According to the new market research report "RF-over-Fiber Market by Component, Frequency Band (L, S, C, X, Ku, and Ka), Application (Telecommunications, Radar, Navigation, Broadcast, and Broadband), Vertical (Civil and Military), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from USD 336.3 million in 2018 to reach USD 566.1 million by 2023, at a CAGR of 10.97% during the forecast period. Factors such as the rising demand for fiber optic cables for higher bandwidth and durability, growing adoption of 4G, 5G, LTE advanced, and VoIP technologies, and increasing military spending on C4I systems for enhanced communication and security are the factors that drive the growth of this market.
Early buyers will receive 10% customization on this report
The L band is likely to account for the largest share of the RF-over-fiber market between 2018 and 2023
Packet microwave is expected to hold the largest share of the microwave transmission equipment market by 2022. It is a low-cost, high-capacity communication technology, which is easy to install in urban as well as rural areas. The advantages of packet microwave technology-based broadband services include the increased bandwidth, improved modulation, and higher throughput capacities of microwave radios. This technology enables the efficient transmission of TDM and Ethernet packet over radio links and offers innovative and cost-effective wireless transmission solutions for carrier Ethernet services.
RF-over-fibermarket for telecommunications expected to hold the largest share during the forecast period
Telecommunications is expected to account for the largest share of the RF-over-fiber market during the forecast period. The emergence of Industrial Internet of Things (IIoT) and machine-to-machine (M2M) communication is also expected to boost the growth of the market for telecommunications applications during the forecast period.
APAC accounted for the largest share of the RF-over-fiber market in 2017
APAC accounted for the largest share of the RF-over-fiber market in 2017, followed by North America and Europe. This market in APAC is also expected to grow at the highest rate during the forecast period. China and India accounted for a significant share of this market in APAC in 2017. The high growth of the market in this region can be attributed to the increasing demand for high-speed wireless connectivity for consumer applications such as smartphones, high-definition video broadcasting, and e-commerce portals.
The key players operating in the RF-over-fiber market include 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.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: firstname.lastname@example.org