$3.8bn
$XXX.Xm
6,040
102
$XXX.Xm
Fiber optic cable manufacturers have benefited from the growing reliance on services offered online, including Internet of Things (IoT) connected devices, and rising demand for high-speed internet from households and businesses. Telecommunications companies have invested heavily in improving their digital infrastructures and giving customers advantages in terms of speed, reliability and cost savings. Similarly, manufacturers have benefited from growing spending on infrastructure from the Bipartisan Infrastructure Act, which jumpstarted growth in 2021 following drastic pandemic losses. As a result, revenue has been falling at an estimated CAGR of 0.5% to $3.8 billion through the end of 2024, including a 3.8% jump that year alone.
Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated $3.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Corning Inc. | 615.4 | 78.8 | 12.8 | |
Ofs Fitel, Llc | 404.2 | 14.7 | 3.6 | |
Afl Telecommunications Llc | 283.3 | 24.8 | 8.8 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Single-mode-fiber cable , Multimode-fiber cable and Other fiber cable. Single-mode-fiber cable is the largest segment of the Fiber-Optic Cable Manufacturing in the US.
Sales of single-mode optical cable dominate the industry
This industry manufactures optical-fiber cables. These cables are usually silica- or plastic-based with silica fiber-optic cables extending long distances. Fiber-optic cables are used by communications and telecommunications providers to transmit data. Optical-fiber cables are gaining popularity because of their transfer speed and immunity to electromagnetic interference.
Purchase this report to view all 3 major companies in this industry.
NAICS 33592 - Fiber-Optic Cable Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Government funding boosts the fiber-optic market. The $1.2 trillion Infrastructure Investment and Jobs Act includes $65 billion for broadband expansion. This funding has spur...
Learn about an industry's products and services, markets and trends in international trade.
Downstream telecommunications carriers mainly buy single-mode fiber. These cables can transmit signals over much longer distances and at higher bandwidths than multimode fibe...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast is a hub for fiber-optic manufacturing. The region offers proximity to technology hubs, a skilled workforce and solid transportation networks that make it a pri...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
A strong dollar makes foreign fiber-optic cables more appealing. The appreciation of the US dollar during times of global conflict has made imported fiber-optic cables attrac...
Learn about the performance of the top companies in the industry.
Several major manufacturers are expanding their facilities to increase operating capacity. Corning, for instance, has invested over $500 million since 2020 and opened a new o...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is highly regulated with strict standards on quality and safety. Manufacturers are subject to a broad range of regulations, including environmental and labor law...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Heightened price-based competition from foreign manufacturers is driving down profit. Despite high demand and investment in infrastructure, companies struggle to pass rising ...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Fiber-Optic Cable Manufacturing in the US industry in United States is $3.8bn in 2024.
There are 102 businesses in the Fiber-Optic Cable Manufacturing in the US industry in United States, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Fiber-Optic Cable Manufacturing in the US industry in United States has been declining at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Fiber-Optic Cable Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Fiber-Optic Cable Manufacturing market in United States are Corning Inc., Ofs Fitel, Llc and Afl Telecommunications Llc
Manufacturing fiber-optic cable and Designing and developing fiber-optic cable are part of the Fiber-Optic Cable Manufacturing in the US industry.
The company holding the most market share in United States is Corning Inc..
The level of competition is high and steady in the Fiber-Optic Cable Manufacturing in the US industry in United States.