Fiber Optics Market
Fiber Optics Market was valued at USD 3,897 Million in 2019 and is forecast to expand at a CAGR of 9.4% over the forecast period, owing to the increasing demand for higher bandwidth communication.
Accelerating internet penetration and the emerging need for FTTx is one of the major factors fueling the fiber optics market growth. Intensified investment and research performed by leading producers to upgrade the technological arena and growing adoption of fiber optics in the medical industry for laser delivery systems and flexible bundling application are projected to drive the market growth. In addition, the expansion across utilities, telecom, premises, and industrial sectors and the rising demand for minimally infectious surgeries will further strengthen the Fiber Optics Market Share.
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By Fiber Type, the glass segment is predicted to increase at a higher CAGR over the forecast period, owing to the easy availability and high-performing glass fiber optics.
By Application, the communication segment is forecast to grow at a faster CAGR over the forecast period, owing the proliferation of utility, telecom, and industrial sector. Moreover, as per the Fiber Optics Market trends, a wide population base and accelerating number of internet users are anticipated to propel the segment’s size.
By region, Asia-Pacific is estimated to dominate the market during the coming years, primarily because of the infrastructural expansion and rapid industrialization. In addition, the presence of highly populated countries like China and India is predicted to augment the Fiber Optics Market Size.
Fiber Optics Market Segmentation:
Fiber Optics Market by Fiber Type
Fiber Optics Market by Cable Type
- Single Mode
Fiber Optics Market by Application
- Cable Antenna
- Television (CATV)
- Fiber Optics Lighting
Fiber Optics Market by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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