Fiber optic connectivity is a communication exchange technology in which information from one place to another is transferred with the help of light through an optical fiber. Fiber optic connectivity offers high-speed data transmission. Fiber optic connectivity finds application in various industries such as telecommunication, energy & utilities, smart cities, power stations, as well as residential applications.
According to a new market report published by Transparency Market Research, the global fiber optic
connectivity market is expected to reach a value of US$ 4,194.6 Mn by 2026, owing to the increasing
usage of optical components in energy efficient networks. The market is projected to expand at a
CAGR of 10.5% during the forecast period from 2018 to 2026. Asia Pacific is anticipated to
experience healthy growth followed by Middle East & Africa during the forecast period. Smart cities
segment holds the dominant share in the global fiber optic connectivity market, due to increasing
developments and investments in smart city projects across the globe.
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Low total cost of ownership and high return on investment driving the global fiber optic
Optical components help in saving the total cost of ownership by a huge margin, as the cost of
installation of fiber optic equipment and components is low. In a fiber optic network, the closet and
switches can be mounted on the smallest of spaces available, in turn saving 45% of the capital
expenditure. In a fiber optic network, upgrades are much easier, as it uses the existing optical cable
and only the electronics need to be replaced, rather than replacing the whole infrastructure, which
helps to save 75% of the cost. In addition, the highly-efficient equipment promises high return on
investment. This low cost of ownership is achieved with fiber optic components by using a highly-
centralized distribution network, which is passive in nature. With savings in both capital and
operating expenditure, fiber optics leads to considerable savings in the total cost of ownership.
Additionally, increasing deployment of fiber optic networks across multiple industries is expected to
supplement the growth of the fiber optic connectivity market during the forecast period.
Fiber Optic Connectivity Market: Scope of the Report
The fiber optic connectivi