Global Fiber Optics Market to Reach $7.25 Billion by 2025

The "Global Fiber Optics Market Analysis & Trends - Industry Forecast to 2025" report has been added to Research and Markets' offering.   The Global Fiber Optics Market is poised to grow at a CAGR of around 8.5% over the next decade to reach approximately $7.52 billion by 2025.

Some of the prominent trends that the market is witnessing include high-bandwidth communication in the maritime environment, increasing opportunities in the healthcare industry, technological advancements and the development of advanced fiber optics and extensive investments in R&D by leading players to develop and upgrade the fiber optics applications.

By cable type, fiber optics market is segregated into singlemode fiber and multimode fiber. Based on optical fiber type, market is segmented into glass optical fiber and plastics optical fiber. Depending on application, market is divided into military & aerospace, medical, railway, utility, BFSI, telecommunication, data center, CATV, industrial and metropolitan. Military & Aerospace segment is further classified into military vehicle sensing, optical computing, secure communication, surveillance system, UAV and weapon system.

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