Dark Fiber Market
Growth Factors of Dark Fiber Market
The Dark Fiber market size was valued at USD 3.32 billion in 2023, and the market is now projected to grow from USD 3.73 billion in 2024 to USD 11.94 billion by 2032, exhibiting a CAGR of 15.6% during the forecast period of 2024-2032.
The pondering happens to be that that the COVID-19 widespread altogether affected the selection of fiber optic systems. Aggravated supply chain systems and lockdowns actualized by larger part of the countries over the globe caused a negative effect on the fabricating of IT and network-based items. These exacting directions and rules were presented for a brief time. In any case, however the market has denied from the supply-chain confinements with precise approach and strategies to continue over the purport and export of dark fibers.
Fast-growing businesses request high-speed web associations and higher transfer speed. As a result, buying behavior of consumers and businesses are moving from standard copper or conventional web cables to optical fiber ones. Greater organizations within the industry are joining optical fiber gadgets and components with their introduced Voice over IP (VoIP) communication to upgrade their commerce communications. Moreover, the integration of dark fiber systems with the web administrations in organizations makes a more effective working environment with quicker webbing speed. Unlike the standard copper internet cables, optical fiber cables are considered more safer to harsh and unpredictable climatic conditions and thus surfacing the exponential dark fiber market growth in the projected timeframe.
The extension of information centers in Asia Pacific owing to the rising infiltration of internet in provincial zones. The developing demand for cloud computing and information centers within the region's rising data innovation centers, such as India, Singapore, and Japan have driven the requiring demand for un-lit fibers for higher transmission capacity. Dark fiber optics are considered the perfect arrangement for information centers as they provide a secure and dependable association for information transactions and security reasons.
Comprehensive Analysis Of Dark Fiber Market
On the basis of fiber sort, the market is classified into two major sorts - glass and plastic fiber. The glass fiber sort portion is anticipated to hold the biggest dark fiber market share owing to its tall transmitting capabilities without parcel misfortune. Based on innovation, the showcase is classified into Dense Wavelength Digital Multiplexing (DWDM) and portable backhaul. The versatile backhaul fragment is evaluated to rule the advertise owing to rising selection of portable associations and high request for 5G information from versatile web benefit suppliers. Based on the services, the market is sectioned into single mode fiber and multimode fiber. The multimode fiber fragment is growing, recording the most noteworthy CAGR owing to lower cost of operations, establishment, and upkeep. By application, the advertise is bifurcated into telecom, car, mechanical mechanization & control, aviation & defense, information centers, and others (government). The media transmission application section is expected to lead the market with the most elevated CAGR owing to rising request for higher web transmission capacity with low inactivity.
Asia Pacific is set to rule the dark fiber market share with the most elevated CAGR and a valuation of USD 1.34 billion owing to rising web infiltration in urban and rural ranges and with a large youth populace. The region is overlooking innovative change, which gives gigantic openings for the web benefit suppliers owing to the developing appropriation of innovations, such as 5G network and versatile backhaul.
The worldwide market is exceedingly isolated and competitive. In terms of publicize share, a few major players are overwhelming the market by promoting innovative bundling courses of action. These major players inside the publicize are continuously centering on extending their client base over the regions and upgrading their existing things. Major players within the advertise include Colt Technology Services Group Limited (U.K.), EXA Infrastructure (U.K.), euNetworks (U.K.), AT&T (U.S.), CenturyLink (Lumen Technologies) (U.S.), Comcast Corporation (U.S.), Lumen Technologies (U.S.), Cogent Communications (U.S.), Windstream Communications (U.S.), Telstra Group (U.S.), and Zayo Group (U.S.).
In the November 2023, the company Lumen innovations, an innovation pioneer, closed an around USD 110 million contract with the U.S. Defense Information System Agency (DISA). The contract will work and keep up DISA's fiber spine that incorporates dim fiber, colocation offices, differing end-to-end arrange foundation, modern fiber builds, and framework upgrades.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 15.6% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Fiber Type
- Plastic
- Glass
By Technology
- DWDM
- Mobile Backhaul
By Service
- Single-mode
- Multimode
By Application
- Telecom
- Automobile
- Industrial Automation & Control
- Aerospace & Defense
- Data Centers
- Others (Governments)
By Region
- North America (By Fiber Type, By Technology, By Service, By Application, and By Country)
- South America (By Fiber Type, By Technology, By Service, By Application, and By Country)
- Brazil
- Argentina
- Rest of South America
- Europe (By Fiber Type, By Technology, By Service, By Application, and By Country)
- Germany
- France
- Italy
- Austria
- Finland
- Rest of Europe
- Middle East & Africa (By Fiber Type, By Technology, By Service, By Application, and By Country)
- GCC
- South Africa
- Rest of Middle East & Africa
- Asia Pacific (By Fiber Type, By Technology, By Service, By Application, and By Country)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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