Industrial Fiber Networking Market by Type (Fiber to the Home (FTTH), Fiber to the Building (FTTB) Fiber to the Cabinet (FTTC)) by Application (Digital manufacturing, Automation, Energy monitoring and protection, Smart cities, Industrial Ethernet): Global Industry Size, Share, Statistics and Forecast 2015 - 2027

Industrial Fiber Networking Market Analysis

Fiber optics or optical fiber is the technology used to transmit the information as pulses of light through a long fiber wire made from either glass or plastic. Optical fiber is used over conventional copper solutions for industrial applications as it has many benefits over the latter. Higher speeds, better temperature resistance, the allowance for longer connections, and they are also safe from electromagnetic interference.  

industrial-fiber-networking-market

The Industrial Fiber Networking Market is expected to grow promisingly over the mentioned forecasted period. The main reason is the increased investments and research that manufacturers are making to upgrade and innovate in the market. Also, there is a growth in awareness of fiber networking options worldwide, further propelling the market growth.  

Global Industrial Fiber Networking market was valued at around USD 4.01 billion in 2020 and likely to grow at a CAGR of over 14.13% during 2021 and 2027 to reach USD 11.07 billion by the end of 2027. While, global Industrial Fiber Networking market will have incremental potential of USD 55 billion between 2021 and 2027.

Interesting Facts about Industrial Fiber Networking Industry

  • Fiber Networking uses light instead of electricity to transmit data
  • Immense amount of data can be processed and transferred at high-speed via Industrial Fiber Networking
  • Huge installation cost of major factor hindering growth of this industry
  • Growing cyber crime and cyber security to pose threat to growth of Industrial Fiber Networking
  • Fiber coverage in U.S. has been reached to 43%

Technological advancements

Technological advancements in the telecommunication industry are increasing the deployment of fiber networking architecture globally. There is a growing demand for better internet worldwide, paired with the growth of FTTx (Fiber to the X), which is a major driving factor of the Industrial Fiber Networking Market. Fiber to the Home (FTTH), Fiber to the Building (FTTB), and Fiber to the Cabinet (FTTC) are a few networking architectures that require the deployment of large fiber networking globally.

Growing Need for High-Speed Internet

There is an ever-increasing need for higher internet speeds due to the immense amount of data traffic getting sent back and forth on the internet for growing industries like e-commerce is also a major driving factor of this market. Fiber networks are not just faster than conventional networking solutions but are known to be safer, more secure, and easier to maintain, which also adds to the growth in the market.   

Another major driving factor that might come into play is the growth in opportunities for industrial fiber networking in the healthcare industry. Fiber optics are being used for endoscopic imaging, biomedical sensing, and other applications. This is another reason why the Industrial Fiber Networking Market is forecasted to grow over the mentioned period.  

High Cost and Complexities in Installation  

The biggest restraining factor of the Industrial Fiber Networking Market is the very high cost of installing and implementing fiber networking solutions. Companies and businesses are hesitant to move away from their traditional DSL lines or coaxial cables as the cost of removing previous systems and replacing them can be very high. The installation process of fiber networks requires expensive equipment and highly skilled technicians, raising the cost of installations. Fiber networking cables are also extremely delicate and easily damaged if bent past a certain point. Some governments also have complex laws for installing fiber underground, which is also a restraining factor.  

The second major restraining factor is the advantages of using wireless communication solutions over fiber networks. Innovations in the wireless communications industry, like improvements in Radio Frequency (RF) and Fiber Space Optics (FSO) solutions, will restrain this market over the forecasted period. Installation of these technologies requires less capital than fiber networking solutions, and some companies may opt for these wireless solutions.

Frequently asked questions about global Industrial Fiber Networking industry

Likewise other industries, COVID 19 also taken a toll on Industrial Fiber Networking market with around 8.42% decline in 2020 in its revenue as compare to 2019

North America is the largest regional market with highest share in the total volume of Industrial Fiber Networking consumed in 2020

Strong demand from high-speed internet and growing data processing needs

Fiber to the Building dominated the Industrial Fiber Networking market in 2020.

High cost and complex installation laws

Industrial Fiber Networking Market Report Scope

Report Attribute Details
Market Value in 2020 USD 4.01 Billion
Market Value in 2027 USD 11.07 Billion
CAGR 14.13% between 2021 and 2027
Benchmarking Year 2020
Past data 2016 – 2019
Forecast period 2021 – 2027
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Published Date:  Dec 2021
Category:  Industrial Goods
Report ID:   60465
Report Format:   PDF
Pages:   132
Rating:    4.6 (38)
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