Lit Fiber Market Size, Share & COVID-19 Impact Analysis, By Type (Single-mode and Multi-mode), By Connectivity (On-net and Off-net), By Application (Networking, IT & Telecommunication, Industrial, Aerospace & Defense, and Others), and Regional Forecast, 2024-2032

Lit fiber is fiber-optic infrastructure that is used to transmit data through pulses of light over cable consist of thin components of plastic or glass. Lit fiber is significantly used in fiber-optic infrastructure projects, owing to its capability to provide enormous bandwidth connectivity for high-speed internet and data services. Lit fiber is also commonly known as high-speed connectivity options for businesses. Lit fiber is used by businesses that are engaged in wholesale ISP services, wholesale Internet access, and telecommunications services to provide a wide bandwidth for customer applications such as web hosting, video, VoIP, file sharing, data backup, and email.

One of the primary factors driving the growth of the lit fiber is rise in adoption of broadband internet connection, smart TV, smartphones, laptops, tablets, etc. among users. Since the inception of lit fiber in IT and telecommunication industry, demand for lit fiber has increased significantly, owing to its capability to transmit the data at a higher speed. In addition, compared to traditional copper lines, lit fiber interconnections can transmit data quickly and more securely. Further, in IT and telecommunication industry, dependability on lit fiber has increased, as it enables network experts to manage and repair the network easily and efficiently. As a result of these factors, demand for lit fiber has rapidly increased in networking, IT & telecommunication, industrial, and aerospace & defense, sector which is expected to boost the demand for the market during the forecast period. For instance,

• February 2022, Frontier Communications announced to speed up its fiber footprint plans for 2022, from a build target of 1 million fiber locations by 2022 to an additional 100,000 to 200,000 homes in the same year.

Impact of COVID-19 on the Lit Fiber Market

The COVID-19 pandemic has put significant strain on the economy in a various way across the globe, signaling an unprecedented disruption in trade, as it forced many vendors to reduce the production and laying of lit fiber network infrastructure in beginning of 2020. However, from June 2020, multiple vendors worked hard to keep their customers safe, as they continue to expand their lit fiber infrastructure across the globe during the pandemic. In addition, imposition of lockdown has forced many organizations to work from home, which resulted in surge in demand for high-speed broadband connection. According to Hootsuite, in January 2021, there are 59.5% internet user of total global population. In addition, there is 7.3% rise in the number of internet users from January 2020 to January 2021 across the globe.

Key Insights

The report will cover the following key insights:

• Micro Macro Economic Indicators.


• Drivers, Restraints, Trends and Opportunities.


• Business Strategies Adopted by the Players.


• Impact of COVID-19 on Lit Fiber Market.


• Consolidated SWOT Analysis of Key Players.

Analysis by Type

By type, multi-mode cable holds the largest proportion of the global lit fiber market and it is anticipated to continue its dominance during the forecast period. The popularity of multi-mode lit fiber is growing, as it has a bigger core to transmit data at an affordable cost, as well as it can be deployed for connections of more than 400 meters. Moreover, multi-mode lit fibers are majorly used in a data center, as they utilize less power as compared to single-mode lit fiber. Also, major network professionals use multi-mode fiber cables, as they can be easily deployed and removed while upgrading a network across a building.

Regional Analysis

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North America is expected to be the fastest expanding region, owing to the rising demand for lit fiber in aerospace & defense, industrial automation, and IT & Telecommunication sector. In addition, significant presence key players in the region fuels the growth of lit fiber market. Key players in the market are significantly investing in research and development activity to increase the bandwidth capacity of lit fiber for quick and secure data transmission. Moreover, lit fiber are prominently used in the military & defense sector to execute complex and critical operation precisely.

The distribution of lit fiber by region of origin as follows:

• North America – 42%


• Europe – 28%


• Asia Pacific – 20%


• Middle East and Africa – 6%


• South America – 4%

Key Players Covered

The report will include the profiles of key players such as AT&T, Altice USA, Comcast, Crown Castle Fiber, Frontier, GigabitNow, Lumen, Spectrum Enterprise, Verizon, Zayo, and others.

Segmentation

Key Industry Developments

• February 2022- Altice USA announced an acceleration of its fiber deployment strategy in the U.S. over the next four years. The company is expecting to reach 6.5 million fiber passing by the end of 2025.


• February 2022- Frontier Communications roll out a 2-gig speed plan across its existing fiber-optic network for all household users, starting at USD 150 a month. With this announcement, Frontier become the first major ISP to roll out multi-gig service across an entire fiber footprint.