The telecom sector is the biggest application sector, in terms of revenue, and is regulated by the regulations imposed by government and other related regulatory authorities. Researchers are focusing on innovating reliable and cost-effective fiber optic products, as the production and installation of fiber optic products are quite tedious and costly.

Manufacturers strive to optimize production processes, by regulating efficiency and prices, to curb other alternatives of the fiber optics technology.The fiber optic technology has gained prominence over the past few years, owing to the persistent research & development activities and the escalating demand from high bandwidth communication and data services.

The fiber optics segment is expected to grow, significantly, over the forecast period.Fiber optic connectors have huge potential to be incorporated into a wide range of applications in the healthcare, railway, defense & aerospace, and
oil & gas sectors.