Fiber Optic Cable Market has shown rapid growth since the Coronavirus (COVID-19) pandemic outbreak. Fiber optic cables which have much greater bandwidth than metal cables offer low power loss when compared to copper cables. Due to their immunity towards electromagnetic interference, it can work smoothly in any electrically noisy environments.
A recent market research study determines the increase in changes and the aspects which are likely to have an impact on the growth of the Global India Optical Fiber and Accessories Market. There is a crucial demand for updated technologies which are likely to boost the growth of this industry.
As per the analysis provided in the report, the global Optical Fiber Cable market is expected to rise at a steep rate between 2019 and 2026. The pandemic has immediately interrupted the requirement and supply of the Fiber cables owing to the greater demand for data usages. Telecom firms are competing with each other to expand their range for which they require a surplus amount of OFC cables.