The
global fiber optic connectors market is exhibiting enormous growth on
the account of rising demand for improved security, high bandwidth,
and fast connectivity. In 2014, the market had reached a value of
US$2.72 billion. Aided by large-scale production and technical
development, the global fiber optic connectors market is projected to
expand at a CAGR of 7.4% during the period of 2015-2021 and attain
US$4.43 billion by the end of the term.Though the market is showing
immense growth, but analysts expect that owing to the significant
development of wireless networking systems, the fiber optic
connectors market will face a tough challenge.
LC
Market to Report Impressive Growth on Account of Heightened Demand
The
markets for lucent connectors (LC), straight-tip (ST) connectors,
standard connectors (SC), multiple-fiber pull-off/push-on (MTP/MPO),
and others such as mechanical transfer registered jack, ferrule
connectors, and aviation immediate maintenance connectors are the
major product segments of the global fiber optic connectors market.
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Among
these, the LC market segment held the leading position in 2014.
Lucent connectors, mostly utilized for high density connections, are
applied in data processing networks, telecommunication networks,
local area networks (LANs), cable television (CATV),
fiber-to-the-home, and premises distribution systems. These
connectors are half the size of standard connectors and are highly
efficient and because of this, nowadays, LC is replacing SC in
corporate networking systems. On account of the rising demand, the
market for LC is expected to register impressive growth in the
forthcoming years.
On
the basis of application, the global fiber optic connectors market is
classified into the markets for telecom, datacom, lasers, DWDM
systems, and others such as medical and healthcare, military, and
CATV. Among these, the telecom industry emerged as the leader in 2014
on account of the high uptake of fiber optic connectors as the
transmission medium for long-distance transmission and high data rate
in the telecommunications network. The rising demand for faster
internet services and superior telecom capacity is resulting in
extensive usage of optical fiber connectors in the telecom networks,
stimulating the growth of the market to a great extent.
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Rising
Penetration of High-density Multi-fiber Connectors Driving North
American Market
The
global market for fiber optic connectors is spread across North
America, Europe, Asia Pacific, Latin America, and the Middle East and
Africa. In 2014, the North America fiber optic connectors market
attained the topmost position by holding a 38.2% share of the overall
market. The rising penetration of high-density multi-fiber connectors
in most of the data centers in the region is one of the major growth
drivers of this market in North America.
In
the same year, the fiber optic connectors market in Asia Pacific was
ranked second, occupying a 30.6% share of the global market.
Continuous development in cabling technology and high-speed fiber
optic networks is the major factor fueling the growth of this market
in the Asia Pacific region.
The
global market for fiber optic connectors is fragmented and extremely
competitive owing to the presence of a large base of fiber optic
connector manufacturers. Arris Group Inc., Avago Technologies,
Corning Cable Systems LLC., Hirose Electric Co. Ltd., 3M,
Alcatel-Lucent SA, Ratioplast Electronics, Hitachi Ltd., Sumitomo
Electric Ind., TE Connectivity Ltd., Amphenol Corp., ZTE Corp.,
Diamond SA, Furukawa Electric Co. Ltd., and Sterlite Optical
Technologies Ltd. are the major players operating in the global fiber
optic connectors market.
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