Global Fiber Optic Connector Market size would be driven by increasing data connectivity in developing nations. Developing as well as emerging economies have been exhibiting high penetration in mobile and internet segments. These connectors are used for mating optical fiber cables and reducing data loss and increasing return loss, thus significantly improving reliability of transmission.
Standardization of connector types, technological advancements in optical fiber networking, mass-scale production of these cables and growing number of warehouse scale datacenters are expected to collectively aid in industry growth over the forecast period. With optical fiber penetrating defense and aerospace industries as requirements for optical sensors and data links are ever increasing, connectors are expected to find greater application scope in near future.
On-demand television, switch from cable to satellite networks, and emergence of mobile phones as a standard platform instead of landline phones are major factors attributable for increasing usage of fiber optics in the country. Similar trends have been evident across other Asian countries.
The industry in these regions is characterized by market maturity and advanced technologies. With companies in North America and Europe finding headways in Asia and South America, transfer of technology to the latter regions is a crucial determinant for growth.
Lucent connectors, identical to audio-video plugs, are the most commonly used types. Commercially they are available in snap coupling with ferrule diameter of 1.25mm. They are majorly used in high-density connections, SFP and XFP transceivers.
Application segments catered by fiber optic connectors include telecommunications, data centers, high density interconnections, inter & intra building, security systems and television broadcasting. Telecommunications, high density connections and data centers are expected to register above average growth due to their high industrial growth respectively.
As stated earlier, high internet penetration and rapid adoption of smartphone platform in India and Southeast Asian was nations due to increasing consumer spending, increasing standards of living and leapfrog measures by governments to improve rural connectivity. Overseas companies through public private partnerships are also investing in improving optical fiber connectivity in the region. All the aforementioned factors favor industry growth in terms of utilization, technology transfer and domestic connectors’ production.
The global Fiber Optic Connector Market share is dominated by Molex Inc., Deplhi, AFL Telecommunications, Alcatel-Lucent S.A., ZTE Communications and Amphenol Corp. among others who have operational bases established in multiple regions. Other key industry participants include Hitachi Ltd., Corning Cable Systems LLC, Sterlite Optical Technologies Ltd., Avago Technologies, Ratioplast Electronics, Diamond S.A., TE Connectivity Ltd., Sumitomo Electric Industries, 3M, and Hirose Electric Co. Ltd.
Request TOC of “Fiber Optic Connector Market Analysis"
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
No comments:
Post a Comment