The Worldwide Lit Fiber Market is Projected to reach USD 8.9 Billion by 2028, at a CAGR of 15.8%

Published Date: 28-Jul-2022

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Lit Fiber Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Lit Fiber Market size is expected to reach $8.9 billion by 2028, rising at a market growth of 15.8% CAGR during the forecast period.

The Single-mode segment is showcasing a CAGR of 17.1% during (2022 - 2028). Single-mode fiber is better for long-distance transmission. It is mostly employed in multi-channel television broadcasting systems and long-distance telephone communication. Long-distance deployments spanning from 2 meters to 10,000 meters are covered by this product class. In comparison to multi-mode, it has a smaller power loss. Single-mode fiber has a smaller core than multimode fiber and is, therefore, more suited to long-haul applications.

The On-net segment is leading the Global Lit Fiber Market by Connectivity in 2021, thereby, achieving a market value of $5.52 billion by 2028. On-net access is provided by a carrier that possesses the network facilities at a specific site. Using equipment installed in a local BT exchange, the carrier links to the telecom service providers' network. This allows consumers to make use of a network that is optimized for technically advanced services.

The IT & Telecommunication segment has shown growth rate of 16.2% during (2022 - 2028). This growth of this segment is growing because of the growing adoption of technology in data transfer and communication services. Lit fiber optics enables consumers to benefit from high-speed data transfer over short and large distances.

The North America market dominated the Global Lit Fiber Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,133.7 Million by 2028. The Europe market is estimated to witness a CAGR of 15.3% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 16.3% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/lit-fiber-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).

Global Lit Fiber Market Segmentation

By Type

  • Multi-mode
  • Single-mode

By Connectivity

  • On-net
  • Off-net

By Application

  • Networking
  • Aerospace & Defense
  • IT & Telecommunication
  • Industrial
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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
  • GigabitNow (IsoFusion)

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Lit Fiber Market Size & Opportunities 2022-2028

Europe Lit Fiber Market & Growth Forecast 2022-2028

Asia Pacific Lit Fiber Market Share & Industry Outlook to 2028

LAMEA Lit Fiber Market Growth, Trends & Forecasts 2022-2028

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