The global optical fiber connectivity market was valued at USD 3. The expansion of 5G networks is a major growth drive in the market due to 5G's substantial requirements for speed, capacity, and low. According to a Mordor Intelligence report, the global subsea-cable market is expected to grow from $5. 95 Billion in 2030 for a CAGR of 11. That's mostly due to rising demand for both throughput and redundancy. As the industry looks ahead, six major trends are shaping the future of fiber. Optical fiber is superior to traditional copper cables in a multitude of ways, including nearly unlimited bandwidth, improved durability, and being virtually future-proof, and Corning has played a leading role making it easier and more cost-effective to deploy. “We've helped customers make fiber. Market Size by Product Type, Fiber Type, Application, End Use Industry Analysis, Share, Growth Forecast. The expansion of 5G networks is a major growth. fiber optics cable by Application (Long-Distance Communication, FTTx, Local Mobile Metro Network, CATV, Others), by Types (Multi-Mode Fiber Optics Cable, Single-Mode Fiber Optics Cable), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America).