The market research firm RnR Market Research recently released the global fiber-optic cable market report, which showed that the global fiber-optic cable market compound annual growth rate (CAGR) was about 5.1% from 2014 to 2019, and it was expected that the fiber optic cable market would exceed US$3 billion by 2019.
Among them, the telecommunications broadband market demand for fiber optic cable will reach 5.9% CAGR, which is the biggest market demand for fiber optic cable. The second is oil and gas sector, and it is expected to have a 4.2% CAGR demand for fiber optic cable.
In terms of the region, the telecommunications broadband markets in Asia Pacific, Latin America, Western Europe and Eastern Europe have the highest demand for fiber optic cable. In particular, with the rapid spread of 3G/4G networks, China, India and other Asia Pacific countries' demand for fiber-optic cable in the field of telecommunications broadband is expected to have a substantial growth.