Press release
Fiber Optics Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The fiber optics market is projected to grow from USD 4.9 billion in 2022 and is projected to reach USD 8.2 billion by 2027; it is expected to grow at a CAGR of 10.9% from 2022 to 2027.The growth of this market is driven by factors such as growing internet penetration and data traffic, rising number of data center facilities worldwide, and mounting demand for high bandwidth.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238443438
The growing adoption of 5G communication technology is revolutionizing the fiber optics industry. This technology is gaining more adoption across developing as well as developed economies such as Brazil, India, China, Japan, South Korea, US, Germany, France, the UK, among others. Implementation of 5G network requires high-bandwidth fiber optic cables for secure and reliable data transfers. Subsequently, the expansion of telecommunication infrastructure across developing as well as developed economies will drive the fiber optics market growth in the near future.
The market for aerial deployment segment is expected to grow at high rate during the forecast period. Aerial optical fibers are majorly insulated cables, which contain all fibers required for a telecommunication line. These cables are suspended between utility poles or electricity pylons and are majorly used for fiber to the home (FTTH) applications. These cable provides high flexibility, cost efficiency and provides high speed deployment rate, which increases its adoption among telecom operators. In April 2022, Open reach Limited (UK) announced that it has installed full-fiber broadband to more than 7 million homes and businesses across the UK. The company reported that it was installing about 800 meters of cable every minute and covering more than 50,000 new homes and businesses every week. The deployment was majorly aerial type in the UK. The company also aims to deploy optical fiber to approximately 25 million premises by 2026. The high-speed deployment rate provided by aerial segment will fuel new market opportunities.
The industrial application segment will grow at a faster rate in fiber optics market during forecast period. Favorable government investments to increase the development of smart factory infrastructure is expected to present growth opportunities to fiber optic vendors. In November 2020, the South Korean Government announced plans to build 1,000 new smart factories in the country by 2025. These smart factories are incorporated with automated assembly lines, sensors, conveyor systems, etc. that require continuous connectivity over fiber optics. This will foster the demand for fiber optics in the coming years across the industrial sector.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=238443438
In terms of geographic coverage, the fiber optics market has been segmented into four regions, namely, North America, Europe, Asia Pacific and Rest of the World (RoW). The market in Asia Pacific is expected to record the highest growth rate during the forecast period. The market growth is credited to the increasing number of infrastructure development and smart cities projects in China, South Korea and Japan. The proliferation of smart cities will further increase the penetration of smart transportation, smart utilities, smart buildings, and communication infrastructure, that requires fiber optics solutions. This is expected to fuel the fiber optics market growth in coming years.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fiber Optics Market Set to Grow at the Fastest Rate- Time to Grow your Revenue here
News-ID: 2678325 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for South
South Florida's Continuum South Beach Emerges as One of the Most Coveted Propert …
The Continuum South Beach reigns supreme as a highly coveted condominium in South Florida, presenting an array of offerings that ensure an elevated quality of life.
Miami beach, FL - Continuum South Beach [https://www.continuuminsouthbeach.com/] presents a sanctuary of lavishness, featuring opulent apartments and a breathtaking riverfront location in close proximity to the finest attractions of Miami Beach. These extraordinary residences are discreetly nestled within this prestigious condominium, specifically within the Continuum…
Green Cool UK Expand Air Conditioning Services in South Wales and the South West
Cardiff, South Wales - Green Cool UK, the UK's leading air conditioning and refrigeration company, are pleased to announce the extension of their services in South Wales, including Cardiff, Swansea, Newport and into Bristol and the South West. With over 18 years experience in the HVAC industry Green Cool UK supply high performance air conditioning systems and green energy solutions for domestic and commercial customers.
As air conditioning and refrigeration experts…
2024 South Africa International Industrial Exhibition and China (South Africa) I …
Exhibition time: September 19-21, 2024
Exhibition location: Sandton Convention Centre, Johannesburg
Organizer: South Africa Golden Bridge International Exhibition Company
Exhibition introduction
The South African International Industrial Exhibition [https://www.vovt-diesel.com/] and China (South Africa) International Trade Fair is a large-scale international exhibition held to promote Chinese enterprises to explore the African market. Relying on the advantageous resources of the local government, business associations and industry organizations in South Africa, it builds a pragmatic and efficient platform…
Stem Cell Therapy Market | Smith+Nephew (UK), MEDIPOST Co., Ltd. (South Korea), …
Stem Cell Therapy Market in terms of revenue was estimated to be worth $286 million in 2023 and is poised to reach $615 million by 2028, growing at a CAGR of 16.5% from 2023 to 2028 according to a new report by MarketsandMarkets. The global stem cell therapy market is expected to grow at a CAGR of 16.8% during the forecast period. The major factors driving the growth of the…
Global Pajamas Market Report - Japan, Europe, South Korea, Asia and America ( No …
Recently we published the latest report on the Pajamas market. The report on the Pajamas market provides a holistic analysis, of market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 15 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The Pajamas market analysis includes product segment and geographic landscape.
The…
South Africa Agriculture Market, South Africa Agriculture Industry, South Africa …
The South Africa has a market-oriented agricultural economy, which is much diversified and includes the production of all the key grains (except rice), deciduous, oilseeds, and subtropical fruits, sugar, wine, citrus, and most vegetables. Livestock production includes sheep, cattle, dairy, and a well-developed poultry & egg industry. Value-added activities in the agriculture sector include processing & preserving of fruit and vegetables, crushing of oilseeds, chocolate, slaughtering, processing & preserving of…