Our in-depth market data report on Fiber Optic Telecommunications Industry. Explore verified statistics and the latest research. 58 billion in 2023 and is projected to grow at a CAGR of 4. Information technology (IT), telecommunications, medical, and other sectors in North America are driving market growth in optical fiber, further. The fiber optics industry is projected to reach USD 6. Glass fibers will dominate with a 57. The fiber optics market is estimated to be valued at. Global fiber expansion and faster networks are rapidly powering data traffic, with undersea links carrying 95% worldwide.