Optical Fiber & Plastic Conduit Market Growth Drivers, Opportunities, Trends - 2026
The optical fiber industry is expected to provide promising growth prospects throughout the forecast period, owing to an increase in investments and research undertaken by prominent optical fiber cable manufacturers in the industry to develop and upgrade the fiber optics technology application area.
According to a recent report published by Allied Market Research, Optical Fiber and Plastic Conduit Market was valued at $4,151.2 million in 2018 and is projected to reach $11,779.9 million by 2026, growing at a CAGR of 20.6% from 2019 to 2026.
Moreover, single-mode optical fiber cable offers numerous benefits, which include high attenuation and dispersion, greater data-transmitting capabilities, usability within high-speed & large capacity networks, and others, which have been boosting its adoption among the end-users. Furthermore, ongoing efforts to increase the penetration of telecom services in the emerging countries of the Asia-Pacific region are attributed to the increasing demand for single-mode cable in the region, which is opportunistic for the optical fiber and plastic conduit market.
Plastic conduits are being increasingly used for all types of installation work, both for commercial and domestic wirings in the IT & telecom sector. These flexible plastic conduits are made in all sizes from 16mm to 50 mm in external diameter. The thermal expansion of plastic conduits is about six times that of steel.
Key Finding of The Optical Fiber And Plastic Conduit Market:
- Based on mode, the single-mode segment generated the highest volume in the global optical fiber and plastic conduit market in 2018.
- Based on industry vertical, the telecom and IT segment generated the highest volume in the optical fiber and plastic conduit market in 2018.
The key players profiled in the optical fiber and plastic conduit industry includes Fujikura Ltd., Corning Incorporated, Sterlite Technologies Ltd., Furukawa Electric Co., Ltd., The Prysmian Group, Emtelle, Hexatronic Cables & Interconnect Systems, and Kuhkenah Network (K-Net). In addition, the key players profiled in the plastic conduit in IT & Telecom market includes Cantex Inc., Atkore International, Dura-Line, and Prime Conduit.