The global fiber optic connectors market is segmented on the basis of geography, application, and type. By type, the global fiber optic connectors market is divided into lucent connectors (LC), straight tips (ST), multiple-fiber push-on/pull-off (MPO/MTP), standard connectors (SC), and others such as ferrule connectors and mechanical transfer registered jack connectors. The global fiber optic connectors market was dominated by the LC segment in 2014 and it is expected to maintain its dominating position by 2021.
By application, the global fiber optic connectors market is divided into the telecom industry, lasers, DWDM systems, datacom, and others such as military, CATV, and the medical sector. In 2014, the telecom industry led the global fiber optic connectors market. With increasing popularity of fiber optic connectors as a medium of transmission for high volumes of data and long distance transmission, the global fiber optic connectors market is expected to develop rapidly during the forecast period.
By geography, the global fiber optic connectors market is segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. In 2014, the global fiber optic connectors market was dominated by the North America sector, in terms of revenue. The North America market for fiber optic connectors accounted for 38.20% of the global market in 2014, driven by penetration of multi-fiber connectors having high density in certain data centers. In terms of value, the Asia Pacific market for fiber optic connectors stood at second position in 2014 with a 30.60% share. Advancements in cabling technology will drive the Asia Pacific market for fiber optics connectors during the forecast period.
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The global fiber optic connectors market is primarily driven by growing demand for higher bandwidth in the telecom industry. Increasing demand for high data volume in numerous data centers and transmission speed will also lead to the growth of the global fiber optic connectors market during the forecast period. Large-scale production of technologically advanced fiber optic connectors will drive the global fiber optic connectors market.
Transparency Market Research has recently published a new report on the global fiber optic connectors market. According to the report, the global fiber optic connectors market was valued at US$2.7 bn in 2014 and is expected to be valued at US$4.4 bn by 2021. The report, titled ‘Fiber Optic Connectors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021’, states that the global fiber optic connectors market is expected to grow at a 7.40% CAGR during the stated forecast period.
The global fiber optic connectors market is spread across the world, with leading players steadily introducing innovations in their fiber optic connectors. Some of the leading players in the global fiber optic connectors market are Amphenol Corporation (U.S.), 3M (U.S.), Arris Group Inc. (U.S.), TE Connectivity Ltd. (Switzerland), Hitachi Ltd (Japan), Avago Technologies (Singapore), Diamond SA (Switzerland), Sumitomo Electric Industries (Japan), and Furukawa Electric Co. Ltd. (Japan).
Key segments of The Fiber Optic Connectors Market
Fiber Optic Connectors Market, by Types
Fiber Optic Connectors Market, by Applications
- Telecom Industry
- DWDM systems
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