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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.
The rapid growth of the internet
and cloud computing has resulted in bandwidth requirements for data
center network. This is in turn expected to increase the demand for
optical interconnects in the next-generation data center networks.
Furthermore, advancements in fiber optic technology have led to the
growth in requirement for optical sensors and data links in several
applications including defense and aerospace. By deploying the
advanced technologies in this field, the manufacturers can utilize
this opportunity to increase production in a cost-effective manner as
well as satiate the growing demand for fiber optic components among
consumers. However, phenomenal growth in the wireless networking
system is hampering the advancement of fiber optics. Moreover, the
high cost and low level of automation of fiber optic connectors might
also restrict the growth of the global market.
The factors expected to propel the global fiber optic connectors
market are:
> Technological Advancements
> Large-Scale Production of
Optic Connectors
> Economic Growth in Emerging
Markets
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Fiber optic connectors market, by Types
> LC
> SC
> ST
> MPO/MTP
In 2014, the LC segment dominated
the global fiber optic connectors market and is predicted to maintain
its dominance till 2021.
Fiber optic connectors market, by Applications:
> Telecom Industry
> Datacom
> DWDM systems
> Lasers
In 2014, the telecom industry led
the global fiber optic connectors market owing to the increasing use
of fiber optic connectors as a medium of transmission of high volumes
of data.
The primary factor expected to
drive the global fiber optic connectors market is the growing demand
for higher bandwidth in the telecom industry. Leading players such as
Amphenol Corporation (U.S.), Arris Group Inc. (U.S.), Hitachi Ltd
(Japan), Diamond SA (Switzerland), Furukawa Electric Co. Ltd.
(Japan), 3M (U.S.), TE Connectivity Ltd. (Switzerland), Avago
Technologies (Singapore), and Sumitomo Electric Industries (Japan)
are expected to contribute massively towards the growth of the global
fiber optic connectors market in the years to come. Factors such as
the increasing demand for optical interconnections in various data
center networks and technical advancements in fiber optic components
are predicted to create growth opportunities in the global fiber
optic connectors market in the next few years.
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