Published Date: 30-Aug-2023
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According to a new report, published by KBV research, The Global Optical Fiber Patch Cord Market size is expected to reach $2.6 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period.
The Optical Data Network segment acquired maximum revenue in the Global Optical Fiber Patch Cord Market by Application in 2022; thereby, achieving a market value of $1.1 billion by 2030. The telecommunication segment recorded a significant revenue share in the optical fiber patch cord market in 2022. Due to the rising demand for internet services and the improved security features provided by fiber optic networks, the market is expanding. Because of their large bandwidth capacity and low latency compared to traditional landline networks, these networks are being favored.
The Multi Mode segment is registering a CAGR of 7.3% during (2023 - 2030). A fiber optic cable ending with multimode fiber optic connections at both ends makes up a multimode optical fiber patch cord, which is typically orange or grey. Typically, the connectors are either cream or black. It is a kind of optical fiber that is typically used for communication across short distances, such as on a campus or inside a building.
The Asia Pacific region dominated the Global Optical Fiber Patch Cord Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.1 billion by 2030. The Europe market is poised to grow at a CAGR of 4.8% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 4.6% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Longxing, Shenzhen Wirenet Telecom Technology Co., Ltd., Black Box Limited (Essar Group), Amphenol Corporation, 3M Company, Phoenix Contact GmbH & Co. KG, Shenzhen Lightwit Photonics Co., Ltd., T&S Inc., Sumitomo Electric Industries, Ltd. and CommScope Holding Company, Inc.
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