The global fiber optic cable assemblies market, according to the analysis of Market Research Future (MRFR) is estimated to acquire a significant market valuation of 4 Billion by 2023, at 7% of CAGR over the forecast period of 2017 and 2023.
Drivers and Restraints
The 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. The market is mainly driven by the global demand for high-speed internet connectivity. Emerging countries are generating a huge demand for fiber optic cable assemblies, adopting advanced technology for the high-speed internet. Developments in technologies are leading to an upsurge in the data transmission rate and therefore, are driving the growth of the telecommunications industry across the globe.
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The growth of internet connectivity backed by the rise in the number of connected devices at home and industries, rise in demand for over-the-top (OTT) video content, and the growing internet access is encouraging the market growth to an extent, leading to the higher utilization of fiber optic cable assemblies. Moreover, market penetration of data transfer & storage, cloud computing, and IoT is encouraging market growth of fiber optic cable assemblies, fuelling the use of the internet extensively.
Rising urbanization and number of business across the globe are generating the demand for larger data size and data transfer. Evidently, improving economic conditions globally is the key influential force driving market growth, enhancing the purchasing power of consumers, and enhancing their quality of life.
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
The global fiber optic cable assemblies market has been segmented on the basis of cable length, product types, mode types, end-users, and region. Based on the cable length, the market is bifurcated into custom and standard. Based on the mode types, the market has been segmented into single mode, multiple mode, and others. Based on the product type, the fiber optics cable assemblies market has been segmented into long length assemblies, high complex breakout assemblies, connected assemblies, fiber jumpers, and others. The end-users segment includes IT & telecommunication, automotive, industries, government & defense, and others.
Global Fiber Optic Cable Assemblies Market: Regional Analysis
The fiber optics cable assemblies market is segmented on the basis of the region such as Asia Pacific, North America, Europe and Rest of the World. North America accounts for the dominating region in the market, in terms of market share in the global fiber optic cable assemblies market, and is assessed to acquire a significant market valuation over the review period. This is attributed to its massive demand for enhanced bandwidth. The presence of major market players, constant funding for research and development activities, and early adoption of technological advancements are the major driving factors for the growth of the market over the review period. The European region has also been studied as one of the major regions in the fiber optic cable assemblies market and is poised to witness rapid growth in the forecast period. The developed countries such as Germany, France and the UK contribute towards the market share. The Asia Pacific has been assessed as the fastest-growing region for the fiber optics cable assemblies market and is expected to register a significant growth rate over the review period. The Asia-Pacific comprises of major developing regions such as China, Japan, and India which are emerging markets for fiber optic cable assemblies, owing to the rapid industrialization, developing industries, and increasing adoption of technological advancements.
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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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