The Global Fiber Optic Cables Industry Research market is estimated to grow at a CAGR of 10% during the forecast period. It's a cylinder-shaped dielectric waveguide that uses total internal reflection to transport light across its axis. The light travels via total internal reflection through a transparent core surrounding by a transparent cladding material with a lower index of refraction. The fibre acts as a waveguide, as a result of this phenomena. The demand for internet around the globe, combined with the growing requirement for FTTx, is propelling the fibre optics industry forward. Growing wireless communication systems, on the other hand, are limiting market expansion.

A major element driving the growth of the fibre optics market in the communication segment is the growing number of internet users. Furthermore, the fibre optic market is being driven by expansion in the telecom, premises, utility, and industrial sectors. Additionally, one of the primary factors for growth in the telecom market in the area is China and India's enormous population bases, which is likely to boost the fibre optics market during the forecast period.

The internet is a global network of interconnected devices. Fiber optics serve as the internet's backbone, with optical fibre cables serving as the medium for transporting data from one location to another. In 2018, 51.2 % of the world's population used the internet, according to the International Telecommunication Union (ITU). In 2018, the number of internet users increased by roughly 45 percent. The internet is being driven by the expanding importance of cloud computing, data transfer and storage, and IoT. The number of internet users is predicted to rise from 3.6 billion in 2018 to 5.0 billion by 2025, according to the International Energy Agency. Furthermore, by 2025, the number of IoT connections is estimated to have risen from 7.5 billion in 2018 to over 25.0 billion.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Fiber Type

o By Cable Type

o By Application

• Competitive Landscape:  Corning Incorporated, Prysmian Group, Finisar, AFL Global, Sumitomo Electric Industries, Ltd among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Fiber Optic Cables Industry Research Market Segmentation,

By Fiber Type:

• Glass
• Plastic

By Cable Type:

• Single-mode
• Multi-mode

By Application:

• Communication
• Non-communication

Global Fiber Optic Cables Industry Research Market By Region