The Asia Pacific Lit Fiber Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
Lit fiber cables are made up of several glass fiber strands with widths roughly the same as a human hair that carries data at fast speeds using light. This is wonderful for high-speed Internet consumers, because fiber's speed and capacity are practically endless with the correct electronics, making fiber the gold standard for internet service delivery. Furthermore, fiber technology allows several data streams to travel in a single fiber, which is commonly accomplished via a technique known as dense wavelength division multiplexing, which sends separate data streams at different wavelengths.
As a result, a company uses a major proportion of a cable's capacity to transmit data on the same connection as other companies. In the DWDM instance above, an ISP uses its own electronics to light the fiber and then provides services to other organizations that will use the ISP's network. Multiple companies may frequently share the same fiber along with the ISP, which will provide the network and manage traffic. This strategy is best suited to businesses with predictable, well-defined network requirements and no in-house network engineering resources.
Prior to the COVID-19 pandemic, India's civil aviation sector had witnessed major growth, and it was the third-largest as well as fastest-growing domestic ticket market. According to the International Trade Administration, India's passenger growth is expected to reach 442 million by 2035, according to the International Air Transport Association (IATA), with the aviation industry sustaining 19.1 million employment and contributing $172 billion to the country's GDP. Additionally, India would require an additional 2,500 passenger planes to meet its rapidly increasing demand.
India's Vision 2040 strategy plan lays out the sector's infrastructure needs, along with a five-fold rise in the number of airports required to handle over a billion annual passengers. The Airports Authority of India (AAI), a central agency under the Civil Aviation Ministry, is in charge of developing, maintaining, upgrading, and managing India's civil aviation infrastructure, which includes airports. AAI operates 125 airports and is one of the world's largest airport operators. There are 450 airstrips in India and among these, 100 are regarded as completely operational.
The China market dominated the Asia Pacific Lit Fiber Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $711.6 Million by 2028. The Japan market is anticipated to grow at a CAGR of 15.6% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 17% during (2022 - 2028).
Based on Type, the market is segmented into Multi-mode and Single-mode. Based on Connectivity, the market is segmented into On-net and Off-net. Based on Application, the market is segmented into Networking, Aerospace & Defense, IT & Telecommunication, Industrial, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Lit Fiber Market is Projected to reach USD 8.9 Billion by 2028, at a CAGR of 15.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AT&T, Inc., Verizon Communications, Inc., Comcast Corporation, Zayo Group, LLC (EQT Partners Digital Colony), Charter Communications, Inc., Altice USA, Inc., Crown Castle International Corp., Frontier Communications Corporation, and GigabitNow (IsoFusion).
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