Rising Deployment of IoT Devices Expected To Boost Global Fiber To The Home (FTTH) Market
Fiber to the home (FTTH), or fiber to the premises (FTTP), is the use and setting up of optical fiber from a core point straight to specific buildings like apartment buildings, residences, and businesses to offer high-speed internet access. It upturns connection speeds radically accessible to computer users in comparison to technologies utilized in a majority of places at present.
Rise in implementation of IoT devices along with surge in developments associated with voice internet over protocol applications like Google Voice, Facebook Messenger, Skype, and others are factors driving the growth of the global fiber to the home (FTTH) market. Further, the Internet requirement has been penetrated worldwide owing to the reliance of numerous industries like e-governance, e-commerce, and financial & banking services to improve their supply chain; rise in entertainment demand like gaming, remote education, and 3D high definition television. These factors are projected to fuel the global fiber to the home (FTTH) market during the forecast period. Also, mobile operators are maneuvering to enter this market. Thus, to convert to a full-service operator from a mobile operator, they need FTTH network construction. To cite, the AirPONsolution as introduced by Huawei in March 2020 as a measure of its expansion strategy to build a 10G PON-ready Gigabit FTTH network anchored on mobile sites.
The global fiber to the home (FTTH) market can be bifurcated on the basis of component, network architecture, end-user, and geography. The global market, on the basis of network architecture, can be categorized into single mode, multi-mode, and others. The global market, on the basis of components, can be classified into coating, core, cladding, and cable jacket. The global market, on the basis of end-use, can be segregated into commercial, residential, and others.
Regionally, the global fiber to the home (FTTH) market is expected to be dominated by Europe and North America and projected to hold more than half of market value during the forecast period. the key factors contributing to the growth of this region include the strong presence & establishment of digital natives and the rising initiatives like the National Broadband Plan undertaken by government to offer cost-effective high-speed fiber for domestic use cases. Further, Asia Pacific is also anticipated to witness substantial expansion within the market due to the tech-supported transformations in several industries and swift Internet penetration.
The major players participating actively within the global fiber to the home (FTTH) market consist of Vodafone Group Plc, Softbank Group Corporation, China telecommunication Corporation, AT& T Inc., Deutsche Telecom AG, China Mobile, Verizon Communication, America Movil, Telefonica S.A., and Nippon Telegraph & Telephone Corporation.