ubiquitous demand for high-speed internet. As a result, market players emphasize on developing more sophisticated optical cables that can offer high speed internet with reduced need for amplifiers. In addition, mergers & acquisitions have emerged as a prominent strategy for market players seeking to expand their business. For instance, in 2017, Corning, Inc. announced the acquisition of 3M’s Communications Unit. The acquisition is completed to help Corning further expand its geographic reach and optical product offerings. Major players identified in the global fiber optic cable market include Corning, Inc., Finisar Corporation, Prysmian Group, AFL Telecommunications LLC, Sumitomo Electric Industries, Ltd., LS Cable & System Ltd., LEONI, Furukawa Electric Co., Ltd., Finolex Cables Ltd., General Cable Technologies Corporation, Yangtze Optical Fiber and Cable Joint Stock Ltd. Co. and Sterlite Technologies Ltd.

Download Free PDF Request for Customization: https://www.credenceresearch.com/request-for-customization/59002

By Fiber Type Segment

Single Mode
Multi-mode
By Material Segment

Glass Optical Fiber
Plastic Optical Fiber
By Application Segment

Banking, Financial Services & Insurance (BFSI)
Defense & Aerospace
Oil & Gas
Healthcare
Telecom
Others (Transportation, Industrial, etc.)
By Geography

North America
Europe
Asia Pacific
Middle East & Africa (MEA)
Latin America
Download Free PDF Sample Request: https://www.credenceresearch.com/sample-request/59002

Our Blog: http://www.tcnindustry.com/

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

Media Contact

Name: Chris Smith

Address: 105 N 1st ST #429,

SAN JOSE, CA 95103 US

E-mail:

Ph.: 1-800-361-8290

Website: http://www.credenceresearch.com

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Submitted by Ganesh Kumar, Acute Market Reports on Friday, 18 January 2019 at 1:59 PM
Category: Business
 
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