What's the future look like for the fibre optic cable market? According to two new professional reports, the market looks promising to say the least.
Ask ten people what the single most important factor is when choosing an Internet service and most will probably agree: it's speed. Faster connections allow you to download movies in less time, stream video without interruption, and play video games online with minimal lag.
While there are dozens of different Internet connection types available, one of the fastest and most popular is fibre optics cable. This special type of cable contains multiple strands of glass or plastic fibres that are bundled together for the purpose of transmitting data. It has several advantages over traditional methods, such as a higher bandwidth; greater protection from interference; thinner design; and data can be transmitted digitally instead of using slower analogue signals.
Fiber optics is a particularly popular technology for local-area networks. Also, telephone companies are steadily replacing traditional telephone lines with fiber optic cables. In the future, almost all communications will employ fiber optics.
The Fibre Optic Cable Market Research … Forecast to 2027 report by Market Research Future is a comprehensive report on the world's fibre optics cable market. It features 110 professionally researched and written pages, revealing cost structure, market growth, investment feasibility, key vendors and more. According to the report, the market is expected to grow rapidly due to the increasing demand for high-bandwidth services, as well as growing investment in telecommunications, growing advancements of fibre optics technology, and a growing demand for 3G/4G technology.
Some of the prominent fibre optic cable vendors profiled in this report include Alcatel-Lucent SA, Amphenol Corporation, Avago Technologies, Ciena corporation, Corning optical communications, Diamond SA, EMCORE corporation, Sterlite Technologies Limited, Fujikura Limited, and Prysmian Spa.
According to the Fiber Optics Market by Application…Forecasts to 2019 report by RNR Market Research, the fibre optics market is expected to grow at a compound annual growth rate (CAGR) of 5.9% to reach $3.0 billion by 2019. This report cites telecommunications and broadband Internet services as being the largest driving factor for the market. However, oil and gas applications are also driving the global fibre optic cable market. The oil and gas segment, for instance, is expected to grow at a CAGR of 4.2% through 2019.
So, which regions will experience the strongest growth in the fibre optics cable market? The RNR Market Research report claims that market will grow the fastest in China, India and other Asia-Pacific countries.
For more information: