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2024 U.S. Industry Statistics & Market Forecast - Fiber Optic Cable Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Fiber Optic Cable Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Fiber Optic Cable Manufacturing industry has seen significant growth in recent years as demand for high-speed communication networks has surged. Key trends affecting the industry include the increasing demand for fiber optic cables in data centers, the rise of 5G technology, and the use of fiber optic cables in smart city initiatives.Data centers require high-speed connections to transmit vast amounts of data quickly and reliably. As a result, there has been a growing demand for fiber optic cables with higher bandwidth capabilities and greater durability to meet the needs of these data centers.
The development of 5G technology is another trend affecting the Fiber Optic Cable Manufacturing industry. 5G requires a significant amount of fiber optic infrastructure to deliver the high-speed, low-latency connections that this technology promises. This is driving demand for new fiber optic cables and upgrading existing networks to support 5G.
Finally, the adoption of smart city initiatives has also created demand for fiber optic cables. Cities are implementing various technologies such as traffic management and surveillance systems that require high-speed, reliable connectivity, which can be achieved through fiber optic networks.
In addition, there is also a growing concern for sustainability in the industry, with manufacturers exploring ways to reduce their carbon footprint and adopt more environmentally-friendly practices. Overall, the Fiber Optic Cable Manufacturing industry is poised for continued growth and innovation in the coming years.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Fiber Optic Cable Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Fiber Optic Cable Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Fiber Optic Cable Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 5% | |||
| Architecture and Engineering Occupations | 10% | |||
| Engineers | 7% | |||
| Office and Administrative Support Occupations | 8% | |||
| Production Occupations | 55% | |||
| Assemblers and Fabricators | 31% | |||
| Electrical, Electronics, and Electromechanical Assemblers | 20% | |||
| Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers | 20% | |||
| Miscellaneous Assemblers and Fabricators | 11% | |||
| Metal Workers and Plastic Workers | 11% | |||
| Other Production Occupations | 9% | |||
Fiber Optic Cable Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Fiber Optic Cable Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Fiber Optic Cable Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Fiber Optic Cable Manufacturing industry. |
Source:
Innovation News
- Sep 15, 2023: American Cable Assemblies trademarks "AMERICAN CABLE ASSEMBLIES" - Fiber optics
- Sep 15, 2023: American Cable Assemblies trademarks "AMERICAN CABLE ASSEMBLIES" - Fiber optics
- Jun 20, 2023: Laser Peripherals trademarks "LP" - Lasers for medical use; medical laser fibers; fiber optic tools in the nature of laser delivery fibers for medical use; lasers for medical purposes
Recent Federal Contracts for Fiber Optic Cable Manufacturing- Apr 01, 2024: DIRECTV, LLC (El Segundo, CA) awarded $3,720
- Mar 25, 2024: MAYHEW TECHNOLOGY SOLUTIONS, LLC (Harrah, OK) awarded $960,273
- Mar 19, 2024: FIBER INSTRUMENT SALES, INC. (Oriskany, NY) awarded $8,277
- Mar 19, 2024: SENECA TELECOMMUNICATIONS, LLC (Salamanca, NY) awarded $51,155
- Mar 04, 2024: MCC INDUSTRIES INC (Minneapolis, MN) awarded $252,219
- Feb 20, 2024: GRAYBAR ELECTRIC COMPANY, INC. (Albuquerque, NM) awarded $56,115
- Apr 01, 2024: DIRECTV, LLC (El Segundo, CA) awarded $3,720
- Mar 25, 2024: MAYHEW TECHNOLOGY SOLUTIONS, LLC (Harrah, OK) awarded $960,273
- Mar 19, 2024: FIBER INSTRUMENT SALES, INC. (Oriskany, NY) awarded $8,277
- Mar 19, 2024: SENECA TELECOMMUNICATIONS, LLC (Salamanca, NY) awarded $51,155
- Mar 04, 2024: MCC INDUSTRIES INC (Minneapolis, MN) awarded $252,219
- Feb 20, 2024: GRAYBAR ELECTRIC COMPANY, INC. (Albuquerque, NM) awarded $56,115
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