Increasing demand for internet bandwidth and the rising demand for 5G network is among the factors driving the growth of the dark fiber market. The dark fiber market size is projected to reach USD 8.7 billion by 2026.
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By material, glass material accounted the larger share of overall dark fiber market in 2020
The glass segment held a larger share of the dark fiber market in 2020. Glass fibers provide thermal insulation, electrical insulation, sound insulation, high-strength, and resistance toward heat and corrosion. Plastic fibers are used for very short-range and consumer applications, whereas glass fibers are used for short/medium-range and long-range telecommunications. Some advantages of glass fibers are relatively easy, fast, and inexpensive assembly to fit a specific space or sensing environment. The assemblies of glass fibers are very rugged and perform reliably in extreme temperatures. Glass fiber assemblies can transmit both visible and infrared light, whereas plastic fiber optics can only transmit visible light.
By end user, BFSI industry is accounted second-largest share of overall dark fiber market in 2020
The BFSI segment captured the second-largest share of dark fiber market in 2020. Network infrastructure can be accessed by a cloud-based network, which results in multiple off-site Data Centers (DCs). Each DC with multiple data rate interface and high-speed link helps communicate between regional and remote offices. Therefore, financial institutions select dark fiber to improve their DC network connectivity.
Single mode fiber segment to projected to register the highest CAGR during forecast period
The single mode fiber segment is expected to register the highest CAGR between 2021 and 2026. The growth of this segment is accelerated due to the increasing prevalence of optical fiber networks across the world, which is expected to increase demand for more dark fiber networks in the near future. Also, these fibers cause low attenuation of light, thereby allowing it to travel further with low data losses. Hence, single mode fibers are mainly used in long-distance data transmissions, which are 50 times more than multimode fibers.
Long Haul segment held the larger share of the market in 2020
In 2020, long haul segment captured the larger share of the dark fiber market. The long haul networks are widely applied in undersea cabling across long oceanic distances and at notional demarcation lines, thus attracting the participation of several dark fiber ecosystem players in terms of investments. For instance, in January 2020, destroyer USS Stout (DDG-55) and USS Kidd (DDG- 100) deployed a long haul network to provide over-watch for more than 550 vessels, which are transited with critical choke points and delivered 1,500 maritime awareness calls to regional commercial shipping.
By region, APAC Dark fiber market estimated to grow at highest CAGR during the forecast period
The dark fiber market in APAC is projected to grow at the highest CAGR from 2021 to 2026. Governments of countries such as China, Japan, and India are heavily investing in security infrastructure at country levels. This, in turn, is creating new opportunities for companies in the dark fiber ecosystem. Also, this growth is attributed to the rising demand for dark fiber services from the ISPs and telecommunication industry. The BFSI industry and IT-enabled services in the region are also contributing to the growth of the dark fiber market.
Key Players of Dark fiber market
AT&T Intellectual Property (US), Colt Technology Services Group Limited (UK), Comcast Corporation (US), Consolidated Communications (US), GTT Communications, Inc. (US), CenturyLink, Inc. (US), NTT Communications Corporation (Japan), Verizon Communications, Inc. (US), Windstream Communications (US), and Zayo Group, LLC (US), are some key players in the dark fiber market.
The scope of the report covers detailed information regarding major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the dark fiber market. A detailed analysis of the key industry players has been carried out to provide insights into their business overviews, product offerings, and key strategies, such as product and services launches and developments, agreements, acquisitions, and partnerships, associated with the dark fiber market.
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