According to the latest report "Global Multimode Optical Fiber Market Analysis 2014-19 and Forecast 2020-24" by ResearchAndMarkets, the global multimode optical fiber market will grow at a compound annual growth rate (CAGR) of about 16%. Multimode fiber is popular because of its high reliability and high capacity, and different signals can be transmitted through the same fiber due to difference in reflection angle.
IT & Telecom segment is are expected to account for the largest share. In the medical field, multimode optical fibers have also received increasing attention in laser delivery systems and light illumination and conduction. As projects such as smart cities, Internet of Things and fiber-to-home connections have been implemented in many economies in the Asia-Pacific region, including China and India, the region is expected to account for the largest share, and this trend will continue in the coming years.
Article sources: Research and Markets