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Fiber Optic Cable Market Share

  • Report ID: GMI10612
  • Published Date: Aug 2024
  • Report Format: PDF

Fiber Optic Cable Market Share

Corning Incorporated & Sumitomo Electric Industries Ltd hold a significant share in the market. Corning Incorporated holds a significant share in the fiber optic cable industry due to its long-standing history of innovation and leadership in materials science and optical communications. Corning is widely recognized for its invention of low-loss optical fiber, which revolutionized the telecommunications industry. The company's extensive research and development efforts have led to numerous advancements in fiber optic technology, such as bend-insensitive fibers and high-capacity fiber solutions. Corning’s comprehensive product portfolio includes a wide range of fiber optic cables that cater to various applications, from long-haul communications to data centers and FTTH (Fiber to the Home) deployments. Their commitment to quality and performance ensures that their products meet the rigorous demands of modern communication networks. Additionally, Corning's global manufacturing and distribution capabilities enable them to efficiently supply fiber optic cables to customers worldwide, further solidifying their dominant position in the market.
 

Sumitomo Electric Industries Ltd holds a significant share in the fiber optic cable market due to its expertise in advanced materials and precision manufacturing. As one of the world's leading producers of optical fiber and cable, Sumitomo Electric has developed a reputation for high-quality, reliable products that support various telecommunication infrastructures. The company's innovations in fiber optic technology include the development of ultra-low-loss fibers, high-density cables, and advanced splicing and installation solutions. Sumitomo Electric's strong focus on research and development allows it to continually introduce cutting-edge products that meet the evolving needs of the industry. The company's extensive global presence, with manufacturing facilities and sales networks in key regions, ensures timely delivery and support for its products. Sumitomo Electric’s ability to provide comprehensive fiber optic solutions, from raw fiber production to complete cabling systems, enables them to maintain a significant market share and meet the demands of diverse applications across the telecommunications sector.
 

Fiber Optic Cable Market Companies

Major players operating in the fiber optic cable industry are:

  • Corning Incorporated 
  • Sumitomo Electric Industries Ltd
  • Prysmian Group
  • Furukawa Electric
  • CommScope Holding Company Inc.
  • Fujikura Ltd.
  • Yangtze Optical Fiber and Cable Joint Stock Ltd Co.
Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The industry size for fiber optic cable was valued at USD 11.9 billion in 2023 and will witness over 9% CAGR between 2024 and 2032 due to the rising need for high-speed internet and data transmission.

The industrial end-user industry segment in the fiber optic cable market is expected to register 10% CAGR up to 2032 owing to higher usage in automation, control systems, and monitoring in manufacturing.

The market from the single-mode fiber segment will reach a revenue of over USD 14 billion by 2032 attributed to extensive use in applications, such as intercity and transoceanic networks, data centers, and high-speed internet services.

Asia-Pacific industry held over 35% share in 2023, driven by significant investments in telecommunications infrastructure and a booming digital economy.

Fiber Optic Cable Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 218
  • Countries covered: 20
  • Pages: 210
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