The fiber optic market to generate $ 1.5 billion this year

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Welcome to the Thomas Index report for the week of January 10.

The fiber optic market, which transmits information in the form of pulses of light along a plastic or glass fiber, is positioned for substantial growth in the coming months. Spending on improving infrastructure has increased in both the public and private sectors. With the rapid increase in infrastructure needs and the rapid increase in technology connectivity bandwidth amid the growth of IIoT, VR, and AR, the fiber optic market in the United States is should generate almost a point five billion dollars this year.

According to September 2020 data, which are the latest figures available, AT&T Fiber currently has the largest fiber optic coverage in the United States with eleven point six percent coverage nationwide. Crown Castle Fiber is in second place with eleven point one percent, with Verizon Fios rounding out the top three with ten point seven percent coverage. Rhode Island, New Jersey and Utah top 2020 rankings list of states with the greatest coverage nationwide.

Our data shows that the demand for fiber optics on the Thomasnet dot com platform has increased by two hundred and twenty percent year-over-year and three hundred and twelve percent from last quarter figures.

One last thing before concluding today’s report – I wanted to mention an upcoming webinar on Thomas that we will be hosting this Wednesday, January 12, at 1 p.m. EST. Our free fourth quarter 2021 industrial sourcing and supply chain webinar will discuss last quarter’s sourcing trends, sourcing growth by industry and region, and our team’s forecast for the upcoming Q1 2022 sourcing activity. Additionally, webinar attendees will have exclusive access to unshared bonus data in our quarterly sourcing eBooks or index report videos. register today and I’ll see you there.

I’m Tony Uphoff, and this is the Thomas Index Report.

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