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IBISWorld Industry Market Research: The U.S. Fiber-Optic Cable Manufacturing Industry is Expected to Earn Revenue of $2.4 billion in 2016

Demand for the industry has surged as downstream customers upgrade infrastructure that was delayed during the recession. For this reason, industry research firm IBISWorld has updated a report on Fiber-Optic Cable Manufacturing.

NEW YORK, Dec. 1, 2016 /PRNewswire/ -- The Fiber-Optic Cable Manufacturing industry shored up connections over the past five years, with revenue anticipated to grow at an annualized rate of 3.1% to $2.4 billion in 2016. During the period, the industry benefited from a rise in demand for fiber-optic networks and fiber-optic cable.

IBISWorld Industry Research

For the full report, visit IBISWorld's Fiber-Optic Cable Manufacturing in the U.S. industry report page.

Consumers have increasingly demanded high-speed internet in their homes and on mobile devices, underpinning this trend. As a result, wireless carriers and cable providers are demanding fiber-optic cable at increasing rates. The ramp-up in fiber-optic cable networks has expanded the speed and size of wireless carrier and cable provider data networks, providing higher-speed data transmission and larger volume data transfers. Despite a decline in revenue in 2012 and 2013, the industry was able to rebound quickly. Industry revenue is projected to continue growing in 2016, increasing 9.6% due to wireless upgrades and growing rural broadband demand.

The next five years will bring continued revenue growth for the industry. According to IBISWorld Industry Analyst Dmitry Diment, "Consumer demand for high-speed internet on mobile devices will likely accelerate over the period, resulting in the widespread upgrade of wireless network services to compete for consumers' dollars." As a result, industry revenue is expected to rise over the five years to 2021.

Downstream Industries Impacted:
Electricians
Internet Service Providers

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IBISWorld Industry Report Key Topics

Industry Performance
Products & Markets
Globalization & Trade
Major Companies
Operating Conditions
Key Statistics

About IBISWorld Inc.

Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every U.S. industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. For more information, visit www.ibisworld.com or call 1-800-330-3772.

Contact Information
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Media Relations Specialist
[email protected]
+1 917-267-0351 Ext: 351

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SOURCE IBISWorld

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