Fiber

Fiber Optics Market – Actionable Research on COVID-19 | Increase in the Number of FTTH Homes and Subscribers to Boost the Market Growth

The global fiber optics market size is poised to grow by USD 2.44 billion during 2020-2024, progressing at a CAGR of almost 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005444/en/

Technavio has announced its latest market research report titled Global Fiber Optics Market 2020-2024 (Graphic: Business Wire)

The increase in the number of FTTH homes and subscribers is the key factor driving the market growth. A higher number of customers are opting for fiber optic connections to leverage broadband services. This reduces the requirements for customer premises equipment (CPE) and distribution point unit (DPU).

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Report Highlights:

  • The major fiber optics market growth came from telecom sector. The rise in FTTx applications has been a major driver for the telecom sector growth since it facilitates optical fiber connection for last-mile connections. The emergence of 5G communication technology will also be a major factor supporting the growth of the global fiber optics market in the telecom segment.

  • APAC was the largest fiber optics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing number of telecom subscribers and the deployment of fiber optics in communications will significantly drive fiber optics market growth in this region over the forecast period.

  • The global fiber optics market is fragmented. CommScope Holding Co. Inc., Corning

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Fiber Cement Siding: Worth the Investment?

A property’s exterior says a lot about it, and investing in the right siding can help attract buyers and help a home sell quickly. That’s good news whether you’re selling your own home or flipping a house to sell.

But which siding material should you choose? If your goal is to make your property look more attractive while increasing its resale value, fiber cement could make a lot of sense.

Fiber cement vs. other siding

A few key ingredients go into fiber cement siding:

  • Water
  • Wood pulp
  • Fly ash or silica sand as filler
  • Portland cement

Fiber cement is a popular siding option for a few reasons. First, fiber cement is extremely durable, and if installed correctly, it’s designed to withstand harsh weather conditions.

Fiber cement also looks great. Often, it mimics the look of painted wood, only it doesn’t require nearly the same level of maintenance as wood siding, which can rot over time. Wood is also subject to termite damage, whereas fiber cement is not.

The one thing fiber cement doesn’t always do the best job of, however, is insulate. In that regard, you may be better off with vinyl siding. But from an aesthetic standpoint, you might feel fiber cement offers a more natural look than vinyl.

What’s the cost to install fiber cement siding?

The average cost to install fiber cement siding is $19,700, according to the National Association of Realtors (NAR). That’s definitely more expensive than vinyl siding, which costs $15,800 on average.

On the other hand, with fiber cement siding, you’ll get a better return on investment. The NAR reports that those who install fiber cement add $15,000 of resale value as a result, which means they recoup 76% of their investment. With vinyl siding, the cost recovery is just $10,000, which means 63%

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