Fiber Optic Connector Market is expected to reach USD 5.9 billion by 2025. FOC or Fiber optic connectors are majorly used for connecting two optical fibers in a mechanical way owing to transmission of light from one core of a fiber to the core of other fiber owing to equipment linkage of fiber optic connection.
The global fiber optic connectors
market is divided on the basis of types, applications, and region. On the basis
of the type the market is classified into SC, LC, MTP/MPO, ST and others. By
applications, the fiber optic connectors market is classified into lasers,
telecom industries, DWDM systems, Datacom, and others.
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The key driving factors responsible for the growth of Fiber Optic
Connector market :
Major factors identified to drive
the future market growth of the global fiber optic connectors market include
rising demand for increasing bandwidth, rising demand for data volume and
transmission speed in data centers within the telecommunication industry. Key
attributes of fiber optical connectors include cost effectiveness, low power
consumption, and high data throughput. These attributes are anticipated to
propel the market growth of FOC in upcoming years owing to increasing networks
of warehouse and scale data centers. Additionally, rising application of fiber
optic connectors in a gamut of application areas within the medical and
pharmaceutical sector is expected to play a significant role in the future
market growth of global FOC. Breakthrough advancements in technology and
enhanced production of fiber optics is expected to drive the global market
growth. Together all these drivers and trends are expected to bolster the
future global fiber optical connectors.
A humongous growth of cloud
computing and internet of things (IoT) have higher demands of bandwidth within
the data center network industry owing to positive impact for rising demand of
optical interconnects in the next-generation technology. Additionally, several
other advancements in this industry have led increasing demand for optical
sensors and data links requirement different applications such as aerospace and
defense. Other technological factors included to drive the future market growth
are multi-directional information flow, diad, triad and multi-channel linkages
and others.
Deployments of next generation
technologies in fiber optical connectors, manufacturers can have many avenues
open to them for several opportunities to ramp up their production processes in
a cost-effective way as well as meet growing demand among consumers for fiber
optic connector components.
Rapid growth in the wireless
networking system is expected to pose a restraint in the global fiber optics
market advancement. Additionally, low level of automation and higher implementation
cost of fiber optic connectors are also anticipated to restrict the future
market of global fiber optical connectors.
Some of the key players in the
fiber optic connectors market are, 3M, Amphenol Corporation , Alcatel-Lucent
SA, Hirose Electric Co. Ltd, Sumitomo Electric Industries, Arris Group Inc., TE
Connectivity Ltd.(Switzerland), Hitachi Ltd., Furukawa Electric Co. Ltd., ZTE
Corporation, Sterlite Optical Technologies Limited., Ratio last Electronics
,Corning Cable Systems LLC, Diamond SA, and Avago Technologies among others.
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