Fiber-Optic Cable Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Gaining speed: Growing demand for smartphones and fast internet are expected to support revenue growth

Fiber optic cable manufacturers produce silica- or plastic-based cables that transmit data via fast-traveling pulses of light. The industry has benefited from the proliferation of Internet of Things (IoT)-connected devices and the rise in demand for high-speed internet from households and businesses over the past several decades. Telecommunications companies have invested substantially to improve their digital infrastructures and give customers greater advantages in terms of speed, reliability and cost-savings. Industry revenue is estimated to increase at a CAGR of 0.9% to $3.6 billion over the five years to 2023 despite having come under tremendous economic pressure during the COVID-19 pandemic. This includes an increase of 0.7% in 2023 alone as global macroeconomic activity continues to recover from the ongoing global health crisis.

This industry manufactures optical-fiber cables. These cables are usually silica- or plastic-based with silica fiber-optic cables extending long distances. Fiber-optic cables are used by communications and telecommunications providers to transmit data. Optical-fiber cables are gaining popularity because of their transfer speed and immunity to electromagnetic interference.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.