Fiber Optics Market: Global Industry Analysis and Forecast (2021-2029)

Mayurikathade04 Apr, 2023Business

The Fiber Optics Market was valued at US$ 4.5 Bn. in 2021. Global Fiber Optics Market size is expected to grow at a CAGR of 10% through the forecast period. Fiber Optics Market Overview: The growing need for reliable, high-speed, and scalable communication infrastructure networks has led to the mass adoption of fiber optic cables, which are ten times faster than standard cables and carry much more data than copper cables of the same diameter. For example, the Fiber to the Home (FTTH) implementation by AT&T Fiber and Verizon Fios enables lightning-fast file downloads and seamless 4x video streaming. Companies are constantly striving to innovate in fiber networks to reduce the cost of building, operating, and maintaining (O & M) optical distribution networks (ODNs).