Latest Market Research Report 2025

  The global   fiber optics market   was valued at   USD 8.76 billion   in 2022 and is projected to grow at a   compound annual growth rate (CAGR) of 6.9%   from 2023 to 2030. Fiber optics technology, a significant modern-day innovation, has developed due to extensive research and development (R&D) conducted by researchers and scientists worldwide. This field has evolved as a result of years of rigorous studies and technological advancements. Several key players in the market, particularly connector manufacturers, are expanding their product lines to include fiber optic channels that are designed to be both highly protected and precisely aligned for optimal performance. For instance, in December 2022, Microsoft made a strategic move by acquiring Lumenisity Limited, a fiber optic products supplier based in England. This acquisition strengthens Microsoft's capabilities in enhancing its global cloud infrastructure and ensures that the compan...

  Fiber Optics   Industry Overview The global fiber optics market size is expected to reach USD 14.93 billion by 2030 and exhibit a CAGR of 6.9% from 2023 to 2030, according to Grand View Research Inc. The growth is attributed to the rising government funding in developing secure infrastructures to avoid massacres. Rising terrorism is also appealing to government authorities and defense services of different countries to take initiatives and stringent steps and curb such occurrences. This has led to the evolution and adoption of several technological methods such as body cams, wearables, and other responders that keep the security personnel connected, irrespective of the user’s location and user fiber optics for communications.   The concept of IoE (Internet of Everything) is attracting the security sector, worldwide, owing to the increasing awareness of the effectiveness and efficiency of the technology that aids in curbing national issues such as rio...