PASSIVE OPTICAL COMPONENT MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Growing adoption of fiber optic technology in telecommunications

Global telecommunications industry has been rapidly embracing fiber optic networks for deploying high speed broadband connectivity. Traditional copper based networks have limitations and cannot support the explosive data growth driven by newer technologies. Thus, companies around the world are heavily investing in modern all-optical fiber infrastructure. While countries in the developed world switched to fiber, even emerging markets in Asia, Latin America, Middle East and Africa are now prioritizing fiber optic deployments.

Next generation broadband technologies like 5G and fiber to the home require vast amounts of fiber to be laid both at the backbone and access network levels. 5G will allow internet speeds over 10Gbps but it depends on high fiberization wherein mobile towers are connected through optical fiber cables. Telecom operators are collaborating with utilities to lay micro-ducts and micro-cables alongside power cables to make fiber installation faster and more cost effective. Greenfield projects as well as upgrades of existing metro and long haul networks boosts need for transmission equipment, splitters, connectors and other passive optical components.