The number of persons employed in the fiber optic cables industry in Spain saw fluctuations from 2013 to 2023, with an overall slight upward trend. Employment has increased intermittently, showing a rise between 2019 and 2023. As of 2023, there are 471 employees in the sector.
From 2020 to 2023, the employment figures grew modestly, marking year-on-year variations of -0.87% (2020), 1.32% (2021), 1.08% (2022), and 0.86% (2023). Over the past five years, the compound annual growth rate (CAGR) was 0.83%, indicating steady if unimpressive growth. In the forecasted period from 2024 to 2028, the employment is expected to grow to 495 employees by 2028, with a 5-year CAGR of 0.79% and an overall growth rate of 3.99%.
Future trends to watch for include advancements in fiber optic technology, increased demand for high-speed internet connectivity, and government investments in digital infrastructure which could further boost employment in the sector.
