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2019

Optical Fiber & Plastic Conduit Market

Optical Fiber & Plastic Conduit Market Size, Share, Competitive Landscape and Trend Analysis Report by Mode, Product Type, Connectivity, Industry Vertical and Plastic Conduit Market in Telecom & IT by Product : Global Opportunity Analysis and Industry Forecast, 2018-2026

SE : Emerging and Next Generation Technologies

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Author's: Divyanshi Tewari | Sonia Mutreja
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Optical Fiber And Plastic Conduit Market Outlook-2026

The global optical fiber and plastic conduit market volume was 4,151.2 million meter in 2018 and is projected to reach 11,779.9 million meter by 2026, registering a CAGR of 20.6% from 2019 to 2026.

The optical fiber and plastic conduit market are experiencing a healthy growth rate, due to the ongoing implementation of 5G network and upcoming FTTH network projects across the globe. Moreover, increase in consumer demand for fast networking has fueled the need for the deployment of fiber optic cables to improve the broadband connectivity. This rise in demand for larger bandwidths for the communication is expected to drive the growth of the optical fiber and plastic conduit market.

Optical fiber refers to the medium and technology that is used to transmit information through a plastic or glass strand from one source to another. The information is transmitted through optical cables as rapid light pulses. The receiving end of a fiber optic transmission translates the light pulses into binary values.

Optical Fiber And Plastic Conduit Market


 

An optical fiber offers numerous advantages such as increased bandwidth, decreased size and weight, electromagnetic interference immunity, data security, electrical isolation, and others. These are used in communication applications, which include telecom, utility, community access television (CATV), military, and others, and in non-communication applications such as sensor, fiber optic lighting, and others. This leads to the adoption of optical fiber and plastic conduit market globally.

The optical fiber and plastic conduit industry have been experiencing huge demand owing to rise in investment in the defense industries and to enhance the security infrastructure, which has been fueling the growth of the market. In addition, increase in application areas of optical fiber and large-scale acceptance in telecommunications also propel the growth of the optical fiber and plastic conduits market size. The adoption of fiber optics technology has been increasing in the telecommunications industry in North America, owing to growing adoption of the technology in communication and data transmission services which leads to optical fiber and plastic conduit market growth globally.

U.S. is the largest region for connectivity and the cloud in the world. It contains several data center clusters throughout the country providing plenty of opportunities. The primary colocation data center markets in the U.S. are in Los Angeles, Washington DC, Bay Area, Chicago, and New York. The U.S. is well connected to Europe and Asia-Pacific with submarine cables extending from five primary markets on the East Coast and four primary markets on the West Coast. There are 2,510 American data centers, most of these facilities are located on the Atlantic Seaboard, which act as a major optical fiber and plastic conduit market trends globally.

Factors such as widespread implementation of 5G, increase in adoption of fiber to the home connectivity, emergence of internet of things, and growth in demand for highly secure and safe wiring systems are anticipated to be the major drivers of the global optical fiber and plastic conduit market size. However, high installation cost and complications in installation of optical fiber and plastic conduits, rise in demand for wireless communication system, and increase in prices of raw hamper the optical fiber and plastic conduit market growth globally. Furthermore, technological advancements in fiber optic cables and plastic conduits, rise in investments in optical fiber cable network infrastructure, and emergence of cable in conduit system offer lucrative opportunities to the optical fiber and plastic conduit market growth globally.

SEGMENTATION

The global optical fiber and plastic conduit market analysis is categorized based on mode, product type, connectivity, industry vertical, product, and region. Depending on mode, the market is bifurcated into single mode and multimode. By product type, it comprises glass optical fiber and plastic optical fiber. By connectivity, the market is analyzed across fiber-to-the-home and fiber-to-the-business. Based on industry vertical, it is segmented into telecom & IT, public sector, healthcare, energy & utilities, aerospace & defense, manufacturing, and others. The plastic conduit market in IT & telecom by product is studied across rigid conduits and flexible conduits. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, along with its prominent countries.

The key players profiled in the optical fiber and plastic conduit market includes Fujikura Ltd., Corning Incorporated, Sterlite Technologies Ltd., Furukawa Electric Co., Ltd., The Prysmian Group, Emtelle, Hexatronic Cables & Interconnect Systems, and Kuhkenah Network (K-Net). In addition, the key players profiled in the plastic conduit in the IT & telecom market include Cantex Inc., Atkore International, Dura-Line, and Prime Conduit.
These key players adopt several strategies such as, new product launch and development, acquisition, partnership, collaboration, and business expansion to increase the optical fiber and plastic conduit market share during the forecast period.

TOP IMPACTING FACTORS

The factors such as widespread implementation of 5G, increase in adoption of fiber to the home connectivity, emergence of IoT, demand for highly secure and safe wiring system, high installation cost of optical fiber and conduits, growth in wireless communication systems, increase in technological advancements in optical fiber and plastic conduits, rise in investments in optical fiber cable network infrastructure as well as emerging trends toward cable-in-conduits systems are expected to significantly affect the growth of the global optical fiber and plastic conduit market. These factors are anticipated to either drive or hamper the optical fiber and plastic conduits market growth.

Widespread implementation of 5G

The demand for more data and better coverage across the world has been on the rise among consumers. The fifth generation wireless connection is expected to be the next leap in technology, as it has the ability to transmit more data while providing a more steady and reliable connection. The characteristics of 5G, such as higher data speeds and throughputs, are greatly influenced by these heavy-duty optical fiber networks that affect both the wireless side and wireline side of the infrastructure. Moreover, formidable network performance goals of 5G are heavily predicated on the huge availability of fiber connectivity.

