The fiber optic cable assemblies comprise of optical fiber, reinforced support, and fiber optic cable and other connectors. It also acts as a medium of data & electronic (A/V) signal transmission from one point to another over a packets of optical energy or the light that are designed for withstanding the harsh exterior environment by ensuring the much greater durability.
As signals to move from one fiber to the optic cable to another, therefore the fibers must be well secured & properly aligned by connecting the cable fibers. The type of connector also depends upon optical fiber and intended assembly function. Moreover, some of the key connector type includes ST, FC, LC, MT-RJ, SC, and MU connectors. The fiber optics cable also has a characteristics features such as assemblies are a low-noise, distortion free signals, high transmission rate and the bandwidth as well as the light-weight property, immune towards the electromagnetic field interference compared to other cable types. It’s continued growth & investment features have supported the rise of internet and telecommunications industry as well as the rise in number of consumers demand for the high quality video, audio and data transmission.
According to study, “Global Fiber Optic Cable Assemblies Market to reach USD 4.9 billion by 2026” the key companies operating in the global fiber optic cable assemblies market are RF Industries, Fibre Connections Inc., Finisar Corporation, L-Com Inc., Carlisle, Delphi Automotive LLP, Corning Incorporated, W.L. Gore and Associates and Molex.
Based on cable length, fiber optic cable assemblies market is segmented as custom and standard. Based on modes types, market is segmented as single-mode and multimode. Multimode cable segment dominates the market owing to its low cost and it enables to easier to work with other optical components such as fiber connector, fiber adapter and others. Based on product type, market is segmented as long length assemblies, connectorized assemblies, fiber jumpers, high complex breakout assemblies and others. In addition, based on end-user, market is segmented as IT & telecommunications, industries, automotive, defense & government and others.
The fiber optic cable assemblies market is driven by increase in use of fiber optical cables in different metrology and power transmission, followed by growth in data transmission & defense sector, rise in internet penetration across various regions and increase in number of consumers demand for high quality video, audio and data transmission. Moreover, growing aerospace and automotive sectors may impact the market.
Based on geography, the North-American region holds major share in global market owing to increase in advancements in Internet-of-Things (IoT) and rise in demand for internet and high-quality video & data transmission across the region. Whereas, the Asian-Pacific and European regions are anticipated to witness higher growth rate due to strong infrastructure coupled with growth in end-user industries over the forecast period. The global fiber optic cable assemblies market is valued approximately at US $2.9 billion in 2018 and is expected to grow with a CAGR of more than 7% over the forecast period 2019 to 2026.
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Ankur Gupta, Head Marketing & Communications