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Fiber optics market will be worth $3.0 billion by 2019 according to new research report

Some of the key players of fiber optics market are Corning Inc. (U.S.), Prysmian SpA (Italy), Sterlite Technologies Limited (India), Yangtze Optical Fiber and Cable Co. Ltd. (China), Fujikura Limited (Japan), and others

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The report “Fiber Optics Market by Application (Telecom & Broadband, Utilities, Oil & Gas, Private Data Networks, Military/Aerospace, Cable Television & Others) - Global Trends & Forecasts to 2019 ” defines and segments the global fiber optics market with an analysis and forecast by region and application by value.

Fiber optics is the science of transmitting data, voice, and images by the passage of light through thin, transparent fibers. A fiber optic consists of a bundle of glass threads, each of which is capable of transmitting messages modulated onto light waves.

It is basically a technology that uses glass (or plastic) threads (fibers) to transmit data. Through the process of total internal reflection, light rays beamed into the fiber can propagate within the core for great distances with remarkably little attenuation, or reduction in intensity.

The degree of attenuation over distance varies according to the wavelength of the light and the composition of the fiber.

The use and demand has grown tremendously and the fiber optics applications are numerous. Telecommunication applications are widespread, ranging from global networks to desktop computers.

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These involve the transmission of voice, data, or video over distances of less than a meter to hundreds of kilometers, using one of a few standard fiber designs in one of several cable designs. Other important applications are oil & gas industry, utilities, private data networks, biomedical, and others.

The global fiber optics market is expected to reach a value of $3.0 billion by 2019. It will grow at a CAGR of 5.1% from 2014 to 2019.

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Asia-Pacific is projected to be the biggest market for fiber optics on account of the growing demands from the end-user industries. The growth is due to the increasing demand for optical communication applications and development of economies in the region and also the purchasing power of the people have increased, resulting in a growing demand for consumer products.

The European market is projected to grow steadily in the coming years. The continued growth in 4G mobile usage, FTTx applications, and progress in FTTH/FTTC are the main reasons for the development of fiber optics in this region.

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