Based on end use industry, the fiber optic cable market is segmented into telecommunication, power utilities, defense/military, industrial, medical & healthcare, and others. 5 billion by 2030, driven by data centers, 5G, and IoT. Data centers accounted for 35% of fiber demand in 2023, and their load is being pulled higher. The adoption of optical fiber sensors across diverse industries and applications is driven by technological advancements, growing demand for real-time monitoring, detection, and control, and the need for innovative solutions to address complex sensing challenges. Supply dynamics are also changing as Chinese exports dominance. In 2023, fiber reached 4. The market is expected to grow from USD 15. 5% during the forecast period according to the latest report published by Global Market Insights. The global optical fibers market was valued at USD 10.
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