A new report from
U.S. based market analysis firm Transparency Market Research, titled
“Fiber Optic Connectors Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021”, presents detailed
historical data regarding the global optical fiber connectors market
and makes studied forecasts that will help industry leaders make
beneficial decisions regarding their next step in the market.
According to data
presented in the report, prepared by expert and experienced analysts,
the global fiber optic connectors market is rising at a 7.4% CAGR
from 2015 to 2021 and is expected to undergo growth of more than 62%
upon its 2014 value of US$2.72 billion. The market would be worth
US$4.43 billion if these estimations hold true.
Fiber optic
connectors are used to connect two optical fibers in a cost- and
power-efficient way. This enables smooth transfer of high bandwidth.
Demand for the latter has been steadily growing in sectors such as
the IT and telecommunications industry as well as in medical,
aerospace, and defense sectors. Demand for high bandwidth is expected
to further grow in the years to come, directly aiding the global
optical fiber connectors market. The telecom industry is accordingly
the largest application sector of the global fiber optic connectors
market.
Press Release:
http://www.transparencymarketresearch.com/pressrelease/fiber-optic-connectors-market.htm
Demand for optical
fiber connectors from governments is particularly high in developing
economies such as China, India, and Brazil. Enhancing the networking
between government agencies is a growing need in these countries,
leading to high demand from the global optical fiber connectors
market.
By type of
connectors, lucent connectors led the global fiber optic connectors
market, followed by straight tip connectors, standard connectors,
multiple-fiber push-on/pull-off connectors, and other types of fiber
optic connectors.
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Semiconductor & Electronics Market Reports:
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About TMR
Transparency Market
Research (TMR) is a U.S. based market intelligence company driven by
high-pedigree consultants and researchers. TMR leverages its
Syndicated Research, Custom Research, and Market Consulting expertise
to help businesses make accurate decisions. TMR’s exclusive blend
of quantitative forecasting and trends analysis draws on proprietary
data sources and techniques, while their data repository is
continuously updated to reflect the latest trends.
Contacts
Transparency Market
Research
Mr. Atil Chaudhari,
+1 518-618-1030
USA-Canada Toll
Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/
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