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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Fire Adapters Market
Request Now !A fiber adapter is a hardware component used in fiber channel technology, which is primarily used in storage area networks in commercial data centers. A fiber channel adapter connects a server to a storage area network (SAN) by using the peripheral component interconnect slots on the server (SAN). A fiber channel adapter can have one, two, or four ports, depending on whether features such as redundancy or faster connection necessitate more ports. Fiber channel adapters are widely used in a variety of applications, most notably in the information technology industry. Furthermore, due to faster data transmission capability of these mediums, fiber channel adapters meet the needs of enterprises in adopting cloud-based applications.
The global Fire Adapters market is segmented on the basis of Material Type, Type, Application, and Region. Based on Material Type, the market is divided into Plastic Fiber Optic Adapter and Metal Fiber Optic Adapter. In terms of Application, the market is categorized into Test Equipment, CATV Networks, Data Communications Networks, FTTH Networks, Local Area Networks (LAN), and Telecommunication Networks. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global Fire Adapters industry include Amphenol, Tripp-Lite, TE Connectivity, Leviton, L-com, Molex, Cliff Electronics, Hubbell Wiring Devices, Fiber Cable Solution Technology Co., Ltd (FCST), ADCfiber Communications, LongXing Telecom. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global Fire Adapters market.
Market scope and structure analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value ($) |
Segments Covered | Material Type, Type, Application, and Region |
Companies Covered | Amphenol, Tripp-Lite, TE Connectivity, Leviton, L-com, Molex, Cliff Electronics, Hubbell Wiring Devices, Fiber Cable Solution Technology Co., Ltd (FCST), ADCfiber Communications, LongXing Telecom |
COVID-19 impact analysis
The COVID-19 pandemic has a negative impact on the fiber adapter market, with manufacturing activities being temporarily halted across major manufacturing hubs, resulting in a significant production slowdown. People are becoming significantly more isolated as a result of increased restrictions on public meetings and travel. Due to supply chain delays, stock market instability, halting of airlines, business dealings in the fiber adapter industry are also feeling the effects of the COVID-19 pandemic. It has directly impacted production and demand of fiber adapter causing supply chain and market disruption. As airports are shut down due to lockdown restrictions, the use of fiber adapter is halted, negatively impacting the fiber adapter market share.
Top impacting factors
The increasing adoption of virtualized computing environments in enterprises and the increasing adoption of data centers are major factors driving the growth of the fiber adapter market size . Attributed to the increasing adoption of Plastic Optical Fiber (POF) across these application segments, the military & aerospace and railway application segments are poised to experience significant growth rates. The military employs optical connector technology in a wide range of ground, sea, air, and space solicitations, including avionics testing equipment modules and ground support systems in fighter planes. The medical and railway application segments are expected to grow rapidly, owing to their increasing use in dynamic healthcare treatment, lighting applications, railway line inspection, and load calculation applications. The technology has spawned a slew of new applications in the medical industry, primarily for light conduction and illumination, flexible bundling, and laser delivery systems. Furthermore, factors such as increased adoption of big-data analytics and storage area networking (SAN) are driving the growth of the fiber channel adapter market. Enterprises' limited IT spending to reduce costs and increase ROI is limiting the growth of the fiber channel adapter market and is a restraining factor for the fiber adapter market growth.
Market trends
Surge in usage in telecommunication sector
Fabricators are mass-produced fiber optic connectors for long-distance cabling. They are made of the purest quartz available. During the forecast period, the global fiber adapter market opportunity is expected to grow significantly. The high demand for sensing applications and communication for a variety of purposes creates dynamic opportunities for industry growth. The market is witnessing significant mergers and acquisitions, which are being undertaken by benefactors of telecommunication and network service providers in their efforts to achieve enhanced service portfolios by gaining access to numerous patents in the client application domain. The growing demand in the IT sector for power-efficient, cost-effective, and high-level network infrastructure integration is expected to fuel market demand in the coming years. The increasing penetration of telecommunication infrastructure in developing economies such China and India is due to the region's significant technological growth. The majority of telecommunication application revenue is generated by data transmission and communication services. Furthermore, the growing popularity of cloud-based applications, audio-video services, and Video-on-Demand (VoD) services is expected to drive the demand for new installations.
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Questions answered in fire adapters market research report
Key Market Segments
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