Global optical fiber cable market is
expected to experience brisk growth owing to increase in demand for high speed
data transfer. Huge investment for technological advancement is presumed to
have positive impact on the market. Need for high speed connection throughout
the building organization to increase efficiency is expected to further enhance
the optical fiber cable market growth.
Cables that contain one or more
than one optical fibers, which are used to carry light, are referred as optical
fiber cable. The elements in fiber optics are individually coated by plastic
layers and are contained within a protective tube according to the environment
where optical fiber cable will be deployed. This cable is being adapted at high
rate due to several advantages it has over the traditional metal wires. Such as
greater bandwidth, which allows them to carry more data, allow digital
transmission and are lighter & thinner. The demand and usage for optical
fiber has witnessed tremendous growth and they have numerous applications.
Application in telecommunication sector is widespread which range from desktop
computers to global networks. These includes voice, data, or video transmission
over distances hundreds kilometres range.
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Increase in demand for better
data transfer and internet connection is presumed to be the key driver for this
industry. It is used for digital data transmission and is progressively being
used to replace metal wires due to its effectiveness and high communication
capacity. They are capable to provide effective and high-speed data transfer,
as the internal and external interferences do not affect them. This system
allows data transmission without any physical medium requirement with the
remote sensing technique usage. Thus this technique supports communication with
inaccessible and remote regions. Due to better data transmission abilities it
has been witnessed that telephonic sector has replaced the traditional wire by
optical fibre cable in past years. Thus this is expected to contribute for the
market expansion in the near future. All the communication connection through
cable is presumed to employ optical fibre cable in the forecast period.
The cables require huge
investment for the initial instalment, which is presumed to hinder the market
demand over the forecast period. Increase in concerns related to information
security and safety is presumed to hamper the market growth. Moreover,
alternative raw materials usage for information transfer is estimated to
restrict the market growth. High manufacturing and maintenance cost involved is
estimated to hinder market demand over the sever year period. Diminishing raw
material used and complex manufacturing process involved for the production is
expected to hinder market demand over the forecast period.There are different
types of optical fiber cable such as optical fiber conductive, conductive
general use, conductive plenum, conductive riser, non-conductive,
non-conductive general use, non-conductive plenum, non-conductive riser, all
dielectric self-supporting and composite overhead ground wire.
The market can be segmented as oil & gas, military & aerospace,
biomedical, telecommunication, utilities, private data networks and cable
television among several others. Communication sector is projected to be
major application segment, which will adopt this technique over the seven year
period owing to growth in desktop computers usage in organizations across the
global networks.
The optical fiber cable market
can be segmented based on regions as North America, Europe, Asia-Pacific,
Middle East & Africa and Central & South America. North America rules
the market due to the majority key player’s existence in this region. It has
been witnessed in the recent past that the North America region is the one
where most products are launched first thus the vendors from this region have
competitive advantage over others. Among developed regions such as North America
and Europe has dominated the regional demand and are expected to show similar
trend over the seven-year period.
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Asia Pacific is projected to show
rapid growth owing to increased demand in several application segments.
Increase in new telecommunication technologies usage such as 4G mobile and FTTx
applications usages is presumed to be the major growth factor for this region.
Fiber to the x (FTTx) is a term which is collectively used for various optical
fiber distribution topologies which are categorized based on where the fiber
terminates. Asia Pacific region is projected to grow over forecast period owing
to increased R&D activities and technological advancements. The growth in
process industry and water treatment requirement is presumed to further
increase the demand in this region.
The optical fiber cable market is
highly cost intensive and requires heavy initial investment thus it is
projected to restrict new market players. Industry participants are taking
strong measures and investing heavily in R&D initiatives to develop
superior and efficient systems & control hubs. Prominent industry
participants include Optical Cable Corporation, Birla Furukawa Fibre Optics
Ltd., Sterlite Technologies Ltd., Ofs Fitel, Yangtze Optical Fiber & Cable
Co. Ltd., Corning Inc., Fujikura Ltd, Finolex Cable Ltd., Australian Fibreoptic
Communications and Prysmian Spa.
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