DUBLIN--(BUSINESS WIRE )--The "Fiber Optics Market Size, Share, Trends, By Component, By Optical Fiber Type, By Application, By Cable Type, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The global fiber optics market size is expected to reach USD 11.18 Billion in 2030 and register a revenue CAGR of 9.3% over the forecast period, according to the latest report.

The advent of fiber optics has disrupted the telecommunication industry, providing high-speed data transfer with low power consumption. The report further mentioned that the outbreak of COVID-19 has created an unprecedented demand for fiber optics in the healthcare sector for real-time patient monitoring and other applications, which is further expected to drive the growth of the market over the forecast period.

The rising demand for high-speed Internet and the increasing adoption of cloud services are some of the factors that are expected to drive the growth of the fiber optics market. The increasing investment by various government bodies in the deployment of fiber optics is another factor that is expected to drive the growth of the market. The rising demand for data centers and 5G is expected to create new opportunities for the fiber optics market over the forecast period.

Fiber optic cable consists of a core of glass or plastic, surrounded by one or more layers of cladding material. The cladding reflects light back into the core, keeping it from escaping. This makes it possible to send signals over long distances without losing the signal strength. Fiber optics enables video-on-demand, computer networking and the delivery of digital content at very high speeds over long distances. The technology is used in two ways: In telecommunications, fiber optics has largely replaced copper wire as the medium for carrying voice, data and video traffic over long distances. In cable television (CATV), fiber optics are used to deliver digital television and other services to homes and businesses.

Increasing deployment of fiber optics in telecommunication and data communications is fuelling the growth of the fiber optics market. Fiber optics are used for transmission of light signals over long distances and have low attenuation as compared to metal wires. The advantages of fiber optics over traditional copper wires include higher bandwidth, less weight, no leakage of electromagnetic energy, and resistance to environmental conditions such as humidity, heat, and corrosion.

Some Key Highlights from the Report

For the purpose of this report, the publisher has segmented the global fiber optics market based on component, optical fiber type, application, cable type, and region:

Component Outlook (Revenue, USD Billion; 2018-2030)

Optical Fiber Type Outlook (Revenue, USD Billion; 2018-2030)

Application Outlook (Revenue, USD Billion; 2018-2030)

Cable Type Outlook (Revenue, USD Billion; 2018-2030)

Regional Outlook (Revenue, USD Billion; 2018-2030)

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900