The global fiber optic connector market is anticipated to reach a valuation of US$ 14,484.8 Mn by 2032, with sales growing at a robust CAGR of 10.7% from 2022 to 2032. Driven by the heightened application of FTTH as well as the rising usage of mobile devices, the fiber optic connector market will likely reach an estimated US$ 5,256.6 Mn in 2022.
Elevated video streaming and gaming activities demand higher bandwidth because the number of internet users has grown in the last two decades. Fiber optic connectors have become the preferred transmission routes due to advantageous properties like their ability to provide compact size, low back reflection, reliable network connections, high bandwidth size, longer reach, etc.
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Furthermore, the transformation of the fifth-generation fiber optics technology based on Dense Wave Division Multiplexing (DWDM) as a result of continuous technological progress could play a crucial role in influencing arising trends in the fiber optic connector market.
In addition, the declining prices of data plans and the increasing number of internet users have amplified data consumption all over the world. Consequently, the need for high bandwidth has also surged. Many private companies are launching new satellites and antennas to meet this soaring consumer demand, which, in turn, will positively influence the adoption rates of fiber optic connectors in the global market.
Again, a major portion of the telecom sector is gradually more inclined towards fiber optic connector technology due to its flexibility in infrastructure design options. B Also, by simplifying the fiber optic technology, passive optical LAN architectures are enhancing IT productivity will ultimately lead to better market prospects for fiber optic connectors during the forecast period.
“Development and adoption of 5G networks along with the expansion of the telecom sector will propel the global growth of the fiber optic connector market over the forecast period,” says an FMI analyst.
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Key Takeaways:
- Strict regulatory measures and associated high investment costs may hamper the market growth.
- North America is the largest market for fiber optic connectors with 35.7% of the revenue share.
- Europe’s fiber optic connectors market accounts for 22% of the revenue share.
- Germany dominates the fiber optic connectors market within Europe
Competitive Landscape
- Alcatel-Lucent S.A,
- 3M,
- ZTE Corporation,
- Broadcom Limited,
- Hitachi Ltd.,
- Corning Cable Systems LLC,
- Amphenol Corporation,
- TE Connectivity,
- Molex Incorporated,
- Extron Electronics,
- US CONEC Ltd.,
- Furukawa Electric Co. Ltd.,
- Hirose Electric Co. Ltd.,
- Senko Advanced Components,
Sumitomo Electric Industries Ltd., etc., among others, are some of the major players in the fiber optic connector market profiled in the full version of the report.
Leading market players are concentrating on developing affordable fiber optics cables to increase their consumer base. These businesses are keen on expanding their product portfolios, releasing new products, and employing mergers and acquisition tactics to strengthen their market position.
Key Segments Profiled in the Fiber Optic Connector Market Survey
By Type:
- Standard
- Lucent Fiber
- Straight Tip
- MPO/MPT
- MXC
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
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Table of Content
1. Executive Summary | Fiber Optic Connector Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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