Fiber Optic Connector Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Global Fiber Optic Connector Market: Overview

The global fiber optic connector market is driven by the increasing penetration of cloud-based application among consumers across the world. These connectors find significant application in datacenter, security systems, and inter/intra building applications.

  • The increasing usage of fiber optics has brought in a major transformation in the way security systems work. The rising concerns over privacy breach and data security in the defense and aerospace industry have augmented the demand for fiber optic connectors, as they offer a much improved security, interference immunity, and massive huge bandwidth capabilities.
  • Data centers have also surfaced as a prominent application area of fiber optic connectors. Since Fiber optic connectors offer highly effective data transmission even in harsh weather conditions, they are significantly useful in overcoming constraints, such as energy, space, and cooling.
  • The demand for high quality fiber optic connectors is increasing on the back of the augmenting need to reduce noise, cost, interference, and the time taken in installation. Data centers are utilizing these optic connectors to ensure stability and reduce reflections, air gaps and insertion loss.
  • The rising requirement of of high speed network in corporate centers, giving rise to the demand for fiber optic networks, will also support the growth of the global fiber optic connector market in the years to come.

The escalating deployment of fiber optic connectors in a number of applications is leading to enormous growth in this market and will continue like this in the coming years, creating new opportunities for manufacturers.

With the growth of online and offline connectivity, the technologies that make up the supporting infrastructure are also growing at a rapid pace. Data transfer rates have been growing at remarkable rates. Data transfer rates reaching 400 GB/s and beyond have rendered traditional high-speed copper cables and connectors useless. The outdating of traditional physical connectivity methods has thus paved the way for Optical Fibers and fiber optic connectors which can enable efficient data transfer rates at higher bandwidths.

Fiber optic connections inherently depend upon fiber optic connectors which act as an end point for devices connected to a network. As signals in a fiber optic based connections transmit data through a beam of light, Fiber optic connectors play a major role in preventing data loss by eliminating air gaps between connecting ends. This prevention of data loss is particularly important for industries like Aerospace, defense and medical where low latency and minimal data loss is of utmost importance. For the same reason, a sizable portion of the growth in the fiber optic connector market is expected to be generated from these industries.

Fiber Optic Connector Market: Drivers & Challenges

Increasing density of end devices connected to a single network is proving to be a primary challenge for telecom providers. Telecom providers have made significant investments in harnessing the maximum capacity of their existing networks which has been driving the need for fiber optics and thus fiber optic connectors. The growth is further going to be augmented further as 5G moves towards commercialization augmenting the need for fiber optic connectors further. While device density does drive the Fiber optic connector market, it is also the primary restraint for the fiber optic connector market as consumers and enterprises are adopting wirelessly connected IoT devices at a staggering pace restraining the growth of fiber optic connector market.

Fiber Optic Connector Market: Segmentation

Segmentation of Fiber Optic Connector Market, By Type

Standard Fiber Optic Connectors:

  • SC connectors are the most basic type of fiber optic connectors and are known for easy operation, high accuracy, and low cost. These connectors, however, are susceptible to accidental disconnection.

Lucent Fiber Optic Connectors:

  • Lucent connectors are a miniaturized version of Standard fiber optic connectors. They also feature a locking mechanism to avoid accidental disconnection.

Straight Tip Fiber Optic Connectors:

  • ST fiber optic connectors are most popular for multimode networks and are spring loaded to ensure connection without data loss.

MPO/MPT Fiber Optic Connectors:

  • Multi Fiber Push on fiber optic connectors connect four to twenty-four fiber connections in a ribbon cable. MPT cables are a registered trademark of US Conec and are the most widely used type of MPO connectors.

MXC Fiber Optic Connectors:

  • MXC connectors are the most advanced form of Fiber Optic Connectors and are usually deployed data centers and HPC environments.

Fiber Optic Connector Market: Regional Overview

North America is expected to lead the fiber optic connector market in terms of market share followed by Asia Pacific and Europe. The growth of fiber optic connector market in North America will be fuelled by the demand for fiber optic cables in Data centers for applications such as cloud computing, video, virtualization, etc. Whereas the demand of fiber optic connectors in Asia Pacific will be primarily driven by the growth in Telecommunications and IT.

Fiber Optic Connector Market: Competitive Landscape

Key Contracts/Agreement/Acquisitions

  • In April 2017 Verizon, a telecom operator signed a deal with Corning Cable Systems LLC, a Fiber optic connector provider to purchase Fiber optic cable & Fiber optic connectors worth US$ 1.05 Bn

Key Players

  • The major players in Fiber Optic Connector market include Alcatel-Lucent SA, 3M, ZTE Corporation, Broadcom Limited, Corning Cable Systems LLC, Hitachi Ltd., Amphenol Corporation, Molex Incorporated and Extron Electronics

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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