Fiber in the loop (FITL) is a hybrid fiber-coaxial (HFC) telecommunications technology that uses fiberoptic technologies to deliver cable television, phone and broadband internet services directly to the neighborhood or business area rather than individual homes or buildings. Fiber optic cables are run from the operator's central office all the way to nodes located in the community. Existing copper phone lines or coaxial cables are used to connect subscribers to the nodes. This allows cable operators to deliver more television channels, telephone services and faster internet speeds compared to pure copper phone or coaxial networks. The global Fiber in the loop (FITL) 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 Opportunity:
The opportunity of broadband expansion is driving the growth of the fiber in the loop market. Many countries around the world are undertaking initiatives to expand broadband access to rural and remote areas. For example, the United States has set a target of providing minimum 25 Mbps download speeds to over 100 million American homes by 2025 under the Rural Digital Opportunity Fund program. Fiber in the loop technology can help cable operators cost-effectively deliver high-speed internet to underserved communities by laying fiber up to the node and using existing copper or coaxial networks for the last mile connection. This will help bridge the digital divide and open up opportunities for socio-economic growth in rural regions through access to online education, healthcare and e-commerce services. The growing focus on broadband expansion worldwide is thus estimated to propel the demand for fiber in the loop technology over the forecast period.
Porter's Analysis
Threat of new entrants: The fiber in the loop market requires high capital investment and infrastructure which acts as a entry barrier for new players. Bargaining power of buyers: There are limited number of buyers in this market with telecommunication companies being the major ones giving them higher bargaining power. Bargaining power of suppliers: The suppliers of optical cables and other components have moderate bargaining power due to availability of substitutes. Threat of new substitutes: Alternatives like wireless communication pose threat to the fiber in the loop technology. Competitive rivalry: Being a specialized technology, competitive rivalry is high among existing players.
SWOT Analysis
Strength: Fiber in the loop provides high bandwidth, speed and reliability of signal transmission. Weakness: High initial investment requirement and regular maintenance costs. Opportunity: Growing demand for high speed broadband and 5G rollout across regions. Threats: Alternatives like wireless networking and slower than expected pace of fiberization.
Key Takeaways
The Global Fiber in the Loop market Size is expected to witness high growth during the forecast period of 2023 to 2030.
Regional analysis shows that Asia Pacific currently dominates the market owing to rapid infrastructure development and digitalization in countries like China and India. North America is another major region driven by widespread FTTH connectivity projects.
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. Regular investments by these companies and telecom operators are helping to expand fiber networks globally.
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https://www.trendingwebwire.com/fiber-in-the-loop-market-size-share-growth-outlook-2023/
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