According to a new report published by Future Market Insights, the worldwide fiber-to-the-home market (FTTH) is expected to reach more than $37 billion by the end of 2027.
Reasons for this growth include:
- Growth of smart homes and gadgets
- Rising awareness regarding various advantages offered by fiber optics
- Favorable government initiatives
- Increasing adoption of environmentally friendly solutions
- Rising demand for entertainment sources for residential applications,
- Increasing demand for FTTH in schools, hospitals, government buildings and libraries
- The emergence of teleworking,
- Rising demand for high speed internet, and construction in emerging economies,
- Increasing investments in the telecom sector
- Increasing internet users
- Rising demand for enhanced internet infrastructure and high immunity of fiber cabling.
Other key insights include:
- The 100 Mbps to 1 Gbps segment is expected to dominate the global market, with an expected revenue of $11,667 million. Also, the 50 to 100 Mbps segment is expected to grow at the highest rate during the forecast period.
- Asia Pacific, excluding Japan is expected to grow at the highest rate over the forecast period and is estimated to exceed $10 billion.
- The internet TV segment is expected to grow at 14.2% CAGR, exceeding $7 billion by the end of the forecast period, with the VOIP segment expected to be the second largest in terms of value.