5G and IoT Boom Fueling Fiber Optic Cable Market Growth
The fiber optic cable market has been witnessing significant growth, driven by increasing demand for high-speed data transmission and expanding network infrastructure. In 2022, the market was valued at USD 11.68 billion and is projected to grow at an impressive CAGR of 15.6% during the forecast period, reaching substantial figures by 2031.
A fiber optic cable is a high-speed data...
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