Global Fiber Optic Cables Market is Estimated to Reach $7 Billion by 2025
Global Fiber Optic Cables Market report published by Accurize Market Research forecast that the global market is expected to reach $7 billion by 2025; growing at a CAGR of 7.2% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Technological progress in the field of data communication and increasing opportunities in the healthcare sector to drive the growth of the market
Technological progress in the field of data communication and increasing opportunities in the healthcare sector fuel the demand for the global fiber optic cable market. Furthermore, the integration of fiber optic cables with IT industry also boosts the growth of the market.
The global fiber optic cables market has been bifurcated on the basis of cable type, optical fiber type, application, and geography. The cable type segment is further segmented into single mode cable and multi-mode cable. Optical fiber type segment can be bifurcated into glass optical fiber and plastic optical fiber. Furthermore, the application segment includes communications and non-communications. Communication is bifurcated into telecom, premises, utility, CATV, military, industrial, security, and metropolitan. Non-communication application is further segmented into sensors and fiber optic lighting.
By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Mexico, and Canada are covered under North America wherein Europe covers U.K, Germany, France, Italy, Spain, Russia, and others. Asia-Pacific covers China, India, Japan, Indonesia, Australia, Malaysia, and others. RoW covers South America, the Middle East, and Africa.
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