Factors such as need for controlled environment with extremely low levels of pollutants in manufacturing industries, Stringent regulations in healthcare and food processing industries to prevent contamination of product.
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The key factors fueling the growth of this market are the increasing demand for thermal scanners at airports for mass screening, rising expenditure from the governments worldwide in aerospace & defense sectors, growing R&D investments.
The major optical components includes optical fiber, optical transceiver, optical amplifier, optical switch, optical splitter, and optical circulator. Which will lead to market opportunity of USD 27.8 billion by 2025