Microduct Cable Market Revenue Forecasted to Surpass $7.7 Billion by 2034 | Anticipated Compound Annual Growth Rate of 11.5%
In the ever-evolving world of telecommunications, the Global Microduct Cable Market is poised for significant growth over the next decade. According to recent projections, the market is expected to surge from approximately USD 2.7 billion in 2024 to around USD 7.7 billion by 2034, with a compound annual growth rate (CAGR) of about 11% to 11.5% between 2025 and 2034[1][2].
In 2024, single mode cables led the market, accounting for 68.4% of the global demand. The blowing installation method was most preferred, capturing 58.3% of the global market. Underground deployment dominated application types, representing 74.6% of global installations. Plastic remained the most widely used material type, contributing to 68.9% of the market share[3].
North America led the regional market in 2024, with a demand valued at USD 1.2 billion. Europe ranked second, with growing demand for high-speed internet across both metropolitan and rural regions. Asia Pacific emerged as a key market, fueled by its large population base and rapid rollout of fiber optic networks. Latin America showed steady progress, with moderate growth driven by initiatives to upgrade telecom networks. The Middle East & Africa are gradually scaling up their digital infrastructure[4].
The telecommunication industry was the primary end-user segment, driving 61.2% of total demand. Prysmian Group, a leading player in the market, launched the Sirocco Extreme 864f microduct cable, featuring 864 optical fibers within a 9.8 mm diameter, achieving record fiber density for installations. Prysmian's SiroccoXT range has been recognized at ISE Expo 2025, earning a Gold Innovators' Award for combining high density with long-term reliability[5].
Corning Incorporated also made strides in the market with the introduction of MiniXtend HD and Binderless FastAccess versions, offering industry-leading fiber density and faster cable access. Nestor Cables introduced an ultra-thin FRMU 1.8 mm microduct cable, suitable for harsh climates and improving blowing performance[6].
Flame retardant ducts were the top choice in duct type, making up 48.7% of total usage. As the market continues to grow, it is expected that advancements in technology and innovation will further drive demand and transform the telecommunications landscape.
[1] Global Microduct Cable Market Report, 2022 [2] Global Microduct Cable Market Size, Share & Trends Analysis Report by Material Type, by Duct Type, by End-User, by Region and Segment Forecasts, 2022 - 2034 [3] Global Microduct Cable Market Analysis and Forecast, 2024-2034 [4] Global Microduct Cable Market to Reach USD 7.7 Billion by 2034, Growing at a CAGR of 11% - 11.5% [5] Prysmian Group's SiroccoXT Range Wins Gold Innovators' Award at ISE Expo 2025 [6] Corning Introduces MiniXtend HD and Binderless FastAccess Microduct Cable Solutions [7] Nestor Cables Launches Ultra-thin FRMU 1.8 mm Microduct Cable
Data-and-cloud-computing technologies are increasingly being utilized in the telecommunications industry to enhance network efficiency, contributing to the growth of the Global Microduct Cable Market. As technology continues to advance, innovations in microduct cable solutions, such as those introduced by Prysmian Group, Corning Incorporated, and Nestor Cables, are expected to revolutionize the market landscape.
