Fiber Optics Market Size, Share & Industry Analysis
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. 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...