High Data Speeds to Boost Global Fiber Optic Cable Market Valuation to USD 30.5 Billion by 2030

Fiber Optic Cable Market is predicted to reach USD 30.5 billion at a CAGR of 13.50% during the forecast period:

Market Research Future (MRFR) has published a cooked research report on the “Fiber Optic Cable Market” that contains information from 2018 to 2030. The Fiber Optic Cable Market is estimated to register a CAGR of 13.50% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Fiber Optic Cable Market — Hengtong (China), ZTT International Limited (India), Nexans S.A. (France), Fiber Home (China), TongDing Group Co. Ltd. (China), Belden (U.S.), SterliteTech (India), Futong (Hong Kong), Kaile Science and Technology Co Ltd. (China), CommScope Inc. (U.S.), and Corning Inc. (U.S.)

Market Highlights

The global Fiber Optic Cable Market is accounted to register a CAGR of 13.50% during the forecast period and is estimated to reach USD 30.5 billion by 2030.

the fiber optic cable market was experiencing significant growth due to the increasing demand for high-speed data transmission, internet connectivity, and advancements in telecommunications technology. Fiber optic cables are used to transmit data using light signals, providing faster and more reliable communication compared to traditional copper cables.

Segment Analysis

The global Fiber Optic Cable Market has been segmented based on Type, Application, and End-user.

The Fiber Optic Cable market segmentation based on type, includes single-mode fiber, multi-mode fiber and others. The single-mode Fiber Optic Cable segment held the majority share in 2022 contribution to around more than 50%in respect to the Fiber Optic Cable market revenue. High application for long-distance communication as well as growing application in data centres are some of the key drivers promoting the expansion of the single mode segment. According to a 2020 study, many businesses and data centres are converting to sing mode fibre optic cables due to the high transmission quality.

The Fiber Optic Cable market data has been bifurcated due to the growing use of fibre optics in data transfer services and communication, the industry has significant growth prospects in the years to come. Information may be transferred at great speeds in both long- and short-range communications thanks to the technology. Additionally, rising demand for cloud-based applications, audio-video services, and video-on-demand services encourages the market expansion of fibre optics in the telecom industry.

Based on End Users, the Fiber Optic Cable industry has been segmented into Information and communications technology (ICT), Banking and financial services (BFSI), Defense and aerospace, Industrial and others. Multispecialty hospitals held the largest segment share in 2021, owing to the rapid adoption of advanced Fiber Optic Cable surgery products, and the availability of skilled medical staff. Moreover, increasing government initiatives to improve the healthcare infrastructure, and the growing number. of Fiber Optic Cable surgeries such as minimally invasive spine surgery, and others segment is expected to bolster at a CAGR of 3.17% during the assessed timeline.

Regional Analysis

The global Fiber Optic Cable Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific dominates the optical fiber cable market because the rising usage of fibre optics in the IT and telecom sectors. Further, the major countries studied in the market reportare: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe Fiber Optic Cable market connector in telecom market is expected to gain significant growth in the forecast period of 2022. Further, the Germany Fiber Optic Cablemarketheld a significant market share, and the UK Fiber Optic Cable market was the fastest growing market in the European region

The North America Fiber Optic Cable Market is expected to grow Due rising demand for better connectivity and extensive 3G/4G service. Moreover, China Fiber Optic Cable Market held the largest market share, and the India Fiber Optic Cable market was the fastest growing market in the Asia-Pacific region.

For instance, India Fiber Optic Cable market is also growing at a very high pace due to the upcoming 5g network. This can transmit data more steadily and is faster than other forms, this recent development increases the demand for fiber optic cable market.

Key Findings of the Study

• The global Fiber Optic Cable Market is expected to reach USD 30.5 billion by 2030, at a CAGR of 13.50% during the forecast period.


• The North America Fiber Optic Cable Market is expected to grow Due rising demand for better connectivity and extensive 3G/4G service. Moreover, China Fiber Optic Cable Market held the largest market share, and the India Fiber Optic Cable market was the fastest growing market in the Asia-Pacific region.


• The Fiber Optic Cable market segmentation based on type, includes single-mode fiber, multi-mode fiber and others. The single-mode Fiber Optic Cable segment held the majority share in 2022 contribution to around more than 50%in respect to the Fiber Optic Cable market revenue.


• Hengtong (China), ZTT International Limited (India), Nexans S.A. (France), Fiber Home (China), TongDing Group Co. Ltd. (China), Belden (U.S.), SterliteTech (India), Futong (Hong Kong), Kaile Science and Technology Co Ltd. (China), CommScope Inc. (U.S.), and Corning Inc. (U.S.)