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Showing posts from June, 2022

Fibre Optics Market Size and Analysis, Trends, Recent Developments, and Forecast Till 2026

  Increasing adoption of higher bandwidth fibre optic cable for internet and communication. Market Size – USD 3.01 billion in 2018, Market Growth - CAGR of 8.9%, Market Trends – High investment in research in the fibre optic industry.   The global  Fibre Optics market  is expected to reach USD 8.43 billion by 2026, according to a new report by Reports and Data. The increasing demand for fibre optic cables in the military due to their higher bandwidth, cyber security and security against signal interference a major factor affecting market demand. Globally, countries have started realizing the need for better data services and cyber security, thus are shifting towards Fibre Optics to maintain their privacy. The need for high speed data transfer in social media sites, videos and other consumer apps is driving the market demand. In its “Future Telecoms Infrastructure Review (FTIR)” the UK government declared its objective of ‘industry-led switchover’ from copper to complete fibre. Hence