The Europe Lit Fiber Market would witness market growth of 15.3% CAGR during the forecast period (2022-2028).
Lit fiber is a fiber-optic infrastructure that transfers data using light pulses across cable made of thin glass or plastic strands. Lit fiber, as compared to dark fiber, refers to fiber-optic infrastructure that is actively in operation and provides enormous bandwidth connectivity for high-speed Internet and data services. With the growth of fiber-optic technology, the term lighted fiber is now commonly used to denote high-speed connectivity options for businesses. Fiber-optic cables are made up of thin glass or plastic strands that may transfer data as light pulses. Conventional copper cables, which employ slower electrical impulses, cannot transfer data at the same speeds as lit fiber connections.
This domestic legislation oversees telecom market regulation, ensures basic user rights, and establishes the powers and responsibilities of Ofcom as the regulatory authority, including how the radio spectrum is controlled in the UK. The EU Common Regulatory Framework has been reviewed, and the EU enacted a new electronic communications guideline viz. the European Electronic Communications Code (EECC), in December 2018, with EU countries implementing the new directive into national law by December 21, 2020. The EECC (European Electronic Communications Code) Directive was transposed into UK law via a statutory instrument. The device has been passed into law and is available in legislation. The Directive was transposed ahead of the Withdrawal Agreement's mandatory transposition deadline of December 21, 2020.
Moreover, the defense sector of the region is also one of the most robust and established defense sectors. Lit fiber cables are used in military aircraft's avionics and emission control systems to carry high-speed data for applications like flight planning data, mission data, and sensor data fusion for defense systems. Therefore, with the surging growth of the telecommunication industry along with a rise in the defense sector of the region, the adoption of lit fiber is anticipated to boom in the region. This factor is expediting the growth of the regional lit fiber market.
The Germany market dominated the Europe Lit Fiber Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $590.9 Million by 2028. The UK market is experiencing a CAGR of 14.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 16.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Lit Fiber Market will Hit $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).
By Type
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