U.S. Fiber Optic Cables Market Share Analysis with Demand Status 2021 | Latest Technological Advancement, Industry Trends, Competitive Landscape, Explosive Factors of Revenue by Key Vendors Size Forecast Analysis 2030

In a recent published report, Kenneth Research has updated the market report for U.S. Fiber Optic Cables Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Fiber Optic Cables Market products.

REPORT HIGHLIGHT

The U.S. Fiber optic cables market was valued at USD 2,480 million by 2017, growing with 5.7% CAGR during the forecast period, 2018-2025

Fiber optic cables are used by communications and telecommunications providers to transmit data. These cables are used to transmit large volumes of data across long distances. This technology is often considered superior to internet providers, cable network services, and wired telecommunications. Fiber optic cables are generally plastic or silica based. These products are gaining popularity owing its strong immunity to electromagnetic field and better transfer speed compared to other products. Consumers are increasingly demanding high-speed internet which will strengthen this product demand significantly.

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Increasing number of broadband connections in the U.S. will boost the industry growth to great extent. For instance, according to the Washington based non-profit organization, Pew Research Center, approximately nine-in-ten American adult use the internet. The organization also stated that the proportion of American young population with high-speed broadband service at home is increasing rapidly. On the flip side, despite of the strong demand for fiber-optic cable among the end-users, manufacturers have to contend with competition from international operators. The majority of imports come from low-wage countries such as Mexico and China. Adding to the domestic industry’s trade imbalance.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Types Takeaway

In terms of types, the industry is categorized as;

Single-mode fiber cable

Multimode-fiber cable

Other fiber cable

Single-mode fiber cable accounted for the highest revenue share, over 50% in 2017. Single-mode fiber cables have narrow diameter, through which one narrow cable can be run. The single light-wave and small core virtually eliminates distortion which can result from overlapping light pulses, providing the least signal attenuation and the highest transmission speeds of any fiber cable type. Whereas, multimode-fiber cable is the second largest industry segment, growing with the promising growth rate during the study period.

End User Takeaway

In terms of end-users, the market is categorized as

Installers

Wholesalers

Manufacturers

Installers are the largest market in the industry, expected to account for over 50% of market revenue in 2017. As more homes and businesses required data connections, this industry segment’s share is projected to increase considerably.

Key Vendors Takeaway

Optical Fiber Solutions

ADVA Optical Networking SE

Corning Inc.

Ciena Corporation

Corning Incorporated

Cisco Systems

Fujitsu

AFL Telecommunications

Optical Cable Corporation

The industry has a medium level of concentration. The worldwide industry is concentrated among four-five major players, accounting for significant revenue share. Key players have global operations, established production facilities and distribution arrangements, internally developed and acquired technologies. AT&T’s wireless services, for example, now offer fourth-generation (4G) cellular technology, which has peak speed requirements of one gigabyte of data transmission per second. AT&T has upgraded many of its cables to fiber optic to meet these peak speed requirements and market to their consumers that they offer 4G speeds on their networks.

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The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies

Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPES

Single-mode fiber cable

Multimode-fiber cable

Other fiber cable

MARKET, BY END-USE

Installers

Wholesalers

Manufacturers

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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