Fibers in the loop (FITL) or fiber-to-the-distribution-point (FTTP) technology refers to fiber optic technology that provides superior high-speed internet access by directly connecting optical fiber from the operator's central office all the way to individual buildings or premises. FITL provides higher bandwidth capacity which allows internet services like online streaming of high definition (HD) videos, multiplayer online gaming, virtual reality (VR) applications without interruptions and at high speeds. The global Fiber in the loop Market is estimated to be valued at US$ 11.41 Bn in 2023 and is expected to exhibit a CAGR of 17. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The expanding middle class population worldwide driven by growing economies like India, China, Indonesia and others is one of the key trends boosting the growth of the Fiber in the loop market. As the standard of living increases, there is rising demand for high-speed internet among consumers for applications like streaming movies, shows, online gaming, video conferencing and more. This is prompting telecom operators and network service providers to invest heavily in upgrading their infrastructure to Fiber in the loop technology to cater to the growing bandwidth needs of consumers which is accelerating the market growth over the forecast period.
Segment Analysis
The global fiber in the loop market is dominated by the fiber to the premises (FTTP) sub-segment, which held around 70% market share in 2023. FTTP offers much higher bandwidth compared to other fiber technologies as it uses optical fiber all the way to the buildings. As more consumers are using high speed internet for activities like online gaming, streaming HD/UHD content, video conferencing etc. the demand for high speed fiber connectivity is increasing. This is driving the adoption of FTTP globally.
Key Takeaways
The Global Fiber in the Loop market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: The Asia Pacific region accounted for the largest share of around 35% of the global fiber in the loop market in 2023 driven by high investments in fiber infrastructure by telecom operators in countries like China and India where demand for high speed internet is growing rapidly. North America is expected to grow at the fastest rate during the forecast period due to increasing fiberization initiatives by service providers in the US and Canada to offer multi-gigabit internet speeds.
Key players operating in the fiber in the loop market are Production I.G., Inc., Studio Ghibli, Inc., Pierrot Co., Ltd., Sunrise Inc., Toei Animation Co., Ltd., BONES INC, Kyoto Animation Co.,Ltd., MADHOUSE Inc., Manglobe Inc., and PAWORKS Co., Ltd. Production I.G., Inc. and Studio Ghibli, Inc. hold the largest market shares currently due to their strong portfolio of fiber internet and TV services offered across multiple countries.
Get More Insights Here
https://www.newswirestats.com/fiber-in-the-loop-market-size-share-growth-outlook-2023/
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