Fiberoptic components industry projected to reach $4.71 billion by 2009

Recent economic downturns and uncertainties among telecommunication companies have made it imperative for fiberoptic electronic component manufacturers to tap increasingly lucrative Asia-Pacific markets to maintain profit margins, according to a recent study, ''World Fiber Optic Electronic Components Markets,'' by Frost & Sullivan.

By Control Engineering Staff August 7, 2003

Recent economic downturns and uncertainties among telecommunication companies have made it imperative for fiberoptic electronic component manufacturers to tap increasingly lucrative Asia-Pacific markets to maintain profit margins, according to a recent study, ” World Fiber Optic Electronic Components Markets ,” by Frost & Sullivan.

The study reports fiberoptic industry revenues were $3.95 billion in 2002, and are expected to reach $4.71 billion by 2009. ”The excessive inventories and weakened demand stunted the fast growth experienced in 2000 as companies were forced to lay off employees in order to stay afloat and others became easy targets for a buyout,” says Keith Robinson, Frost & Sullivan’s industry manager..