Fiber optics is a flexible and transparent fiber made with the help of
plastic or drawing glass that is used for light transmission. The fiber
optics cable has wide-ranging usage in fiber-optic communications where
they permit long-distance transmission and at higher bandwidths.
Increasing adoption of fiber optics cables to transmit signals with a
minimum amount of loss has been increased over the last few years and
this factor is propelling the growth of the Asia (SEA JP KR) Fiber Optic
Cable market.Fiber optic patch cordKeeping in view the increasing growth of the Asia (SEA JP KR) Fiber
Optic Cable market, QY Research has published a new report titled, “Asia
(SEA JP KR) Fiber Optic Cable market Insights, Forecast to 2025,” for
the forecasted period of 7-years, i.e. between 2018 and 2025. According
to this report, Asia (SEA JP KR) Fiber Optic Cable market was valued US$
747.47 Mn in 2018 and is likely to attain the value of US$ 1498.92 Mn
by 2025 end, exhibiting a robust CAGR of 10.45% during the anticipated
period.
Rising demand for communication with high bandwidth is fuelling the
growth of the market. For example, fiber optic cables are used to
transmit images, data and voice easily even up to several kilometers. IT
and telecommunication are important sectors with an extensive range of
applications. The development of fiber-rich infrastructure has
tremendously propelled the demand for fiber optic cables. Moreover,
technological expansion in the telecom industry has augmented the
deployment of broadband network architectures. There are some
significant broadband networking architectures such as Fiber to the
Premise, Fiber to the Home, Fiber to the Cabinet and Fiber to the
Building, which require large-scale fiber optics network deployment are
contributing the demand for fiber optic cables.
The report covers regions such as Korea, Japan, and South East Asia
(Philippines, Indonesia, Vietnam, Singapore, Thailand, and Malaysia).
The region is leading the market since 2017 mainly because of the high
penetration of technologies related to the optical fiber in developing
countries due to various projects, for instance, smart cities. The
region is gaining revenue growth due to the adoption of technology in
telecommunication & IT and telecom & administrative sectors.
High penetration in expanding IT and manufacturing sector across the
Asia Pacific region is boosting the growth of the Asia (SEA JP KR) Fiber
Optic Cable market. Additionally, growing application of fiber optics
in the medical sector is swelling the growth of the market in the
countries such as India, China, and Japan, thus fuelling the demand of
fiber optic cables at a remarkable rate.
