Fiber Optics Market: Growth, Trends, and Future Outlook
The global fiber optics market is on a strong growth trajectory, driven by the increasing demand for high-speed internet connectivity, advancements in communication technologies, and the growing need for efficient data transmission in various industries. Valued at USD 8.1 billion in 2023, the fiber optics market is projected to grow from USD 8.4 billion in 2024 to USD 15.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.90% during the forecast period (2024-2032).
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