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Global optical fibre cable market is booming over the recent years, mainly driven by the growth of information and communication technologies with the increasing demand for digital and data transmission across the global. According to the latest report from Zion Market Research, the global fibre optics market was valued at around USD 2.75 billion in 2016 and is expected to reach approximately USD 3.72 billion in 2022, growing at a CAGR of slightly above 5.2% between 2017 and 2022. Japan has been leading the global optical fibre cable production and exports over the last few years.
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The differences between optical fibre and fibre optic cable are still confusing for a lot of people. In fact, they are all referring to same cable materials, but in different presentations. Optical fibre refers to the type of medium which transmits light and digital beam in the cable, so optical fibre is the core in the optical cable which is used for transmission.
On the other hand, fibre optic cable, also known as the fast internet connecting cable, is made of fibre core, optical layer and an external protective coat. Fibre optic cable now commonly refers to a finished cable that has the external protective coat. Therefore, the difference between optical fibre and fibre optic cable is whether it refers to the cable core material or the cable with a protective coat.
The growing demand for increased network bandwidth is the primary growth driver for the global optical fibre cable market with the proliferation of mobile computing devices, such as smartphones, tablets, and wearables with new capabilities, and the emergence of disruptive technologies that shift the bandwidth usage, the need for fibre optics is envisaged to increase rapidly over the next five years.
Currently, Japan-made optical fibre cable products are renowned around the world for their advanced innovations and high-end qualities. With the global demand continues to thrive, Japan’s optical fibre export is also on the rise. In 2016, Japan exported $4.2 billion worth of optical fibre products to the global market, representing over 15.5% of total world’s optical fibre exports in that year, making it the world’s largest optical fibre exporter.
The market for optical fibre is expected to grow at a faster rate over the next few years, mainly thanks to the advantages of optical fibre cables will further boost its applications in variety of industries. Greater bandwidth; immunity to interference from vibrations & electricity; and the light weight of the optical fibre products are expected to drive its market with a bigger demand in industries such as telecom and electronics industry.
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