5G Network Installations Set to Skyrocket Fiber Optics Market | by Yisela Alvarez Trentini | Oct, 2020

The Fiber Optic Components Market was valued in 2019 at $16.54 billion and is projected to reach $39.15 billion by 2027, growing at a compound annual growth rate (CAGR) of 11.27% for the 2020 to 2027 period. The market is expected to widen owing to the development of edge technology and the internet of things (IoT), an increased number of data centers, and the upcoming 5G network infrastructure installations.

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