Fiber Optic Connectors Market worth a staggering $8299.3 million | Amphenol Corporation, Broadcom Limited, Corning Cable Systems, Delphi Automotive PLC, Diamond, Extron Electronics, Furukawa Electric, Hirose Electric, Hitachi Ltd., Molex, Optical Cable Corporation
Global Fiber Optic Connectors Market is accounted for $ 3393.1 million in 2017 and expected to grow at a CAGR of 10.4% to reach $8299.3 million by 2026.
Some of the key factors like vast applications, the requirement for higher bandwidth, increase in the purchase of mobile devices and greater safety concerns drive the market growth and also have ample opportunities like governments’ role by investments, diverse applications, and emerging economies. Preferring wireless broadband technologies over traditional wired technologies and the requirement of higher investments are the restraining market growth. Demand for undersea fiber-optic networks, growth of the internet and cloud computing are the trends observed by the market.
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By Application, Security Systems will revolutionize with the use of fiber optic connectors as there is an increase in concern for the safety and security of data across various streams. Fiber optics provide Strong signals and no air gaps resulting in data protection stability. Fire sensors, flood detectors, home automation, and monitoring through mobile devices are the trending feature of the security systems.
By product, Lucent Fiber Optic Connectors are the standard zirconia ceramic Ferrule measuring 1.25mm O.D. and provides optimum insertion and returns loss and are widely used in telecommunications. It has compatibility with Gigabit Ethernet, multimedia, industrial and military applications and basically preferred for single mode.
North America is the fastest-growing market for fiber optic connectors during the forecast period, because of the rise in multi-fiber connectors in data centers. In North America, the U.S. is set to maintain the domain share in the fiber optic connectors market.
Some of the key players in the Global Fiber Optic Connectors Market are 3M, Alcatel-Lucent, Amphenol Corporation, Broadcom Limited, Corning Cable Systems, Delphi Automotive PLC, Diamond, Extron Electronics, Furukawa Electric, Hirose Electric, Hitachi Ltd., Molex, Optical Cable Corporation, Ratioplast-OptoElectronics, Shenzhen DYS Fiber Optic Technology, Sterlite Optical Technologies and Sumitomo Electric Industries.
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