Market Research Report
Global Fiber Optics Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||350476|
|Published||Content info||113 Pages
Delivery time: 1-2 business days
|Global Fiber Optics Market 2019-2023|
|Published: November 14, 2018||Content info: 113 Pages||
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.
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.
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.