According to the latest report from Markets and Markets, the global FTTx is expected to grow from $9.7 billion in 2018 to $14.31 billion in 2023, with a compound annual growth rate of 8.10% during the period.
The growing demand for higher bandwidth, the increasing use of fiber in mobile backhaul, and the growing demand for triple and quadruple playback services are key factors for driving the growth of the fiber access market.
Fiber-to-the-home architecture will occupy the largest market share in 2018
In 2018, the fiber-to-the-home architecture will account for the largest share of the fiber access market due to the increase in the number of users worldwide. Applications such as Internet TV, video on demand, video calling and video conferencing are driving the need for higher bandwidth. To meet this demand, existing copper networks are being replaced by fiber optic networks under various fiber access architectures, such as fiber-to-the-home (FTTh), fiber-to-the-building (FTTb) and fiber-to-the-office (FTTo).
The fiber access market in residential verticals will grow at the highest compound annual growth rate
Fiber-to-the-home is the fastest-growing architecture that delivers higher bandwidth to end users, providing more powerful video, Internet and voice services. As of June 2016, the number of FTTH users worldwide was approximately 274 million, accounting for 77% in the Asia Pacific region, followed by Europe at 15%, North America at 5%, and Latin America, Middle East and Africa at 2%. 1%. The growing popularity of fiber-to-the-home in the world is accelerating its growth in residential verticals.
Asia Pacific will dominate the fiber access market during the forecast period
Due to the increasing demand for broadband, the fiber access market in the Asia Pacific region is expected to grow at the highest compound annual growth rate, especially in densely populated countries such as India and China. In addition, Asian governments are pushing more investments in fiber-optic broadband, resulting in increased penetration of fiber-optic access networks in the Asia-Pacific region.
Major players in the global fiber access market include Allied Telesis (Japan), CommScope (USA), AFL (USA), OFS (Japan), Huawei (China), Shanghai Pujin Industry (China), Zhongtian Technology (China) ), Fiber Optic Telecom (China), ZTE (China), Overcom Technology (China), Verizon (USA), Bharat Sanchar Nigam Limited (India), AT&T (USA), China Telecom (China) ), Vodafone Group (UK), MTN Group (South Africa), South Africa Telecom (South Africa), Altice (Netherlands) and Americas Mobile (North America).