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Fiber Optic Components Market Worth 27.60 Billion USD by 2023PUNE, India, February 9, 2018 /PRNewswire/ -- According to the new market research report "Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate (10G, 40G, 100G, above 100G), Application (Communications, Distributed Sensing) - Global Forecast to 2023", published by MarketsandMarkets™ , the market is expected to grow from USD 17.15 Billion in 2018 to USD 27.60 Billion by 2023, at a CAGR of 10%. The factors that are driving the growth of this market are the increasing deployment of data centers, growing internet penetration and data traffic, and rising demand for bandwidth and reliability. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) https://www.marketsandmarkets.com/Market-Reports/fiber-optic-component-market-63775446.html Early buyers will receive 10% customization on reports Fiber optic components market for AOCs expected to grow at the highest rate during the forecast period The market for AOCs is expected to grow at the highest CAGR between 2018 and 2023. The cloud technology has developed rapidly with the beginning of the big-data age. To satisfy the demands of higher bandwidth and more applications in a variety of cloud computing environments, active optical cables (AOCs) have been developed. Fiber optic components market for 100G expected to lead the fiber optic components market between 2018 and 2023 The fiber optic components market for 100G is expected to hold the largest share by 2023. The market for 100G data rate is growing as it offers high-speed, increased data rate, predefined user configuration, and complete automation capabilities. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=63775446 Communications application expected to lead the fiber optic components market between 2018 and 2023 Among various applications, the communication application expected to account for the largest size of the overall fiber optic components market between 2018 and 2023. The growth of this market can be attributed to the mass utilization of digital technologies and applications in telecommunications, data centers, and enterprises. Also, positive trends in broadband and big data management are also driving the growth of the communications application. With all this development in the communications application, the demand for fiber optic components would also rise. APAC expected to lead the fiber optic components market between 2018 and 2023 APAC is expected to hold the largest size of the fiber optic components market during the forecast period. The rising industrialization and infrastructural development in this region have offered enormous opportunities for the use of fiber optic components across various applications in APAC. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=63775446 Finisar (US), Lumentum (US), Broadcom (US), Sumitomo Electric (Japan), and Accelink Technologies (China), Acacia Communications (US), EMCORE (US), Fujitsu Optical Components (Japan), Furukawa Electric (Japan), and II-VI (US) are the major players operating in the fiber optic components market. Browse Related Reports Optical Communication and Networking Market, By Component (Fiber, Transceiver, Amplifier, Switch, Splitter, Circulator), Technology (WDM, SONET, and Fiber Channel), Application (Telecom, Data Center, and Enterprise) and Geography - Global Forecast to 2023 Active Optical Cable Market By Protocol (InfiniBand, Ethernet, Serial-Attached SCSI (SAS), and Others) Form Factor (QSFP, CXP, and Others), End-user Application (Data Center, Consumer Electronics, and Others) and Geography - Global Trends & Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/active-optical-cable-market-138597811.html Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. 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