Fibre Optical Market to Grow at a CAGR of 10 percent: A Technavio Report
CHINA: A Technavio report found that the “Global Fibre-Optical Connector Market” is expected to rise at a CAGR of around 10 percent, during the forecast period 2016-2020. The report also marks that APAC will account for 56 percent of the total market share by 2020.
The fibre-optic interconnectivity provides greater bandwidth and boosts the internet speed compared to the copper wire signals. It also provides very minimal chance of data loss. The fibre-optic connectivity is preferred as light offers fasterdata and longer transmission distances. They are more efficient, and enhance high return and low insertion loss.
The telecom sector has shown immense growth in China and other South-Asian countries in recent years. The need for greater bandwidth and speed connection has increased the demand for cables and connectors. The sectors such as electronics, computers and peripherals, telecommunication, and military and aviation have shown huge growth fibre-optical market.
“The global telecom sector is growing immensely in emerging countries. Data traffic and the use of mobile broadband will increase in African countries such as South Africa, Botswana, Ghana, and Nigeria due to factors such as a beneficial environment for investment and customer services, during the forecast period. Latin American mobile network operators are also increasing their investments in network infrastructure due to burgeoning customer demand for mobile data,” says Asif Gani, a lead embedded systems research expert from Technavio.