Microduct market projected to reach $13.63 billion by 2032 due to increasing demand for fiber-optic networks and high-speed data networks
From GlobeNewswire: 2025-01-23 08:00:00
The Microduct Market was valued at USD 5.21 Billion in 2023 and is projected to reach USD 13.63 Billion by 2032, growing at a CAGR of 11.30% from 2024-2032. The market growth is fueled by the global push for digital transformation and the increasing demand for high-speed data networks.
The rising adoption of digital technologies by businesses, governments, and residential sectors has increased the need for fiber-optic networks, driving the demand for microducts. With over 5.35 billion internet users globally, the reliance on mobile devices, cloud computing, and video streaming is further boosting the need for efficient fiber deployment and IIoT connectivity provided by microducts.
The flame retardant segment led the microduct market in 2023, offering fire-resistant solutions crucial for high-risk environments. The direct installation segment is expected to grow the fastest from 2024 to 2032, driven by cost-efficiency and quick deployment, especially in regions like Asia-Pacific and Africa.
In 2023, the FTTX (Fiber to the X) segment dominated the microduct market, driven by the increasing demand for high-speed internet and connectivity. The data center segment is expected to grow rapidly from 2024 to 2032, supported by the surge in cloud services and AI.
APAC led the microduct market in 2023, while North America is set for the fastest growth from 2024 to 2032. The APAC region’s growth is driven by rapid urbanization and government initiatives like China’s 5G rollout and India’s BharatNet project. North America’s growth is fueled by advancements in 5G infrastructure and increased investments in rural broadband projects. The Microduct Market Growth & Outlook Report for 2024-2032 provides insights on production volumes, design trends, adoption metrics, and supply chain in the microduct industry. The report also includes a competitive landscape, market segmentation by type and application, regional analysis, company profiles, and use cases for best practices.
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