Fiber Optics Market

1
Fiber Optics Market to Reach US 29.05 bn by 2025
According to BlueWeave Consulting
2
According to BlueWeave Consulting, The
Global Fiber Optics Market worth USD 4.8 billion
is anticipated to witness significant CAGR of
7.6 in the forecast period 2019-2025. The
increasing demand for optical communication and
sensing applications for diverse purposes
provides avenues for industry growth. The growing
importance of cloud computing, data transfer
storage, and IoT is driving the use of the
Internet. Fiber optics acts as the spine of the
Internet, an optical fiber cable is used as the
medium for transmitting information from one
point to another. Moreover, the increasing demand
for cost-effective, power-efficient, and
high-level integration of IT infrastructure is
expected to drive demand for optic fiber in the
coming years. Fiber optics aids high-speed data
transfer services in both slight and long-range
communications. Furthermore, the increasing
cloud-based applications, audio-video services,
and Video-on-Demand (VoD) service further
stimulate the demand for fiber optic
installations. The demand has increased as both
commercial and personal use of technology has
grown highly used to the instant nature of
connectivity. The growing adoption of technology
in communication and data transmission services
will fuel the market.
3

• Telecom segment is projected to be the leading
  application of the fiber optics market during the
  forecast period.
• Among application, Telecom Segment dominates the
  entire optic fiber market and anticipated to lead
  the market over the forecast period 2019-2025.
  Owing to the rising technology adoption in
  communication and data transmission services. The
  latest trend gaining momentum in the market is
  the development of next-generation
  telecommunication standard. The high demand for
  optical communication and sensing applications
  for various purposes provides avenues for market
  growth. Due to the persistent analysis
  development activities and the escalating demand
  for high bandwidth fiber optic cable for
  communication and data services. Medical and
  military aerospace applications are the fastest
  growing applications. Stringent regulations and
  standards being levied by the regulating
  authorities and medical associations are further
  helping the fiber optics market to flourish in
  the medical sector, eventually driving the global
  fiber optics market to grow at a notable pace
  over the forecast period.
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• https//www.blueweaveconsulting.com/fiber-optics-m
  arket-bwc19110