How big is the Fiber Optic Cable Market | Value & Investment Opportunities 2025

Code: MTA6709 Publication Date: Jul 2025

How big is the fiber optic cable market?

According to 6Wresearch internal database and industry insights, the Global fiber optic cable Market was valued at USD 14.6 Billion in 2024 and is expected to reach USD 30.2 Billion by 2031, growing at a compound annual growth rate of 7.33% during the forecast period.

Increased demands for data transmission, the rollout of 5G, and the growing demand for high-speed internet connectivity across industries are driving the market. The worldwide adoption of fibre optic cable is further fuelled by the growth of cloud computing services and smart city initiatives.

Key Growth Factors of the Fiber Optic Cable Market

  • Increasing demand for 5G connectivity and high-speed broadband
  • Data centre and hyperscale infrastructure expansion
  • expanded use in smart grid and smart city initiatives
  • Growing application in aerospace and military communication systems
  • Technological developments in fibre optic sensing
  • Government programs to expand the digital infrastructure

Fiber Optic Cable Market Trends

The fiber optic cable market is witnessing robust growth, driven by the rapid expansion of high-speed internet infrastructure, 5G deployment, and increasing demand for data centers. There is a notable shift toward fiber-to-the-home (FTTH) solutions in both urban and rural areas to meet the growing need for reliable broadband connectivity. Advancements in cable durability, higher bandwidth capacity, and reduced latency are further boosting adoption across telecom, IT, healthcare, and defense sectors.

Emerging Developments in the Fiber Optic Cable Market

Emerging Developments in the fiber optic cable market include the use of bend-insensitive and hollow-core fiber cables for better performance in dense environments. Data throughput is increasing thanks to innovations like photonic crystal fibres and multicore. Smart manufacturing settings and underwater communication networks are using optical fibre more.

Leading Companies in the Fiber Optic Cable Market

  • Corning Incorporated
  • Prysmian Group
  • Fujikura Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Sterlite Technologies Ltd.
  • OFS Fitel, LLC (Furukawa Electric Co., Ltd.)

How big is the Fiber Optic Cable Market : FAQ's

The fiber optic cable market is projected to reach USD 30.2 Billion by 2031.
Telecommunications, IT & networking, military, industrial automation, healthcare, and broadcasting are key end-use industries.
Bend-resistant fibers, hollow-core cables, and photonic crystal fiber innovations are reshaping performance and application areas.
The rollout of 5G, increasing internet users, and demand for high-speed, low-latency communication are the main growth drivers.
Asia-Pacific leads due to strong investments in 5G and data centers, followed by North America and Europe.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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