DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Fiber Optics Market 2016-2020" report to their offering.
The global fiber optics market to grow at a CAGR of 9.49% during the period 2016-2020.
Fiber optics is a technology that uses thin strands of glass or plastic, known as optical fibers, to carry information between two places using light. An optical fiber is a thin cylinder of dielectric material capable of transmitting messages using light waves as the mode of transmission and the principle involved is total internal reflection.
According to the report, the growing demand for increased network bandwidth is the primary growth driver for this market. With the proliferation of mobile computing devices, such as smartphones, tablets, and wearables with new capabilities, and the emergence of disruptive technologies that shift the bandwidth usage, the need for fiber optics is envisaged to increase rapidly during the forecast period.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.