Market Research Report
U.S. Fiber Optic Cables Market, By Types (Single and Multimode-Fiber Cables), by End-Use (Installers, Wholesalers and Manufacturers) - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025
|Published by||AnalystView Market Insights||Product code||874767|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|U.S. Fiber Optic Cables Market, By Types (Single and Multimode-Fiber Cables), by End-Use (Installers, Wholesalers and Manufacturers) - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025|
|Published: June 1, 2019||Content info: 100 Pages||
The U.S. Fiber optic cables market was valued at USD 2,480 million by 2017, growing with 5.7% CAGR during the forecast period, 2018-2025.
Fiber optic cables are used by communications and telecommunications providers to transmit data. These cables are used to transmit large volumes of data across long distances. This technology is often considered superior to internet providers, cable network services, and wired telecommunications. Fiber optic cables are generally plastic or silica based. These products are gaining popularity owing its strong immunity to electromagnetic field and better transfer speed compared to other products. Consumers are increasingly demanding high-speed internet which will strengthen this product demand significantly.
Increasing number of broadband connections in the U.S. will boost the industry growth to great extent. For instance, according to the Washington based non-profit organization, Pew Research Center, approximately nine-in-ten American adult use the internet. The organization also stated that the proportion of American young population with high-speed broadband service at home is increasing rapidly. On the flip side, despite of the strong demand for fiber-optic cable among the end-users, manufacturers have to contend with competition from international operators. The majority of imports come from low-wage countries such as Mexico and China. Adding to the domestic industry's trade imbalance.
In terms of types, the industry is categorized as;
Single-mode fiber cable accounted for the highest revenue share, over 50% in 2017. Single-mode fiber cables have narrow diameter, through which one narrow cable can be run. The single light-wave and small core virtually eliminates distortion which can result from overlapping light pulses, providing the least signal attenuation and the highest transmission speeds of any fiber cable type. Whereas, multimode-fiber cable is the second largest industry segment, growing with the promising growth rate during the study period.
In terms of end-users, the market is categorized as
Installers are the largest market in the industry, expected to account for over 50% of market revenue in 2017. As more homes and businesses required data connections, this industry segment's share is projected to increase considerably.
The industry has a medium level of concentration. The worldwide industry is concentrated among four-five major players, accounting for significant revenue share. Key players have global operations, established production facilities and distribution arrangements, internally developed and acquired technologies. AT&T's wireless services, for example, now offer fourth-generation (4G) cellular technology, which has peak speed requirements of one gigabyte of data transmission per second. AT&T has upgraded many of its cables to fiber optic to meet these peak speed requirements and market to their consumers that they offer 4G speeds on their networks.
The market size and forecast for each segment and sub-segments has been considered as below:
The scope of this report covers the market by its major segments, which include as follows: