RF-over-Fiber Market by Component, Frequency Band (L, S, C, X, KU, and KA), Application (Telecommunications, Radar, Navigation, Broadcast, and Broadband), Vertical (Civil and Military), and Geography - Global Forecast to 2023
RF over fiber market is estimated to grow at a CAGR 10.97% during the forecast period”
The RF over fiber market is expected to grow from USD 336.3 million in 2018 to reach USD 566.1 million by 2023, at a CAGR of 10.97% during the forecast period. Increasing cellular communication is generating greater demand for RFoF solutions for both consumer and industrial applications. The increasing adoption of smartphones, the growing use of social networks and digital broadcasting of TV programs, and the rising need for high-speed cellular connectivity worldwide are the leading factors for the increasing deployment of RF over fiber products. The installation cost of RFoF products for applications such as distributed antenna systems (DAS), FTTx, and broadcasting depends on many factors such as the frequency range, distance, and communications. The installation cost of RFoF varies with the frequency range whether it is VHF, UHF, or Public Safety frequencies of 700-800 MHz. If it includes all of the above, it is going to be much more expensive than just one of those frequency bands. This is the factor that restraint the growth of the RF over fiber market.
“RF over fiber market for the civil vertical is expected to grow at a high rate during the forecast period”
Owing to the broad deployment of VoIP, long-term evolution (LTE), 2G, 3G, 4G, and 5G networks all over the world, various operators have been continuously investing and actively playing a crucial part in bringing innovations in network access. The growing internet use and continuous improvements in internet applications drives the RF over fiber market growth for the civil vertical.
“Broadband is expected to be the fastest-growing application in the RF over fiber market during the forecast period”
The RF over fiber market for broadband is expected to grow at a high rate between 2018 and 2023. Broadband communication can be deployed in short time using RFoF technologies for facilitating connectivity in events and concerts, remote or disaster-affected locations, and in other emergency situations where connectivity needs to be established on short notice.
“APAC to be the fastest-growing market for RF over fiber during the forecast period”
The market in APAC is expected to grow at the highest rate between 2018 and 2023. The demand for RFoF is largely driven by the increased need for higher bandwidth data from a large number of smartphone users in this region, particularly in China and India. These 2 countries are among the largest adopters of smartphones, and the consumption of mobile data is also significantly high in these nations.
Break-up of the profiles of primary participants for the report is given below.
By Company Type: Tier 1 - 26%, Tier 2 - 32%, and Tier 3 - 42%
By Designation: C-Level Executives - 52%, Directors - 23%, and Managers - 25%
By Region: North America - 44%, Europe - 29%, APAC - 23%, and RoW - 4%
The report also profiles key players in this market, which include Finisar (US), HUBER+SUHNER (Switzerland), Emcore (US), Gooch & Housego (UK), Seikoh Giken (Japan), Apic Corporation (US), DEV Systemtechnik (Germany), Foxcom (Jerusalem), Glenair (US), Optical Zonu (US), and Vialite Communication (UK).
This research report categorizes the global power over RF over fiber market on the basis of component, frequency band, application, vertical, and geography. It also describes major drivers, restraints, challenges, and opportunities pertaining to the market and includes the value chain analysis and market ranking analysis.
Reasons to Buy the Report:
The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities pertaining to the market.
Illustrative segmentation, analyses, and forecast have been conducted based on the component, frequency band, application, vertical, and geography to give an overall view of the RF over fiber market.
The detailed competitive landscape includes key players, in-depth analysis, and organic and inorganic strategies adopted by key players.