Name: the fibre optic market
Brand: Businesscoot
Price: 89 EUR
Availability: InStock

INFORMATION ON THE STUDY

Price: 89€ HT
Last update: 18/11/2021
Language: English
Category: Digital, IT, Technology
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Content of the study

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MARKET OVERVIEW

1.1 Definition and scope of study

The optical fiber is an infrastructure consisting of a cable inside which there are very thin transparent filaments of glass fiber, which are wrapped in a small sheath of insulating material.

The optical fiber is a cutting-edge technology used in the transmission of data at very high speed, almost close to that of light. In the past, it was used for the realization of colored lamps, but for some decades already it has been exploited by telecommunication companies as a substitute for the classic copper cables. Today, about 80% of internet information, television images and telephone conversations travel through fiber optic infrastructure.

Currently, the global fiber optic market is worth about $4.5 billion, but is expected to grow to $8.6 billion by 2027, at a CAGR of 9.3%. If, on the one hand, in North America and Europe, this market is already abundantly developed, on the other hand, relentless growth is expected in the countries of the Asia-Pacific region, the Middle East and Africa, thanks to the economic-industrial progress these territories are witnessing.

It is expected that, by the end of 2021, Italy will take third place in the ranking of European countries for widespread coverage of optical fiber infrastructure and second place for percentage growth in this regard. As of today, in fact, the fiber optic network is already widespread on a high share of the Italian territory, especially thanks to the relevant national programs and the objectives set at the European Union level for 2025.

A fundamental role, in the incessant growth recorded in the fiber optic market, has been played by the Covid-19 pandemic that has led many investors to opt for the use of this technology in order to enhance communication lines in order to support the growing traffic.