APAC
accounted for the largest share of ~35% of the global RF
over fiber market. The demand for RFoF products in this region is largely
driven by the increased demand for higher bandwidth data services from a large
number of smartphone users in this region, particularly in China and India.
These 2 countries are among the largest adopters of smartphones, and the
consumption of mobile data is also significantly high in India and China. The
increasing government projects and infrastructure developments for the
expansion of networks such as FTTH, FTTC, and FTTB will also drive the demand
for RFoF products in Asia Pacific. The increased spending on smart devices and
growing use of internet applications, such as video streaming, data transfer,
IoT, and OTT content, have led to the growth of the RFoF market in APAC. APAC
is estimated to exhibit the highest growth rate of 12.96% in the RF over fiber
market during the forecast period. Europe accounted for the second-largest
share of the market for RFoF solutions in 2017, while North America held the
third-largest market share in the same year.
The RF
over fiber market is expected to grow from USD 336.3 million in 2018
and reach USD 566.1 million by 2023, at a CAGR of 10.97% between 2018 and 2023.
The growth of this market is propelled by the rise of 4G, LTE advanced, and
other new standards, along with the increased spectrum efficiency.
The
market, considered in this report has been classified on the basis of frequency
bands, namely, L, S, C, X, Ku, and Ka. The L band is expected to be the largest
market based on frequency band by 2023, which has been the most commonly
deployed frequency band across the world. L-band RF over fiber solutions find
their applications in low earth orbit satellites, military satellites, and
terrestrial wireless communications such as GSM mobile phones.
RF
over fiber products can be used in applications such as telecommunications,
broadband, broadcast, radar, and navigation. The report provides a description
of each of these application areas of RFoF. Telecommunications is expected to
account for the largest share of the microwave transmission equipment market
between 2018 and 2023. The emergence of Industrial Internet of Things (IIoT)
and machine-to-machine (M2M) communication solutions is also expected to boost
the growth of the RF over fiber market for telecommunications applications during
the forecast period.
The
RF over fiber market for the civil vertical is expected to grow at the highest
rate between 2018 and 2023. The civil vertical is driven by the expansion of
LANs and data centers as electronic data transmission has become an essential
requirement at workplaces. The rising investments in building new data centers
and upgrading them; increasing use of big data analytics and IoT technology;
and growing need for data center collocation and managed services are the
factors driving the growth of the RFoF market for the civil vertical.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105536001
A
few major companies operating in the RF over fiber market are Finisar (US),
HUBER+SUHNER (Switzerland), Emcore (US), Gooch & Housego (UK), Seikoh Giken
(Japan), Apic Corporation (US), DEV Systemtechnik (Germany), Foxcom
(Jerusalem), Glenair (US), Optical Zonu (US), and Vialite Communication (UK).
These companies have developed innovative products that can be served in the RF
over fiber market.
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