Read About Global Optical Fibre Market

The fiber optics market size is estimated to be USD 4.3 billion in 2019 and is projected reach USD 6.9 billion by 2024, at a CAGR of 10.0% between 2019 and 2024. A fiber optic is a flexible, transparent fiber made of extruded glass (silica) or plastic which can function as a waveguide, or “light pipe,” to transmit light between the two ends of the fiber. It is a cylindrical dielectric waveguide that transmits light along its axis, by the process of total internal reflection. Fiber optics include a transparent core surrounded by a transparent cladding material with a lower index of refraction, through which the light travels by total internal reflection. This phenomenon causes the fiber to act as a waveguide. The demand for internet across the globe, coupled with the rising need for FTTx, is the major factor driving the growth of the fiber optics industry. On the other hand, growing wireless communication systems are restraining the market growth. get full report visit our website! Optical Fibre Market  

 

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