Lit Fiber Market Key Players Strategies, Analysis and Forecasts Till 2030

Lit Fiber Industry Overview

The global lit fiber market size was valued at USD 3.67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.7% from 2022 to 2030.

The rising demand for high bandwidth communication is propelling the growth of the market. Lit fiber networks easily transmit data, including audio, video, and pictures, across a few meters to several kilometers. It is an active cable primarily deployed across the globe and is entirely established, managed, and maintained by service providers. Lit fiber allows enterprises to scale their business, allowing network engineers to maintain and troubleshoot the network, making it more reliable. The IT and Telecommunication sectors have witnessed some significant applications of lit fiber. Technological advancements in the telecom sector have also been attributed to the rise in the deployment of broadband network architecture.

Gather more insights about the market drivers, restrains and growth of the Global Lit Fiber Market

North America lit fiber market, by type, 2020 - 2030 (USD Million)

Lit fiber can be configured as point-to-multipoint, with dedicated internet access and managed wave connections. Companies, including Amazon and Microsoft, offer their customers high-speed, low-latency connections and a secure network. It has enabled colleges and universities to stream their lectures in 4K video quality and present immersive learning experiences to students across the community.

Similarly, gaming companies have also been using these cables to offer gamers ultra-low latencies and gigabit speeds. Governments across the globe have leveraged this network to develop a platform for smart-city and public-safety applications and provide its residents with high-speed access to e-government services.

Browse through Grand View Research's Communications Infrastructure Industry Research Reports.

  • Hybrid Fiber Optic Connectors Market - The global hybrid fiber optic connectors market size was valued at USD 825.2 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030.
  • Fiber Management Systems Market - The global fiber management systems market size was valued at USD 6,911.19 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.3% from 2023 to 2030.

Market Share Insights

  • August 2021: FiberLight, LLC, a fiber infrastructure provider, partnered with Coloblox Data Centers to offer lit and dark fiber services in Coloblox's ATL1 Atlanta data center.

Key Companies profiled:

Some prominent players in the global lit fiber market include

  • AT&T
  • Altice USA
  • Comcast
  • Crown Castle Fiber
  • Frontier
  • GigabitNow
  • Lumen
  • Spectrum Enterprise
  • Verizon
  • Zayo

Order a free sample PDF of the Lit Fiber Market Intelligence Study, published by Grand View Research.

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