Fiber Optics Components Market: Up-to-Date Analysis of Latest Trends in Market

The science of transmission of data, pictures and voice by the passage of light through thin transparent fibers is called fiber optics technology. It is the technique that utilizes glass or plastic threads for the transmission of data over a network. It comprises of bundled threads of fiber optics used to transmit data over a network which are modulated into light waves having a specific wavelength. It is a flexible, transparent thread made of glass, slightly thicker than the human hair. It performs the function of waveguide to transmit data that has been modulated in the light waves, thereby transmitting it from one end to the other.
Fiber optics is very useful in transmission of data over long distance without any attenuation. They are used instead of the metal wires where huge amount of data is lost during the transmission process. They are less affected by electromagnetic interference, providing accurate and integrated data. The fibers that allow multiple modes or transverse modes are known as multi mode fibers while those that carry the waves in only one direction are called single mode fibers.
Considering the increased usage of high speed broadband services in the field of Internet, the market is shifting towards more sophisticated and advanced techniques which also includes optic fibers. Considering the shift or change in the utilization of Internet technology, the growth rate as recorded happens to be USD 1900 million in 2011 and considering the current utilization and the shift towards fiber optics, the expected market is around USD 2900 million in 2017 with a CAGR of 9.5%.
The growing concerns of safety and security with usage of new sophisticated technology are fuelling the market of fiber optics. Fiber optics’ supports remote sensing, a type of technique, wherein no actual physical medium is required for the transmission of data, thereby helping in the reduction of wear and tear of the fiber materials used. This has helped to transmit data over regions which were inaccessible using the traditional technology.
The utilization of alternative cost efficient raw material for are fuelling the market of fiber optics, reducing the operating costs and increasing its revenue.