2015 global cable market will reach $10 billion
CRU expects 2015 global cable market will reach $10 billion. Strong growth in the Asia-Pacific region, thanks to China's market demand for fiber optic cable exceed market expectations. It is reported that more than half of the global optical fiber and optical cable from China.
Currently, the industry's annual production and installation of fiber optic cable over 300 million core km. 2015 global production and installation of fiber optic cable capacity almost five times in 2005, nearly ten years, CAGR of 17%. Strong growth in the Asia-Pacific region, the demand for the region's cable accounted for 66% of the world, 2005 was only 48%. This is mainly due to the Chinese market demand for fiber optic cable exceed market expectations.
2015 China market demand for fiber optic cable in the world from 49% the proportion rose to more than 50%, because the growth of the Chinese market more than the sum of all the other regional markets. 2015 China market cabled fiber of installed capacity in 2010 will be more than twice is almost 2010 installations worldwide market.
Cable production growth in China is also amazing. 2015 China will account for 56% of the production of fiber optic cable around the world, 2010 was only 48%. Meanwhile, in 2015 China produced 55% of the bare optical fiber will account for the world, in 2010 the figure was 40%. These figures mean that cable companies to increase exports to China, mainly for other Asia-Pacific market, the African market and other regional markets.