Global Fiber Opitc Cable Market is Projected to Reach USD 12,412 million USD by 2023

The Fiber Opitc Cable industry was 8799 million USD in 2017 and is projected to reach USD 12412 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 5.9% between 2017 and 2023. The market is driven by the massive deployment of FTTX projects in different regions and also the coming 5G constructions, most directly, the increasing CAPEX of leading telecom operators.

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The industry is in a relatively high concentration, the key manufacturers include Prysmian, HTGD, Furukawa, Corning, YOFC, Futong, Sumitomo, Tongding, CommScope, Sterlite, FiberHome, Jiangsu Etern, ZTT, General Cable, Belden, Fasten, Nexans and so on. Among them, Prysmian, HTGD, Corning, YOFC are the leaders.

Global Fiber Opitc Cable Market is Projected to Reach USD 12,412 million USD by 2023

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. And due to the optimistic market demand in the coming years and the constraints of the upstream Optic preform capacity, the overall shortage of optic fibers is highly likely to maintain.  Companies that taking control of optic preform capacity will obtain better performance from supplying power and therefore better margins.

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The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Fiber Opitc Cable Market Research Report 2018 report released by QYResearch provides a basic overview of the Fiber Opitc Cable industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Fiber Opitc Cable industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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