The global multimode fiber cable market size is expected to be worth USD 3.91 billion by 2029 from USD 7.56 billion in 2024, growing at a CAGR of 4.24% from 2024 to 2029.
Multi-mode fiber is an optical fiber that simultaneously carries multiple light rays or modes at varying reflection angles within the optical fiber core. It is also known as multimode optical fiber. Glass fibers having a common diameter of 50 to 100 microns for the light-carrying element make up a multi-mode cable. Light waves traveling at 850 or 1300 nm are split into many routes by the cable's core, providing multi-mode fiber with high bandwidth and speeds over moderate distances.
Global Multimode Fiber Cable Market Drivers:
The rising traction towards data storage, processing, and management has led to the scaling up of data centers around the world is thriving the demand for multimode fiber cable. The market is also expanding due to growing demand for higher bandwidth and a 5G network for fast internet. So far, only the USA, India, and China are ahead in the deployment of 5G networks, and the uncovered countries and regions around the world are increasing the demand for multimode fiber cables. Because multimode fiber cables provide fast and reliable data access, they are commonly used in Storage Area Network (SAN) systems. Hence, the market share of multimode fiber cable is projected to climb at a significant rate during the forecast period.
The multimode fiber cable market is expected to flourish in the forecast period due to the large-scale deployment of 5G networks around the world, presenting an opportunity for cable manufacturers. China's telecom service providers have deployed 1.425 million 5G base stations as of March 2022, supporting over 500 million users nationwide. Recently, there has been significant advancement in the distribution and administration of cable. Time-saving features for installs and troubleshooting are offered by several modern assemblies. For example, installers can trace the fiber cable by injecting a light source into the fiber such that it flashes red when using Amphenol's Traceable Patch Cord fiber optic cable construction system. These changes in the Telecommunication industry with the latest technology are setting up new opportunities for the multimode fiber cable market.
Global Multimode Fiber Cable Market Restraints:
The technological development of alternate technologies like satellite communication or wireless technologies is restricting the growth of the multimode fiber cable market. People are shifting towards wireless technologies in their home and business operations, which is affecting the demand for multimode fiber cables globally. For instance, Starlink, a satellite-based internet connectivity service, is in the process of obtaining a license in India. The entry of Starlink into the Indian market will change the multimode fiber cable market during the forecast period. Therefore, the market share of the multimode fiber cable market could decline in the future.
Impact of COVID-19 on the multimode fiber cable market:
The multimode fiber cable market was severely affected by the shutdowns, restrictions on working, etc which resulted in the reduction in demand for multimode fiber cable. Despite that, the growth of the fiber cable market during the pandemic and other recessions was more than most of the other industry’s growth. The surge in digital trade and internet usage during and after COVID-19 has boasted the demand for the multimode fiber cable. For instance, the U.S. has experienced a significant increase in traffic, particularly due to the pandemic, with 23% of consumers adopting new paid streaming video services primarily via optical fiber. This opened new opportunities in the multimode fiber cable market to expand its market share in the forecast period.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
4.24% |
Segments Covered |
By Cable Type, Application, Material, Industry and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Grundfos Pumps Corporation, Xylem, Sulzer Ltd, Spring, Precision Digital Corporation, Kirloskar Brothers Limited, Dwyer Instruments, Inc. and Others. |
This research report on the global digital pump controller market has been connectivity, end-user and region.
Global Multimode Fiber Cable Market - By Cable Type:
The OM4 segment and OM5 segment, both are anticipated to clutch higher share of the market during the forecast period. For high-speed communication in sensors, devices, and smart infrastructure components, OM4 and OM5 fibers are being used as part of the infrastructure for smart cities and the Internet of Things (IoT), which is expanding the market share of this segment. Laser-optimized multimode (LOMMF) transmission includes OM3, OM4 and OM5 which is a bit more expensive than the other types but it provides higher bandwidth. Vertical cavity surface Emitting Lasers (VCSEL) technology advancement has provided them to operate at specific wavelengths optimized for multimode fiber transmission, including LOMMF, as a result, the demand for OM cables is expected to increase in the forecast period.
Global Multimode Fiber Cable Market - By Material Type:
The plastic optical fiber segment is anticipated to propel the multimode fiber cable market during the forecast period because of advancements in plastic fiber technology. The upward trend in plastic optical fiber is also the result of the usage of POF in smart homes and industrial IoT applications. POF cable cores are made of polymer, allowing for cost reductions and a complex structure compared to single- and multimode fiber optics glass cores. Therefore, it is expected that the demand for plastic optical fiber will drive the multimode fiber cable market in the future.
Global Multimode Fiber Cable Market - By Application:
The data center segment holds a significant share in the multimode fiber cable and is expected to grow further during the forecast period. Due to cost-effectiveness in limited reach applications, and rising data traffic the demand for multimode fiber cable is rising upwards. Multimode fiber cables are increasingly utilized in high-performance computing (HPC) centers due to their ability to support high data rates, parallel processing, and adapt to advanced networking technologies, ultimately increasing the market share.
Global Multimode Fiber Cable Market - By Industry:
IT & Telecommunication segment is anticipated to have the largest share of the multimode fiber cable market in the forecast period. Multimode fiber, which is perfect for sending huge amounts of data within IT networks, is driving demand in the market since it can handle high data transfer speeds. Also, the growth in the Fiber to the Building (FTTB) and Fiber to the Home (FTTH) for high-speed connectivity over short distances is increasing the sales of multimode fiber cable. After IT & Telecommunication industry, the energy sector is contributing to the expansion of the multimode fiber cable market. High-speed communication between industrial sensors, controllers, and automation equipment in the energy industry is made possible by multimode fiber cable enables efficient real-time control, which is propelling the market growth in the energy industry.
Global Multimode Fiber Cable Market - By Region:
North America's multimode fiber cable market size is projected to gain traction during the forecast period. The market is expected to expand further due to several factors like an increase in demand for high-speed connectivity, expansion of data centers, and adoption of higher-speed Ethernet standards, such as 40 Gigabit Ethernet (40GbE) and 100 Gigabit Ethernet (100GbE).
Asia Pacific is anticipated to have the highest growth rate among others in the multimode fiber cable market during the forecast period. For instance, China is planning to invest $500 million to build the world’s most advanced and far-reaching subsea cable networks, which will further boost the market in the region. European Multimode fiber cable market is not far behind as the deployment of the 5G network and geopolitical relations are driving the market forward. The world's first demonstration of optical transmission and switching of 15-mode multiplexed signals on a field-deployed multi-mode fiber network was held in Italy, which is scaling up the European market share in multimode fiber cable.
KEY MARKET PLAYERS:
Companies playing a key role in the global multimode fiber cable market include MaxLinear, Inc., TE Connectivity, Sumitomo, Fujikura and Hisense Broadband Multimedia Technology Co., Ltd.
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