Fiber Optic Cable Market Report 2022: Rising Internet Penetration and Surge in Data Traffic Boosts Sector
DUBLIN, March 28, 2023 /PRNewswire/ -- The "Fiber Optic Cable Market By Type,, By Cable, By Deployment,, By Application,, By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The growing adoption of the internet is a key factor driving the market's revenue growth. Optical fibers are flexible, transparent cables that use high-quality glass, plastic, and silica to operate on the principle of total internal reflection of light. Fiber optic internet transmits data through cables with tiny glass or plastic fibers as pulsed light beams, resulting in speeds around 20 times faster than conventional cable at 1 Gbps (Gigabits per second). The market's revenue growth is also driven by the need for higher bandwidth, as more and more businesses require data transmission at faster rates.
The increasing demand for faster internet speeds is also driving revenue growth in the fiber optic cable market. Fiber optic access allows for internet speeds of up to 100 Gbps, which prevents internet slowdowns during times of high demand. This results in improved voice quality for VoIP and quicker data transfers to the cloud, along with faster download speeds, which in turn is driving revenue growth of the market.
Restraint: High cost of installation
The fragility of fiber cables, which are typically made of glass, is a major disadvantage. They are more delicate than metallic wiring because they are lighter and thinner. Fiber optic networks are vulnerable to chemical and radiation damage, and their fragile cables can be easily cut during building renovations or rewiring. In addition, the bend radius of fiber cables is limited, making it challenging to install fiber around corners, as too much bending can weaken or disrupt the signal. These factors significantly impede revenue growth in the market.
The cost of fiber is another factor that limits revenue growth in the fiber optic market. The initial setup costs for a fiber optic network can be high because it requires experienced technicians and specialized tools. Additionally, if the network is damaged, it can be expensive to diagnose and repair the problem.
On the other hand, plastic optical fibers (POF) are made of plastic or polymeric material for the cladding and glass for the core. These fibers are effective when used with sources of visible red status indicator light, as they are made from a single monofilament of acrylic. They are also inexpensive and stretch further without breaking.
Single-mode cables have a substantially smaller core diameter and can transport data at up to 10Gb/s across longer lengths. Multi-mode cables often have thicker core diameters and can transmit light at wavelengths ranging from 850 nm to 1,300 nm. Multimode cables are most frequently used in LAN for data and Audio/Visual (A/V) applications owing to their capacity to carry several light modes and the possibility to utilize less expensive light sources.
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