Multimode-Fiber Cable Global Market Report 2024

The multimode-fiber cable market size has grown rapidly in recent years. It will grow from $11.68 billion in 2023 to $12.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth observed during the historical period can be attributed to the proliferation of local area networks (LANs), advancements in telecommunications infrastructure, the expansion of data center facilities, the deployment of fiber to the desk (FTTD) solutions, and the development of campus networks.

The multimode-fiber cable market size is expected to see marginal growth in the next few years. It will grow to $12.95 billion in 2028 at a compound annual growth rate (CAGR) of 0.1%. The anticipated growth in the forecast period can be attributed to several key factors, including the expansion of 5G and IoT networks, the proliferation of smart buildings, the adoption of edge computing, the increased demand for video streaming and high-definition content, and the deployment of private 5G networks. Notable trends expected in the forecast period encompass the widespread use of high-speed transceivers, the adoption of optical fiber MPO/MTP connectors, the utilization of OM5 multimode fiber, the enhancement of data center interconnectivity, and the application of multimode fiber for 400G and beyond solutions.

Increased demand for greater bandwidth and swifter internet connections is set to drive the growth of the multimode-fiber cable market. The upsurge in demand for higher bandwidth stems from enterprises and individuals, primarily due to the escalating use of the internet for activities such as video calls, gaming, online shopping, and social media. Fiber optic cables, leveraging light instead of electricity to transmit data, are instrumental in accelerating internet connections capable of managing larger bandwidth. For instance, the adoption of 4K Ultra High Definition (UHD) TVs at residences requires substantially more data - approximately 15-18 Mbps, three times that of standard HD TVs. Projections for 2022 estimate that roughly 62% of connected flat panel TV sets will be 4K, signaling a significant surge in demand for higher bandwidth and heightened video consumption. Hence, the escalating need for faster internet speeds and expanded bandwidth propels the growth of the multimode-fiber cable market.

The primary product types of multimode fiber optic cables are step-index fiber and gradient type. Step-index fiber consists of a cylindrical waveguide core with an inner core featuring a uniform refractive index of n1 and an outer cladding with a uniform refractive index of n2. These cables can be constructed using materials such as plastic optical fiber and glass optical fiber to create both single-mode and multi-mode cable options. These cables have a wide range of applications, serving IT and telecom, government, energy, automotive, and various other industries.

The multimode-fiber optic cable market research report is one of a series of new reports that provides multimode-fiber cable market statistics, including multimode-fiber cable industry global market size, regional shares, competitors with a multimode-fiber cable market share, detailed multimode-fiber cable market segments, market trends and opportunities, and any further data you may need to thrive in the multimode-fiber cable industry. This multimode-fiber cable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Anticipated growth in the multimode-fiber cable market is attributed to the increasing integration of IoT devices. The Internet of Things (IoT) involves an extensive network of physical devices, vehicles, buildings, and similar objects embedded with sensors, software, and connectivity to gather and exchange data via the internet. With data centers as the core for processing and storing vast amounts of data from IoT devices, the use of multimode fiber cables within these centers is essential. These cables facilitate high-speed, low-latency connections between servers, switches, and storage systems, crucial for efficiently handling the substantial data generated by IoT devices. Citing data from August 2022 by Akamai Technologies Inc., the estimated rise in IoT connections from 15.1 billion in 2021 to 23.3 billion in 2025 underscores the role of growing IoT adoption in propelling the multimode-fiber cable market.

A primary challenge faced within the multimode-fiber cable market revolves around limitations in both speed and distance. Multimode fiber cables possess a maximum speed of 10GB, but only up to a distance of 300 meters. Moreover, they can transmit at 100Mbit for up to 2 Km. For instance, a standard step-index multimode fiber with a diameter of 50 micrometers may be restricted to 20 MHz for a length of 1km. Consequently, these speed and distance limitations act as impediments to the growth of the multimode-fiber cable market.

The advancement of technology within the fiber optic cable industry is a prominent trend fueling the growth of the multimode-fiber cable market. A noteworthy technological development is the introduction of Wavelength Division Multiplexing (WDM) in fiber cables. Wavelength Division Multiplexing is a technique that enables the multiplexing of a multitude of optical carrier signals through a single optical fiber channel by varying the wavelengths of laser lights. WDM holds the capability to facilitate bidirectional communication within fiber cables, allowing for communication in all directions. In practice, WDMs are applied to a single optical fiber to combine light signals originating from different optical fibers. This is accomplished through the use of a coupler at the input of the WDM. In 2023, the Asia-Pacific region is anticipated to emerge as the fastest-growing market for WDMs, with several Chinese companies like ZG Technology and Optic Network Technology leading as prominent manufacturers and suppliers of WDMs.

Leading companies in the multimode-fiber cable market are actively innovating with new technologies, such as the adoption of gel-free, dry buffer tube technology, to enhance their market competitiveness and profitability. Gel-free, dry buffer tube technology involves a specialized water-blocking adhesive used in fiber optic cables to effectively absorb any moisture that the cable might encounter. In a significant development, AFL Telecommunications LLC, a U.S.-based telecommunications equipment company, introduced this gel-free, dry buffer tube technology in September 2023. This technology eliminates the need for buffer tubes filled with gel by efficiently absorbing any moisture the cable may come into contact with. In addition, this dry buffer tube approach is designed to streamline installation processes by omitting the requirement for support or messenger wires, making it cost-effective and straightforward.

In May 2022, Clearfield Inc., a U.S.-based company specializing in connectivity product manufacturing, completed the acquisition of Nestor Cables Ltd for an undisclosed amount. This strategic acquisition positions Clearfield to expand its supply capacity, fostering fiber optic production activities across Europe. The acquisition underscores Clearfield's commitment to providing cutting-edge solutions to its clientele, utilizing new technologies to elevate the quality and efficiency of its product offerings. Nestor Cables Ltd., a telecommunications service company based in Finland, plays a crucial role in this expansion and technological advancement effort.

Major companies operating in the multimode-fiber cable market include Corning Incorporated, TE Connectivity Ltd., CommScope Inc., 3M Company, Fujikura Ltd., Amphenol Corporation, Molex LLC, Prysmian Group, OFS Furukawa, Belden Inc., Sumitomo Electric Industries Ltd., HUBER+SUHNER AG, Nexans S.A., LS Cable & System Ltd., Aptiv PLC, Yangtze Optical Fibre and Cable Joint Stock Limited Company, HTGD (Hengtong Group Dalian Hengtong Optic-Electric Co. Ltd.), Radiall, AFL (AFL Telecommunications), Furukawa Electric Co. Ltd., Optical Cable Corporation, Berk-Tek (a Nexans company), Leviton Manufacturing Co. Inc., Panduit Corporation, Superior Essex Inc., Yangtze Optical Fibre and Cable Joint Stock Limited Company (Futong), Tongding, FiberHome Technologies Group, General Cable Technologies Corporation, Kaile Science & Technology Co. Ltd., Hengtong Group Co. Ltd., Infinera Corporation, Hindustan Cables Limited, Leoni AG, Panduit Corporation, Siemon Company, Sterlite Technologies Limited, Superior Essex Inc., Thorlabs Inc., Timbercon Inc., Transition Networks Inc., VIAVI Solutions Inc.

Asia-Pacific was the largest region in the multimode-fiber cable market in 2023. North America was the second-largest region in the multimode-fiber cable market. The regions covered in the multimode-fiber cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the multimode-fiber cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The multimode-fiber cable market consists of sales of glass fiber cables, plastic optical fiber cables, and other single-mode fiber cables. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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