East Africa Fiber Optic Cable Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026

Report Description: The East Africa fiber optic cables market was valued USD xx Million in 2018 and is likely to reach more than USD 253.3 Million by 2026, with a compound annual growth rate of XX% over the forecast period 2019-2026. Optical fiber technology has some distinct characteristics over every type of communication network. In terms of wide bandwidth capability, optical fiber offers customers more bandwidth than other means of transmission. Optic fiber cables are used for transferring a huge amount of data and other multimedia applications compared to a dial-up connection conveyed by copper wires. Factors such as increasing requirement for high-speed data by commercial and private organizations and advantages associated with the fiber optic technology over other transmission media are expected to drive the growth of the East Africa fiber optic cable market during the forecast period. However, the high cost of installation and implementation is likely to have a negative impact on the growth of the market. The Single-mode segment is expected to dominate the market throughout the forecast periodBased on fiber type, the East Africa fiber optic cables market has been segmented into single-mode and multi-mode. The single-mode segment accounts for more than 70% of the East Africa fiber optic cables market. This segment is expected to reach $xx million by 2026 from $xx in 2019, growing at a significant growth rate.The major factor that is driving the growth of this segment is that single-mode fiber optic cable has small core diameter which allows one kind of light to transmit and this decreases the number of light reflections as the light rays pass the core of the cable. Single-mode fiber type gives the benefit of less attenuation and enables an electrical signal to cover more distance. Based on the material type, the glass type segment is expected to dominant the market during the forecast periodBased on the material type, the market has been segmented into glass and plastic. The glass type segment accounts for the largest share in the East Africa fiber optic cables market by material type. In comparison to plastic, cables made of glass are a better choice for large bandwidth and distance. To send data over short distances, telecommunication companies use plastic cables that carry electrical signals. The optic fiber cable made of plastic materials is expected to show significant growth during the projected period. Based on the end-use industry, the IT & Telecom segment is expected to dominate during the forecast periodBased on the end-use industry, the market has been segmented into IT & Telecom, BFSI, healthcare, defense and aerospace, oil and gas, and others. The IT & Telecom segment accounts for the largest share in the market and held more than 25% of the total market in 2018. Optical fiber is majorly used by many telecommunication companies for transmitting telephone signals and television signals, and for internet communication. Owing to much lower interference and attenuation, fiber optic cables offer major advantages over copper wire in high-end, long-distance applications.Kenya to dominate the East Africa fiber optic cables market throughout the forecast periodKenya accounted for nearly 50% share of the East Africa fiber optic cables market in 2018 and is expected to dominate the market throughout the forecast period. Kenya is East Africa’s largest economy and it was the first one to install fibre optic cables in this region. There are over 5,000 kilometres of terrestrial cables all around Kenya. The country is still trying to develop its capabilities by taking up certain initiatives to develop and make the existing systems more advanced. For instance, in 2016, a new project was launched to connect Kenya & South Sudan with the help of fibre optic cables.Company Profiles and Competitive Intelligence:The major players operating in the East Africa fiber optic cables market are Corning Inc., Sumitomo Electric Industries Ltd., Coherent, Inc., Finisar Corporation, and Prysmian Group, among others.