Multimode Optical Fiber Market Outlook 2026 By Application, Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global multimode optical fiber market was valued over USD3507 million in 2019 and is anticipated to grow at a CAGR of around 16% on account of high reliability and high capacity offered by the multimode fibers. Multimode optical fibers are gaining popularity as different signals can be transmitted through the same fiber due to difference in reflection angle. Among applications, IT & Telecom segment is anticipated to account for the largest share during the forecast period on account of high demand for faster speed connections and greater bandwidth. Multimode optical fiber is also gaining prominence in medical sector for laser delivery systems and light illumination and conduction. Ongoing trend of minimally invasive surgeries and technological advancements are contributing to the growing share of multimode optical fibers in the medical sector. On the basis of geography, the global multimode optical fiber market is segmented into Asia-Pacif...