The Europe Fiber Optic Components Market would witness market growth of 7.6% CAGR during the forecast period (2021-2027).
The widening of consumer base from both residential & enterprise sectors is supporting telecom companies to deploy fiber optic cabling to improve their internet bandwidth provisions. The use of light within fiber optic cables offers various security benefits if compared to traditional copper cables. These are widely adopted across the globe due to the increasing focus on securing sensitive data, especially in telecom, enterprise & industrial sectors. Although, the optical fibers are mostly used to help in maintaining long-distance connections across the cities & countries but a number of residences are installing fibers to suburban neighborhoods for direct access.
FTTx are any broadband network infrastructure that uses fiber optics as the optical medium to transmit data in local loops used for last mile telephony. Some examples of FTTx are FTTH, FTTP, FTTC, and FTTB. Fiber has come up as an essential component of network evolution because of the capability to handle higher bandwidths with enhanced speeds.
The Digital Agenda goals of the European Union and the rising demand for broadband speed & bandwidth because of the lockdown implemented during the pandemic period have increased the adoption of FTTP networks. Telco partnerships with the equity firms & infrastructure specialists have also resulted in the deployment of fiber networks at a large scale with better affordability. Key cablers in the United Kingdom, Spain, and Portugal have decided to decommission their HFC networks and adopt FTTP in the upcoming years.
Furthermore, the governments of the developed countries like the United Kingdom, Germany are increasingly investing in the security infrastructure in the region. This has further made the funding for technologies essential mainly across the fiber optics in order to improve the telecommunication industry infrastructure with enhanced security.
The Germany market dominated the Europe Fiber Optic Components Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,300.8 million by 2027. The UK market is experiencing CAGR of 6.7% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 8.4% during (2021 - 2027).
Based on Component, the market is segmented into Transceivers, Cables, Active Optical Cables, Connectors, Amplifiers, Splitters & Circulators and Others. Based on Application, the market is segmented into Communications, Distributed Sensing, Lighting and Analytical & Medical Equipment. Based on Communications Type, the market is segmented into Telecommunications, Data Centers and Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Fiber Optic Components Market Size will Hit $36.3 Billion by 2027, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., II-VI Incorporated, Amphenol Corporation, Fujitsu Limited (Fujitsu Optical Components Limited), Broadcom, Inc., Lumentum Holdings, Inc., TE Connectivity Ltd., EMCORE Corporation, and Accelink Technology Co. Ltd.
By Component
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