Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 872.5 Million | USD 1,216.7 million | 5.7% | 2021 |
FrequentlyAsked Questions
Increased demand for greater capacity and quicker speeds will accelerate the market expansion for multi-mode fiber cable. Due to a growth in the usage of the internet for video calls, gaming, online shopping, and social networking, both businesses and consumers are experiencing a surge in demand for high bandwidth.
According to the report, the global multimode fiber cable market was worth about 872.5 (USD million) in 2021 and is predicted to grow to around 1,216.7 (USD million) by 2028, along a compound annual growth rate (CAGR) of approximately 5.7%.
During the projected period, Asia Pacific is anticipated to account for the highest share of the fiber optics market. The significant market share is attributed to the region's growing number of regional government efforts to boost multimode fiber optic expansion.
Some of the main competitors dominating the global multimode fiber cable market include - Optical Cable Corporation (OCC), Finolex Cables Limited, Corning Incorporated, OFS Fitel, LLC, Sterlite Technologies Limited, AFL, Prysmian Group, Birla Furukawa Fiber Optics Limited, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC).
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