Study #: 4212 | Published: 06/2021 | Pages: 63 | Individual User License: US$ 2,900

Demand for fiber optic cable is forecast to increase 3.0% per year to $3.6 billion in 2025. Sales will be supported by:

  • investment in infrastructure to support the rollout of 5G networks
  • ongoing increases in data traffic in both residential and commercial settings
  • increased penetration of last-mile fiber

5G to Sustain Demand Throughout 2020s as Infrastructure Improves

The large-scale commercial rollout of 5G in the US began in mid-2019 and significantly increased in 2020. By the end of 2020, around 75% of the US population lived in areas with at least some 5G coverage, and this figure is expected to exceed 80% in 2021. However, 5G networks remain underdeveloped, and it is estimated that only around 10% of mobile devices in the US are 5G activated as of mid-2021. Significant further investment will be required before 5G networks will be able to perform at an adequate level for universal adoption.

The main driver of fiber optic cable demand in 5G networks will be densification efforts, under which large numbers of small cell nodes will be constructed and connected to broader networks. In high usage areas, it is estimated that 5G networks will ultimately include dozens or even hundreds of cells per square mile, all of which will require fiber optic cable.

While the 5G rollout will be a major ongoing source of fiber optic cable sales going forward, it is not expected to produce particularly rapid short-term growth. The construction of small cell networks is an expensive, labor-intensive process, and it is unlikely to be compressed into a short period. Instead, construction and improvement of these networks will continue throughout the 2020s. In addition, the maturity of the conventional telecommunications backbone segment will offset 5G-related gains to an extent.

Proliferation of Internet-Enabled Devices Spurring Sales

Growth in bandwidth requirements for telecommunications will be accelerated by the increase in data-enabled devices associated with the Internet of Things. The prevalence of features supported by internet connections is expanding rapidly across a wide variety of devices and applications, with building automation representing a particularly promising area. As appliances, HVAC systems, security systems, and the like increasingly rely on internet connections, data requirements will intensify in both residential and commercial settings, spurring ongoing investment in telecommunications networks.

Last-Mile Fiber Growing Rapidly from Small Base

While last-mile fiber represents a minor share of demand at present, demand growth is expected to be well above average through 2025. These services are still not available in many parts of the US, and expansion of geographic availability will allow providers to reach new customers throughout the country. However, this is likely to remain a luxury option, and last-mile fiber is not expected to become ubiquitous in the near future.


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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic on Fiber Optic Cable

3. Overview

Historical Market Trends

Supply & Demand

Demand by Type

Single-Mode

Multimode

Pricing Trends

Competitive Products

Technology Trends

Fiber Optics

5G Networks

Telecommunications Technology

All-Optical Networks

Radio Over Fiber

4. Markets

Demand by Market

Telecommunications

Backbone

Last Mile

Other Applications

Construction & Other Markets

5. Key Suppliers & Market Share

Industry Composition

Market Share

Mergers & Acquisitions

6. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographics

Building Construction

Residential Building Construction

Commercial Building Construction

Nonbuilding Construction Expenditures

Manufacturing Outlook


List of Tables

2. About This Report

Table 2-1 | Annual Fiber Optic Cable Demand by Market, 2019 - 2021 (million dollars)

3. Overview

Table 3-1 | Fiber Optic Cable Demand, 2010 - 2020 (million dollars)

Table 3-2 | Fiber Optic Wire & Cable Supply & Demand, 2010 - 2030 (million dollars & million 2012 dollars)

Table 3-3 | Fiber Optic Cable Demand by Type, 2010 - 2030 (million dollars)

Table 3-4 | Single-Mode Fiber Optic Cable Demand by Market, 2010 - 2030 (million dollars)

Table 3-5 | Multimode Fiber Optic Cable Demand by Market, 2010 - 2030 (million dollars)

4. Markets

Table 4-1 | Fiber Optic Cable Demand by Market, 2010 - 2030 (million dollars)

Table 4-2 | Telecommunications Market for Fiber Optic Cable by Type & Application, 2010 - 2030 (million dollars)

Table 4-3 | Construction & Other Markets for Fiber Optic Cable by Type, 2010 - 2030 (million dollars)

5. Key Suppliers & Market Share

Table 5-1 | Selected Mergers & Acquisitions

6. Appendix

Table 6-1 | Relevant Industry Codes

Table 6-2 | Relevant HS/HTS Codes

Table 6-3 | Macroeconomic Indicators, 2010 - 2030 (billion 2012 dollars)

Table 6-4 | Population & Households, 2010 - 2030 (million persons)

Table 6-5 | Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 6-6 | Residential Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 6-7 | Commercial Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 6-8 | Nonbuilding Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 6-9 | Manufacturers' Shipments, 2010 - 2030 (billion dollars & billion 2012 dollars)


List of Figures

1. Executive Summary

Figure 1-1 | Fiber Optic Cable Market Outlook

2. About This Report

Figure 2-1 | Fiber Optic Cable: Product Examples

Figure 2-2 | Annual Fiber Optic Cable Demand Growth, 2018 - 2023 (% annual change)

3. Overview

Figure 3-1 | Fiber Optic Cable Demand, 2000 - 2020 (million dollars)

Figure 3-2 | Fiber Optic Cable Demand by Type, 2010 - 2030 (million dollars)

Figure 3-3 | Single-Mode Fiber Optic Cable Demand by Market, 2010 - 2030 (million dollars)

Figure 3-4 | Multimode Fiber Optic Cable Demand by Market, 2010 - 2030 (million dollars)

Figure 3-5 | Fiber Optic Cable Pricing, 2010 - 2030 (2012=100)

Figure 3-6 | Comparative Growth: Fiber Optic Cable & Competitive Products, 2020 - 2025 (% CAGR)

4. Markets

Figure 4-1 | Fiber Optic Cable Demand by Market, 2010 - 2030 (million dollars)

Figure 4-2 | Telecommunications Market for Fiber Optic Cable by Type, 2010 - 2030 (million dollars)

Figure 4-3 | Construction & Other Markets for Fiber Optic Cable by Type, 2010 - 2030 (million dollars)

5. Key Suppliers & Market Share

Figure 5-1 | Fiber Optic Cable Market Share by Company, 2020 (billion dollars)


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