The global fiber optic cable market (henceforth, referred to as the market studied) was valued at USD 7,578. 1 million in 2019, and it is expected to reach USD 16,390. 1 billion, is growing due to rising high-speed connectivity needs, 5G deployment, and expansions in data centers and smart cities. 26% during the forecast period (2019-2024). The speed. IndexBox has just published a new report, the World - Optical Fiber Cables - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.