ALBANY, New York, June 9, 2020
- Advances in Capacity of Base Transceiver Stations Imparts Big Impetus to Deployment of Fiber Optic Cables in Next-Generation Broadband Systems in Telecommunication Industry of Developing Countries
- Companies Aspiring for New Growth Avenues Put Stakes in Deployment of 5G Networks; Cutting-edge Error Detection Techniques to Help Improve Demand Potential in Fiber Optic Cables Market
ALBANY, New York, June 9, 2020 /PRNewswire/ -- Rapidly growing demand for high-speed connectivity in various sectors, notably in IT and telecommunication, healthcare, and energy, especially in developing regions is key to use of fiber optic cables. They are gathering traction among network providers to enable industries to send and access high-speed data reliably.
In recent times, large-scale deployment of cloud based storage solutions has spurred use of fiber optic cables in networks. The global fiber optic cables market is projected to garner CAGR of ~7% during 2020–2030, taking its valuation to touch ~US$ 15 bn by the end of 2030. The unveiling of fiber optics multiplex equipment and adoption of wavelength division multiplexing are promising trends.
Analysts note that the current COVID-19 lockdown has halted construction of new optical networks; however, post-COVID era will bring lucrative avenues. This is underpinned mainly by large-scale fiber optic projects, such in the U.S., they further assert.
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Key Findings of Fiber Optic Cables Market Report
Explore 253 pages of top-notch research, incisive insights, and detailed country-level projections of Fiber Optic Cable Market (Fiber Type: Single-mode Fiber, Multi-mode Fiber, and Others; Cable Design: Ribbon Tube, Loose Tube, Tight Buffered, Central Core, and Others; Deployment: Underground, Underwater, Aerial, and Others; and End-use Industry: IT & Telecommunication, Energy & Power, Healthcare, Aerospace & Defense, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/fiber-optic-cable-market.html
Global Fiber Optic Cables Market: Key Driving Factors and Promising Avenues
A wide range of networks use fiber optic cables, such as gigabit Ethernet, fiber distributed data interface, asynchronous transfer mode, and synchronous optical networking. Some of the end-use industry-driven trends that expected to shape the contours of the fiber optic cables market from 2020 to 2030 are mentioned as follows:
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Global Fiber Optic Cables Market: Regional Assessment
Among the various regions, Asia Pacific held the top share in 2019 in the fiber optic cables market. The regional market has witnessed a notable rise in production of fiber optic networks to support advanced networking technology for use in several industries. Both India and China will key to the revenues in the regional market. Meanwhile, the Middle East and Africa is expected to rise at moderate growth, fueled on the back of industry collaborations in the developing economies of the region.
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Global Fiber Optic Cables Market: Key Impediments
The fiber optic cables market witnesses considerable snags from large-scale deployment. The lack of industry standards has constrained the demand for fiber optic cables, even in developed countries, such as in the U.S. The incompatibility also has kept the deployment slow among businesses in various end-use industries.
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Global Fiber Optic Cable Market: Segmentation
Fiber Optic Cable Market, by Fiber Type
Fiber Optic Cable Market, by Cable Design
Fiber Optic Cable Market, by Deployment
Fiber Optic Cable Market, by End-use Industry
Fiber Optic Cable Market, by Region
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