5G is currently being tested in several markets and is expected to begin widespread implementation in 2020. Existing networks are anticipated to be completely upgraded or replaced before they begin 5G implementation. The demand for optical fiber has been on the rise owing to shortage of fiber and long-term plans for installation of networks. Thus, network providers have been negotiating directly with fiber manufacturers to secure a long-term supply of optical fiber. For instance, in April 2017, Verizon Communications signed an agreement with Corning for laying a 20 million km. of optical fiber per year from 2018 through 2020. The company has been intending to use this fiber to build its networks. This factor assists in driving the growth of optical fiber and plastic conduit market globally.

Demand for highly secure and safe wiring system

The conventional method of wiring system using gas piping led to several issues as it ruined the insulation of wiring through constant frictions between the insulation and rough interior surface of the gas piping, thereby fueling the demand for secure and safer systems in buildings either commercial or residential.

Plastic Conduit systems handled these mishaps by protecting the wiring from various external interferences and exposures to flammable gases. Moreover, when properly installed with sealed fittings, the conduit ensures safety from volatile substances as well. In commercial buildings, the conduit is submersed into concrete directly for precautionary measures to safely handle the effects of high-power consumption which drives the growth of optical fiber and plastic conduit market globally.

Optical Fiber & Plastic Conduit Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

North America hold a dominant position in 2018 and would continue to maintain the lead over the forecast period.

Rise in technological advancements in optical fiber and plastic conduits

Advances in technology to improve bandwidth and dipping attenuation rate have created numerous opportunities for the fiber optics market. The key players of the market have been developing low-loss optical fiber to develop and deliver new generations of optical fiber technology, thereby fueling the global expansion of broadband connectivity. For instance, in November 2017, Fujikura, Ltd. launched high performance silica core fiber, which is designed for next-generation, long-haul terrestrial networks and optical transmission systems with high-speed digital signal processing. In addition, in June 2016, Sterlite Technologies, Ltd. announced its new high-quality optical communication products and services, which include innovative optical fiber and data cable technologies to deliver smarter and long-lasting networks. 
In addition, plastic conduits are now being designed waterproof for providing enhanced shockproof protection. Use of latest specialized equipment for neatly encasing and routing the conduit is increasing. Moreover, the use of underground conduits ensconced in concrete is increasing in the commercial sector which offers lucrative opportunities for the optical fiber and plastic conduit market globally.

Key Benefits For Stakeholders

  • This study includes the analytical depiction of the global optical fiber and plastic conduit market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities in the optical fiber and plastic conduit market.
  • The optical fiber and plastic conduit market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Optical Fiber & Plastic Conduit Market Report Highlights

Aspects Details
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By Mode
  • Single Mode
  • Multimode
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By Product Type
  • Glass Optical Fiber
  • Plastic Optical Fiber
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By Connectivity
  • Fiber-to-the-Home (FTTH)
  • Fiber-to-the-Business (FTTB)
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By Industry Vertical
  • Telecom & IT
  • Public Sector
  • Healthcare
  • Energy & Utilities
  • Aerospace & Defense
  • Manufacturing
  • Others
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By Product
  • RIGID CONDUITS
  • FLEXIBLE CONDUITS
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Sweden, Germany, Spain, Russia, France, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Rest of Asia Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

HEXATRONIC GROUP AB, FURUKAWA ELECTRIC CO., LTD., THE KUHKENAH NETWORK (K-NET) SERVICES THE PRYSMIAN GROUP, EMTELLE UK LTD., FUJIKURA LTD., CORNING INCORPORATED, STERLITE TECHNOLOGIES LTD.

Key Market Players
PLASTIC CONDUITS:- COMPANY PROFILES

ATKORE INTERNATIONAL, AKG GROUP, CANTEX INC., DURA-LINE HOLDING, INC., PRIME CONDUIT

Analyst Review

The optical fiber market is experiencing a healthy growth rate, due to the ongoing implementation of 5G network and upcoming FTTH network projects across the globe. Moreover, increase in consumer demand for fast networking has fueled the need for the deployment of fiber optic cables to improve the broadband connectivity. This increase in the demand for the larger bandwidths for the communication is expected to drive the growth of the market.

A conduit system is a set of tubes enabling the protection and routing of electrical wires in buildings, thereby providing a pathway for power and low-voltage communication. The structure of a cable conduit is mostly tubular, made of metals (stainless steel, galvanized steel, or aluminum) or non-metals such as plastic, and it can be either rigid or flexible. During the recent times, the demand for plastic conduits have increased in the industrial and commercial sector due to the rising demand for efficient wiring systems for networking communication. Better safety and security are a matter of concern during installation of wiring systems.

The global IT sector is in the midst of rapid, widespread development in internet services, infrastructure investment, and e-commerce activity. Internet growth is being driven by extensive fiber-optic expansion, increased adoption of 4G mobile internet, and planned nationwide 4G network services that will require heavy investment from both the public and private sectors. Furthermore, the telecom sector has shown immense growth in China and South-Asian countries in the recent years, which is opportunistic for the market. The growing need for greater bandwidth and faster speed connections has increased the demand of optical fiber cable and connectors in the telecom sector.

The key players profiled in the optical fiber market includes Fujikura Ltd., Corning Incorporated, Sterlite Technologies Ltd., Furukawa Electric Co., Ltd., The Prysmian Group, Emtelle, Hexatronic Cables & Interconnect Systems, and Kuhkenah Network (K-Net). In addition, the key players profiled in the plastic conduit in IT & Telecom market includes Cantex Inc., Atkore International, Dura-Line, and Prime Conduit.

Author Name(s) : Divyanshi Tewari | Sonia Mutreja

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Optical Fiber & Plastic Conduit Market

Global Opportunity Analysis and Industry Forecast, 2018-2026