The global 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. Based on the region the global market is further segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Major countries contributing the market growth from the North American region include Canada, the U.S., and Mexico. Major contribution countries from Europe include Italy, Germany, United Kingdom, and France, CIS, Scandinavia, Spain and rest of Europe. Major countries to boost the market growth from Asia-Pacific include Japan, India, Oceania, China and rest of Asia-Pacific. Argentina and Brazil from Central and South American countries have also witnessed significant growth in fiber optic connectors market. South Africa, Saudi Arabia, UAE and rest of MEA countries have contributed to the overall FOC market growth.
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.
Fiber Optic Connector Product Outlook (Revenue, USD Million; 2014 - 2025)
• SC Connector
• LC Connector
• FC Connector
• ST Connector
• MTP/MPO connector
Fiber Optic Connector Application Outlook (Revenue, USD Million; 2014 - 2025)
• Oil & Gas
• Military & Aerospace
Fiber Optic Connector Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• Asia Pacific
• South America
• Middle East & Africa (MEA)
Research Support Specialist, USA