Global Fiber Optic Cable Assemblies Market growing at a CAGR of 8.9% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jul 2023 | Type : Press Release
Key Market Overview
The fiber optic cable assemblies market is poised for strong expansion and is projected to reach USD 10,398.65 Million by 2030. The market was sized at USD 5,366.15 Million in 2022 and is predicted to grow at a compound annual growth rate of 8.9% during the period 2023-2030.
The report highlights the increasing adoption of fiber optic cable assemblies owing to the increasing demand to provide low-latency and high-speed connections to data centers. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the fiber optic cable assemblies market.
Global Fiber Optic Cable Assemblies Market By Overview
Consegic Business Intelligence provided an inclusive research report on the fiber optic cable assemblies market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Healthcare sector is anticipated to witness the fastest CAGR in the fiber optic cable assemblies market during the forecast period. Fiber optic cable assemblies are utilized in medical imaging systems including MRI (Magnetic Resonance Imaging), CT (Computed Tomography), and X-ray machines. The cable assemblies transmit high-resolution images and data from the imaging devices to the display or storage systems. Fiber optics offer excellent image quality, low signal loss, and electromagnetic interference immunity, ensuring accurate and reliable medical imaging. Additionally, fiber optic cable assemblies are integral to endoscopic procedures, which involve inserting a flexible or rigid endoscope into the body for diagnostic or surgical purposes. Fiber optics transmit light to illuminate the body cavity and transmit images captured by the endoscope's camera to the viewing system, hence contributing remarkably in propelling the market growth.
Get Free SampleMarket Dynamics
Driver:
- Growing number of data centers is accelerating the growth of the fiber optic cable assemblies market to provide low-latency and high-speed connections.
- Expansion of the telecommunication network including mobile networks and broadband services is accelerating the market growth.
- Increasing investment by the government to improve the digital infrastructure is propelling the growth of the fiber optic cable assemblies market.
Restraints:
- High cost of installation and deployment of fiber optic cable assemblies is restraining the market growth.
- Emergence of wireless technologies including 5G networks to provide higher speed and lower latency is hampering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Cable Length | Custom and Standard |
| By Mode Type | Single-Mode and Multi-Mode |
| By Product Type | Fiber Jumpers, Long Length Assemblies, Connectorized Assemblies, and High Complex Breakout Assemblies |
| By End-User | Automotive, IT & Telecom, Healthcare, Defense, Government, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The landscape for Fiber Optic Cable Assemblies market is highly competitive with major players including US Conec Ltd., Fiber Connection Inc., Finisar Corp., Optec Technology Ltd. that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the fiber optic cable assemblies market are expected to help market players adopt innovative ways product creation to cater to the growing needs of various end-use industries.
- US Conec Ltd.
- Fiber Connection Inc.
- Finisar Corp.
- Optec Technology Ltd.
- Optical Cable Corporation
- RF Industries
- Infinite Electronics International, Inc.
- Samtec, Inc.
- TE Connectivity
