Lit Fiber Market Size & Share, by Type (Multi-Mode, Single-Mode); Connectivity (On-Net, Off-Net); Application (Networking, IT & Telecommunication, Industrial, Aerospace & Defense) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5621
  • Published Date: Feb 07, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Lit Fiber Market size is expected to cross USD 39 Billion by the end of 2036, growing at a CAGR of 17% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of lit fiber was over USD 5 Billion. In response to the growing need for mobile data and the arrival of 5G services, telecom service providers are actively acquiring existing fiber and investing in the development of new infrastructure. This is a reaction to the impending availability of 5G services. More generally, it is anticipated that the rollout of 5G would coincide with a rise in global data consumption estimates indicate that by 2028, mobile data traffic will reach about 330 exabytes per month, more than tripling the amount used in 2022. By the end of 2023, 45% of the world's population is expected to be covered by 5G, and by 2029, that percentage is expected to rise to 85% or more.

In addition to these, two further factors that are expected to fuel the growth of the dark fiber network industry over the anticipated period are the audience of users of portable devices' ever-increasing bandwidth requirements and cable providers' compulsory conversion to HD video quality.


Lit Fiber Market
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Lit Fiber Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 17%

Base Year Market Size (2023)

 ~ USD 5 Billion

Forecast Year Market Size (2036)

 ~ USD 39 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Lit Fiber Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rising Demand for Internet Use, Lit Fiber Cables Now Dominate the Market- The Internet is a global network of interconnected devices. Fibre optics is the backbone of the internet, data is sent from one source to another via lighted fibers. The majority of people on the planet have utilized the internet in recent years. Currently, 5.03 billion people use the internet globally, making up 63.1 percent of the world's population. The population using the internet is also rapidly growing. Internet consumption is driven by the expanding significance of cloud computing, IoT, and data transit and storage. The number of internet users is predicted to increase quickly in the next years as more and more businesses and individuals resort to cloud computing for a variety of functions.
  • The Market Is Growing Due to The High Demand for FTTx- Any broadband service design known as FTTx uses lit fiber as the optical channel for last-mile telecommunications, allowing data to be transmitted in a local loop. FTTH, FTTB, FTTP, FTTN, and FTTC are all included in FTTx. Lit fiber's capacity to accommodate higher bandwidth at faster speeds has made it a crucial element for network evolution. Applications for communication are continually growing, and some of these features require higher bandwidth and faster speeds. Advanced uses include IoT, OTT, and video technology. As the use of these applications grows, more network topologies like FTTH and FTTB are required. The most bandwidth-intensive technologies are those that use video.
  • Increasing Usage of OTT Platform- The term "over-the-top" (OTT) describes how media content is distributed online, including audio, video, and other formats. To access the material, users of over-the-top (OTT) services do not require a subscription to traditional cable or satellite pay-TV services. Similar growing trends are being seen in over-the-top (OTT) and video technologies. In the US, two of the most well-known over-the-top (OTT) entertainment providers are SlingTV and Hulu. According to estimates, the OTT Video market would have 3,508.0 million users by 2027. Consequently, as OTT consumers continue to increase, so too will lit fiber market demand.

Challenges

  • Cables are Delicate Nature Will Limit Market Growth- Fiber is more prone to physical or mechanical damage than traditional metal wirings since it is thinner and lighter. During building renovations, lit fiber cables are easily destroyed or cut by accident. Even a single cut in the wire can cause significant difficulty. In order to prevent cable breakage, this must be inspected before to deployment.
  • Installing illuminated fiber is costly. Additionally, the user would need qualified personnel to install the Lit fiber equipment and specialized equipment to guarantee the connection is stable. The user may incur significant costs at the end of the lit fiber installation process.
  • Globally, the COVID-19 pandemic has had a substantial negative impact on the economy in a number of ways, indicating an unprecedented disruption in trade by forcing numerous suppliers to scale back on the construction and manufacturing of lit fiber network equipment.


Lit Fiber Segmentation

Application (Networking, IT & Telecommunication, Industrial, Aerospace & Defense)

Based on application the IT & telecommunication segment in the lit fiber market is attributed to hold largest revenue share of about 35% during the forecast period. The proliferation of data coming from various sources, such as computer networks, e-commerce, the internet, and multimedia (voice, data, and video), has made the creation of a transmission medium that can handle such massive volumes of data necessary. Lit Fiber connections have an infinite bandwidth, making them the ideal solution. An essential part of the infrastructure for telecommunications is lit fiber cable. For the past ten years, lit fiber has dominated the transmission landscape, meeting the growing demands for bandwidth, especially from telecommunications companies. In order to backhaul massive amounts of data at high speeds while improving dependability and reducing latency, faster fiber installation is essential. The telecom providers in the area are adding more spectrum to their offerings. In August 2022, for instance, Bharti Airtel projects that the Department of Telecom (DoT) will get Rs 8,312 crore for spectrum that was acquired in the just concluded 5G auctions.

