The fiber optic components market was valued at US$ 16,546.7 million in 2019 and is projected to reach US$ 39,150.3 million by 2027; it is expected to grow at a CAGR of 11.3% from 2020 to 2027. The optic fiber communication technology is one of the key technologies driving the modern digital age. The optic fiber communication transmits data over fiber cable using light wave technology..
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