Commercial Fiber Optic Connectors Market Size
As per the latest market research report, Commercial Fiber Optic Connectors Market is expected to garner US $ 4.70 billion by 2020, registering a CAGR of 9.85% during the projection period 2015-2020.
Growth Opportunities, Challenges and Restraints of Commercial Fiber Optic Connectors Market
The fast escalating demand for high bandwidth, among end users, largely drives the market. The growing adoption of mobile devices such as smartphones and tablets and the growing adoption of 4G LTE network platforms provide numerous possibilities for growth in the market. Cloud-driven applications, audio and video sets, online gaming, CATV require high-speed data services, supporting the growth of fibre optic connectors. High data security needs of the defence and aerospace sector increase the adoption of Commercial fibre optic connectors.
With the heightened need to reduce costs, interference, noise and installation time, high-quality connectors are being used by data centres to ensure stability, decrease air gaps and reflections and reduce insertion loss. The demand for Commercial fibre-optic networks has increased significantly in corporate markets, universities, hospitals, and government institutes due to the growing need for high-speed data, providing huge growth opportunities in the market.
The growing demand for high bandwidth from a variety of industries including Telecommunication, healthcare, automotive, and fuel and gas impact the market positively. Growing demand for services including cloud applications, video, and audio sets and online gaming by residential users and enterprises complements the growth of this market.
Fibre optic connectors are essentially used in the telecommunication industry. However, with improvements in technologies, fibre optic connectors are frequently being implemented by other industries including healthcare, power, strength and utilities, railways, and oil and gas. The escalating implementation of commercial fibre optic connectors in diverse applications has led to huge growth in the market and its impact will increase in the coming years.
Regional Presence of Commercial Fiber Optic Connectors Market
North America is forecasted to be the leading regional market for fiber optic connectors during the projected period, primarily owing to the rapid penetration of multi-fibre connectors in data centres. Applications such as cloud computing, virtualization, switching/routing, video, and convergence are driving the need for bandwidth expansion in data centres and 4G/LTE networks. In North America, the USA is set to serve the domain share in the market. Hardened fiber optic connectors (HFOCs) are affected by telecommunication components that are used broadly in the US to withstand climatic conditions such as snow, ice storms, high winds, and sleet.
Few of the leading companies dominating the Market profiled in the report are
- 3M
- Alcatel-Lucent SA
- Arris Group Inc.
- Hirose Electric Co. Ltd.
- Amphenol Corporation
- TE Connectivity Ltd.
- Hitachi Ltd.
- ZTE Corporation
- Furukawa Electric Co. Ltd.
- Corning Cable Systems LLC
- Broadcom Limited
- Ratio last Electronics
- Diamond SA
- Sterlite Optical Technologies Limited
- Sumitomo Electric Industries
This research report includes the following segmentation for the Commercial Fiber Optic Connectors Market size and forecast 2020
Commercial Fiber Optic Connectors Market - By Type
- Lucent Connector (LC)
- Standard Connector (SC)
- Straight Tip (ST)
- MXC
- Multiple-Fiber Push-On/Pull-Off (MPO/MTP)
- Others
Commercial Fiber Optic Connectors Market - By Application
- Telecom
- Dense Wavelength Division Multiplexing (DWDM) Systems
- Datacom
- Lasers
- Others
- Military
- Medicine
- Cable TV
Commercial Fiber Optic Connectors Market – By Region
- North America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle-East & Africa
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