The Fiber Broadband Association announced the results of the Fiber Deployment survey by RVA LLC Market Research & Consulting (RVA). The survey concludes fiber broadband deployments reached a new annual record of 10.3 million U.S. homes passed in 2024. Including homes with more than one passing, there are now a total 88.1 million homes passed with fiber in the U.S. with continued growth expected over the next five years.
The 2024 survey data suggests that fiber now passes 56.5% of U.S. households. Fiber take-rates increased slightly in 2024, growing to an average of over 45% based on unique passings. Service providers are now achieving their first 20% take rate in a much faster period and reaching higher take rates over time.
The research also reports on supply chain and alternative broadband technology markets. RVA declared the fiber industry's inventory issues generated by COVID-era stockpiling are now resolved with the average months of inventory estimates steadily going down. The research also concludes that, among those customers churning in the past two years, fiber's main competitor, HFC cable, had a net loss of 33% in areas where fiber was available. RVA predicts cable will continue to see the migration of customers to fiber as well as cable providers replacing their legacy plant with fiber.
Source: https://www.lightreading.com/fttx/10-3m-us-homes-passed-with-fiber-in-2024