The fiber optics industry is projected to reach USD 6. 18 billion in 2024, at a CAGR of 16. Rapid expansion of data centers, cloud services, and 5G infrastructure is driving strong adoption of fiber optic solutions. The rapid advancement of high-speed communication networks is driving widespread fiber deployment, rising data traffic. The fiber-optic industry emerged in the 1970s, driven by significant scientific advancements in the previous decade, particularly the invention of the laser in 1966 and the development of low-attenuation glass fibers by Corning Glass Corporation in 1970. 10% during the forecast period.
