Global Optical Fiber Cable Market is expected to rise from its initial estimated value of USD 3881.72 million in 2018 to an estimated value of USD 9366.62 million by 2026, registering a CAGR of 11.64% in the forecast period of 2019-2026. Increasing demand of fiber to the home (FTTH) connectivity is the major factor driving the market.
Due to high demand and the value of market research for the success of different sectors, optical fiber cable market report covers many work areas. This report is generated with the combination of best industry insight, practical solutions, talent solutions and latest technology. It is a professional and a complete report focusing on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis. The report focuses on major driving factors of the market and the market restraints which generally causes inhibition. In this optical fiber cable business document, market segmentation is also covered in detail by considering several aspects that is sure to help businesses out there.
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Major Market Competitors/Players
Few of the major competitors currently working in optical fiber cable market are Fujikura Ltd., Corning Incorporated, Sterlite Technologies Limited., FURUKAWA ELECTRIC CO., LTD., Prysmian Group, Finisar Corporation, Sumitomo Electric Industries, Ltd., NEXANS, Reflex Photonics Inc., Tata Communications., Tongding Group Co., Ltd., CommScope, FIBERHOME, Jiangsu Zhongtian Technology Co., Ltd., Belden Inc., Finolex Cables.
Global optical fiber cable market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares optical fiber cable market for global, Europe, North America, Asia-Pacific and South America.
Increasing usage 5G technology is driving the growth of this market
Technological advancement and development in the optical fibre cable is driving the market
High funding cost is restraining the market
Increasing demand for wireless communication system is restraining the growth of this market
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By Mode of Transaction
Glass Optical Fiber
Plastic Optical Fiber
By Industry Vertical
Telecom & IT
Energy & Utilities
Aerospace & Defense
Middle East and Africa
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