Global Fibre Optic Cable Market Anticipated to Grow at a CAGR of 10.2% over 2016-2024 from USD 4.6 Billion in 2016
According to Goldstein Research, global fibre optic cable market is valued at USD 4.6 billion in 2016, growing at a CAGR of 10.2% over the forecast period 2016-2024. Moreover, global fibre optic cable demand is estimated to reach nearly 324.52 million fibre km in 2016. High efficiency and transmission capacity of fibre optic cable is one of the major drivers fuelling the adoption of fibre optic cable in different industry verticals. Global fibre optic cable market segmentation has been done on the basis of cable type, optical fibre type, application and geography. Single-mode fibre optic cable occupied 48% of total market share in 2016 is projected to witness healthy growth during the forecast period. Global fibre optic cable market is largely dominated by North America with a market share of 32.0% in 2016. Whereas Asia-Pacific is the fastest growing region and is anticipated to grow at a CAGR of 11.5% during the forecast period. Browse Full Report: https://www.goldsteinresearch....