Hardware Segment is Expected to Dominate the Global Fiber Optics Market
Increasing Demand for High-Speed Internet and Bandwidth-Hungry Applications are the factors propelling the market
growth.
According to
TechSci Research report, “Global Fiber Optics Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”.
Global Fiber Optics is anticipated to project robust growth in the forecast
period with a CAGR of 9.38% through 2028. The
growing need for reliable, high speed and scalable communication infrastructure
network has led to the high adoption of optical fiber. It is ten times faster
than standard cables and carries much more data than copper cables of the same
diameter. For instance, Fiber to the Home (FTTH) deployments by AT&T Fiber
and Verizon Fios delivers ultra-fast file uploads and can deliver 4K videos
seamlessly. The companies are continuously making efforts to make innovations
in fiber networks to decrease the optical distribution network (ODN)
construction and operations and maintenance (O&M) costs.
These
efforts, as well as features like high bandwidth connectivity of optical fiber,
are expected to drive the emerging technologies like the Internet of
Things (IoT) and 5G among others. Even though 5G is more into wireless
connection, fiber connectivity is expected to play an important role in network
infrastructure. Fiber connectivity can fulfill the aptitude of handling the
vast amount of backhaul traffic generated in 5G.
The
advent of IoT and cloud computing has driven the need for higher bandwidth and
better connectivity in workplaces and commercial office buildings. Fiber optics
is considered the ideal solution as it provides a reliable, and secure
connection among IoT devices. The IoT devices can be at any point across the
supply chain, at a worksite, in an assembly line, in a factory, or a warehouse.
The fiber connectivity helps in data transmission among devices which further
aids in processing the information. Moreover, in environments where it is
difficult for wireless networks to operate, optical fiber components can be the
best means for transmitting and handling data in such areas. For instance, in
the oil and gas industry, optical fiber helps in sensing and monitoring large
amounts of data such as asset locations, temperature, and oil reserve levels
among other applications.
Browse
over xx market data Figures spread through 188 Pages and an in-depth TOC on " Global Fiber Optics Market.”
Based
on Component, Hardware segment will dominate the market, Hardware segment will
dominate the market, The hardware segment is further sub-segmented into optical
fiber cables, connectors, adapters, attenuators, modules/enclosures, and
others. Similarly, the services segment is further categorized into
professional and testing services. Among these, the hardware segment holds the
largest market share, whereas the services segment is projected to be the
fastest-growing segment during the forecast period. Hardware components like
cables, connectors, adapters among others offer higher bandwidth and can
transmit data over larger distances. These components are also very less vulnerable
to electromagnetic interference. These features of fiber connectivity make it
ideal for high performance and long-distance data networking and
telecommunications.
Based
on Region, Asia Pacific will dominate the market, Asia Pacific is expected to
dominate the market during the forecast period. Asia Pacific captures the
highest share, whereas Europe is projected to be the fastest-growing region
during the forecast period. In recent years, China accounted for the highest
demand for optical fiber cables. The telecom operators in China have installed
fiber in almost every telecom application right from intercity, intracity to
mobile cellular systems. Chinese government authorities and companies are
embracing fiber optical systems in an electric power grid, pipelines, highways,
railways, airports, data centers, among others. Further, the emergence of 5G is
expected to increase the demand for fiber in the coming years in China and
other Asian countries.
Key
market players in the Global Fiber Optics Market are following: -
- Adtell
Integration
- Adtran,
Inc.
- ADVA
Optical Networking
- Broadcom,
Inc.
- Ciena
Corporation
- Cisco
Systems, Inc.
- CommScope
- Corning,
Inc.
- Finisar
Corporation
- Fujitsu
Optical Components Ltd.
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“The
fiber optics market is driven by several key factors that are shaping the
modern world of communication and data transmission. Increasing demand for
high-speed internet, particularly for bandwidth-intensive applications like 5G,
video streaming, and cloud computing, has significantly boosted the adoption of
fiber optics. Data centers, which are the backbone of the digital age, rely on
fiber optics for their high-capacity, low-latency connections. The growth of
the Internet of Things (IoT) and the expansion of smart cities and industrial
automation further emphasize the need for robust, high-speed data transmission,
making fiber optics indispensable. Moreover, the energy efficiency and
environmental sustainability of fiber optics are increasingly important,
aligning with global green initiatives. Technological advancements, government
support, and the ongoing evolution of the market ensure that fiber optics will
continue to be a fundamental driver in the global telecommunications and
networking landscape.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
Fiber Optics
Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Component
(Hardware, Software, Services), By Application (Telecommunication, Smart
Cities, Power Utilities, Aerospace and Defense, Industrial Automation and
Control, Renewable Energy, Others), By Region, By Competition 2018-2028 has evaluated the future growth
potential of Global Fiber Optics Market and provides statistics and information
on market structure, size, share, and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities
present in the Global Fiber Optics Market.
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