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According to a new report Global Fiber Optics Market, published by KBV research, 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 North America market holds the largest market share in Global Multi-Mode Fiber Optics Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 4.6 % during the forecast period. The Europe market is expected to witness a CAGR of 5.9% during (2017 - 2023) in Global Single Mode Fiber Optics Market. Additionally, The Asia Pacific market is expected to witness a CAGR of 7.7% during (2017 - 2023).
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years. The major strategies followed by the market participants are Product launches and Partnerships & Collaborations.
KBV Cardinal Matrix - Fiber Optics Market
Source: KBV Research Analysis, Company Publications and Secondary Research
The Telecom market holds the largest market share in Global Fiber Optics Market by Vertical in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 5.1 % during the forecast period. The Military & Aerospace market is expected to witness a CAGR of 5.8% during (2017 - 2023). Additionally, The Medical market would garner market size of $615.0 million by 2023.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Fiber Optics Market have been discussed in the report with the competition analysis and elaborated company profiles of 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.
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