By 2026, Fiber Optic Connectors Market Share Estimated to Cross USD 6,000.00 Million: Facts & Factors
[176+ Pages Report] According to the Facts and Factors Market Research, the global Fiber Optic Connectors market in 2019 was approximately USD 3,900.00Million. The market is expected to grow at a CAGR of around 8.0% and is anticipated to reach around USD 6,000.00 Million by 2026.
According to the Facts and Factors Market Research, the global Fiber Optic Connectors market in 2019 was approximately USD 3,900.00Million. The market is expected to grow at a CAGR of around 8.0% and is anticipated to reach around USD 6,000.00 Million by 2026.
Fiber optic cables are widely used in various industries. Internet, Surgery, Healthcare, Life science, Military, Automotive industry are the applications of the optical fiber. Fiber connectors are widely used to connect these cables. A fiber optic connector allows faster connection and disconnection than joining. Fiber optic connectors are male connectors or plugs with an expanded ferrule that grips the fibers and bring into line fibers for coupling.
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Top Market Players
ACON
3M
Amphenol Corporation
Arris Group Inc.
AT&T
Broadcom Limited
Corning Cable Systems LLC
An increase in consumer electronics is anticipated to propel the market for future growth. Also, growth in consumer electronics is generating demand for faster network solutions. These faster networks can be achieved by using optical fiber connections. Growth in the Converged Cable Access Platform (CCAP) is also boosting the market to a higher extent. The demand for connectors would get increase due to this platform. The growing Smartphone market would require good network coverage at a good speed. This would get accomplished by the use of an optical fiber network. Increasing demand for fiber optic cables for various applications such as in Datacenters for applications such as video, cloud computing, virtualization, and applications such as inter-building, telecommunication, community antenna television, and security systems are driving the fiber optic connector market globally. Advancements fiber optic technology is the key factor in the increasing importance of fiber optic connectors through the multiple end-use industries, such as automotive, IT & telecom, and consumer electronics. All these factors are likely to propel the fiber optic connector market growth in the near future. The high cost of the fiber optic connectors may hamper the market’s growth. Research and development, innovations activities in the technology of the fiber optic connectors and increased government investment in industries are anticipated to open new avenues for the fiber optic connectors market in the near future.
On the basis of product, the worldwide fiber optic connectors market is bifurcated as LC [Lucent Connectors], SC [Standard Connectors], MXC Connector, MTP/MPO [Multiple-Fiber Push-On/Pull-Off], ST [Straight Tip], FC[Ferrule-Connector], and Others [E2000 Connector [LSH-Laser Shock Hardening]. Among which LC [Lucent Connectors] segment was accounted for the major revenue share in the global fiber optic connectors market in 2019. In 2019, the LC [Lucent Connectors] segment was accounted for more than 30% of the global fiber optic connectors industries.
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On the basis of cable, the worldwide fiber optic connectors market is segmented as Duplex, Simplex, and Multi-Fiber. Among which Simplex segment was accounted for the major revenue share around 60% in the global fiber optic connectors market in 2019.
On the basis of application, the global fiber optic connectors market is categorized into DWDM systems, datacom, inter/intra building, high-density interconnection, community antenna television, security systems, and others. Among the aforementioned segment, the datacom segment was accounted for more than 25.0% revenue share in 2019.
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On the basis of the end-user, the global fiber optic connectors market is categorized into automotive, IT and Telecom, manufacturing, BFSI, healthcare, government, aerospace and defense, and others. Among the aforementioned segment, the IT and Telecom segment was accounted for more than 30.0% revenue share in 2019.
On the basis of region the fiber optic connectors market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the North American region dominates the fiber optic connectors market among all the regions followed by Europe in terms of value.
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This report segments the global fiber optic connectors market as follows:
Global Fiber Optic Connectors Market: Product Segment Analysis
SC (Standard Connectors)
LC (Lucent Connectors)
FC(Ferrule Connector)
ST (Straight Tip)
MTP/MPO (Multiple-Fiber Push-On/Pull-Off)
MXC Connector
Others (E2000 Connector [Laser Shock Hardening (LSH)])
Global Fiber Optic Connectors Market: Cable Segment Analysis
Simplex
Duplex
Multi-Fiber
Global Fiber Optic Connectors Market: Application Segment Analysis
Datacom
DWDM Systems
High-Density Interconnection
Inter/Intra Building
Security Systems
Community Antenna Television
Others
Global Fiber Optic Connectors Market: End-User Segment Analysis
IT and Telecom
Automotive
BFSI
Manufacturing
Government
Healthcare
Aerospace and Defence
Others
Key Recommendations from Analysts
The growing popularity of fiber optic connectors from end-use industries such as automotive, IT & telecom, and consumer electronics, etc. in the various countries across the globe is increasing the demand for the fiber optic connectors segment. There is a huge demand for fiber optic connectors in developing regions such as the Asia Pacific, which is driving the IT and Telecom and the automotive industry in the regions.
North America region is anticipated to a larger share of the fiber optic connectors market in the upcoming years.
China’s fiber optic connectors market is anticipated to rise at the highest rate between 2020 and 2026.
Growing at a CAGR around 9.0%, China fiber optic connectors and mining market provides numerous opportunities for all of the involved stakeholders across the entire value chain
Our analysts have identified “LC (Lucent Connectors)”, “Simplex”, “Datacom” and “IT and Telecom” categories as the leading investment pockets for China fiber optic connectors and mining market in terms of product, cable, application, and end-user segmentations respectively
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Source: By 2026, Fiber Optic Connectors Market Share Estimated to Cross USD 6,000.00 Million: Facts & Factors
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