The RF-over-fiber 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 rise of 4G, LTE advanced, and high demand for fiber optic cables for higher bandwidth and durability are driving the growth of this market.
Companies operating in the RF-over-fiber market have adopted various strategies such as product launches and development, and mergers and acquisitions over the last 4 years to grow in the market. Among these strategies, 5% of the developments were agreements, partnerships, and contracts; 87% of the developments were product launches and developments; 7% of the developments were expansions; and 8% of the developments were mergers and acquisitions.
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In the RF-over-fiber market, Finisar Corporation ranked first in the RF over fiber market in 2017. The company is among the worldwide leaders in fiber optic subsystems and components. The company offers products such as transmitters, receivers, transceivers, transponders, optical components, active optical cables, optical engines, optical instrumentation, reconfigurable optical add-drop multiplexer (ROADM) and wavelength management, and RFoF and optical amplifiers. Also, the company’s products include coarse wavelength division multiplexing, or CWDM, transceivers in the SFP form factor and dense wavelength division multiplexing, or DWDM, transceivers in the SFP, SFP+, XFP, and CFP form factors. These products include both fixed wavelength transceivers and tunable transceivers that are capable of dynamically tuning across a range of wavelengths in the C and L bands.
Broadcom ranked second in the RF over fiber market. The company is one of the leaders in the global product-based semiconductor market. Broadcom, formerly known as Avago Technologies, is the result of the acquisition of Broadcom Corp. (US) by Avago Technologies (Singapore), which took place in 2016. The company offers products that find their applications in enterprise and data center networking, broadband access, telecommunication equipment, smartphones, and data center servers. The company operates through 4 major segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. The company focuses on organic and inorganic strategies to strengthen its market position. For instance, in March 2016, Broadcom launched an end-to-end optical platform for 40 GbE, 100 GbE, 200 GbE, and 400 GbE data center interconnects.
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
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