The global fiber optic cable market will reach nearly $27.9 billion by 2025.
According to the latest research report released by Research and Markets, the global fiber optic cable market will reach US$27.88 billion by 2025, with a compound annual growth rate of 11.7%.
Rapid and improved network and network services, as well as the increasing penetration of broadband connections between developed and developing countries, are among the main reasons for the steady and rapid growth of demand for fiber optic cables.
At present, governments of all countries attach great importance to high-speed Internet services in urban and rural areas. Fiber-optic cables will ensure maximum extended service, low latency, high capacity, and high reliability over long distances, which will greatly increase the market demand for this product.
At the same time, technological improvements such as SMAC (social, mobile, analytics and cloud) will accelerate the demand for higher bandwidth fiber optic cables. Because traditional copper cable transmission data and speed are very limited, can not meet the growing data transmission needs.