Fiber
Optical Fiber and Plastic Conduit Market to Reach $11.77 Bn, Globally, by 2026 at 20.6% CAGR: Allied Market Research
PORTLAND, OREGON, UNITED STATES, October 18, 2022 /EINPresswire.com/ — Allied Market Research revealed a report, titled, “Optical Fiber and Plastic Conduit Market by Mode (Single Mode, and Multimode), Product Type (Glass Optical Fiber, and Plastic Optical Fiber), Connectivity (FTTH, and FTTB), Industry Vertical (Telecom & IT, Public Sector, Healthcare, Energy & Utilities, Aerospace & Defense, Manufacturing, and Others), and Plastic Conduit Market in Telecom & IT by Product (Rigid Conduits, and Flexible Conduits): Global Opportunity Analysis and Industry Forecast, 2018–2026.” According to the report, the worldwide optical fiber and plastic conduit business generated $4.15 billion in 2018, and is anticipated to attain $11.77 billion by 2026, registering a CAGR of 20.6% from 2019 to 2026.
Prime Determinants of Growth
Widespread implementation of 5G, rise in adoption of fiber to the house (FTTH) connectivity, introduction of the web of issues (IoT), and demand for extremely safe and protected wiring methods drive the expansion of the worldwide optical fiber and plastic conduit market. However, excessive set up price of optical fiber and conduits and rise of the wi-fi communication methods hinder the market progress. On the opposite hand, rise in investments in optical fiber cable (OFC) community infrastructure and rising developments towards cable-in-conduits methods create new alternatives out there.
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Plastic Optical Fiber Segment to Maintain Its Lead Position throughout the Forecast Period
Based on product kind, the plastic optical fiber phase contributed to greater than three-fifths of the whole share of the worldwide optical fiber market in 2018 and is anticipated to preserve its lead place throughout the forecast interval. This is due to rise in adoption in residence networks, digital residence home equipment, industrial networks, and automobile networks. Moreover, the glass optical fiber phase is estimated to register the most important CAGR of twenty-two.3% from 2019 to 2026, owing to advantages akin to larger bandwidth, immunity to interference from vibrations & electrical energy, and light-weight.
Flexible Conduits Segment to Continue Its Lead Position when it comes to Revenue By 2026
Based on connectivity, the phase of the versatile conduit held the very best market share of the worldwide plastic conduit market within the IT and telecom market, accounting for greater than two-thirds of the whole share in 2018, and is estimated to proceed its lead place when it comes to income throughout the forecast interval. This is due to enhance in set up work for business and home wirings within the IT & telecom sector. However, the inflexible conduits phase is estimated to develop at CAGR of 10.2% from 2019 to 2026, owing to its options akin to prevention of corrosion & water harm and discount within the electromagnetic fields which might be fashioned by electrons flowing via the conductors.
North America to Maintain Its Dominance throughout the Forecast Period
Based on area, North America accounted for the very best market share when it comes to income, accounting for almost two-fifths of the worldwide optical fiber and plastic conduit market in 2018, and is anticipated to preserve its dominance throughout the forecast interval. This is attributed to rise in funding in protection industries, want to improve the safety infrastructure, and large-scale acceptance within the telecommunication sector. However, Asia-Pacific is anticipated to preserve the quickest CAGR of 13.4% from 2019 to 2026, owing to rise in penetration of the Internet in creating nations, akin to India, China, and Taiwan, enhance in industrialization, and enhance in consciousness related to advantages of the expertise.
Leading Market Players
Fujikura Ltd.
Corning Incorporated
Sterlite Technologies Ltd.
Furukawa Electric Co., Ltd.
The Prysmian Group
Emtelle
Hexatronic Cables & Interconnect Systems
Kuhkenah Network (Okay-Net)
Cantex Inc.
Atkore International
Dura-Line
Prime Conduit
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