Type (Multi-Mode, Single-Mode)

The multi-mode segment is expected to hold 67% share of the global lit fiber market during the forecast period. The growth of the market is because this transmission mechanism is most appropriate for short distances, this portion grows quickly. It is mostly utilized in LAN networks and video surveillance. Many light beams with greater attenuation and less brightness may be transferred across numerous light modes with ease using multi-mode wires. The market for multi-mode fiber cable will expand due to consumers' growing need for higher bandwidth and faster connection times. Businesses and consumers are demanding more bandwidth due to the rise in internet usage for social networking, gaming, video chats, and online shopping.

Our in-depth analysis of the global lit fiber market includes the following segments:

     Type

  • Multi-Mode
  • Single-Mode

     Connectivity

  • On-Net
  • Off-Net

     Application

  • Networking
  • IT & Telecommunication
  • Industrial
  • Aerospace & Defense

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Lit Fiber Industry - Regional Synopsis

North America Market Forecast

Lit fiber market in North America region is anticipated to hold largest revenue share of about 30% during the forecast period. The Growth is being driven by increased network management, mobile data, internet service penetration, customer preference for 5G network services, and the need for improved communication. The region's advanced infrastructure facilitates the construction of lighted fiber lines that span North America. The Fiber Broadband Association (FBA) has released new study indicating that more than 60 million US homes are already supplied by fiber as of 2022, up 12% from about 54 million in 2020. Therefore, the market for lit fiber will develop in the area in the upcoming years due to the increasing use of broadband.

APAC Market Statistics

Lit fiber market in Asia Pacific region is projected to hold second largest revenue share of about 27% during the projected period. Growth in this region is being driven by expanding technological advancements and broad use of technology in the administrative, telecommunications, and information technology sectors. Lit fiber cables are being used more often in India to transfer signals with less loss. Additionally, the government is investing more money in the advancement of telecommunications services. In the Union Budget 2021–22, the Indian government allotted USD 1.9 billion for telecom infrastructure. This includes building a fiber cable-based network for defense services, improving mobile services in the Northeast, and installing broadband in 2.2 lakh panchayats.

Research Nester
Lit Fiber Market Size
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Companies Dominating the Lit Fiber Landscape

top-features-companies
    • Comcast Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • AT&T, INC.
    • Verizon Communications, Inc.
    • Zayo Group, LLC
    • FiberLight, LLC
    • Charter Communications, Inc.
    • Altice USA, Inc.
    • Crown Castle International Corp.
    • Frontier Communications Corporation
    • GigabitNow (IsoFusion)

In-the-news

In The News

  • A new agreement has been established between FiberLight, LLC, a fiber infrastructure provider with over 20 years of experience in developing and managing high-bandwidth, mission-critical networks, and Atlanta-based Coloblox Data Centers. Having been among the first co-location companies in Atlanta, Coloblox now has over 250 clients spread over its 32,000 square feet of data center space.
  • On Tuesday, Frontier Communications declared that a 2-gig package will now be available over its whole fiber footprint. During its August 2021 Investor Day, Frontier first revealed its plan to roll out multi-Gig speeds over the entire network.  Starting at $150 a month, the new Frontier FiberOptic service offers symmetrical download and upload speeds of up to 2 gigabits per second. With the most recent, lightning-fast Wi-Fi 6e technology, Frontier's 2 Gig router unleashes reduced latency to provide a better user experience. All 2 Gig internet subscriptions come with the device and Wi-Fi extender for no additional cost.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5621
  • Published Date: Feb 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for internet use and increasing usage of OTT platform are the major factors driving the growth of the lit fiber market.

The market size of lit fiber is anticipated to attain a CAGR of 17% over the forecast period, i.e., 2024-2036.

The major players in the market are AT&T, INC., Verizon Communications, Inc., Zayo Group, LLC, FiberLight, LLC, Charter Communications, Inc., Altice USA, Inc., Crown Castle International Corp., Frontier Communications Corporation, GigabitNow (IsoFusion), and others.

The IT & telecommunication segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Lit Fiber Market Report Scope
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