Global Fiber Optic Cable Assembly Market Analysis Highlights Future Growth at 7.9% CAGR in the Coming Years


Published on : Jul 20, 2018

Albany, New York, July 20, 2018:  Market Research Hub (MRH) has included a new research study titled “Global Fiber Optic Cable Assembly Market by Manufacturers, Countries, Type and Application, Forecast to 2023”, to its vast online repository. This assessment talks about the fiber optic cable assembly market, with in-depth knowledge about its current & forecasted status until 2023. Furthermore, readers can access a precise market outlook based on prime regions, countries as well as product types. Moreover, the top players functioning in the global market for fiber optic cable assembly are also examined in this smart analysis.

As per research findings, the most prominent factor motivating growth in the fiber optic cables market is the swelling internet traffic all around the globe. With cumulative proliferation of mobile devices, the count of internet users is on a significant rise since the past few years. Furthermore, rising expenditure on network infrastructure development is spotted as another prominent factor pushing the need for fiber optic cables. This intelligent research report states that, the global fiber optic cable assembly market is expected to acquire 1700 million USD (revenue) by 2023-end, after rising from 1080 million USD in 2017. At this pace, the concerned market is likely to grow at a CAGR of 7.9% during the forecast period.

Geographically, the prime regions studied in the report are North America, Asia Pacific, Europe, South America and Middle East & Africa. Among these, the Asia-Pacific market is expected to occupy additional market share in the coming years. This advancement can be credited to the noticeable advantages of fiber optic cables which has led to the replacement of copper cables and other metal wires. On the basis of type, the global fiber optic cable assembly market is divided into single-mode fiber optic cable and multi- mode fiber optic cable. Based on applications, the research report focuses on telecom/datacom, CATV and broadcasting, power and new energy, healthcare, military/aerospace and others.

The final section of the report discusses the major manufacturers which are active in the fiber optic cable assembly market. This research carefully examines the business overview of manufacturers like Corning, Prysmian, CommScope, Belden, OFSFurukawa, General Cable, Fujikura, Nexans, Sumitomo, 3M, HUBER + SUHNER, LS cable, Huawei, Huihong Technologies Limited, Amphenol, Sumitomo Electric, Delphi, Nexans Cabling solutions and Molex. Furthermore, aspects such as revenue, gross margin and market share for each of the players is enclosed in this report.

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