Global Optical Fiber and Plastic Conduit Market – Industry Trends and Forecast to 2029

Global Optical Fiber and Plastic Conduit Market, By Mode (Single Mode, Multimode), Product Type (Glass Optical Fiber, Plastic Optical Fiber), Connectivity (Fiber-To-The-Home (FTTH), Fiber-To-The-Business (FTTB)), Industry Vertical (Telecom and IT, Public Sector, Healthcare, Energy and Utilities, Aerospace and Defense, Manufacturing, Others) - Industry Trends and Forecast to 2029

Market Analysis and Size

In the recent years, a rise in the use of fiber to the home (FTTH) is being witnessed along with advancements of networking technology. These networking technologies offer enhancement in data transmission distance while increasing bandwidth compared with APON and BPON.

Global Optical Fiber and Plastic Conduit Market was valued at USD 7,135.46 million in 2021 and is expected to reach USD 32,463.47 million by 2029, registering a CAGR of 20.85% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

An optical fiber refers to a transparent and flexible fiber that is made by drawing glass or plastic and is utilized for transmitting light. This type of cable has numerous usages in fiber-optic communications, where they enable transmission over longer distances and at higher bandwidths than wire cables.

Report Scope and Market Segmentation

Optical Fiber and Plastic Conduit Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Demand for Bandwidth-Intensive Applications

The rise in feature-rich applications and websites requiring high-speed internet access acts as one of the major factors driving the optical fiber and plastic conduit market. Also, rise in demand for bandwidth-intensive applications encouraging internet service providers to implement gigabit fiber technology has a positive impact on the market.

• Penetration of Internet-Driven Applications

The increase in the penetration of internet-driven applications, such as HDTV and video on demand, along with adoption of smartphones accelerate the market growth. Next-generation GPON technologies are known to offer much higher bandwidth.

• Demand for Better Quality Fiber

The increase in demand for better quality fiber escalating the GPON usage among service providers further influence the market. Also, government initiatives towards digitization in developing countries assist in the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the optical fiber and plastic conduit market.

Opportunities

Furthermore, trial and deployment of 5G networks extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for video content will further expand the market.

Restraints/Challenges

On the other hand, high installation and operational costs, and availability of substitute technologies are expected to obstruct market growth. Also, interoperability issues and operational difficulties associated with fiber optics are projected to challenge the optical fiber and plastic conduit market in the forecast period of 2022-2029.

This optical fiber and plastic conduit market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on optical fiber and plastic conduit market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Optical Fiber and Plastic Conduit Market

The COVID-19 had a negative impact on the optical fiber and plastic conduit market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand optical fiber and plastic conduit technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the optical fiber and plastic conduit market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Global Optical Fiber and Plastic Conduit Market Scope and Market Size

The optical fiber and plastic conduit market is segmented on the basis of mode, product type, connectivity and industry vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Mode

• Single Mode
• Multimode

Product Type

• Glass Optical Fiber
• Plastic Optical Fiber

Connectivity

• Fiber-To-The-Home (FTTH)
• Fiber-To-The-Business (FTTB)

Industry Vertical

• Telecom and IT
• Public Sector
• Healthcare
• Energy and Utilities
• Aerospace and Defense
• Manufacturing
• Others

Optical Fiber and Plastic Conduit Market Regional Analysis/Insights

The optical fiber and plastic conduit market is analysed and market size insights and trends are provided by country, mode, product type, connectivity and industry vertical as referred above.

The countries covered in the optical fiber and plastic conduit market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the optical fiber and plastic conduit market because of the adoption of advanced and innovative technology in data transmission and communication services.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the government initiatives in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Optical Fiber and Plastic Conduit Market

The optical fiber and plastic conduit market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to optical fiber and plastic conduit market.

Some of the major players operating in optical fiber and plastic conduit market market are

• Huawei Technologies Co., Ltd. (China)
• Nokia (Finland)
• ZTE Corporation. (China)
• FiberHome (China)
• DZS (US)
• Calix (US)
• ADTRAN (US)
• Zyxel and/or its affiliates. (Taiwan)
• BizNet (Indonesia)
• Netuno (Us)
• Claro (Mexico)
• Entel (Chile)
• ER Telecom (Russia)
• Finnet (Brazil)
• SMART Comp (India)
• NBN Co ltd (Australia)
• NetCologne (Germany)
• THE GTD GROUP (UK)