Global Fiber Optics Market was valued US$ 3.56Bn in 2018 and is expected to reach US$ 7.98 Bn by 2026, at CAGR of 10.62% during forecast period.
The growing importance of cloud computing, data transfer & storage, and IoT is driving the use of Internet, which is driving the global fiber optics market, as it acts as the backbone for data transmission. The request for the Internet is also driven by several other factors like increase in the number of connected devices in homes, increase in the request for Over-The-Top (OTT) video content, and the increasing Internet ac10.62cess. All these factors have led to an growth in Internet users, which in turn has led to the higher usage of optical fiber cable to transfer information over the Internet, thus driving the global fiber optics market.
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Fiber optics is the technology used to transmit information from one source to another. Information is transmitted either through glass or plastics optical fibersfibres of different diameters. The superior properties of fiber optics, like higher bandwidth, higher speed, and a lesser degree of attenuation than copper cable, make it a preferred material for use in various applications. Fiber optics is used in various communications and non-communications applications like telecom, premises, CATV, and sensors.
Scope of Global Fiber Optics Market:
Global Fiber Optics Market, By Cable Type
• Single Mode
Global Fiber Optics Market, By Optical Fiber Type
Global Fiber Optics Market, By Application
Global Fiber Optics Market, By Region
• North America
• South America
• Middle East & Africa
Key Players Operated in Market Include:
• Corning Inc.
• Prysmian Group
• AFL Global
• Sumitomo Electronics Industries (SEI)
• Ls Cable & System
• Leoni AG
• Furukawa Electric
• General Cable Corporation
Browse Full Report with Facts and Figures of Fiber Optics Market Report at: https://www.maximizemarketresearch.com/market-report/global-fiber-optics-market/31729/
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