Fiber Optic Cable Market - U.S. Fiber Optic Cable Market To Accelerate, Driven By Demand For High-Speed Internet Access
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U.S. fiber optic cable market reached X million USD in 2015. Over the last few years, demand for fiber optic cable in the U.S. grew due to the increasing needs of downstream industries, which strengthened the infrastructure. The industry will continue with this upward trend until 2020, increasing the market value up to X billion USD by 2020. U.S. growth in fiber optic cable consumption is expected to accelerate in the medium term, advanced by expansion of broadband networks amid strong housing starts.
In 2015, fiber optic cable production in the U.S. was strong, with an estimated value of shipments standing at about X billion USD. This value was X million USD (or X%) more than the year before. However, about X% of this amount was sent to overseas markets. The export share in production increased by +X percentage points from 2008 to 2015, and this trend is projected to continue in the medium term.
The U.S. kept its second place in the global trade in 2015, with about X million USD of exported fiber optic cable. Canada (X%) and Mexico (X%) were the main destinations of U.S. fiber optic cable exports. These countries were followed by Ireland, the UK, and Australia (X% each). Moreover, the shares of Ireland (+X percentage points), Australia (+X percentage points), the UK (+X percentage points), and Canada (+X percentage points) increased. By contrast, Mexico (-X percentage points) saw its share reduced.
From 2008 to 2015, the U.S. was a net exporter of fiber optic cables. Over this period, net U.S. exports of fiber optic cables have shown an upward trend. In 2015, this industry ran a trade surplus of X million USD. This surplus could grow substantially in the years to come, driven by rising exports.
Nevertheless, U.S. imports also showed a growth trend from 2009 to 2015 . Simultaneous and significant growth in trade flows indicates that consumption in the U.S. market was supported largely through imports, while the domestic manufacturers enjoyed an additional growth driver from rising exports.
Despite the significant export amount, U.S. fiber optic cable market is filled with supplies from foreign countries. The U.S. remained the global leader in imports in 2015, with a X% share of global imports. The value of imports stood at X million USD, increasing steadily starting from 2010.
Mexico and China were the main suppliers of fiber optic cables into the U.S. Mexican (X%) and Chinese (X%) fiber optic cables held a significant share in total U.S. consumption. Imports from these countries displayed a pronounced growth from 2007 to 2015, at +X% per year for Mexico, and +X% per year for China.
The share of imported products in consumption expanded noticeably over the period under review, to over X% in 2015. However, import growth has been softening in the recent years and is anticipated to increase at a slower pace over the next decade, as domestic industry is well-developed.
Overall, a prospect for the U.S. fiber optic cable market is likely to be optimistic. Wireless carriers will expand their fiber optic cables on higher speeds, as they need to constantly upgrade their networks due to a growing demand for high-speed Internet access. Broadband connection networks, particularly in suburbs and rural areas, will also grow, driven by strong housing starts. Together, these trends will increase the demand for fiber optic cable in the medium term.
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Source: IndexBox AI Platform
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