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Fibre optic connector market expected to reach $5.9 billion by 2025

Created June 12, 2017

The global fibre optic connector market is foreast to reach $5.9 billion by 2025, according to a new report by Grand View Research. The fibre optics segment is expected to grow, significantly, over the forecast period. Fibre optic connectors have huge potential to be incorporated into a wide range of applications in the healthcare, railway, defence & aerospace, and oil & gas sectors.

This technology is under constant R & D and aims to develop low-cost applications and technological solutions for the mass market. The fibre optic technology has gained prominence over the past few years, owing to the persistent research & development activities and the escalating demand from high bandwidth communication and data services.

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