Global Fiber Optics Market 2019-2023
About this market
Many consumers are increasingly shifting towards the next-generation telecommunication standards, which is expected to impact the market positively in the long run. Furthermore, various internet service providers are also focusing on investing in R&D and acquiring companies to enhance their market position and product portfolios. Owing to such rising adoption of next-gen telecommunication standards, Technavio’s analysts predict that the global fiber optics market will register a CAGR close to 10% by 2023.Market Overview
Increase in the number of FTTH homes and subscribers
The rising transition to FTTH among the consumers is one of the key drivers impacting the market’s growth positively in the forthcoming years. Advantages of FTTH including higher bandwidth and rising Internet speeds are likely to proliferate the growth of the market during the forecast period.
Growth of the VDSL market
Owing to the several advantages offered by the VDSL over conventional DSL technologies is impacting the market adversely. The VDSL technology offers broadband services at reasonable rates using twisted pair copper wires, in turn, hindering the growth of the market in the forthcoming years.
For the detailed list of factors that will drive and challenge the growth of the fiber optics market during the 2019-2023, view our report.
The fiber optics market has a moderately fragmented presence of several manufacturers focusing on the development of fiber optics with advanced features to meet the next-generation telecommunication standards. The market players are also engaging in strategic partnerships with several internet service providers to offer innovative products to the different end-users.
Technavio Announces the Publication of its Research Report – Global Fiber Optics Market 2018-2022
Technavio recognizes the following companies as the key players in the global fiber optics market: Corning, Fujikura, Optical Cable, Prysmian Group, Sterlite Technologies.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of next-generation telecommunication standards.”
According to the report, one of the major drivers for this market is the increasing number of FTTH homes and subscribers.
Further, the report states that one of the major factors hindering the growth of this market is the rapidly increasing growth of the VDSL market."