Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Fiber Optics Market by Application and Geography - Forecast and Analysis 2020-2024By: Technavio Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. The increase in the number of FTTH homes and subscribers is the key factor driving the market growth. A higher number of customers are opting for fiber optic connections to leverage broadband services. This reduces the requirements for customer premises equipment (CPE) and distribution point unit (DPU). Report Highlights: • The major fiber optics market growth came from telecom sector. The rise in FTTx applications has been a major driver for the telecom sector growth since it facilitates optical fiber connection for last-mile connections. The emergence of 5G communication technology will also be a major factor supporting the growth of the global fiber optics market in the telecom segment. • APAC was the largest fiber optics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing number of telecom subscribers and the deployment of fiber optics in communications will significantly drive fiber optics market growth in this region over the forecast period. • The global fiber optics market is fragmented. CommScope Holding Co. Inc., Corning Inc., Fujikura Ltd., Hitachi Ltd., Leoni AG, LS Cable & System Ltd., Optical Cable Corp., Prysmian Spa, Sterlite Technologies Ltd., and Sumitomo Electric Industries Ltd. Are some of the major market participants. To help clients improve their market position, this fiber optics market forecast report provides a detailed analysis of the market leaders. • As the business impact of COVID-19 spreads, the global fiber optics market 2020-2024 is expected to have Negative and Inferior. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts. The Rise in Global Internet Traffic will be a Key Market Trend Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report - https://www.technavio.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|