Single-Mode Fiber Cable Global Market Report 2024

The single-mode fiber cable market size has grown strongly in recent years. It will grow from $66.88 billion in 2023 to $71.95 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth observed during the historical period can be attributed to several factors, including the expansion of telecommunications networks, the increasing reach of the internet, the deployment of fiber to the home (FTTH) infrastructure, the growing demand for data centers to support digital services, and the globalization of businesses that require reliable long-distance data transmission. These factors collectively drove the adoption and expansion of single-mode optical fiber in various applications.

The single-mode fiber cable market size is expected to see strong growth in the next few years. It will grow to $99.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be attributed to several factors, including the rollout of 5G networks and the increasing demand for high-speed connectivity in smart cities, the expansion of rural broadband to bridge the digital divide, the importance of network security and reliability, and the growing popularity of content streaming and online gaming. Key trends in this forecast period include the need for increased data capacity to support these emerging applications, the development of flexible and bend-insensitive optical fibers to enhance installation flexibility, the use of digital twin technology for better network management, and cable miniaturization for space-efficient installations. Additionally, passive optical networks (PONs) are expected to play a significant role in enabling efficient optical communication.

The increasing demand for higher bandwidth and faster internet connections is poised to drive the growth of the single-mode fiber optic cable market. The surge in demand for high bandwidth, driven by both individuals and enterprises, is a result of increased internet usage for activities such as video calls, gaming, online shopping, and social media. Fiber optic cables, relying on light to transmit data rather than electricity, have the capacity to accelerate internet connections, making them capable of handling higher bandwidth. For example, 4K Ultra High Definition (UHD) TVs in households consume approximately 15-18 Mbps of data, three times more than standard HD TVs. It's estimated that by 2022, around 62% of connected flat panel TVs will be 4K, highlighting the focus on increased demand for higher bandwidth due to rising video consumption. Thus, the growing demand for faster internet connections and higher bandwidth is a driving force behind the single-mode fiber optic cable market's growth.

The primary cable types of single-mode fiber optic cables include quartz optical fiber cables, multi-component glass fiber cables, plastic optical fiber cables, and others. Single-mode fiber optic cables are available in various specifications, such as G.652, G.653, G.654, G.655, G.656, and G.657. Quartz optical fiber cables are crafted from natural quartz crystals with high purity, created by softening quartz rods using an oxyhydrogen flame and then forming filaments from these rods. These cables are employed in a wide range of applications, including telecommunications and networking, data centers, community antenna television, factory automation and industrial networking, military applications, and more.

The single-mode fiber optic cable market research report is one of a series of new reports that provides single-mode fiber optic cable market statistics, including single-mode fiber optic cable industry global market size, regional shares, competitors with a single-mode fiber optic cable market share, detailed single-mode fiber optic cable market segments, market trends and opportunities, and any further data you may need to thrive in the single-mode fiber optic cable industry. This single-mode fiber optic 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.

The increasing adoption of 5G technology is expected to propel the growth of the single-mode fiber cable market in the coming years. 5G, the fifth generation of cellular network technology, is designed to provide faster download and upload speeds, lower latency, and increased capacity. Single-mode fiber cables play a crucial role in 5G networks as they provide the high-speed, low-latency, and reliable connectivity required for the next generation of wireless technology. For instance, from the end of 2021 to the end of 2022, global 5G wireless network connections saw a 76% increase, reaching 1.05 billion, according to 5G Americas, a US-based trade association representing major telecommunications firms and providers. Therefore, the increasing adoption of 5G technology is a significant driver of the single-mode fiber cable market.

The widespread adoption of wireless communication systems is anticipated to restrain the growth of the single-mode fiber optic cable market. The demand for wireless services has surged in recent years, with the advent of technologies like the Internet of Things (IoT) leading to increased reliance on wireless communication systems. As per the Economic Times Bureau, the mobile industry's total contribution is expected to reach US$ 4.8 trillion, equivalent to 4.8% of global GDP in 2023. Furthermore, according to the International Telecommunication Union, a Switzerland-based United Nations agency, 73% of individuals aged 10 and above are expected to have access to a smartphone in 2022. This high usage of wireless communication systems is impeding the growth of the single-mode fiber optic cable market.

Technological advancements in fiber optic cables represent a key trend driving the growth of the single-mode fiber optic cable market. Wavelength Division Multiplexing (WDM) is a recent technological enhancement in fiber optic cables. WDM is a multiplexing technique that combines multiple optical carrier signals through a single optical fiber channel by varying the wavelengths of laser light. WDM enables bidirectional communication in fiber cables, allowing light signals from different optical fibers to be merged on a single fiber. In 2023, the Asia-Pacific region is expected to be the fastest-growing market for WDMs, with leading manufacturers and suppliers like ZG Technology and Optic Network Technology in China.

Major companies operating in the single-mode fiber cable market are actively pursuing strategic partnerships to better serve their existing customers. Strategic partnerships involve mutually beneficial collaborations between two or more organizations, working together to achieve a set of agreed-upon objectives while maintaining their independence. For instance, in March 2022, SENKO Advanced Components Inc., a Japan-based company specializing in fiber optic devices, announced a collaboration with Furukawa Electric Co., Ltd. on the SN-MT connection system. This collaboration aims to leverage their combined expertise in fiber optic technology and communication, providing innovative solutions to meet the growing demand for high-performance optical interconnect systems across various sectors.

In December 2021, Samtec, Inc., a US-based manufacturing company of fiber cable, connectors, optics, and RF systems, acquired Ultra Communications Inc., a US-based manufacturer of components for high-speed digital and RF fiber optics, and single-mode fiber cables, to enhance and expand its fiber optic product portfolio for mil/aero and harsh environment applications.

Major companies operating in the single-mode fiber cable market include Corning Incorporated, Fujikura Ltd., Sumitomo Electric Industries Ltd., Furukawa Electric Co. Ltd., Pirelli & C. S.p.A., Nexans S.A., Hengtong Cable Group, Futong Group, Tongding Group, CommScope Inc., LS Cable & System Ltd., FiberHome Technologies Group, Prysmian Group, Yangtze Optical Fiber and Cable Co. Ltd., Amphenol Corporation, Molex LLC, OFS Furukawa LLC, Belden Inc., Aptiv PLC, YOFC (Yangtze Optical Fiber and Cable Joint Stock Limited Company), HTGD (Hengtong Group Dalian Hengtong Optical Cable Co. Ltd.), Radiall, Shenzhen Tefa Touchplus Information Corp., Fasten Fiber Optics Co. Ltd. (FPC), Alcatel-Lucent (Nokia), Lynn Electronics Corporation, TE Connectivity Ltd., 3M Company, Sterlite Technologies Ltd., Huber + Suhner AG, OFS Fitel LLC, AFL, Accelink Technologies Co. Ltd., Finisar Corporation, ZTT Group, General Cable Corporation, Jiangsu Fasten Advanced Materials Co. Ltd., The Siemon Company, Shanghai Tarluz Telecom Tech. Co. Ltd., OptiTek Technology Co. Ltd., Fiber Instrument Sales Inc., Telenco Distribution, UNITEK Fiber Optic Systems Inc.

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

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

The single-mode fiber optic cable market consists of sales of quartz optical fiber cables, multi-component 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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