Fibre Optic Cable empowers data transmission, attributed to this, augmented adoption of cloud computing, data transfer & storage, and IoT is fuelling the extended use of Internet, eventually fostering the market growth of Fibre Optics market.The Global Fibre Optic Cable Market is growing with the rapid pace mainly due to the burgeoning adoption of Internet. According to a recent study report published by the Market Research Future, The global market of Fibre Optic Cable is booming and expected to gain prominence over the forecast period. The global Fibre Optic Cable market is estimated to accrue enormously by 2027 with a striking CAGR during 2016 and 2027.
Fibre Optic Cable market is mainly driven by the demand for high speed internet around the world as the traditional wires are not able to meet the expectation. Fibre Optic Cable is mainly used for the transfer and exchange of data’s digitally. Growing countries which are adopting the new technology for high speed internet is creating huge demand for the Fibre Optic Cable. Major opportunities in the market are the advances in technologies leading to an increase in the data transmission rate and factors & trends defining the telecommunications industry across the globe. Adoption of Internet attributes to the several factors including increase in the number of connected devices in homes, increase in the demand for Over-The-Top or OTT video content, and the increasing Internet access. All these factors have led to an increase in Internet users, which in turn has led to the higher usage of Fibre Optic Cable to transfer information over the Internet.
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Major Key Players
Alcatel-Lucent SA (France),
Amphenol Corporation (U.S.),
Avago Technologies (U.S.),
Ciena corporation (U.S.),
Corning optical communications (U.S.),
Diamond SA (Switzerland),
EMCORE corporation (U.S.),
Sterlite Technologies Limited (India),
Fujikura Limited (Japan),
Prysmian Spa (Italy)
On October 11, 2017, Bell Canada, a telecommunications company announced an investment of $50 million in Sarnia to bring fibre optic cable to 20,000 homes. Fibre optic cables will provide “world class” Internet and “rock solid” reliability. Commercial customers with better phone and TV service and gigabit-Internet speeds 200 times that of existing ones.
On October 31, 2017, NTT Com announced that it will be building an Asia-Pacific submarine cable system with 14,000 kilometres long fibre-optic cable, connecting the United States, Japan, and the Philippines in partnership with Facebook, Amazon, SoftBank, PLDT, and PCCW Global. According to the consortium, the Jupiter subsea cable has an initial design capacity of 60Tbps that can be improved in future.
Jupiter will be a 400Gbps wavelength-division multiplex (WDM) transmission system, with submersible reconfigurable optical add-drop multiplexer (ROADM) and wavelength selective switch (WSS), which the consortium said will make it the fastest cable system connecting Japan with the US.
Google Fiber, Verizon FIOS, AT&T Fiber, and others are fibre-optic broadband lines that supply hundreds of megabits, and in some places even a gigabit, per second to your home. Fiber-optic cables are also becoming the backbone of the Internet itself. Facebook and Microsoft, for example, just finished laying MAREA, a trans-Atlantic cable with a bundle of eight fibre-optic threads that together can transmit up to 160 terabits per second.
Global Fibre Optic Cable Market can be segmented as follows:
Segmentation by Type: Single mode and multi-mode among others.
Segmentation by Components: Connectors, amplifiers, couplers, transmitter and receivers among others.
Segmentation by Application: Telecommunication, oil & gas, aerospace & defence, and data network, utilities among others.
The report for Fibre Optic Cable market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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