The FTTx market is expected to grow from $9.70 billion in 2018 to $14.31 billion by 2023, at a CAGR of 8.10 percent from 2018 to 2023.
Growing demand for higher bandwidth and the use of fiber for cloud computing services are driving the growth in FTTX market. The high installation cost of the FTTx network hinders the growth of the market.
Total ~274 million
Asia Pacific ~77 percent
Europe 15 percent
North America 5 percent
Latin America 2 percent
Middle East and Africa 1 percent
The report said FTTx market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific is likely to continue to hold the largest market size due to the demand for broadband, especially in highly populated countries such as India and China.