Global Multimode-Fiber Cable Market Strategies 2024, Forecast To 2033

The multimode-fiber cable market has experienced rapid growth, ascending from $11.68 billion in 2023 to $12.91 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 10.5%. This growth is attributed to the deployment of local area networks (LANs), the expansion of telecommunications infrastructure, the development of data centers, the implementation of fiber to the desk (FTTD), and the evolution of campus networks. Projections indicate marginal growth for the multimode-fiber cable market in the next few years, with an expected increase to $12.95 billion in 2028 at a CAGR of 0.1%. This growth is driven by trends such as the development of 5G and IoT networks, the incorporation of smart building technologies, the rise of edge computing, the demand for video streaming and high-definition content, and the establishment of private 5G networks. Key trends in the forecast period include high-speed transceivers, optical fiber MPO/MTP connectors, the use of OM5 multimode fiber, increased data center interconnectivity, and the adoption of multimode fiber for 400G and beyond.