The global fiber optics market is mainly driven by extensive applications in the IT & Telecommunication industry across the globe. Several compelling reasons results to the widespread adoption of fiber optic cabling for telecommunications application such as much lower levels of signal attenuation, fiber optic cables are much lighter than the coaxial cables that might otherwise be used, fiber optic cabling provides a much higher bandwidth allowing more data to be delivered and fiber optics do not suffer from stray interference pickup that occurs with coaxial cabling.
Fiber optics areextensively used for the deployment of advanced digital technology such as 5G, big data and Internet of Things(IoT) owing to its high bandwidth and speed. The introduction of 5G technology has improved the capacity and lower latency straight to networks. The fiber optics has supported the implementation of 5G networks due to its security, scalability, and ability to handle a large amount of backhaul traffic that is being generated. Thus, anticipated to create a large market opportunity for the fiber optics market in the IT and telecom sectors.
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Further, several programs to promote digitalization has been reported across the countries. For instance, in July 2015, the Digital India campaign was launched by the Indian government. The objective of the campaign is to digitally empower the country and its people, introduce a better quality of life, and improve infrastructure.
Fiber optics are mainly used in telecommunication services includes telephones, the internet, and television. For instance, companies such as Google, LLC and Verizon System, Inc. use fiber optics in their Google Fiber and Verizon FIOS services, offering high internet speeds to users. Moreover, advancement in technology in the telecom industry has increased the deployment of broadband network architectures. The various prominent broadband networking architectures such as Fiber to the Home (FTTH) and Fiber to the Building (FTTB) which necessitate the large scale deployment of fiber optics networks, propel the demand for fiber optic cables.
Global Fiber Optics Market- Segmentation
By Cable Type
By Application
Global Fiber Optics Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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