Fiber Optic Connectors Market
Fiber Optic Connectors Market is expected to garner $4.9 billion by 2020, registering a CAGR of 9.9% during the forecast period 2015-2020.
Fiber optic connectors are used for mating fiber optic cables with minimal loss of light. They are used for mechanical coupling and the aligning of core fibers to allow efficient transfer of light while providing high reliability, high return loss and low insertion loss. Also, they are used for termination of cables and its structure consists of connector body, cable, ferrules, and a coupling device. Fiber optic connectors are deployed across numerous applications, some of which include data centers, telecommunication, inter/intra building applications, community antenna televisions, security systems and high-density interconnection amongst others. The rapidly escalating demand for a high bandwidth, among end users, largely drives the market. The increasing adoption of mobile devices such as smartphones and tablets, and the growing adoption of 4G LTE network platforms provide numerous opportunities for growth in the market. Cloud driven applications, audio and video services, online gaming, CATV require high-speed data services, boosting the growth of fiber optic connectors. High data security needs of defense and aerospace sector increases the adoption of fiber optic connectors.
Security systems, datacenter, and inter/intra building applications are most lucrative areas which would drive the market in coming years. Security systems would undergo a massive transformation with the use of fiber optic connectors. With the growing concerns associated with the security and safety of data in the defense and aerospace sector the demand for fiber optics connectors has increased as they provide better inherent security, huge bandwidth capabilities and interference immunity. Optical fiber connectors provide efficient transmission of data in harsh environments. Datacenter is another lucrative sector where fiber optic connectors are being used. Data center industry faces significant space, energy and cooling constraints which can be overcome by using fiber optic connectors. With the increased need to reduce costs, interference, noise and installation time, high quality connectors are being used by datacenters to ensure stability, reduce air gaps and reflections and reduce insertion loss. The demand for fiber optic networks has increased significantly in corporate centers, universities, hospitals, and government institutes due to the increasing need of high speed data, providing huge growth opportunities in the market.
The Global Fiber Optic Connectors market is analyzed and segmented based on types, applications and geography. The various types of fiber optic connectors available in the market include Lucent Connector, Multi-Fiber Termination Push On/Pull Off connector, Subscriber Connector, Straight Tip, Fiber Connector, Master Unit, Fiber Distributed Data Interface Connector, Sub Multi Assembly connector and others. Fiber Optic connectors are used across a wide range of applications, some of which include Datacenters, Telecommunications, High Density Interconnection, Inter/Intra Building, Security Systems and Community Antenna Television. The global fiber optic connectors market is analyzed across various geographies and segmented into North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East & Africa).
Telecommunication was the largest revenue generating segment type in 2013. The primary reason for its huge market share in the current scenario is the increasing demand for high-speed data services by consumers for telephone signals, television cable signals and internet communications. Community Antenna Television is a fast growing segment witnessing a during 2014-2020. North America was the largest revenue generating segment type in 2013. The primary reason for the high growth of fiber optic connectors market in North America is the high presence of data centers and other enterprises requiring high-speed data services for high performance. LAMEA is the fastest growing segment during 2014-2020.
Top factors impacting fiber optic connectors market
Increasing demand for high bandwidth
The increasing demand of high bandwidth from a variety of industries including Telecommunication, healthcare, automotive, and oil and gas impact the market positively. Growing demand of services including cloud applications, video and audio services and online gaming by residential users and enterprises supplements the growth of this market.
Greater safety concerns
With the growing need of security of data by defense and aerospace sector, the adoption of fiber optic connectors is increasing significantly. Sectors with high security concerns implement fiber optic connectors for higher security of data.
Fiber optic connectors are primarily used in the telecommunication industry. However, with advancements in technologies, fiber optic connectors are increasingly being implemented by other industries including healthcare, power, energy and utilities, railways, and oil and gas. The escalating implementation of fiber optic connectors in diverse applications has led to tremendous growth in the market and its impact will increase in the coming years.
Increased adoption of mobile devices
The increasing adoption of mobile devices by all sectors increases the demand for high-speed data services which results in the growth of fiber optic connectors. The increasing need of services including social media, video services, and online gaming increases the demand of fiber optic connectors.
- The study provides an in-depth analysis of the Global Fiber Optic Connectors Market with current and future trends to elucidate the imminent investment pockets in the market
- Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the market
- The report provides information regarding key drivers, restraints and opportunities with impact analysis
- Quantitative analysis of the current market and estimations through 2013-2020 are provided to showcase the financial appetency of the market
- Porter’s five forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
- This report highlights the competitive scenario and profiles the key market leaders
Fiber Optic Connectors Market Segment:
The market is segmented, based on type, application and geography:
- Lucent Connector (LC)
- Multi-Fiber Termination Push On/Pull Off (MTP)
- Subscriber Connector (SC)
- Straight Tip (ST)
- Fiber Connector (FC)
- Master Unit (MU)
- Fiber Distributed Data Interface (FDDI)
- Sub Multi Assembly (SMA)
- High Density Interconnection
- Inter/Intra Building
- Security Systems
- Community Antenna Television
- North America