The Fiber Broadband Association says its annual Fiber Deployment survey by RVA LLC Market Research & Consulting (RVA) concludes 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, notes the FBA.
“The fiber broadband industry is experiencing record-breaking success, and there is a lot more runway left to go,” said RVA Founder and CEO Mike Render. “The addressable FTTH market remaining is still very large assuming about 70 million first passings left (including household growth) and an estimated 80 million more second or third FTTH passings to go.”
The 2024 survey data suggests that fiber now passes 56.5 percent of U.S. households. Fiber take-rates increased slightly in 2024, growing to an average of over 45 percent based on unique passings. Service providers are now achieving their first 20 percent take rate in a much faster period and reaching higher take rates over time, according to the RVA survey.
Looking forward, the 2024 North American Fiber Provider Survey suggests strong investment in fiber will continue across private equity, mergers and acquisitions, capex reinvestment, and public funds. The 2025-2029 period could see more than a 50 percent increase in homes passed and more than a 100 percent increase in route miles to support homes passed. Furthermore, RVA predicts other growing markets—like data centers, middle mile, energy, quantum, and more—may keep the fiber industry strong for many years beyond the maturity of the FTTH boom.
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