Press release
Fiber Optic Connectors Market - Growth of Data Centers in APAC Driving Demand for Optic Connectors
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 public telecommunications network, outside plant applications, and in wiring installations at customer premises.
An increase in the demand for high bandwidth in telecommunication networks is primarily driving the global market. Telecom vendors have gradually ventured into optical networking, which is inherently capable of carrying a higher bandwidth capacity than the existing infrastructure. Moreover, the application of fiber optic connectors in the medical, aerospace, and military sectors is set to bolster the global fiber optic connectors market. Governments of several developing countries, such as China, India, and Brazil, 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.
The global fiber optic connectors market was valued at US$2.9 bn in 2015 and is estimated to expand at a CAGR of 7.7% to reach US$5.6 bn by 2024
.
Get More Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2222
Soaring Application of Fiber Optic Connectors in Telecom Sector
The global fiber optic connectors market, by type, is segmented into lucent connector (LC), standard connector (SC), multiple-fiber push-on/pull-off (MPO/MTP), straight tip (ST), MXC, and others. In terms of revenue, lucent connectors were the leading contributors to the global market in 2015, followed by standard connectors. The market for LC is expected to show substantial growth during the forecast period. However, the telecommunication industry is steadily switching to a new type of fiber optic connector – MXC connectors – owing to their higher count of multi fiber position options, compact size, lower cost, less weight, stronger resistance to debris sensitivity, no need for fiber polishing, and higher performance capacity. Thus, MXC connectors are expected to record significant growth through 2024.
On the basis of applications, the global fiber optic connectors market is categorized into telecom, datacom, dense wavelength division multiplexing (DWDM) systems, lasers, and others such as military, medicine, and cable TV. The telecom industry held the dominant share in 2015 owing to the importance of fiber optic connectors as the preferred medium for the transmission of data in telecommunications networks. The increasing demand for greater telecom capacity and faster internet services has resulted in the extensive use of optical fiber connectors in telecom networks.
Growth of Data Centers in APAC Driving Demand for Fiber Optic Connectors
North America is projected to be the leading regional market for fiber optic connectors during the forecast period, primarily owing to the rapid penetration of multi fiber connectors in data centers. Applications such as cloud computing, video, virtualization, switching/routing, and convergence are driving the need for bandwidth expansion in data centers and 4G/LTE networks. In North America, the U.S. is set to represent the domain share in the fiber optic connectors market. Hardened fiber optic connectors (HFOCs) are passive telecommunication components that are used widely in the U.S. to withstand climatic conditions such as snow, high winds, ice storms, and sleet.
Asia Pacific held a prominent share in the global fiber optic connectors market in 2015 and is anticipated to expand significantly from 2016 to 2024. Developing countries such as China and India have witnessed tremendous economic growth in the recent years, driven by rapid development in sectors such as telecommunication and IT, among others. This, in turn, fuels the growth of data centers in the region, thereby resulting in the increased demand for fiber optic connectors.
3M, Alcatel-Lucent SA, Amphenol Corporation, Arris Group Inc., Hirose Electric Co. Ltd., TE Connectivity Ltd., Furukawa Electric Co. Ltd., Hitachi Ltd., ZTE Corporation, Corning Cable Systems LLC, Sterlite Optical Technologies Limited, Broadcom Limited, Ratioplast Electronics, Diamond SA, and Sumitomo Electric Industries are some of the leading player in the global fiber optic connectors market.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fiber Optic Connectors Market - Growth of Data Centers in APAC Driving Demand for Optic Connectors here
News-ID: 402687 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Fiber
Fiber Laser Market Forecast to 2028 COVID-19 Impact and Global Analysis By Type …
The fiber laser market was valued at US$ 2286.16 million in 2021 and is projected to reach US$ 4,765.43 million by 2028; it is expected to grow at a CAGR of 11.1% from 2021 to 2028.
Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for fiber lasers. Most automotive manufacturers are rapidly turning to fiber lasers to resolve their manufacturing…
Pea Fiber Market Inclinations Exhibit Growing Demand during the Period until 202 …
The new report on the pea fiber market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. This highly favorable growth of the pea protein creates a highly conducive environment for the associated pea fiber market, which is expected to exhibit a promising CAGR of ~8% during the forecast period (2019-2029. The business intelligence…
Optical Fiber and Optical Fiber Cables Market
Optical Fibers and Optical Fiber Cables Market describes its growth, size, share, Forecast and trends to 2025
Optical Fibers and Optical Fiber Cables Market Production and Demand Analysis 2019 to 2025
Optical Fibers and Optical Fiber Cables Market 2019 Manufacturing Analysis and Development Forecast to 2025
Optical Fibers and Optical Fiber Cables Market 2019: Recent Study Including Growth Factors, Regional Drivers, Forecast 2025
Optical Fibers and Optical Fiber Cables Market Insights 2019, Global and…
Aramid Fiber Market (Para-Aramid Fiber, Meta-Aramid Fiber) by Type, Application …
The aramid fiber market (http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html) is projected to grow from USD 3.28 billion in 2018 to USD 5.78 billion by 2024, at a CAGR of 9.9%. The increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market in the automotive industry. In addition, the demand for lightweight and flexible materials for body armor, firefighting equipment, bulletproof vests, helmets, and…
Fiber Laser Market 2025 - Global Analysis and Forecasts by Type (Infrared Fiber …
The "Global Fiber Laser Market Analysis to 2025" is a specialized and in-depth study of the fiber laser industry with a focus on the global market trend. The report aims to provide an overview of global fiber laser market with detailed market segmentation by type, application and geography. The global fiber laser market is expected to witness high growth during the forecast period. The report provides key statistics on the…
Concrete Fiber Market Growth Study by Type [Synthetic Concrete Fiber, Steel Conc …
Fiber reinforced concrete involves the use of fibrous material to increase the structural integrity of concrete. Fibers are typically used in concrete to control cracking and faults that occur due to the shrinkage of plastic and evaporation of water during hardening stage of concrete. Concrete fibers are majorly used in different end-user industries such as residential, commercial, industrial, building, and construction. Moreover, fibers add tensile strength and toughness in concrete…
