RADIO OVER FIBER MARKET REPORT OVERVIEW
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The global radio over fiber market size is estimated to be worth US$ 465.8 million in 2021 and is forecast to a readjusted size of USD 1382.04 million by 2031 with a CAGR of 11.5% during the forecast period.
Radio over fiber or RoF is the technology where light is modulated through a radio frequency signal and transmits over an optical fiber link. Wireless signals are transported in an optical form between a central station and various base stations before getting radiated by air. Each of the base stations can communicate through the radio link with the user’s station within the range of the base station. Radio frequency can be transmitted up too many GHz depending on the laser and modulation. The RF is amplified to provide a usable signal.
RoF is used for various purposes such as cable television networks and in satellite base stations. One of the most important applications of RoF is to deliver wireless coverage. The wireless coverage is used in tunnels and behind the buildings or any secluded areas. It is used in satellite communication RF-over-fiber technology is used to transmit signals in L-shaped frequency which is helpful in transmitting signals in about long distances. Higher demand for fiber optic cables for higher bandwidth and durability, adoption of 4G, 5G, and LTE advanced technologies is expected to drive the demand.
COVID-19 Impact: Halt in Operations to Impede Market Growth
The effects of the COVID-19 pandemic are already being felt on a global level, the global radio over fiber market is noticeably influenced due to disruptions. In 2020, COVID-19 had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses witnessed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. The global restrictions led to the shutting down of many activities which impacted the demand for radio over fiber. The demand was affected and experienced a downfall and production was also halted creating barriers in supply.
LATEST TRENDS
"Rising Inclination towards Fiber to the x (FTTx) to Motivate Demand"
Inclination towards fiber to the x (FTTx) is expected to progress in the global radio over fiber market. FTTx is any broadband architecture of network that uses fiber optics as the medium for optics to transmit the information in a local loop that is used for the last mile of telecommunications. FTTx contains many variants of fiber optic to access many infrastructures such as FTTH, FTTB, FTTP, FTTC, and FTTN. The fiber has evolved as a significant part for network evolution as it has the ability to accommodate a higher bandwidth at greater speed. There has been an increase in communication applications as it can accommodate a higher bandwidth and speed. The advanced applications such as OTT content, IoT, and video technology. They are also used as they are required in making more architectures such as FTTB and FTTH.
RADIO OVER FIBER MARKET SEGMENTATION
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- By Type
According to type; the market is divided into below 3GHz, 3GHz, 6GHz, 8GHz, 15GHz, 20GHz, and 40GHz.
Below GHz holds the majority of the type segment as they provide several advantages such as low noise figures, compact structures, and power modules that are efficient.
- By Application
Based on the application; the market is divided into military and civil.
Military is the leading part of the application segment.
DRIVING FACTORS
"Expanding Demand for Fiber Optic Cables to Motivate Demand"
The global radio over fiber market growth is anticipated to rise due to growing demand for fiber optic cables that have higher bandwidth and durability. There has been an increasing improvement in the capabilities in wireless networks which has led to demand for higher bandwidth and related services. Due to adoption of connected high-capacity devices such as tablets, phones, computers, and many more there is an increasing traffic of networks. Additionally, there has been an increase in the number of broadband services, an increasing number of internet users, and high-speed data communications. These factors have enabled the purchase of higher bandwidth internet connectivity.
"Increasing Uses in Military on C4I Systems to Surge Demand"
RoF is used in various military applications to have durability and reliability requirements. RoF can offer various substantial benefits for optical communications and information transmission abroad vehicles in the military. It is used for shelter connectivity and safety to withstand harsh environmental conditions. The use of fiber optic cables in conventional radio frequency systems helps in positioning of optics cables far away from the antennas and ensure that the links between antenna and shelters remain safe.
RESTRAINING FACTORS
"High Installation Costs to Hinder Market Growth"
There are a number of factors that can push the growth of the radio over fiber market. Restraining factors such as high costs of installation of RoF. It is complex to install and costs of installation are also high. They also require huge capital, and it is dependent on frequency and wavelength of the signals. They can create restraint in buying of such products and lead to reduction in the demand for RoFs.
RADIO OVER FIBER MARKET REGIONAL INSIGHTS
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"Asia Pacific to Lead Market Due to Rise in Demand for RoF Products"
Asia Pacific has the largest part in the global radio over fiber market share due to its growth in countries such as Japan and China. The demand for RoFs products in the region is due to increased demand in bandwidth from smart devices. The increasing government projects and infrastructural developments expected to expand the networks, leading to increase in demand for the RoF products.
North America holds the second largest part of the market due to the increasing investments significantly in the region. With investments there is also a high demand for RoFs and growing telecom and electronics companies are also accelerating the market growth.
KEY INDUSTRY PLAYERS
"Key Players to Boost Demand Leading to Market Growth"
The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global radio over fiber market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Finisar (U.S.)
- HUBER + SUHNER (Switzerland)
- RF Optic (U.K.)
- Emcore (U.S.)
- APIC Corporation (U.S.)
- Syntonics LLC (U.S.)
- DEV Systemtechnik (Germany)
- ViaLite (U.K.)
- Foxcom (Israel)
- Optical Zonu (U.S.)
- Pharad (U.S.)
- Fibertower (U.S.)
- Intelibs (U.S.
"INDUSTRY DEVELOPMENT"
- March 2022: FRTek, a chief supplier of wireless and amplifier solutions and repeater technology has announced that they have entered in a partnership with Movandi, a U.S.-based 5G mmWave solutions company that will provide semiconductors and antenna modules to FRTek’s smart repeaters.
REPORT COVERAGE
This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 465.8 Million in 2021 |
Market Size Value By |
US$ 997 Million by 2031 |
Growth Rate |
CAGR of 12.4% from 2021 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type, Application & Region |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the radio over fiber market expected to touch by 2031?
The global radio over fiber market is expected to reach USD 1382.04 million by 2031.
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What CAGR is the radio over fiber market expected to exhibit by 2031?
The radio over fiber market is expected to exhibit a CAGR of 11.5% by 2031.
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Which are the driving factors of the radio over fiber market?
Drivers of this radio over fiber market are expanding demand for fiber optic cables and increasing uses in the military on c4I systems.
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Which are the top companies operating in the radio over fiber market?
Finisar, HUBER + SUHNER, RF Optic, Emcore, APIC Corporation, Syntonics LLC, DEV Systemtechnik, ViaLite, Foxcom, Optical Zonu, Pharad, Fibertower, and Intelibs are the key companies operating in the radio over fiber market.