Fiber optics, or optical fiber, refers to the medium and the technology associated with the transmission of information as light pulses along a glass or plastic strand or fiber.
Optical fibre-based current and voltage sensors are becoming popular for such applications because of the many advantages these sensors offer over the conventional current and voltage transformers.
The Indian domestic optical fibre market, during the past fiscal has grown tremendously and it is expected to over read a value of USD 290 mn by 2018, registering a growth at a CAGR of 12.5 %. The global Optical Fibre market was valued at $509.7 billion US Dollars (USD), with a steady Compound Annual Growth Rate (CAGR) of 5.8% between 2014 and 2020. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
· Aksh Optifibre Ltd.
· Aksh Technologies Ltd.
· Cosmos Fibre Glass Ltd.
· Crest Precision Screws Pvt. Ltd.
· Everlast Composites Pvt. Ltd.
· General Optics (Asia) Ltd.