Single-Mode Fiber Cable Global Market Report 2021: COVID 19 Impact and Recovery to 2030

New York, June 11, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Single-Mode Fiber Cable Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06072064/?utm_source=GNW
The global single-mode fiber cable market is expected to grow from $32.77 billion in 2020 to $40.59 billion in 2021 at a compound annual growth rate (CAGR) of 23.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $87.26 billion in 2025 at a CAGR of 21%.

The single-mode fiber cable market consists of sales of single-mode fiber optic cables and related services that are used in various applications such as in data centres, community antenna televisions, military, telecommunication and networking, factory automation, and industrial networking. Single-mode optical fiber is an optical fiber designed to carry a single mode of light as a carrier that is used for long-distance signal transmission.

Rising demand for higher bandwidth and faster speed connections will enhance the growth of the single-mode fiber optic cable market.There is a surge for high bandwidth from enterprises and individuals due to increased use of the internet for video calls, gaming, online shopping, and social media.

Fiber optic cable depends on light to transmit data instead of electricity so that it can speed up the internet connections that are capable of handling higher bandwidth.For example, 4K Ultra High Definition (UHD) TV at homes consumes approximately 15-18 Mbps of data which is three times more than the plain HD TV.

By 2022, it is estimated that about 62% of connected flat panel TV sets will be 4K.This focus on increasing demand for higher bandwidth increasing video consumption.

Thus, rising demand for faster speed connections and higher bandwidth is driving the single-mode fiber optic cable market’s growth.

The increase in the adoption of wireless communication systems is expected to limit the growth of the single-mode fiber optic cable market.In recent years, demand for wireless services increased exponentially.

The emergence of new technologies such as the internet of things (IoT) has increased the adaption of wireless communication systems. According to the Economic Times Bureau, the total contribution of the mobile industry, is expected to reach US$ 4.8 trillion which is equivalent to 4.8% of global GDP in 2023. The number of smartphone users worldwide reached 2.87 billion in 2020. Therefore, the high usage of wireless communication systems is hindering the growth of the single-mode fiber optic cable market.

The single-mode fiber cable market is segmented by type into quartz optical fiber cables, multicomponent glass fiber cables, plastic optical fiber cables, others. It is also segmented by application into telecommunication and networking, data centres, community antenna television, factory automation and industrial networking, military, others.

The technological advancement in the fiber optic cable act as a key trend driving the growth of the single-mode fiber optic cable market.Wavelength division multiplexing (WDM) is the recent technological improvement in the fiber cables.

Wavelength division multiplexing is a technique of multiplexing the number of optical carrier signals through a single optical fiber channel by varying the wavelengths of laser lights.WDM allows communication in all directions in fiber cable.

WDMs are used on a single optical fiber to blend light signals coming from different optical fibers.This is attained by using a coupler at the WDM input.

In 2023, Asia-pacific is expected to be the fastest growing market for WDMs and multiple companies in China such as ZG Technology, Optic Network Technology, are the leading manufacturers and suppliers of WDMs.

In July 2020, Leviton, an American manufacturer of electrical wiring equipment acquired Berk-Tek from Nexans for $202 million.Through this acquisition Berk-Tek can further streamline processes, ordering, and enhance the service and support that offers to customers as well as the channel partners.

Berk-Tek, a North American cabling company with exceptional manufacturing and product development capabilities.
Read the full report: https://www.reportlinker.com/p06072064/?utm_source=GNW

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