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Global Fiber Optic Components Market 2018-2023 - Expected to Reach $27.6 Billion by 2023 with APAC DominatingDUBLIN, Feb. 19, 2018 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering. The fiber optic components market is expected to grow from USD 17.15 billion in 2018 to USD 27.60 billion by 2023, at a CAGR of 10% during 2018-2023. The increasing internet penetration and data traffic are leading to the rapid growth of data centers, along with the need for high-speed transmission networks. Transceivers are used to upgrade telecommunications network and launch mega data centers. Hence, the transceivers market is expected to hold the largest share by 2023. The overall fiber optic components market in APAC is expected to hold the largest share in 2018. This is because APAC is the largest producer and consumer of smartphones, laptops, TVs, and various other data-generating devices. This leads to a high demand for the Internet in the region, and the trend is expected to continue during the forecast period. 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), II-VI (US), NeoPhotonics (US), Oclaro (US), O-Net Technologies (China), Reflex Photonics (Canada), Source Photonics (US), Fiber Mountain (US), Kaiam (US), MWTechnologies (Portugal), Nokoxin Technology (China), and Optienz Sensors (US) are the key players in the fiber optic components market. Market Dynamics Drivers
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For more information about this report visit https://www.researchandmarkets.com/research/b5cdfp/global_fiber?w=5 Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-fiber-optic-components-market-2018-2023---expected-to-reach-276-billion-by-2023-with-apac-dominating-300600652.html SOURCE Research and Markets |