Dublin, September 6, 2022 (GLOBE NEWSWIRE) — The “market of fiber optics "By fiber type (glass, plastic), cable type (single-mode, multi-mode), deployment (underground, submarine, aerial), application, and region (North America, Europe, APAC, rest of the world) – Global forecast to 2027" was added to the ResearchAndMarkets.com offering.
The market is projected to fiber optics grow from USD 4.9 billion in 2022 and reach USD 8.2 billion by 2027; it is expected to grow at a compound annual growth rate of 10.9% between 2022 and 2027.
The growth of this market is driven by factors such as increasing internet penetration and data traffic, the growing number of data center facilities worldwide, and the increasing demand for high bandwidth.
The market for the single-mode segment will grow at a high CAGR during the forecast period.
The single-mode segment is expected to experience strong growth during the forecast period. This market growth is attributed to the increasing demand for single-mode fiber optic cables from telecommunications service providers worldwide. Telecommunications companies primarily use single-mode fiber optic cables for long-distance and high-bandwidth requirements. This growing demand has led market players to focus on developing and launching new products.
For example, in February 2021, Yangtze Optical Fiber and Cable Joint Stock Limited Company (China) launched 'X-band', a new optical fiber brand that will focus on manufacturing ultra-small diameter, bend-insensitive single-mode fibers. Such active brand and product launches are expected to drive market growth during the forecast period.
The air deployment segment will grow at a high CAGR during the forecast period.
The aerial deployment segment is expected to experience significant growth during the forecast period. Aerial deployment offers several advantages, including cost-effectiveness, ease of repair and maintenance, and faster deployment compared to other media. Aerial deployment is particularly well-suited to areas with flat terrain and minimal undulations. The increasing penetration of over-the-top (OTT) media services is expected to further boost aerial deployment. fiber optics.
Post time: Nov-25-2022
