Global Fiber Optic Connectors Market to Reach $4.9 Billion by 2020

PORTLAND, OR — The global fiber optic connectors market is expected to reach $4.9 billion by 2020, registering a CAGR of 9.9 percent between 2015 and 2020, according to a new report by Allied Market Research titled, "World Fiber Optic Connectors - Market Opportunities and Forecasts, 2014 — 2020."

The rising demand for high-bandwidth services is the primary driver of the fiber optic connectors market. Factors such as increasing cloud applications, audio and video services, TV-on-Demand and online gaming will further stimulate the growth of this market. The North American region is expected to register a CAGR of 9.1 percent during the forecast period due to the high adoption of fiber optic connectors in data centers, enterprises and security sectors.

Fiber Optic Connectors Enhance Network Structure
Enterprises are rapidly adopting fiber optic connectors as they enhance their network structure and increase the efficiency of their operations. Fiber optic connectors offer greater bandwidth, enhanced reliability and agility, plus improved security. The increasing adoption of smartphones and other devices has resulted in a huge demand for high-speed data services, a key factor that accelerates the growth of the fiber optic connector market. The FTTx applications that support improved high bandwidth services also support the growth of fiber optic connectors market. Key players in the market are increasingly developing high quality, affordable, compact and energy efficient connectors to support growing consumer demand.

While fiber optic connectors are primarily used in the telecommunication sector, they are increasingly used in other high bandwidth services and applications such as high-density networks, inter/intra building, security systems and community antenna television. The telecommunication application of fiber optic connectors is forecast to grow at a CAGR of 8.3 percent between 2015 and 2020.

Fiber Optic Connectors in the Security Sector
Fiber optic connectors are increasingly being used in the security sector. The rising need of data security in the defense and aerospace sector has boosted the growth of this market as has the huge demand in the security sector for inherent security, huge bandwidth capabilities and protection against interference. The application of fiber optic connectors in security systems is expected to register a CAGR of 12.4 percent between 2015 and 2020, providing potential growth opportunities for players in this market.

Lucent fiber optic connectors are deployed in high-density connections, local area networks, telecommunication networks, community antenna television (CATV), data processing networks, FTTH and FTTP distribution. Lucent fiber optic connectors held the largest percentage share in the global fiber optic connectors market in 2014. Subscriber connectors are forecast to grow at a CAGR of 11.3 percent between 2015 and 2020. In the coming years, Lucent connectors, subscriber connectors, and multi-fiber termination push on/pull off (MTP) connectors would further increase the market penetration owing to their wide application areas.

On the downside, market growth may be limited by the high initial investment associated with adopting fiber optic connectors. In addition, the fiber optic connectors market faces a threat from emerging wireless broadband technologies.

Public Fiber Investments Drive Market
Numerous governments across the globe are investing in the replacement of coaxial cables with fiber optic cables across all public communication networks. Several governments have launched initiatives to improve network infrastructure in their countries, thereby increasing the connectivity within the region and enhancing business opportunities. North America is the highest revenue-generating region in the global market and will continue to lead the market over the forecast period.

Key findings of the study:

  • The global fiber optic connectors market is forecast to grow at a high rate owing to high bandwidth requirements of customers and increased adoption of mobile devices

  • The telecommunication application of fiber optic connectors accounts for a major share in the global fiber optic connectors market

  • The segment of subscriber connectors would register the fastest CAGR of 11.3 percent during 2015-2020


https://www.alliedmarketresearch.com
https://www.alliedmarketresearch.com/fiber-optic-connectors-market

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