Enabling network experts to manage and repair the network
easily has increased its dependability and is recognized as the
major factor augmenting the lit fiber market share across the
globe. While, the swift increase in the adoption of broadband
network architecture can also linked to the technological
developments in the lit fiber industry.
NEWARK,
Del., July 1, 2022 /PRNewswire/ -- The global
lit fiber market is expected to witness an impressive growth
rate of 16.7% over the forecasted years of 2022 to 2032. The lit
fiber market size is anticipated to reach a valuation of around
US$ 20 Billion by the end of year
2032 from the current valuation of US$ 4.28
Billion in 2022.
Lit fiber has been used in the IT and telecommunications sectors
for a number of noteworthy applications since its beginnings. But
in recent years, the sales of lit fiber have grown as a
result of the discovery of various more unique applications.
Compared to conventional copper lines, lighted fiber is
more durable and extremely resistant to the dangers and traffic
found in the previous system. Over the years, the demand for lit
fiber has strengthened as an active cable that is set up,
controlled, and maintained exclusively by service providers.
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Elevated level of data transfer via short- and
long-distance communications is made possible by fiber
optics that is observed to have strengthened the lit fiber
market opportunities. For connectivity, industrial, IT and
communications, and security applications, a number of
international businesses have started providing illuminated
fiber connectivity proliferating the market further.
Increased investment in research and development by key actors
leads to the creation of new technologies, and advancements in
fiber optic connectivity that is predicted to increase the
competition among lit fiber market participants.
Key Takeaways from Market Study:
- The overall growth of the global lit fiber market is
estimated to be around US$ 15.7
Billion during the coming decade by following the average
CAGR of 16.7%.
- The global market for lit fiber is dominated by
multi-modal fiber segment, which is estimated to grow at a rate of
16.3%, while the single-mode segment is projected to develop at the
fastest pace of 17.2%.
- The higher selling segment, which accounts for over 60% of the
sales revenue, is the lit fiber on-net connectivity items that is
expected to grow at a CAGR of 17% during the projection period. And
from the other front, the off-net lit fiber segment has grown in
popularity recently and is expected to increase the sales of lit
fiber over the years 2022 to 2032.
- With a market dominance the networking application segment have
historically been the key driver of lit fiber industry
expansion. However, due to the product's growing popularity, a
31.7% growth rate in this segment is anticipated throughout the
anticipated time frame.
- Of the world's major geographical areas, North America accounts for more than 28% of
the global lit fiber market. In contrast, the Asia Pacific lit fiber market has recently
picked up steam and is expected to increase at an above average
CAGR from 2022 to 2032.
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Competitive Landscape
The global lit fibre industry is highly fragmented
and is anticipated to see an increased competition in the coming
days as a result of the existence of several illuminated fibre
market rivals. The major lit fibre companies
are prioritising growing their customer base and serving
underdeveloped areas at the same time as their major strategy to
penetrate wider market.
Some of the well-known market players are among
- AT&T
- Attice USA
- Comcast
- Crown Castle Fiber
- Frontier
- GigabitNow
- Lumen
- Spectrum Enterprise
- Verizon
- Zayo among others
Recent Developments in the Global Lit Fiber Market:
- In line with the target of providing lit plus dark fibre
connectivity at Coloblox's ATL1 Atlanta data centre, FiberLight, LLC, which is
a vendor of optical equipment, joined forces in August 2021.
Lit Fiber Market by Segmentation
By Type:
By Connectivity:
By Application:
- Networking
- IT & Telecommunication
- Industrial
- Aerospace & Defense
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic
Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative
Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter's Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Lit Fiber Market Analysis 2017-2021 and Forecast,
2022-2032
4.1. Historical Market Size Value (US$ Mn)
Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn)
Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend
Analysis
4.2.2. Absolute $ Opportunity
Analysis
TOC continued...!
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About the Technology Division at Future Market
Insights
The technology team at Future Market Insights offers expert
analysis, time-efficient research, and strategic recommendations
with an objective to provide authentic insights and accurate
results to help clients worldwide. With a repertoire of over 100+
reports and 1 million+ data points, the team has been analyzing the
industry lucidly in 50+ countries for over a decade. The team
provides a brief analysis of key trends including competitive
landscape, profit margin, and research development efforts.
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