According to research and Markets latest research report revealed that by 2025, the global fiber optic cable market will reach 27.88 billion US dollars, during the compound annual growth rate of 11.7%.
Fast and improved network and network services and the growing penetration of broadband connections between developed and developing countries is one of the main reasons for the steady and rapid growth in demand for fiber optic cables.
At present, governments attach great importance to their urban and rural high-speed Internet services. Fiber optic cable will ensure maximum extension of service, with low latency, high capacity and long distance transmission of higher reliability and other characteristics, which will greatly promote the market demand for the product increased.
At the same time, technical improvements such as SMAC (social, mobile, analytics and cloud) will accelerate the growth of demand for higher bandwidth fiber optic cables. Because the traditional copper cable transmission data and speed are very limited, can not meet the growing demand for data transmission.
From the enterprise, Corning, Prysmian, Cheung Kong fiber, Fujikura cable, Sterlite technology, Finolex, OFS Fitel, Alcatel-Lucent, Broadcom and Amphenol will become the world's leading fiber optic cable suppliers.