Industrial, Manufacturing & Heavy Industry Market News

Global fiber optics market expected to grow at over 9% CAGR through 2022

Industrial Market Research

The global fiber optics market should reach $5.0 billion by 2022 from $3.2 billion in 2017 at a compound annual growth rate (CAGR) of 9.4%, from 2017 to 2022.

The global fiber optics market is expected to grow at a CAGR of over 9% and reach nearly US$ 5 billion in revenues by the end of 2022, according to a new research report added to the repository of Market Research Hub (MRH). The report titled “The Fiber Optics Market Make an Inquiry about this news: Glass, Plastic, and Alternatives” offers in-depth analysis and insights on the key developments that are likely to impact market growth during the assessment period.

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According to the report, demand for glass, plastics and other fiber optics is growing at a steady pace owing to pervasiveness of digitalization around the globe. Numerous industries around the world have completely shunned their offline models and are now serving their end-users through an online medium.