According to Markets and Markets, the global RF-over-fiber market will grow from $336.3 million in 2018 to $566.1 million in 2023, with a compound annual growth rate of 10.97% during the forecast period.
The following factors driving the market growth: Demand for fiber-optic cables such as higher bandwidth and durability continues to grow, and the growing popularity of 4G, 5G, LTE, and VoIP technologies, as well as increased military spending on C4I systems to enhance communications and security, etc.
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