Global fiber market will grow at a compound annual growth rate of 5.8%
According to a report released recently by Absolute Markets Insights, a market research institution, the global fiber optic cable market will reach US$13.87 billion by 2021, with a compound annual growth rate of approximately 5.8%. The report pointed out that the increase in demand for long-distance data transmission and the increase in network traffic are driving the market to grow continuously. In addition, the popularity and use of mobile phones and other handhold devices (such as tablets and laptops) have also become an important driver. It is worth noting that the fiber optic cable global market in 2017 was approximately US$11.07 billion, with the Asia Pacific region accounting for the highest share.
OPTICO COMMUNICATION (www.fiberopticom.com) focuses on the development of fiber optic product lines and provides a comprehensive solution to the fiber connectivity system components. We supply fiber optic components. All the products adopt strict quality standards in the production and inspection, ensuring excellent operation performance and good product stability, and safely and reliably ensuring the long-term use of products.
For more details, pls visit OPTICO website: www.fiberopticom.com.