Luton, Bedfordshire, United Kingdom, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Fiber Optics market.
According to Exactitude Consultancy, the global Fiber Optics Market size is expected to hit around USD 6.1 billion by 2029, expanding growth at a CAGR of 4.32% from 2022 to 2029.
Increasing demand for Fiber Optics is driving the growth of the market. These systems are used to easily transmit voice, data and images over distances of several meters to several kilometers. They have proven to benefit multiple applications, especially in the telecom sector. The development of Fiber Optics integrated infrastructure has greatly increased the demand for Fiber Optics Market. In addition, increasing deployment of broadband network architectures such as Fiber to the Home (FTTH), Fiber to the Premise (FTTP), Fiber to the Cabinet (FTTC) and Fiber to the Building (FTTB) has significantly increased the demand for fiber. Increased has. Driving demand for networks and fiber optic cables.
The growing need for reliable, high-speed, and scalable communication infrastructure networks has led to the widespread adoption of fiber optics. It is 10 times faster than standard cables and carries significantly more data than copper cables of the same diameter. For example, fiber-to-the-home (FTTH) deployments from AT&T Fiber and Verizon Fios can deliver lightning-fast file uploads and deliver 4K video seamlessly.
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Enterprises continue to innovate in fiber optic networks to reduce the construction, operation and maintenance (O&M) costs of optical distribution networks (ODNs). These efforts are expected to drive new technologies such as the Internet of Things (IoT) and his 5G, along with features such as high-bandwidth fiber connectivity. 5G focuses on Private Wireless Networks, but fiber optic connectivity is expected to play a key role in the network infrastructure. Fiber connectivity can meet the capacity to handle the massive amount of backhaul traffic generated by 5G.
Recent Developments:
- March 2020 – CommScope installed more around 1.5 million feet of copper cabling and 227 miles of fiber cables in Allegiant Stadium at Las Vegas, Nevada, the U.S. These fiber optic cabling is expected to deliver high-bandwidth connectivity, thereby truly compelling and providing interactive experience to Raiders fans.
- March 2019 – Microsoft Corporation in partnership with Facebook, Inc. launched Co-Packaged Optics (CPO) collaboration with the aim to guide technology vendors in the manufacturing and design of CPO approaches.
Report Scope of the Fiber Optics Market
| Report Highlights | Details |
| Market Size | USD 6.1 Billion by 2029 |
| Growth Rate | CAGR of 4.32% from 2021 to 2029 |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2029 |
| Segments Covered | Product Type, Application Type, Region Type |
| Companies Mentioned | Optical Cable Corporation (OCC), Corning Incorporated, OFS Fitel, LLC, Sterlite Technologies Limited, AFL, Prysmian Group, Finolex Cables Limited, Birla Furukawa Fiber Optics Limited |
Fiber Optics Market Players
From large companies to small ones, many companies are actively working in the fiber optics market. These key players include Corning Incorporated, Prysmian Group, Finisar, AFL Global, Sumitomo Electric Industries Ltd, LS Cable & System, Leoni AG, Furukawa Electric Co. Ltd., General Cable Corporation, Sterlite Technologies Limited, Optical Cable Corporation, and others.
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Key Market Segments: Fiber Optics Market
Fiber Optics Market by Type, 2020-2029, (USD Millions)
- Glass
- Plastic
Fiber Optics Market by Application, 2020-2029, (USD Millions)
- Telecommunication
- Premises
- Utility
- CATV
- Military
- Industrial
Regional Analysis
In North America, the need for high-capacity networks has led businesses to opt for fiber optic networks for both fixed and mobile services. According to a 2018 study conducted by the Fiber Broadband Association and his RVA, fiber was installed in approximately 41 million homes in the United States, connecting 18.6 million homes. Additionally, in the US, fiber deployments at home have increased by 17.0% since 2017. The demand for this technology is increasing in Europe due to the growing need for high bandwidth for communications and data services.
FTTH Council Europe continues to accelerate the availability of fiber-based high-speed networks for businesses and consumers. The Middle East, Africa and Latin America are expected to see significant growth in the coming years. In Latin America, operators are blazing a path of development towards full fiber networks. Major carriers are looking to increase their investment in FTTH and pursue an all-fiber strategy.
“Market for communication application segment to hold largest share throughout the forecast period”
In the telecommunications sector, optical fibers are used for various purposes. B. Point-to-point communications, entertainment, content delivery networks, access to Internet-enabled services, essential communications, news and infotainment. Factors such as expanding Internet user base, low-cost services offered by service providers, availability of low-cost communication devices, and increasing number of subscribers to various wireless and fixed communication devices are responsible for its growth.
Highlights of the Fiber Optics Market Report:
- Market Development: Comprehensive information about the emerging industry. This report analyses various segments across geographies
- Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the industry.
- Market Diversification: Exhaustive information about new launching, untapped geographies, recent developments, and investments in the market
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