According to the data of the in-depth market monitoring and future prospect analysis report of China’s optical fiber and cable industry from 2023-2029 released online by market research, the market size of China’s optical fiber and cable industry reached 73.919 billion yuan in 2021, an increase of 3.2% over 2019. Among the subdivided industries, the market size of power cable reached 59.42 billion yuan, up 3.3% year on year; The market scale of communication cable reached 14.877 billion yuan, up 2.6% year on year.
The market of China’s optical fiber and cable will continue to receive policy support in 2020.Driven by broadband transformation projects and 5G construction projects, the market demand is increasing and the contribution rate to the market is also increasing. In addition, with the stability and policy support of new infrastructure investment, the growth rate of China’s optical fiber and cable market in 2020 has also improved.
Looking forward to 2023, due to the continued support of new infrastructure investment and the acceleration of 5G construction, China’s optical fiber and cable market will continue to maintain a growth trend. It is expected that the size of the optical fiber and cable market will reach 82.523 billion yuan in 2023, with a year-on-year increase of 11.1%
Adhering to technological innovation, promoting technological development, and constantly improving the performance and quality of optical fiber and cable products to meet the growing user needs are the core driving force for the development of the optical fiber and cable industry. In 2023, the optical fiber and cable industry will continue to promote the development and application of various new technologies, such as ultra-large field of view optical fiber, tunable optical fiber, smart optical fiber, multimode composite optical fiber, and new high-speed optical fiber. At the same time, with the acceleration of 5G construction, it is conducive to the rapid development of intelligent manufacturing, Internet of Things, industrial Internet and other industries, and will further drive the growth of the optical fiber and cable market.
To promote the development of optical fiber and cable industry, we will continue to strengthen technology research and development, improve production quality, improve product performance, constantly innovate the process and technology of optical fiber and cable, improve the cost performance of products, meet the needs of users, and accelerate the pace of development of the industry. In addition, we should actively promote the research and development of environmental protection technology, reduce the pollution in the production process of optical fiber and cable, and improve the sustainable development ability of optical fiber and cable. At the same time, we will continue to promote cooperation with relevant national departments, actively promote the formulation of industry standards, and provide more technical support for the development of the optical fiber and cable industry.
Post time: Mar-03-2023