Lit fiber market is anticipated to grow at a significant CAGR of 16.6% during the forecast period (2024-2031).  Lit fiber refers to fiber optic cables that are currently in use by a service provider to transmit data.  Lit fiber networks are active, using light pulses to transmit data through fiber optic cables containing thin strands of glass. Furthermore, lit fiber carries data much faster compared to traditional copper cables that use slower electrical signals.

Market Dynamics

Increasing adoption of FTTH technology

The lit fiber market is highly driven by the increasing adoption of fiber-to-the-home (FTTH) technology. FTTH technology is the most advanced and efficient technology for delivering high-speed internet. FTTH technology is being adopted by many service providers due to its offered advantages, such as higher speeds, lower costs, and improved reliability. The lit fiber market is expected to benefit from the increasing adoption of FTTH technology. In the context of broadband network architecture, the term "fiber-to-the-premises" refers to any design that implements the use of fibre optics as the optical medium for data transmission in a local loop intended for use in last-mile communications. The terms FTTH, FTTP, FTTB, FTTN, and FTTC are all included under the FTTx umbrella. Additionally, the number of apps that facilitate communication is continually expanding, and each of these applications has characteristics that call for a greater bandwidth and better speed.

An Increasing Investments In Fiber Infrastructure

The increasing investments in fiber infrastructure is further contributing to the global market. Fiber infrastructure is being installed in many countries around the world to provide high-speed internet access. The installation of fiber infrastructure is being driven by the governments of many countries, who are investing in fiber infrastructure to improve the economy and create jobs. The lit fiber market is expected to benefit from the increasing investments in fiber infrastructure.

Market Segmentation

Our in-depth analysis of the global lit fiber market includes the following segments by type, connectivity, and application:

• Based on type, the market is sub-segmented intosingle-mode and multi-mode.

• Based on connectivity, the market is bifurcated intoon-net and off-net.

• Based on application, the market is augmented into networking, IT & telecommunication, industrial, aerospace & defense and others.

Multi-mode is Projected to Emerge as the Largest Segment

The multimode segment procured the largest revenue share of the lit fiber market. The growth of this segment is significantly rising due to the fact that this method of transmission is most appropriate for short distances. It's mostly utilized in video surveillance as well as LAN (Local Area Network) networks. Over many light modes, multi-mode cables may readily transfer several light beams with increased attenuation and less brightness.Multi-mode fiber is used for connections over 400 meters. It has a larger core and is comparatively inexpensive than single-mode fiber, increasing its global adoption.Multi-mode cables can easily transmit several light rays with higher attenuation and less brightness over multiple light modes. These consume less power than single-mode, making them ideal for use in a data center. Multi-mode cables can be installed and terminated quickly, allowing network engineers to upgrade a network across premises. 

Networking Sub-segment to Hold a Considerable Market Share

The networking segment hold a considerable market share of the lit fiber market. Lit fiber connections carry data at faster speeds than copper cables. It enables organizations to leverage lit fiber for cloud-based applications, data-intensive applications, and high bandwidth infrastructure. The increasing adoption of lit fiber in this sector is attributed to the increasing demand for high-speed connectivity in this industry. Data is transmitted at a faster rate via lit fiber connections than over copper wires. Cloud-based apps, data-intensive applications, and high-bandwidth infrastructure can all benefit from illuminated fiber.

Regional Outlook

The global lit fiber market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific is anticipated to exhibit considerable CAGR in the lit fiber market. The factors driving growth in this region are the increasing number of technological advancements with widespread usage of technology in the IT, telecommunications, and administrative sectors. Furthermore, the strong penetration of lit fiber cables in the industrial, aerospace, and defense sectors throughout Asia-Pacific is augmenting the growth of the regional market.

Global Lit Fibre Market Growth by Region 2024-2031

North America Holds Major Market Share

Among all the regions, North AmericaNorth America held the largest revenue share and is estimated to continue leading over the forecast period.The increasing network management companies and improved infrastructure facilities in households that run through internet connections are driving market growth. The advancements in the industries using internet connectivity technology to operate in remote areas are amplifying the market trends.  Extending consumption of broadband connections in the coming years is proposed to augment the market growth.Increasing penetration of internet service, demand for enhanced communication, mobile data, network management, and user inclination towards 5G network services are propelling the growth. The region has a well-developed infrastructure that eases the deployment of lit fiber connections across North America.

Market Players Outlook

*Note: Major Players Sorted in No Particular Order.

The major companies serving the global lit fibermarket includeAT&T, Inc, Altice USA, Inc.,Comcast Corporation, Crown Castle International Corp.,among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in August 2021, FiberLight, LLC, a fiber infrastructure provider, partnered with Coloblox Data Centers to offer lit and dark fiber services in Coloblox's ATL1 Atlanta data center. This partnership allows Coloblox customers to gain distinct connectivity options and other benefits as they continue transitioning to a hybrid work environment.

The Report Covers

• Market value data analysis of 2023and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global lit fibermarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.