5G

Optical Fiber and Plastic Conduit Market to Reach $11.77 Bn, Globally, by 2026 at 20.6% CAGR

Widespread implementation of 5G, rise in adoption of fiber to the home (FTTH) connectivity, advent of the internet of things (IoT), and demand for highly secure and safe wiring systems drive the growth of the global optical fiber and plastic conduit market. However, high installation cost of optical fiber and conduits and rise of the wireless communication systems hinder the market growth. On the other hand, rise in investments in optical fiber cable (OFC) network infrastructure and emerging trends toward cable-in-conduits systems create new opportunities in the market.

Sourced through Scoop.it from: www.finanznachrichten.de

Categories: 5G, Fiber, IoT

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