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The Global Fiber Optics Market size is expected to reach $4.7 billion by 2023, rising at a market growth of 6.1% CAGR during the forecast period. The global fiber optics market is driven due to the need for higher level of bandwidth for communication, opportunistic healthcare sector, and growing investments into the development of network infrastructure. The market would witness significant growth due to factors such as increasing investments and research undertaken by prominent fiber optic cable manufacturers to build and upgrade the application arena of the technology.
Based on Type, the Fiber Optics market segments the market into Multi-Mode, Single Mode, and Others. Based on Vertical, the Fiber Optics market segments the market into Telecom, Military & Aerospace, Oil & Gas, Medical, and Others. Based on Regions, the Fiber Optics market segments the market into North America, Europe, Asia-Pacific, Middle East and Africa. The market research report covers the competition analysis of key stake holders of the Global Fiber Optics Market. Key companies profiled in the report include Corning Incorporated, Optical Cable Corporation (OCC), LS Cable & System, Furukawa Electric Co., Ltd. (OFS Fitel, LLC), Prysmian Group, AFL Global, Birla Furukawa Fibre Optics Limited, Leoni AG, Finisar Corporation, and General Cable.