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RF-over-fiber Market Worth $566 Million by 2023
July 23, 2018 | PRNewswireEstimated reading time: 2 minutes
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 $336.3 million in 2018 to reach $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.
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-fiber market 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.
About MarketsandMarkets
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.
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