Rising Penetration of High-density Multi-fiber Connectors Driving North American Market

 Fiber Optic Connectors Market

Fiber optic connectors (FOC) are used to mechanically connect two optical fibers, thereby permitting light to transmit from the core of one fiber to the other fiber in order to link the fiber optic connection equipment.

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The global fiber optic connectors market is exhibiting enormous growth on the account of rising demand for improved security, high bandwidth, and fast connectivity. In 2014, the market had reached a value of US$2.72 billion. Aided by large-scale production and technical development, the global fiber optic connectors market is projected to expand at a CAGR of 7.4% during the period of 2015-2021 and attain US$4.43 billion by the end of the term.Though the market is showing immense growth, but analysts expect that owing to the significant development of wireless networking systems, the fiber optic connectors market will face a tough challenge.

By type, the global fiber optic connectors market is divided into lucent connectors (LC), straight tips (ST), multiple-fiber push-on/pull-off (MPO/MTP), standard connectors (SC), and others such as ferrule connectors and mechanical transfer registered jack connectors. The global fiber optic connectors market was dominated by the LC segment in 2014 and it is expected to maintain its dominating position by 2021.

By application, the global fiber optic connectors market is divided into the telecom industry, lasers, DWDM systems, datacom, and others such as military, CATV, and the medical sector. In 2014, the telecom industry led the global fiber optic connectors market. With increasing popularity of fiber optic connectors as a medium of transmission for high volumes of data and long distance transmission, the global fiber optic connectors market is expected to develop rapidly during the forecast period.

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By geography, the global fiber optic connectors market is segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. In 2014, the global fiber optic connectors market was dominated by the North America sector, in terms of revenue. The North America market for fiber optic connectors accounted for 38.20% of the global market in 2014, driven by penetration of multi-fiber connectors having high density in certain data centers. In terms of value, the Asia Pacific market for fiber optic connectors stood at second position in 2014 with a 30.60% share. Advancements in cabling technology will drive the Asia Pacific market for fiber optics connectors during the forecast period.

The global fiber optic connectors market is spread across the world, with leading players steadily introducing innovations in their fiber optic connectors. Some of the leading players in the global fiber optic connectors market are Amphenol Corporation (U.S.), 3M (U.S.), Arris Group Inc. (U.S.), TE Connectivity Ltd. (Switzerland), Hitachi Ltd (Japan), Avago Technologies (Singapore), Diamond SA (Switzerland), Sumitomo Electric Industries (Japan), and Furukawa Electric Co. Ltd. (Japan).

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