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", The RFoF market is expected to grow from USD 291.1 million in 2017 to USD 566.1 million by 2023, at a CAGR of 10.97%. Rising demand for fiber optics cables for higher bandwidth and durability and growing adoption of 4G, 5G, LTE advanced and VoIP technologies, is expected to drive the growth of the RFoF market during the forecast period.
Browse 68 market data Tables and 38 Figures spread through 140 Pages and in-depth TOC on "RF-over-Fiber Market - Global Forecast to 2023"
L frequency Band to hold major share of RF-over-fiber(RFoF) market during forecast period
L band has been the most commonly deployed frequency band across the world, and the market for L-band RF over fiber products is estimated to be valued at USD 131.2 million in 2018. L-band RF over fiber solutions find their applications in low earth orbit satellites, military satellites, and terrestrial wireless communications such as GSM mobile phones. The demand for satellite communications in the APAC region is increasing significantly for HD TVs, DTH television sets, and intercontinental video transmission. The market for L-band RF over fiber products is expected to grow from USD 116.5 million in 2017 to USD 192.5 million by 2023, at a CAGR of 7.97% during the forecast period.
Telecommunications application to dominate RF-over-fiber (RFoF) market during forecast period
Telecommunications accounted for the largest size of the RFoF market in 2017. The demand for RFoF solutions is largely generated for mobile backhaul in the cellular communication segment. The proposed deployment of 5G technology by 2020 is expected to fuel the growth of the RFoF market for the telecommunications application. 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 the telecommunications applications during the forecast period.
APAC to hold major share of RF-over-fiber (RFoF) market by 2023
APAC accounted for the largest share of ~35% of the global RF over fiber market in 2017. The demand for RFoF products in this region is largely driven by the increased demand for higher bandwidth data services from a large number of smartphone users in this region, particularly in China and India. These 2 countries are among the largest adopters of smartphones, and the consumption of mobile data is also significantly high in India and China. The increasing government projects and infrastructure developments for the expansion of networks such as FTTH, FTTC, and FTTB will also drive the demand for RFoF products in Asia Pacific. The increased spending on smart devices and growing use of internet applications, such as video streaming, data transfer, IoT, and OTT content, have led to the growth of the RFoF market in APAC. APAC is estimated to exhibit the highest growth rate of 12.96% in the RF over fiber market during the forecast period. Europe accounted for the second-largest share of the market for RFoF solutions in 2017, while North America held the third-largest market share in the same year.
Finisar (US), Broadcom (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 (UK) are among the major players in the RFoF market.
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