Chicago, April 16, 2023 (GLOBE NEWSWIRE) — The globe fiberglass market Size was estimated at USD 4.9 billion in 2022 and is projected to reach USD 8.2 billion by 2027, growing at a CAGR of 10.9% from 2022 to 2027. The growth of this market is driven by factors such as increasing internet penetration and data traffic, increasing number of data center facilities worldwide and increasing demand for high bandwidth.

The study categorizes the Fiber Optics market based on fiber type, cable type, application at regional and global levels.

By fiber type

By cable type

through application

• communication
  • telecom
  • company premises
  • utility
  • CATV
  • Military
  • Industrial
• non-communication
  • sensors
  • Fiber Optic Illumination

Increasing deployment of 5G communication networks

The widespread penetration of 5G in developed and developing countries will bring positive opportunities for fiber providers in the market. 5G infrastructure is largely dependent on fiber deployment.

These optical fibers can transfer enormous amounts of data from one place to another at high transmission rates. As the commercialization of 5G services continues, telecom providers are emphasizing the addition of newer 5G base stations to gain a competitive advantage in the market. According to China’s Ministry of Industry and Information Technology (MIIT), telecom providers in China have installed about 1.425 million 5G base stations in the country as of March 2022. These base stations will support the network traffic of over 500 million users nationwide.

Challenges of installing fiber optic networks in difficult terrain and high installation costs

While fiber optic cables are typically installed in lines along the pipeline, there are significant challenges in installing the lines along trenchless installations.

Fiber deployment challenges can be traced back to technical and administrative difficulties. Many telecom companies worldwide have telecom infrastructure under the oceans…