PUBLISHER: The Business Research Company | PRODUCT CODE: 1217071
PUBLISHER: The Business Research Company | PRODUCT CODE: 1217071
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“Multimode-Fiber Cable Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on multimode-fiber cable market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for multimode-fiber cable ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The multimode-fiber cable market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Companies Mentioned: Corning; TE Connectivity; CommScope; 3M; Fujikura
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Major players in the multimode fiber optic cable market are: Corning, TE Connectivity, CommScope, 3M, Fujikura, Amphenol, Molex, Prysmian, OFS Furukawa, Belden, and Sumitomo.
The global multimode-fiber cable market will grow from $11.17 billion in 2022 to $11.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The multimode-fiber cable market is expected to grow to $13.78 billion in 2027 at a CAGR of 3.7%.
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 multimode fiber cable is an optical fiber cable, which is designed to carry multiple light rays simultaneously with a slightly different reflection angle. Multimode fiber cable can be used for short distances as the modes disperse over longer lengths. It is used in various industries such as telecom, broadcasting, military/aerospace, healthcare, and power.
Asia Pacific was the largest region in the multimode fiber optic cable market in 2022. North America was the second-largest region in the multimode fiber optic cable market. The regions covered in the multimode fiber optic cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main product types of multimode fiber optic cable are step-index fiber and gradient type. Step-index fiber is a cylindrical waveguide core with an inner core that has a uniform refractive index of n1 and an outer cladding that has a uniform refractive index of n2. The materials used are plastics optical fiber and glass optical fiber for the making of single-mode cable and multi-mode cable. The various applications include IT and telecom, government, energy, automotive, industries and others.
Rising demand for higher bandwidth and faster speed connections will enhance the growth of the multi-mode fiber cable market. There is a surge for high bandwidth from enterprises and individuals due to increased use of the internet for video calls, gaming, online shopping, and social media. Fiber optic cable depends on light to transmit data instead of electricity so that it can speed up the internet connections that are capable of handling higher bandwidth. For example, 4K Ultra High Definition (UHD) TV at homes consumes approximately 15-18 Mbps of data which is three times more than the plain HD TV. By 2022, it is estimated that about 62% of connected flat panel TV sets will be 4K. This focus on increasing demand for higher bandwidth increasing video consumption. Thus, rising demand for faster speed connections and higher bandwidth is driving the multi-mode fiber cable market's growth.
Limitations in both speed and distance is a major challenge faced in the multimode fiber cable market. Multimode fiber cable maximum speed is 10GB, but only up to a distance of 300 meters. It can only transmit at 100Mbit for up to 2 Km. For example, a typical step-index multimode fiber with 50 micrometers can be limited to 20 MHz for 1km length. Therefore, limitations in both speed and distance hinder the growth of the multimode fiber cable market.
The technological advancement in the fiber optic cable act as a key trend driving the growth of the multi-mode fiber cable market. Wavelength division multiplexing (WDM) is the recent technological improvement in the fiber cables. Wavelength division multiplexing is a technique of multiplexing the number of optical carrier signals through a single optical fiber channel by varying the wavelengths of laser lights. WDM allows communication in all directions in fiber cable. WDMs are used on a single optical fiber to blend light signals coming from different optical fibers. This is attained by using a coupler at the WDM input. In 2023, Asia-pacific is expected to be the fastest growing market for WDMs and multiple companies in China such as ZG Technology, Optic Network Technology, are the leading manufacturers and suppliers of WDMs.
In July 2020, Leviton, an American manufacturer of electrical wiring equipment acquired Berk-Tek from Nexans for $202 million. Through this acquisition Berk-Tek can further streamline processes, ordering, and enhance the service and support that offers to customers as well as the channel partners. Berk-Tek, a North American cabling company with exceptional manufacturing and product development capabilities.
The countries covered in the multimode fiber optic cable market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The multimode fiber optic cable market research report is one of a series of new reports from The Business Research Company that provides multimode fiber optic cable market statistics, including multimode fiber optic cable industry global market size, regional shares, competitors with a multimode fiber optic cable market share, detailed multimode fiber optic cable market segments, market trends and opportunities, and any further data you may need to thrive in the multimode fiber optic cable industry. This multimode 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.