Fiber Optic Connectivity Market - Projected to Gain Significant Value
Posted by RASHMI on August 7th, 2019
Fiber Optic Connectivity Market: Overview
The fiber optic connectivity market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the global fiber optic connectivity market’s evolution throughout the above mentioned forecast period in terms of revenue (US$ Mn).
Low total cost of ownership and high return on investment driving the global fiber optic connectivity market
Optical components help in saving the total cost of ownership by a huge margin, as the cost of installation of fiber optic equipment and components is low. In a fiber optic network, the closet and switches can be mounted on the smallest of spaces available, in turn saving 45% of the capital expenditure. In a fiber optic network, upgrades are much easier, as it uses the existing optical cable and only the electronics need to be replaced, rather than replacing the whole infrastructure, which helps to save 75% of the cost.
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In addition, the highly-efficient equipment promises high return on investment. This low cost of ownership is achieved with fiber optic components by using a highly-centralized distribution network, which is passive in nature. With savings in both capital and operating expenditure, fiber optics leads to considerable savings in the total cost of ownership. Additionally, increasing deployment of fiber optic networks across multiple industries is expected to supplement the growth of the fiber optic connectivity market during the forecast period.
Fiber Optic Connectivity Market: Scope of the Report
The fiber optic connectivity market is segmented based on component, industry, and geography. According to the research study, the hardware component of the fiber optic connectivity market is anticipated to experience flourishing growth during the forecast period. This is mainly due to the strong demand for fiber optic components such as cable assemblies, connectors, switches, and others such as enclosures/ fiber boxes.
By 2026, the hardware component of fiber optic connectivity is projected to cover more than 75% of the global market. In terms of industry segment, smart cities segment is projected to dominate the global fiber optic connectivity market. Smart cities mainly include building automation and street furniture.
