Fibre Optics Market is estimated to be US$ 11.74 billion by 2030 with a CAGR of 10.2% during the forecast period
Fibre Optics Market accounted for US$ 4.65 billion in 2020 and is estimated to be US$ 11.74 billion by 2030 and is anticipated to register a CAGR of 10.2%. Optical fibre, commonly known as fibre optics, is a method and medium for transmitting data and information via optical cable as light pulses travelling through glass or fibre. The core of the fibre optic cable is covered with cladding, which is a glass covering. The buffer tube also shields the cladding, while another layer, known as the jacket layer, serves as a protective layer. Because optical fibre cable is the primary medium for data transfer from one point to another, telecommunication is the most important end-use industry for fibre optics. Fiber optic cables have become more popular as a means of transmitting signals with minimal loss over time, fueling industry expansion. The Report " Global Fibre Optics Market, By Type (Single Mode Fiber Optics, Multimode Fiber Optics, And Plastic Optical Fiber),...