Analysts at IndustryARC have come up with a report on fiber optics market, estimating its value to grow at a healthy CAGR of 11%-13% during the forecast period of 2019-2025. The report covers a plethora of topics pertaining to the market of fiber optics, the size of which is estimated to be between $3.1 billion to $3.4 billion. Geographically, Asia Pacific has been identified as the region with maximum potential, generating around 26% to 29% of the total demand as of 2018. In terms of various application industries that the fiber optics marketplace earns demand from, engineering applications are currently most lucrative, and the demand in the same will be escalating at an above average CAGR of 14% to 15% over the forecast period.
