Fiber Optic Cable Market size is expected to be valued at USD 5,462.3 million in 2022 and is expected to grow at a CAGR of 11.3% in 2022-2028. A fiber optic is a transparent, flexible fiber made of silica or plastic that behaves as a light pipe or waveguide to transmit light between two fiber terminals. It is a dielectric cylinder-shaped waveguide that carries light down its axis by means of total internal reflection. Light travels through total internal reflection through a transparent core covered in a cladding material which is transparent with a dropped index of refraction. To meet the distribution constraints challenged by end-use applications, optical fibers are dropping in size. Telecom operators need high fiber count cables in reduced dimensions; hence cable manufacturers and optical fiber are participating in research and development to produce smaller cables and fibers. The growth in significance of the Internet of Things, data transfer and storage, and more connected devices, such as wearables, smartphones, and tablets, can lead to the growth of the fiber optic cable market. Moreover, increasing the use of cable as it is the chief medium for reliable and fast data transfer is the primary factor that can boost the global fiber optic cable market. Apart from these, owing to the many benefits of the fiber optics, such as immunity to interferences from electricity and vibrations, the capacity to deliver greater bandwidth can also accelerate the market in the future. The increasing use of 5G in emerging countries, the surge in internet users, and the growing acceptance of wireless communication technologies instead of wired ones can drive the global market further. However, some factors such as the easy entry to the internet in distant areas employing wireless devices and the high preliminary cost can restrain the growth of the market.
In May 2022, Corning Incorporated (US) announced the expansion of its MiniXtend cable portfolio, introducing MiniXtend XD cables for 192 and 288 fibers and MiniXtend HD cables for 12 to 72 fibers.