The global fiber optic cable market will grow at a compound annual growth rate of 11.18% from 2019 to 2025

According to a report recently released by Report Ocean, a research institute for marine economy, the compound annual growth rate of the global fiber optic cable market will reach 11.
18%
from 2019 to 2025.

Fiber optic cables are high-speed data transmission cables that transmit data through light waves, enabling them to transmit information
at the speed of light.
Fiber optic cables use fiber optic technology to transmit data
using glass or plastic wires (optical fibers).
Fiber optic cables have a much higher bandwidth than metal cables, which allows them to carry more data and provide faster data transfer rates
.
Compared to metal cables, fiber optic cables are less susceptible to noise and interference, and are thinner and lighter
.
Fiber optic cables enable digital data transmission and can be used as the backbone
for Internet and long-distance telecommunications.

Based on cable type, the market is segmented into singlemode and multimode cables
.
The single-mode cable segment dominates the fiber optic cable market and is expected to generate the highest revenue
.
However, multimode segment fiber is expected to grow
at a steady rate during the forecast period, as multimode fiber is used for short-range data transmission or audio applications in LANs and backbone applications and networks in buildings.

By application, the market is segmented into long-distance communications, submarine cables, FTTX, local mobile metro networks (CATVs), and local access networks
.
Among them, long-distance communication is expected to be the application type
with the highest revenue during the forecast period.
The data rates required for different applications have increased the adoption of fiber optic cables across industries, with IT and telecom expected to account for the highest share
of the fiber optic market.

In terms of market segment, the Asia-Pacific market is expected to be the region with the highest revenue during the forecast period and the fastest growing market during the forecast period, with an expected CAGR of 13.
03%.

The region is experiencing increasing smartphone adoption and growing popularity of high-speed online gaming, which has triggered the demand
for fiber optic cable installation.

Meanwhile, countries such as China, Japan and India are investing heavily in improving their military and aerospace capabilities
through fiber-optic cable technology.
In addition, significant government investments in the research and development of fiber optic security solutions are another factor
driving the growth of the fiber optic cable market in the region.

In terms of market suppliers, Hengtong (China), Furukawa Electric (Japan), Prysmian (Italy), Corning Corporation (USA), Changfei (China), Fortis (China), FOLAN (UK), Fujikura Cable (Japan), Sumitomo Electric (Japan), Nexans (France), CommScope (USA), Sterlite Technologies (India), Belden Cable (US) and others will be the major fiber optic cable suppliers
during the forecast period.