Multimode-Fiber Cable Market
 

Multimode fiber cable is an optical fiber cable, which is designed to carry multiple light rays simultaneously with a slightly different reflection angle. Multimode fiber cable can be used for short distances as the modes disperse over longer lengths. It is used in various industries such as telecom, broadcasting, military/aerospace, healthcare, and power.
Main product types of multimode fiber optic cable are step-index fiber and gradient type. Step-index fiber is a cylindrical waveguide core with an inner core that has a uniform refractive index of n1 and an outer cladding that has a uniform refractive index of n2. The materials used are plastics optical fiber and glass optical fiber for the making of single-mode cable and multi-mode cable. The various applications include IT and telecom, government, energy, automotive, industries and others.
 

Multimode-Fiber Cable Market Segmentation
The multimode-fiber cable market covered in this report is segmented –
1) By Product Type: Step Index Fiber, Gradient Type
2) By Cable Type: Single-mode Cable, Multi-mode Cable
3) By Material Type: Plastics Optical Fiber, Glass Optical Fiber
4) By Application: IT & Telecom, Government, Energy, Automotive, Industries, Other Applications

Multimode-Fiber Cable Market Size 2024 and Growth Rate
The multimode-fiber cable market size has grown rapidly in recent years. It will grow from $11.68 billion in 2023 to $12.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%.  The growth in the historic period can be attributed to local area networks (lans), telecommunications infrastructure, data center development, fiber to the desk (fttd), campus networks.

Multimode-Fiber Cable Market Growth Forecast
The multimode-fiber cable market size is expected to see marginal growth in the next few years. It will grow to $12.95 billion in 2028 at a compound annual growth rate (CAGR) of 0.1%. The growth in the forecast period can be attributed to 5g and iot networks, smart buildings, edge computing, video streaming and high-definition content, private 5g networks. Major trends in the forecast period include high-speed transceivers, optical fiber mpo/mtp connectors, om5 multimode fiber, data center interconnectivity, multimode fiber for 400g and beyond.

Multimode-Fiber Cable Market Driver: Evolving connectivity demands fuelling growth in the Multimode-Fiber Cable Market
Rising demand for higher bandwidth and faster speed connections will enhance the growth of the multimode-fiber cable market. There is a surge for high bandwidth from enterprises and individuals due to increased use of the internet for video calls, gaming, online shopping, and social media. Fiber optic cable depends on light to transmit data instead of electricity so that it can speed up the internet connections that are capable of handling higher bandwidth. For example, 4K Ultra High Definition (UHD) TV at homes consumes approximately 15-18 Mbps of data which is three times more than the plain HD TV. By 2022, it is estimated that about 62% of connected flat panel TV sets will be 4K. This focus on increasing demand for higher bandwidth increasing video consumption. Thus, rising demand for faster speed connections and higher bandwidth is driving the growth of the multimode-fiber cable market.

Multimode-Fiber Cable Market Driver: IOT Expansion Fuelling the demand for Multimode-Fiber Cables
The growing adoption of IoT devices is expected to propel the growth of the multimode-fiber cable market going forward. IoT, or Internet of Things, refers to the network of physical devices, vehicles, buildings, and other objects that are embedded with sensors, software, and connectivity to collect and exchange data over the internet. IoT devices often rely on data centers to process and store the vast amount of data they generate. Multimode fiber cables are employed within data centers to ensure high-speed and low-latency connections between servers, switches, and storage systems. This is crucial for efficiently managing the data generated by IoT devices. For instance, in September 2024, according to IoT Analytics, a Germany -based internet company, IoT connections are expected by the end of 2023, there are expected to be 16.6 billion connected IoT devices globally, with IoT Analytics forecasting a 13% growth, reaching 18.8 billion devices by the end of 2024. Therefore, the growing adoption of IoT devices is driving the growth of the multimode-fiber cable market.

