Selbyville, Delaware, April 29, 2020 (GLOBE NEWSWIRE) -- Global 5G fiber optic cable market accrued a valuation at USD 1,468 million in 2019 and is estimated to reach USD 1,346 million, while depicting a CAGR of -8.3 per cent through 2020. Moreover, it has been predicted that the market size of silicon photonic would surpass a mammoth of USD 10,040 million, increasing at a rate of 16 per cent over 2020-2026. The outbreak of COVID-19 is expected to negatively impact the growing statistics of 5G fiber optic cables market, as it has been massively disrupting the businesses on global level as well as the global economy.
Moreover, this report is expected to support the manufacturers in production of these cables by guiding them with the data regarding to ongoing technological trends, current and predicted growth rates, current market valuations, and future growth prospects.
The analysis also lays substantial emphasis on the market segmentation in terms of type and applications, along with encompassing exhaustive geographical research of the overall 5G fiber optic cables market. Besides, the report includes the impact of ongoing COVID-19 spread on the global market in the years ahead.
Fiber optic cable-a cable consisting of one or more optical fibers- is used to carry light. Optical fiber elements are separately covered with plastic layers and are confined in protective tube suitable for the deployment in environment. In line with this, 5G networks are the need of the hour as they are expected to connect people with products via smart applications and networks, which is likely to generate huge amounts of data. The development of these networks would drive and inspire a new revolution in technological and computing innovations which would transform the way of living and working.
According to this report, one of the fundamental drivers of this market is the construction of micro base stations and edge nodes. This growth can be attributed to the natural characteristics of high frequency signal propagation which requires a large number of sites to accomplish deep coverage through 5G. Additionally, the construction of 5G application scenarios with low latency and high reliability requires an edge computing solution, which undeniably calls for the deployment of fiber optic cables.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/2564441/
This report predicts that the total fiber demand in 2019 was nearly over 310 million core kilometers, with the demand expected to grow to 350 million core kilometers in 2020, and 420 million core kilometers in 2021. Besides, post 2020, the demand for fiber is anticipated to rise at a growth rate of 20 per cent supporting the stable fiber prices and effectively digesting the domestically released capacity.
Geographical insights:
The global 5G fiber optic cables industry is diversified into various regions including Asia Pacific, North America, and Europe. The Asia Pacific region has emerged as one of the most remunerative verticals of the 5G fiber cables industry owing to the fact that the region boasts of over 70 per cent consumption of these fibers for various end use applications.
Some of the growth-rendering factors include the deployment of 5G and construction of FTTH. Although China Unicom and Telecom’s FTTH project has passed most houses in major cities in China, the government’s demand for enhancing the broadband coverage in rural areas and establishment of 5G networks in upcoming years may maintain high levels of optical cable demand post the 2017 A factor.
Furthermore, North America is depicted to be the second largest consumer market in the global 5G fiber optic cables industry which is then followed by Europe.
Also, as per this report, there were nearly 120 fiber optic cable production companies in China in 2018, out of which nearly 20 were loss making firms, with a loss of 18 per cent.
Competitive landscape:
Worldwide 5G fiber optic cables industry is highly consolidated and includes the robust presence of prominent companies such as Furukawa, HTGD, Fujikura, ZTT, YOFC, and several others. The concentration of leading six companies was nearly 39.4 per cent in 2018, compared with 37.94 per cent in 2013.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
5G fiber optic cables industry is divided on the basis of types, applications, regional analysis, and competitive landscape:
5G Fiber Optic Cables Market Type Analysis (Revenue, USD million, 2015-2026)
- Single-Mode Cable
- Multi-Mode Cable
5G Fiber Optic Cables Market Application Analysis (Revenue, USD million, 2015-2026)
- Long-Distance Communication
- FTTx
- Local Mobile Metro Network
- Other Local Access Network
- CATV
- Multimode Fiber Applications
- Others
5G Fiber Optic Cables Market Regional Analysis (Revenue, USD million, 2015-2026)
Asia Pacific
- China
- Japan
- South Korea
- Taiwan
Europe
- Germany
- France
- U.K
- Italy
- Russia
North America
- Canada
- U.S.
5G Fiber Optic Cables Market Competitive Landscape Analysis (Revenue, USD million, 2015-2026)
- Prysmian
- HTGD
- Furukawa
- Corning
- Fujikura
- Sumitomo
- ZTT
- YOFC
- Futong
- Taihan
Related Report:
Structured Cabling Market Share & Forecast, 2019 – 2025
Structured Cabling Market is expected to exceed USD 25 billion by 2025; as per new research report. Increasing concerns about the network security and the safety of IT devices are encouraging industrial sectors to implement effective cabling infrastructure that will reduce the chances of accidental access or intrusion.
The structured cabling market is witnessing a high demand for the deployment and maintenance of services. With the rapid increase in network complexities, the industries are shifting toward modern technologies to enhance their network & cable infrastructure. These modern solutions require IT experts for the installation and integration into the IT environment.
About US:
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.