The Fiber Optic Cable Assemblies market is growing pervasively, garnering huge traction on the global platform. Key factors substantiating the market growth include the extensive uptake of Fiber Optic Cable & its Assemblies by the leading space research laboratories such as NASA’s Goddard Space Flight Center (GSFC) and the Jet Propulsion Laboratory (JPL).
Of late, NASA’s laboratories are increasingly using fiber optic cable assemblies in the space for telemetry and command data transfer at GSFC and on New Millennium spacecraft through the use of the MIL-STD-1773 fiber optic bus. Simultaneously, increasing adoption of Fiber Optic Cable Assemblies in some of the burgeoning industries such as automotive and data management & telecommunications is defining the future landscape of the market.
Recognizing the kind of growth the market is witnessing currently, Market Research Future (MRFR) recently published a study report. In its study report, MRFR asserts that the global Fiber Optic Cable Assemblies Market will reach approximately 4 Billion USD by 2023, registering a CAGR over 7% during the review period (2017 – 2023).
The market is predominantly driven by the worldwide demand for the high-speed internet connectivity. Developing countries are creating a huge demand for the fiber optic cable assemblies, adopting the new technology for the high-speed internet. Advancements in technologies are leading to an increase in the data transmission rate and thus are defining the telecommunications industry across the globe.
The proliferation of internet connectivity backed by the increase in the number of connected devices at home and industries, increase in demand for over-the-top (OTT) video content, and the increasing internet access is supporting the market growth to an extent, leading to the higher usage of fiber optic cable assemblies. Furthermore, market penetration of cloud computing, data transfer & storage, and IoT is fostering the market growth of fiber optic cable assemblies, fuelling the use of internet extensively.
Growing urbanization and number of business worldwide are generating the demand for larger data size and data transfer. Evidently, improving economic conditions worldwide is the key driving force substantiating the market growth, improving the consumers’ purchasing power and enhancing their quality of life.
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Industry/ Innovation/ Related News:
June 28, 2018 – L-com Global Connectivity (US), a manufacturer of wired and wireless connectivity products, launched a series of fiber optic cable assemblies with MPO-style connectors designed to be used in the high-speed data centers and farms along with the Enterprise networks server. These assemblies can handle network throughput up to 100Gpbs (OM4) per fiber channel, including additional features such as low-smoke zero-halogen (LSZH) cable jackets and full compatibility with US Conec MTP products.
The prominent players in the global fiber optic cable assemblies market are – RF industries (U.S.), Finisar Corporation (U.S), Optec Technology Limited (Hong Kong), Fiber connection Inc. (Canada), TE Connectivity (Switzerland), Carlisle Companies Incorporated (U.S), Molex Incorporated (U.S), Amphenol Fiber Systems International (U.S), Delphi Automotive PLC (U.K) and among others.
Fiber Optic Cable Assemblies Market- Segmentations
For the convenience of understanding, MRFR has segmented the report into five key dynamics.
- By Cable Lengths: Comprises Standard and Custom among others.
- By Mode Types: Single-Mode and Multimode.
- By Product Types: Connectorized Assemblies, Long Length Assemblies, High Complex Breakout Assemblies, Fiber Jumpers and others.
- By End-Users: Automotive, IT & Telecommunication, Defence & Government, and Industries among others.
- By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
Fiber Optic Cable Assemblies Market- Geographical Analysis
North America accounts for the leading region in terms of market share in the global fiber optic cable assemblies market owing to its huge demand for improved bandwidth. The Europe fiber optic cable assemblies market is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific including growing markets in China, Japan and India is an emerging market for fiber optic cable assemblies market and expected to register a substantial CAGR during the review period.
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- Fiber optic cable assemblies companies
- Fiber optic cable assemblies providers
- Fiber optic cable assemblies distributors
- Research organizations
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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