Fiber Optic Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021
Albany, NY -- (SBWIRE) -- 06/19/2015 -- According to a new market report published by Transparency Market Research "Fiber Optic Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021"was valued at USD 2.72 billion in 2014 and is estimated to grow at a CAGR of 7.4% to reach USD 4.43 billion by 2021.
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Fiber optic connectors are required in every application area where optical fibers are used for the transmission of signals. Fiber optic connectors are used in outside plant applications, public telecommunications network and in wiring installations at the customer premises. An increase in demand for high bandwidth in the telecommunication networks is primarily driving the growth of the market. The telecommunication vendors have gradually moved to optical networking, which is inherently capable of carrying a higher bandwidth capacity than the existing infrastructure. Moreover, the application of fiber optic connector in the medical, aerospace and military sectors is also set to bolster the growth of the global fiber optic connector market. Governments of many countries across the world namely China, India and Brazil among others are investing in the deployment of fiber optic connectors in order to improve the network infrastructure, which in turn is anticipated to further increase the demand for optical interconnects. Therefore, these factors are expected to have an impact on the growth of fiber optic connectors market positively during the forecast period, i.e., from 2015 to 2021.
The global fiber optic connectors market by type has been segmented into five segments: lucent connectors (LC), standard connectors (SC), straight-tip (ST) connectors, multiple-fiber push-on/pull-off (MPO/MTP), and others (including ferrule connectors, mechanical transfer registered jack and aviation immediate maintenance connectors). LC segment was the largest contributor in 2014. Lucent connectors are typically used for high density connections and its application areas include telecommunication networks, data processing networks, cable television (CATV), local area networks (LANs), premises distribution and fiber-to-the-home.
By applications, , the global fiber optic connectors market is divided into five segments, namely: telecom industry, datacom, DWDM systems, lasers and others (including military, medical sector, and CATV). The telecom industry held the largest share in 2014 owing to the popularity of fiber optic connectors as the transmission medium for high data rate and long-distance transmission in the telecommunications network. Increasing demand for greater telecom capacity and faster internet services has resulted in extensive use of optical fiber connectors in the telecom networks.
The global fiber optic connectors market has been bifurcated into five broad geographic regions: North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In terms of revenue, North America acquired the largest market share in 2014 and accounted for 38.2%. The market in this region is primarily driven by the penetration of high-density multi fiber connectors in the data centers. Asia Pacific held the second largest market globally and accounted for 30.6% in terms of value in 2014. The market in the region is primarily driven by advancements in cabling technology and the ongoing transition into high-speed fiber optic networks.
Some of the major players in the fiber optic connectors market are 3M (U.S.), Amphenol Corporation (U.S.), Alcatel-Lucent SA (France), Arris Group Inc.( U.S.), Hirose Electric Co. Ltd (Japan), TE Connectivity Ltd.(Switzerland), Furukawa Electric Co. Ltd (Japan), Hitachi Ltd. (Japan), ZTE Corporation (China), Corning Cable Systems LLC (U.S.), Sterlite Optical Technologies Limited (India), Avago Technologies (Singapore), Ratioplast Electronics (Germany), Sumitomo Electric Industries (Japan) and Diamond SA (Switzerland) among others.
The report provides a comprehensive analysis of the fiber optic connectors market along with the estimates, in terms of revenue (USD Billion) for the forecast period from 2015 to 2021. Furthermore, the fiber optic connectors market has been segmented on the basis of types and application. Cross sectional analysis of the global fiber optic connectors market into five major geographical segments have also been covered under the purview of this report.
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The market has been segmented as follows:
Fiber Optic Connectors Market, by Types
Fiber Optic Connectors Market, by Applications
Fiber Optic Connectors Market, by Geography: The market is broadly segmented on the basis of geography into:
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East and Africa (MEA)
Rest of MEA
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