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Fiber Optics Market size worth $ 9.53 Billion, Globally, by 2028 at 9.9% CAGR: Verified Market Research®Growing demand for internet services owing to the increase in the number of internet users, has led to demand for high bandwidth connectivity and data transmission services, eventually increasing demand for fiber optics. JERSEY CITY, N.J., Nov. 18, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Fiber Optics Market" By Fiber Type (Glass and Plastic), By Cable Type (Single-Mode and Multi-Mode), By Application (Telecom, Oil and Gas, Military and Aerospace, BFSI, Medical), and By Geography. According to Verified Market Research, the Global Fiber Optics Market size was valued at USD 4.54 Billion in 2020 and is projected to reach USD 9.53 Billion by 2028, growing at a CAGR of 9.9% from 2021 to 2028.  Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=48325 Browse in-depth TOC on "Fiber Optics Market" Global Fiber Optics Market Overview With digital transformation on a rise, demand for Fiber Optics technology is witnessing massive growth. Technological advancement has led to the enhancement in the field of communication networking, which has further boosted the Fiber Optics Market. The rise in a number of internet connectivity in both developed and developing regions has further created a demand for Fiber Optics technology. According to the International Telecommunication Union (ITU), in 2019, over 51% of people were using the internet at a global level. It further states that the global penetration rate increased from nearly 17 per cent in 2005 to over 53 per cent in 2019. Thus, with the rise in the number of internet users, there is an increased demand for data transfer, creating demand for Fiber Optics. The growing demand for FTTx technology is also an emerging high growth prospect for the Fiber Optics Market. FTTx is any broadband network architecture that uses fiber optics as the optical medium to transmit information in a local loop for last-mile telecommunications. With the development of fibre optic networks, service providers have been able to optimise FTTx — fiber-to-the-X, in which X can refer to various subscriber locations, such as homes (H, as in FTTH) and buildings (B, as in FTTB) — with the most effective, cost-effective connectivity and bandwidth capabilities. With the rise in OTT (Over-the-Top) culture, demand for video technology, which has the highest bandwidth consumption has increased. Key Developments
The major players in the market are Corning Incorporated, Prysmian Group, Sterlite Technologies Limited, AFL Global, Finisar, Sumitomo Electric Industries, Ltd, LS Cable & System, Leoni AG, Furukawa Electric Co. Ltd., General Cable Corporation, Optical Cable Corporation. Verified Market Research has segmented the Global Fiber Optics Market On the basis of Fiber Type, Cable Type, Application, and Geography.
Browse Related Reports: Fiber-Reinforced Composites Market By Type (Carbon Fibers, Glass Fibers, Aramid Fibers), By Matrix Type (Polymer Matrix, Metal Matrix), By Resin Type (Thermoset Composites, Thermoplastic Composites), By End-Use Industry (Building And Construction, Automotive), By Geography, Forecast, 2021-2028 Optical Transport Network (OTN) Equipment Market By Service (Network Design And Optimization Services, Network Maintenance And Support Services), By Component (Optical Switch, Optical Transport), By Technology (Wavelength Division Multiplexer (WDM), Dense Wavelength Division Multiplexer (DWDM)), By End-User (Telecom, Government), By Geography, Forecast, 2021-2028 Optical Networking And Communication Market By Component (Optical Fiber, Optical Amplifier, Optical Transceiver), By Application (Data Center, Telecom, Enterprise), By Technology (Width Division Multiplexing (WDM), Fiber Channel, SONET), By Geography, Forecast, 2021-2028 Coherent Optical Equipment Market By Equipment (Modules/Chips, Optical Amplifiers, Optical Switches, Wavelength-division Multiplexer (WDM)), By Application (Original Equipment Manufacturers (OEMs), Networking, Data Center), By End-User (Industries, Public Sector, Service Provider), By Geography, Forecast, 2021-2028 5 Leading Optical Transceiver Manufacturers building a connected world Visualize Fiber Optics Market using Verified Market Intelligence:-: Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. About Us Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research. We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries. Contact Us Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg 
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