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Research and Markets, an international market research institution, recently released a telecom cable market report that the future prospects of the telecom cable market are promising, and the telecom infrastructure, cable TV, data center and computer network markets have good potential
.
The global telecom cable market is expected to reach $50.
8 billion by 2023, growing at a CAGR of 5.
4%
during the period.
The major growth drivers for this market are the increasing demand for internet connectivity, increasing user base, and increasing
investments in telecom infrastructure.
At the same time, emerging trends have a direct impact on the dynamics of the telecom cable industry, including the development of ultra-high-speed broadband networks and the integration of
FTTH and wireless technologies.
The report predicts that built-in telecom and data lines are expected to remain the largest market share
due to the growing demand for high-speed device connectivity.
Fiber optic telecom cables are expected to witness the highest growth
during the forecast period due to the increasing fiber-to-the-home (FTTH) user base and increasing investments in telecom infrastructure.
In the telecom cable market, telecommunications will remain the largest application market
due to the growing number of fiber optic cables used for telecommunications and digital conversion in the telecommunications industry.
The report predicts that CATV is expected to witness the highest growth during the forecast period with the growing demand for high-definition video content and the growth
of smart devices.
At the same time, Asia Pacific is expected to remain the largest regional market and the fastest growing region
during the forecast period, with growing demand for cloud-based technologies, accelerating connectivity speeds, and increasing IT infrastructure investments.
In terms of manufacturers, Prysmian (including the acquired General Cable), Sumitomo Electric, Nexans, Furukawa Electric, LS Cable, Fujikura Cable, etc.
will become the world's leading telecom cable manufacturers
.
Research and Markets, an international market research institution, recently released a telecom cable market report that the future prospects of the telecom cable market are promising, and the telecom infrastructure, cable TV, data center and computer network markets have good potential
.
The global telecom cable market is expected to reach $50.
8 billion by 2023, growing at a CAGR of 5.
4%
during the period.
The major growth drivers for this market are the increasing demand for internet connectivity, increasing user base, and increasing
investments in telecom infrastructure.
At the same time, emerging trends have a direct impact on the dynamics of the telecom cable industry, including the development of ultra-high-speed broadband networks and the integration of
FTTH and wireless technologies.
The report predicts that built-in telecom and data lines are expected to remain the largest market share
due to the growing demand for high-speed device connectivity.
Fiber optic telecom cables are expected to witness the highest growth
during the forecast period due to the increasing fiber-to-the-home (FTTH) user base and increasing investments in telecom infrastructure.
In the telecom cable market, telecommunications will remain the largest application market
due to the growing number of fiber optic cables used for telecommunications and digital conversion in the telecommunications industry.
The report predicts that CATV is expected to witness the highest growth during the forecast period with the growing demand for high-definition video content and the growth
of smart devices.
At the same time, Asia Pacific is expected to remain the largest regional market and the fastest growing region
during the forecast period, with growing demand for cloud-based technologies, accelerating connectivity speeds, and increasing IT infrastructure investments.
In terms of manufacturers, Prysmian (including the acquired General Cable), Sumitomo Electric, Nexans, Furukawa Electric, LS Cable, Fujikura Cable, etc.
will become the world's leading telecom cable manufacturers
.
