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The Multimode Optical Fiber market is expected to grow at a CAGR of 18.0% during 2019 to 2026. Multi-mode optical fiber is a kind of optical fiber frequently used for communication over short distances. Multimode optical fiber is made to take multiple light rays at the same time with a slightly different reflection angle. Multimode fiber cable can be used for small distances as the modes disperse over longer lengths.
Factors such as growing demand for superior bandwidth and quicker speed connections and technological development in the fiber optic cable are driving the market growth. Though, huge initial cost is restraining the market. Furthermore, rise in investments in optical fiber cable network infrastructure boosting the growth of the market.