Global Single-Mode Fiber Cable Market Trends And Strategies Of Major Players In The Single-Mode Fiber Cable Market 2021-2030

30 Sep, 2021

The single-mode fiber optic cable market consists of sales of single-mode fiber optic cables and related services that are used in various applications such as in data centers, community antenna televisions, military, telecommunication and networking, factory automation, and industrial networking. Single-mode optical fiber is an optical fiber designed to carry a single mode of light as a carrier that is used for long-distance signal transmission.

Global Single-Mode Fiber Cable Market Size And Drivers:

The global single-mode fiber cable market is expected to grow from $32.77 billion in 2020 to $40.59 billion in 2021 at a compound annual growth rate (CAGR) of 23.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $87.26 billion in 2025 at a CAGR of 21%. Rising demand for higher bandwidth and faster speed connections will enhance the growth of the single-mode fiber optic cable market.

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Trends In The Global Single-Mode Fiber Cable Market

The technological advancement in the fiber optic cable act as a key trend driving the growth of the single-mode fiber optic 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.

Global Single-Mode Fiber Cable Market Segments:
The global single-mode fiber cable market is further segmented –
By Type: Quartz Optical Fiber Cables, Multicomponent Glass Fiber Cables, Plastic Optical Fiber Cables, Others
By Application: Telecommunication and Networking, Data Centers, Community Antenna Television, Factory Automation and Industrial Networking, Military, Others
By Type: G.652, G.653, G.654, G.655, G.656 and G.657
By Geography: The global single-mode fiber cable market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Single-Mode Fiber Cable Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides single-mode fiber cable market overviews, analyzes and forecasts market size and growth for the global single-mode fiber cable market, single-mode fiber cable market share, single-mode fiber cable market players, single-mode fiber cable market segments and geographies, single-mode fiber cable market’s leading competitors’ revenues, profiles and market shares. The single-mode fiber cable market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.