Fiber Optics Cable Market To Grow at CAGR of 12. 26% by 2024

Fiber Optics Cable Market To Grow at CAGR of 12. 26% by 2024

The Fiber Optics Cable Market Expected To Grow at CAGR of 12. 26% During the Forecast Period (2019 – 2024).

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Fiber optics is one of the methods of transmitting information that works by sending pulses of light through an optical fiber. The light transmitted then forms an electromagnetic carrier wave modulated to carry information. Optical fiber cable (OFC), especially for telecommunication companies, has become a preferred transmission medium catering to aggressive bandwidth demands. Furthermore, increasing cloud-based applications, audio-video services, and Video on Demand (VoD) services stimulate demand of fiber optic cable.

Further, technological advancements in the telecom sector have increased the deployment of broadband network architectures. Fiber to the Home (FTTH), Fiber to the Building (FTTB) is a few prominent broadband networking architectures that necessitate the large-scale deployment of fiber optic networks, driving demand for fiber optic cables.

Fiber Optic

The major benefit of fiber optic cable is the increased security option which cannot be tapped than the traditional copper cable is another major factor driving fiber optic cables market.

However, high costs and complex installation act as major restraining factors for fiber optic cables market.

Fiber optics is a major building block in the telecommunication infrastructure. With the explosion of information traffic due to the Internet, electronic commerce, computer networks, multimedia, voice, data, and video, the need for a transmission medium with the bandwidth capabilities for handling such vast amounts of information is paramount. Fiber optics, with its comparatively infinite bandwidth, has proven to be the solution.

Additionally, with the emergence of 5G, IoT & Big Data will rely heavily on real-time data collection and transfer. And because of fiber optics unlimited bandwidth potential, fiber optics cable is chosen to support these bandwidth levels.

Further, to achieve expected performance levels for 5G networks, more small cells (or nodes) and mobile edge computing will be needed to eliminate network bottlenecks. These small-cell deployments often utilize the millimeter wave spectrum, relying heavily on fiber cabled connections for the backhaul portion of the network.

The launch of 5G will bring enhanced capacity and lower latency straight to networks. Fiber optics cable is the preferred option for 5G because of its scalability, security, and ability to handle the vast amount of backhaul traffic being generated. This in return will create a huge market opportunity for the fiber optic cable market in IT and Telecom.

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