Fiber-Optic Cable Manufacturing
The Fiber-Optic Cable Manufacturing industry shored up connections over the five years to 2019. During the current period, the industry benefited from a rise in demand for fiber-optic networks and cable. Consumers have increasingly demanded high-speed internet in their homes and on mobile devices, underpinning this trend. As a result, wireless carriers and cable providers are demanding fiber-optic cable at increasing rates. Despite strong domestic demand for fiber-optic cable, manufacturers have had to contend with competition from foreign operators. Adding to the domestic industry's trade imbalance, export growth has lagged behind that of imports due to a rising US dollar. Over the five years to 2024, the Fiber-Optic Cable Manufacturing industry will continue to grow. Consumer demand for high-speed internet on mobile devices will likely accelerate during the outlook period, resulting in the widespread upgrade of wireless network services to compete for consumers' dollars.
This industry manufactures optical-fiber cables. These cables are usually silica- or plastic-based with silica fiber-optic cables extending long distances. Fiber-optic cables are used by communications and telecommunications providers to transmit data. Optical-fiber cables are gaining popularity because of their transfer speed and immunity to electromagnetic interference.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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