PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1261195
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1261195
Global Fiber Media Converters Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Fiber media converters refer to networking devices which are used for connecting two different media types. In most cases, they are used to connect twisted pairs or coaxial cable to a fiber-optic cable, enabling the interconnection of newer fiber-optic networks and cable systems and older copper-based cabling systems. The increasing use of fiber-optic cable and growing upgradation of existing networking infrastructure are key factors driving the market growth.
The increasing deployment of optical fiber cable networks is contributing towards the growth of the Global Fiber Media Converters Market. For instance - in February 2021, the government of India allocated 1.74 billion for telecom infrastructure which comprised completion of an optical fibre cable-based network for Defence services, expansion of broadband network in 2.2 lakh panchayats and improving mobile services in the North East region. Furthermore, in October 2022, USA based STL announced establishment of its own manufacturing facility in the US to manufacture optical cable. This new facility would be operational in the next quarter. Also, continuous development in industrial products as well as rising investment in telecommunication industry in developing regions would create a lucrative growth prospectus for the market over the forecast period. However, the high maintenance cost of Fiber cable networks stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Fiber Media Converters Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising technological advancements and presence of prominent fiber media converter providers in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising deployment of optical fiber networks as well as increasing demand for optical fiber networks in automotive sector in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable