Fiber In The Loop Is Anticipated To Witness High Growth Owing To Increasing Demand For High-Speed Broadband Connectivity

 

Fiber In The Loop Market

The fiber in the loop market involves laying fiber optic cables directly to consumer premises or fiber to the home/premises. Fiber in the loop provides many advantages like higher bandwidth, lower maintenance costs, better scalability, and improved longevity as compared to traditional copper infrastructure. With growing preference for reliable high-speed connectivity and increased demand for bandwidth-intensive applications, fiber in the loop networks are being adopted widely across the globe.

The Global Fiber In The Loop Market is estimated to be valued at Us$ 13.15 Bn in 2024 and is expected to exhibit a CAGR Of 9.7% over the forecast period 2024 To 2030.

Key Takeaways

Key players operating in the fiber in the loop market are Zebra Technologies Corporation, Spectra Systems, Molex Inc., Xerox Corporation, Politronica Inkjet Printing S.r.l., Vubiq Networks Inc., Thin Film Electronics ASA, and TagSense Inc. The growing need for high-speed internet connectivity among residential and business users is a major factor driving the adoption of fiber in the loop technology. With developments in 5G rollout and technologies such as 4K/8K video, AR/VR, and IoT, the demand for bandwidth is rising rapidly. This is positively impacting the growth of the fiber in the loop market. Advancements in fiber deployment technologies allowing aerial, underground, and hybrid fiber placement is boosting the fiber in the loop market.

Market Trends

The deployment of next-generation PON technologies such as XGS-PON and NG-PON2 will drive the fiber in the loop market during the forecast period. Telecom operators are upgrading legacy networks to 10G PON to offer symmetrical bandwidth of up to 10Gbps. Deployment of smart city and smart urban infrastructure projects involving robust connectivity networks will create growth opportunities. Fiber in the loop networks enable smart city operations such as connected transportation, public Wi-Fi, smart lighting, and environmental monitoring.

Market Opportunities

Growing investments by telecom operators and governments in rural broadband connectivity programs will create lucrative opportunities. Fiber is increasingly being utilized for last mile connectivity in remote and underserved areas. Rising preference for ubiquitous high-speed connectivity among consumers and businesses will accelerate fiber in the loop adoption. Deployments of private LTE/5G networks by industrial and enterprise users requires high-capacity fiber backhaul, thereby augmenting demand.

Impact of COVID-19 on the Fiber in the Loop Market

The COVID-19 pandemic impacted the Fiber in the Loop market in a significant manner. The lockdowns imposed in early 2020 hampered the production and supply chain activities across the globe. This led to a decline in the demand for Fiber in the Loop solutions in the short run. However, the increasing adoption of remote working models and online education post COVID accelerated the demand for high-speed internet connectivity and bandwidth. This boosted the adoption of Fiber in the Loop technology by telecom operators to enhance their networks' capability and offer fiber broadband connectivity to more users. Thus, COVID-19 initially posed short term challenges but opened new opportunities for the market's long term growth. Telecom operators and governments are focusing on strengthening their communication infrastructure and expanding fiber connectivity reach. This is expected to drive the market's expansion post COVID as well. Moving forward, fast adoption of 5G networks and increased penetration of internet across various sectors will aid the Fiber in the Loop market's growth even further in the coming years.

Geographical Regions with Highest Value Share in the Fiber in the Loop Market

North America dominated the Fiber in the Loop market in terms of value share during the forecast period. This can be attributed to the extensive fiber network and high broadband penetration in countries like the US and Canada. The region is witnessing increasing investments by telecom operators towards enhancing connectivity infrastructure and achieving full-fiber networks. Further, growing emphasis on high-speed 5G deployments and advanced digital transformation initiatives will continue propelling the North America market.

Fastest Growing Region for the Fiber in the Loop Market

Asia Pacific is poised to be the fastest growing region for the Fiber in the Fiber In The Loop Market between 2024-2030. This can be accredited to increasing digitization, rapid urbanization, and expanding middle class in developing economies like China, India, Indonesia, and others. The governments in Asia Pacific are undertaking numerous initiatives and investing heavily in digital and telecom infrastructure development. Further, high mobile and internet usage along with a large consumer base offers ample opportunities. 5G rollouts and investments in rural connectivity projects will aid Asia Pacific to outpace other regions in terms of Fiber in the Loop market growth.

Get more insights on - Fiber In The Loop Market