Global Multimode-Fiber Cable Market Major Players
 

Major companies operating in the multimode-fiber cable market include 
    Corning Incorporated
    TE Connectivity Ltd.
    CommScope Inc.
    3M Company
    Fujikura Ltd.
    Amphenol Corporation
    Molex LLC
    Prysmian Group
    OFS Furukawa
    Belden Inc.
    Sumitomo Electric Industries Ltd.
    HUBER+SUHNER AG
    Nexans S.A.
    LS Cable & System Ltd.
    Aptiv PLC
    Yangtze Optical Fibre and Cable Joint Stock Limited Company
    HTGD (Hengtong Group Dalian Hengtong Optic-Electric Co. Ltd.)
    Radiall
    AFL (AFL Telecommunications)
    Furukawa Electric Co. Ltd., Optical Cable Corporation
    Berk-Tek (a Nexans company)
    Leviton Manufacturing Co. Inc.
    Panduit Corporation
    Superior Essex Inc.
    Yangtze Optical Fibre and Cable Joint Stock Limited Company (Futong)
    Tongding
    FiberHome Technologies Group
    General Cable Technologies Corporation
    Kaile Science & Technology Co. Ltd.
    Hengtong Group Co. Ltd.
    Infinera Corporation
    Hindustan Cables Limited
    Leoni AG, Panduit Corporation
    Siemon Company
    Sterlite Technologies Limited
    Superior Essex Inc.
    Thorlabs Inc.
    Timbercon Inc.
    Transition Networks Inc.
    VIAVI Solutions Inc.

Global Multimode-Fiber Cable Market Restraint: Challenges in speed and distance impediments to Multimode Fiber Cable Market Growth
Limitations in both speed and distance is a major challenge faced in the multimode fiber cable market. Multimode fiber cable maximum speed is 10GB, but only up to a distance of 300 meters. It can only transmit at 100Mbit for up to 2 Km. For example, a typical step-index multimode fiber with 50 micrometers can be limited to 20 MHz for 1km length. Therefore, limitations in both speed and distance hinder the growth of the multimode-fiber cable market.

Global Multimode-Fiber Cable Market Trend: Technological advancements in Fibre Optic Cables driving growth through wavelength division multiplexing (WDM)
 

The technological advancement in the fiber optic cable act as a key trend driving the growth of the multimode- fiber cable market. Wavelength division multiplexing (WDM) is the recent technological improvement in the fiber cables. Wavelength division multiplexing is a technique of multiplexing the number of optical carrier signals through a single optical fiber channel by varying the wavelengths of laser lights. WDM allows communication in all directions in fiber cable. WDMs are used on a single optical fiber to blend light signals coming from different optical fibers. This is attained by using a coupler at the WDM input. In 2023, Asia-pacific is expected to be the fastest-growing market for WDMs and multiple companies in China such as ZG Technology, Optic Network Technology, are the leading manufacturers and suppliers of WDMs.

Global Multimode-Fiber Cable Market Trend: Innovative Technologies in Multimode-Fiber Cable Manufacturing
Major companies operating in the multimode-fiber cable market are innovating new technologies such as gel-free, dry buffer tube technology to increase their profitability in the market. A gel-free, dry buffer tube technology is a specific water-blocking glue used in fiber optic cables to absorb any moisture that may come into contact with the cable. For instance, in September 2023, AFL Telecommunications LLC a US-based telecommunications equipment company launched gel-free, dry buffer tube technology. By using a unique water-blocking glue, this technique does away with the requirement for buffer tubes filled with gel by absorbing any moisture the cable may meet. Due to the lack of support or messenger wire, the dry buffer tube technique is intended to make installation affordable and straightforward.

Multimode-Fiber Cable Market Merger and Acquisition: Clearfield Inc. expands european Fiber optic production with acquisition of nestor cables Ltd
 

In May 2022, Clearfield Inc., a US-based connectivity products manufacturing company acquired Nestor Cables Ltd for an undisclosed maount. The acquisition would increase Field Shield Fiber's supply capacity and enable fiber optic production across Europe. The purchase shows that Clearfield is dedicated to offering cutting-edge solutions to its clients and is using new technologies to raise the caliber and effectiveness of its goods. Nestor Cables Ltd is a Finland based telecommunication service company.

Regional Analysis For The Global Multimode-Fiber Cable Market
Asia-Pacific was the largest region in the multimode-fiber cable market in 2023. North America was the second-largest region in the multimode-fiber cable market. The regions covered in the multimode-fiber cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the multimode-fiber cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada