FTTx market to reach $17.3 billion by 2033

The global fiber to the x (FTTx) market revenue is anticipated to reach US$ 17.3 Billion by 2033, up from US$ 10.2 Billion in 2023. Future Market Insight estimated a CAGR of 5.4% for the market during the forecast period.

FTTX is a topology, which is deployed in several optical fiber communications and has emerged as one of the key technologies in the next-generation network. FTTX has improved access to layer bandwidths and is used in the digital transformation of data.

Key Drivers:

• Demand for high-speed internet broadband services is rising
• Growing adoption of cloud-based services
• Technological developments in fiber optics
• More bandwidth is required to handle future technologies like the Internet of Things
• The rising popularity of OTT and video streaming services
• Government initiatives to promote broadband access and digital inclusion
• Increasing adoption of cloud-based gaming and virtual reality applications
• Demand for increased network uptime and dependability is increasing

Key Takeaways:

• The fiber to the x industry in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 4.6% through 2033.
• The market in the United States is expected to upsurge at 4.3% CAGR during the forecast period.
• With a CAGR of 4.8% over the forecast period, the market in Japan is predicted to develop notably.
• The fiber to the x market in China is expected to proliferate significantly, registering a CAGR of 6.3% from 2023 to 2033.
• South Korea is estimated to expand considerably registering a CAGR of 5.8% until 2033.
• Based on type, the fiber-to-the-home/premises/building (FTTH/P/B) segment is projected to dominate the market, registering a CAGR of 5.2%.
• Based on application, the residential segment is likely to lead the market, exhibiting a CAGR of 5.3%.

CT Bureau