Global Optical Cable Market Insights Forecasts to 2033.

• The Global Optical Cable Market Size was Valued at USD 12.18 Billion in 2023.
• The Market Size is Growing at a CAGR of 8.33% from 2023 to 2033.
• The Worldwide Optical Cable Market Size is Expected to Reach USD 27.12 Billion by 2033.
• North America is Expected to Grow the fastest during the forecast period.

The Global Optical Cable Market Size is Anticipated to Exceed USD 27.12 Billion by 2033, Growing at a CAGR of 8.33% from 2023 to 2033.

Market Overview

An assembly that resembles an electrical cable but has several optical fibers that are utilized to convey light is called an optical cable, often referred to as an optical fiber cable. Usually, each optical fiber element is covered with a layer of plastic and housed in a protective tube that is appropriate for the environment in which the cable is used. Moreover, for optical communication, several cable types are utilized for various purposes, such as long-distance telephones or establishing a fast data connection between various areas of a structure. Furthermore, the rapid spread of Internet of Things (IoT) devices and the spike in consumer data demand are expected to propel the development of the optical fiber network. Additionally, the governments of several nations have made large investments in the deployment of optical fiber, which has created profitable chances for the global optical cable market's growth. Furthermore, fiber optic cable's widespread application in several end-use sectors will drive the global optical cable market's expansion. The extended reach and higher bandwidth connections of fiber optic cable are expected to have a significant effect on the global optical cable market's growth structure.

Report Coverage

This research report categorizes the market for the global optical cable market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global optical cable market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global optical cable market.

Driving Factors

The growing global adoption of fiber optic technology is one of the main drivers driving the growth of the optical cable industry. The industry is positively impacted by the growing healthcare sector and the growing preference for high-bandwidth communication. Additionally, the industry is growing more rapidly due to an increase in government investment in the construction of telecommunications infrastructure. The government is spending money on research to improve and broaden the scope of solicitations. Additionally, growing consumer knowledge of technology's advantages drive the global optical cable market's expansion.

Restraining Factors

The market is predicted to be hampered because of high investment costs, the adoption of wireless broadband, and other technologies. Additionally, it is anticipated that the need for new infrastructure would present obstacles for the global optical cable market.

Market Segmentation

The Global Optical Cable Market share is classified into fiber type, cable type, end-user

• The glass segment is expected to hold the largest share of the global optical cable market during the forecast period.   

Based on the fiber type, the global optical cable market is divided into glass and plastic. Among these, the glass segment is expected to hold the largest share of the global optical cable market during the forecast period. This is anticipated because glass optical fibers allow more light rays to enter the system due to their larger numeric apertures than plastic optical fibers. Their range is much greater, spanning from 200 to 2200 nm. The market for fiber optic cables is expanding due in large part to glass fiber optics' remarkable performance in harsh environments with extreme temperatures and corrosive substances, as well as its capacity to transmit both visible and infrared light.

• The single-mode segment is expected to hold a significant share of the global optical cable market during the forecast period.    

Based on the cable type, the global optical cable market is divided into single-mode and multi-mode. Among these, the single-mode segment is expected to hold a significant share of the global optical cable market during the forecast period. Compared to multi-mode fibers, single-mode fiber optic cables are capable of carrying signals over larger distances and at considerably faster speeds. Single-mode fiber optic cables are widely used because long-distance transmission applications are driving up demand for them. Telecom businesses usually use single-mode fibers for high-bandwidth and long-distance applications.

• The telecom and networking segment is expected to grow at the greatest pace in the global optical cable market during the forecast period.

Based on the end-user, the global optical cable market is divided into telecom and networking, industrial automation, medical, defense, and others. Among these, the telecom and networking segment is expected to grow at the greatest pace in the global optical cable market during the forecast period. This is because high-speed data transfer services for both short- and long-distance communications are made possible by optical cable. The need for fiber optic installations is increasing due to the increased popularity of cloud-based applications, audio-video services, and video-on-demand (VoD) services. Additionally, optical communications made it possible to build communications networks with significantly reduced transmission medium loss and over considerably longer distances.

Regional Segment Analysis of the Global Optical Cable Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global optical cable market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global optical cable market over the predicted timeframe. The country with the largest demand for optical fiber cables was China. Fiber has been installed by Chinese telecom carriers in practically every type of telecom application, including mobile cellular systems and intra- and intercity networks. Fiber optic technologies are being adopted by Chinese government agencies and businesses for use in pipelines, highways, trains, airports, data centers, and the electrical grid, among other applications. In addition, China and other Asian nations' need for fiber is anticipated to rise in the upcoming years due to the introduction of 5G.

North America is expected to grow at the fastest pace in the global optical cable market during the forecast period. This is a result of the rising demand for data transfer and high-speed internet. With numerous telecommunications and technology companies investing in fiber optic networks, the United States is one of the greatest users of fiber optic technology. The region's economy is also growing as a result of the growing use of fiber optics in a variety of end-user sectors, including healthcare and defense. The need for fiber optics in North America will increase due to the emergence of smart cities and the growing uptake of IoT technology. In addition, the business is expanding as a result of government programs to upgrade communications infrastructure and the growing need for data centers' computational power.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global optical cable along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• General Cable Corporation
• Corning Inc.
• Finisar
• Leoni AG
• Sumitomo Electronics Industries (SEI)
• Ls Cable & System
• Furukawa Electric
• AFL Global
• Finolex Prysmian Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2023, the first optical cables with environmental certification were introduced by Prysmian Group. The goal of the ECO CABLE products is to satisfy the telecom industry's and all of its stakeholders' growing demand for sustainability.

• In September 2022, A new optical fiber manufacturing plant was established by Corning Incorporated in Mszczonów, Poland, in response to the increasing need for high-speed connection in the European Union and neighboring regions. Driven by robust client commitments and increasing demand, Corning has invested over US$ 500 million in fiber and cable manufacturing globally since 2020, with this facility being one of the largest optical fiber operations in the European Union.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Optical Cable Market based on the below-mentioned segments: 

Global Optical Cable Market, By Fiber Type

• Glass
• Plastic

Global Optical Cable Market, By Cable Type

• Single-mode
• Multi-mode

Global Optical Cable Market, By End-User

• Telecom and Networking
• Industrial Automation
• Medical
• Defense
• Others

Global Optical Cable Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa