Allied Market Research published a report, titled, “Optical Fiber and Plastic Conduit Market by Mode (Single Mode, and Multimode), Product Type (Glass Optical Fiber, and Plastic Optical Fiber), Connectivity (FTTH, and FTTB), Industry Vertical (Telecom & IT, Public Sector, Healthcare, Energy & Utilities, Aerospace & Defense, Manufacturing, and Others), and Plastic Conduit Market in Telecom & IT by Product (Rigid Conduits, and Flexible Conduits): Global Opportunity Analysis and Industry Forecast, 2018–2026.” According to the report, the global optical fiber and plastic conduit industry generated $4.15 billion in 2018, and is expected to reach $11.77 billion by 2026, registering a CAGR of 20.6% from 2019 to 2026.
The global optical fiber and plastic conduit market volume was 4,151.2 million meter in 2018 and is projected to reach 11,779.9 million meter by 2026, registering a CAGR of 20.6% from 2019 to 2026.
The optical fiber and plastic conduit market are experiencing a healthy growth rate, due to the ongoing implementation of 5G network and upcoming FTTH network projects across the globe. Moreover, increase in consumer demand for fast networking has fueled the need for the deployment of fiber optic cables to improve the broadband connectivity. This rise in demand for larger bandwidths for the communication is expected to drive the growth of the optical fiber and plastic conduit market.
Optical fiber refers to the medium and technology that is used to transmit information through a plastic or glass strand from one source to another. The information is transmitted through optical cables as rapid light pulses. The receiving end of a fiber optic transmission translates the light pulses into binary values.
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TOP IMPACTING FACTORS
The factors such as widespread implementation of 5G, increase in adoption of fiber to the home connectivity, emergence of IoT, demand for highly secure and safe wiring system, high installation cost of optical fiber and conduits, growth in wireless communication systems, increase in technological advancements in optical fiber and plastic conduits, rise in investments in optical fiber cable network infrastructure as well as emerging trends toward cable-in-conduits systems are expected to significantly affect the growth of the global optical fiber and plastic conduit market. These factors are anticipated to either drive or hamper the optical fiber and plastic conduits market growth.
Widespread implementation of 5G
The demand for more data and better coverage across the world has been on the rise among consumers. The fifth generation wireless connection is expected to be the next leap in technology, as it has the ability to transmit more data while providing a more steady and reliable connection. 5G is currently being tested in several markets and is expected to begin widespread implementation in 2020. Existing networks are anticipated to be completely upgraded or replaced before they begin 5G implementation.
Demand for highly secure and safe wiring system
The conventional method of wiring system using gas piping led to several issues as it ruined the insulation of wiring through constant frictions between the insulation and rough interior surface of the gas piping, thereby fueling the demand for secure and safer systems in buildings either commercial or residential.
Rise in technological advancements in optical fiber and plastic conduits
Key Benefits For Stakeholders
- This study includes the analytical depiction of the global optical fiber and plastic conduit market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities in the optical fiber and plastic conduit market.
- The optical fiber and plastic conduit market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Optical Fiber & Plastic Conduit Market Report Highlights
| Aspects | Details |
|---|---|
| By Mode | Single ModeMultimode |
| By Product Type | Glass Optical FiberPlastic Optical Fiber |
| By Connectivity | Fiber-to-the-Home (FTTH)Fiber-to-the-Business (FTTB) |
| By Industry Vertical | Telecom & ITPublic SectorHealthcareEnergy & UtilitiesAerospace & DefenseManufacturingOthers |
| By Product | RIGID CONDUITSFLEXIBLE CONDUITS |
| By Region | North America (U.S., Canada, Mexico)Europe (UK, Sweden, Germany, Spain, Russia, France, Rest of Europe)Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)LAMEA (Latin America, Middle East, Africa) |
| Key Market Players | CORNING INCORPORATED, EMTELLE UK LTD., FUJIKURA LTD., FURUKAWA ELECTRIC CO., LTD., HEXATRONIC GROUP AB, STERLITE TECHNOLOGIES LTD., THE KUHKENAH NETWORK (K-NET) SERVICES THE PRYSMIAN GROUP |
| PLASTIC CONDUITS:- COMPANY PROFILES | ATKORE INTERNATIONAL, AKG GROUP, CANTEX INC., DURA-LINE HOLDING, INC., PRIME CONDUIT |
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