Fiber Optic Cables Market Is Expected To Generate Huge Profits by 2017-2027
Fiber optics are predominantly used for digital transmission of data. Attributing to their high efficiency and transmission ability, fiber optics are rapidly replacing other cables and metal wires. The fiber optic upkeep remote sensing technique can transmit data without the help of a physical medium. Correspondingly, fiber optic cables offer operational transmission of data, and they are less vulnerable to external and internal interferences.
Fiber optic cables are commonly used for internet, telephone, and cable connections. These cables contain glass strands, which have a thickness equivalent to human hair. The center part of every strand, known as the core, is the path where light travels. Every core is covered by a glass layer, known as cladding, which helps the light pass through the cable without any signal loss.
There are many advantages associated with the use of fiber optic cables, such as high capacity, long distance signal transfer, and low vulnerability to interference. These cables are rated from 10 Gbps to 100 Gbps and are of similar thickness as that of other cables, such as copper ones. Signals can be transferred easily via fiber optic cables over long distances, without any loss of data and strength. Also, attributing to the physical properties of fiber and glass, fiber optic cables do not need any extra shield to protect the cable from electromagnetic interference.
Fiber optic cables are generally of two types, namely single-mode fiber cables and multi-mode fiber cables. Single mode fiber cables are made up of thin strands of glass and a small laser in order to generate light and data signals. Multi-mode fiber cables consist of a light emitting diode for generating light and data signals.
Some of the applications of fiber optic cables are Fiber to the Home (FTTH), FTTP (Fiber to the Premises), FTTB (Fiber to the Building/Business/Block), FTTC/N (Fiber to the Curb of Node), direct fiber, shared fiber, etc. In FTTH, FTTP, FTTB and FTTC/N, cables are installed up to the home, premise, building and node respectively in order to provide a connection. In the case of direct fiber, cables are connected from the central office to one customer directly in order to provide high bandwidth. Lastly, in shared fiber, cables are splits for multiple users.
Fiber Optic Cables Market: Dynamics
The main driver of the fiber optic cables market is the increasing awareness of data security during transmission. Further, the increasing demand for internet and the rising use of FTTx networks pave way for growth in demand for fiber optic cables. Also, some applications of the internet, such as cloud computing, data storage, data transfer, and internet of things (IoT) can be considered as drivers of the industry.
Additionally, the telecom sector is expected to grow over the forecasted period, which in return will foster growth of the fiber optic cables market. On the other hand, the growing market for wireless communication will act as a restraint to this industry, because wireless communication can be a substitute to fiber optic cables in some areas of application. Factors such as advancement of technology and the growing need for internet are potential opportunities identified in the fiber optic cables industry.
Fiber Optic Cables Market: Segmentation
- Segmentation of the fiber optic cables market on the basis of cable type:
- Single mode
- Segmentation of the fiber optic cables market on the basis of optical fiber type:
- Segmentation of the fiber optic cables market on the basis of application:
- Electronics and Communication (Telecom, television, broadband, data networks, etc.)
- Industries and Commercial (buildings, premises, offices, etc.)
- Defense (Military, etc.)
- Healthcare and security
Fiber Optic Cables Market: Regional Outlook
Asia Pacific is estimated to show relatively high growth in the fiber optic cable market, where China holds a high market share as compared to other countries of the region. Increasing implementation of new technology, innovation in strategies, and in-house capacity of production are some of the reasons expected to contribute to China’s high market share in this industry.
Europe and North America are expected to exhibit significant growth owing to reasons, such as the use of fiber optic cables in metrology, power transmission, electronic automation, data transmission, and defense sector, among others. In the Middle East and Africa, factors such as the increasing use of internet and smart devices, and the adoption of fiber optic cables in applications, such as in sensors, and the telecom sector will boost the demand for these cables, which in turn will facilitate substantial growth of this region over the forecasted period.
Latin America also likely to grow, due to increasing awareness in the healthcare sector. Additionally, the use of broadband internet technology in this region will cause a rise in the demand for fiber optic cables.
Fiber Optic Cables Market: Market Participants
Examples of some of the market participants in the Fiber optic cables market, identified across the value chain include Belden Inc., Corning Incorporated, OFS Fitel LLC, Prysmian group, Yangtze Optical Fibre and Cable Joint Stock Limited Company, Finisar Corporation, Nexans, AFL., Futong group, Sumitomo Electric Industries Ltd., HTGD, LS Cable & System Ltd., Tongding Interconnection Information Co. Ltd., Furukawa Electric Co. Ltd., ZTT, General Cable Technologies Corporation, FiberHome, Leoni group, and Fasten group.