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| Dimension | Statistic | Notes |
|---|---|---|
| Market Size (2023) | $14 billion | Expected to grow significantly in the coming years. |
| Annual Growth Rate | 6.5% | Driven by demand for high-speed data transmission. |
| Key Application Areas | Telecommunications, Medical, Industrial | Various sectors utilizing fiber optics for efficiency. |
| Primary Material Used | Plastic Optical Fiber (POF) | Known for flexibility and ease of installation. |
| Leading Regions | North America, Europe, Asia-Pacific | Regions with rapid technological advancement. |