ADSS Cable Market is Expected to Grow at a Significant Rate from 2021 to 2028
The Global ADSS Cable Market was valued at USD 591.28 Million in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.17% between 2021 to 2028. As stated by an extensive report by Vantage Market Research, providing insights on cable type, material type and end-use Industry, the global ADSS cable market is likely to grow at a faster rate over the forecast period.
ADSS (All Dielectric Self Supporting) cables are cables made with fiber optics technology that aids them in the transmission of data and information, in the form of light waves, via filaments of plastic or glass. They are durable, resilient and are utilized in pole-to-pole, pole-to-building, pole-to-town, and town-to-town infrastructure installation.
Growing need for optic fibers, enhanced funding for infrastructure development, tremendous amount of data generated, and rising telecommunication industry are some of the key factors that are augmenting the growth of the ADSS cable market, worldwide.
However, the COVID-19 pandemic brought in worldwide lockdown and business shutdowns, forcing people to stay indoors to prevent the spread of infection. Due to this, the manufacturing units were shut down, disrupting the supply chain of optic fibers. Additionally, the construction and infrastructure development activities were halted as well. This, in turn, hampered the growth of the ADSS cable market.
Moreover, the challenges that come along with the utilization of ADSS cables such as requirement of large amounts of investments for educating the workforce and expensive installation charges, restrain the ADSS cable market. Although, the colossal benefits offered by ADSS Cable such as optimal and efficient transmission and versatility of applications, provide an enthralling opportunity for the growth of ADSS cable market, in the coming years.
Globally, Asia-Pacific is dominating the ADSS cable market, and this dominance can be attributed to the surging technological advancements and rise of the telecommunication sector in the region.
Subsequently, North America contributes to the ADSS cable market majorly. This share is accredited to the enhanced acceptance rate of 4G and 5G technologies and network and surging IT industry in the region.
Some of the major players operating in the global ADSS cable market are ZTT International Limited, AFL Communications LLC, Corning Inc., Prysmian Group, Coherent Inc., Amphenol Corporation, CommScope, Fujikura Ltd., Aptiv Plc and Belden Inc. among others.