Fiber Optics Market - Global Trends & Forecasts to 2019

Fiber optic is used in a number of different applications and they range from the long haul intercontinental/transoceanic cables to metropolitan networks, to access networks and local area networks (LANs) in homes or buildings. Each application requires specific fiber optic characteristics. The global fiber optics market is expected to grow at a CAGR of 5.1% between 2014 and 2019 to reach a value of $3.0 billion. The demand is increasing and driven by investments in new information technology and telecommunication sectors, upcoming developments and projects in the U.S., China, India, Brazil, and Western and Eastern European countries. Asia-Pacific, North America, and Europe dominated the fiber optics market in 2013 and accounted for over 90% of the market share. In telecommunications, fiber optic technology has replaced copper wires in long-distance telephone lines. Broadband demand from 4G, FTTx, and LTE are increasing the demand in this sector. Construction of the 3G/4G mobile network and the metropolitan area network will boost the demand in the developing countries. Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications" web site. View the report:
Fiber Optics Market - Global Trends & Forecasts to 2019.