PUNE, India -- The global fiber optic connector market 2016-2020 report says growth of undersea fiber-optic connections and 25 billion connected devices will be key trends for market growth during the next 5 years. Due to increasing offshore petroleum exploration and production, the industry is looking at new ways to enhance operating efficiencies and improve recovery of petroleum reservoirs. It is considering optical fiber as a good option as it can carry higher data rates over longer distances than copper cables. By 2020, an increase in subsea processing will generate more data, which will make the high bandwidth and longer transmission distances of optical fibers more attractive. More information gathered throughout the system makes for a more meaningful analysis.
The analysts forecast global fiber optic connector market to grow at a CAGR of 9.65% during the period 2016-2020. According to the 2016 fiber optic connector market report, one of the key drivers for market growth will be increase in number of data centers on a global level. The number of data centers is increasing globally due to technological advances. Cloud computing has become an effective way to access data worldwide. Further, the use of compact devices such as smartphones, tablets, and smart wearable devices is flourishing rapidly. Data centers provide high-performance computing across multiple industry verticals and, therefore, help foster more technological innovations.
The growing demand for these cables ultimately boosts the demand for fiber-optic connectors. During 2015, the global fiber optic connector market was dominated by APAC with a market share of almost 56%. An increase in internet penetration in emerging APAC countries such as China and Japan, along with the need for high-speed internet connections will propel the demand for fiber optic connectors in the region during the forecast period.
LC fiber connector segment accounted for more than 44% of the total share of the fiber optic connector market and dominated the industry. Benefits such as better insertion and return loss characteristics, easy to clean, flexibility and polarity reversal, and on-field installations are major reasons for the rise in demand for LCs over other connectors. When compared to SCs, the LCs has much lesser footprint, which makes them popular among the datacom or telecom segment. Moreover, their high-density patch applications and the combination of small size and latch feature makes them ideal for densely populated racks or panels.
The following companies are the key players in the global fiber optic connector market: 3M, Alcatel-Lucent, Amphenol Corporation, Corning Cable Systems, Diamond, Furukawa Electric, Molex, ADTEK, Hirose Electric, Ratioplast-OptoElectronics, Optical Cable, Sterlite Optical Technologies, Sumitomo Electric Industries, TE Connectivity, and Shenzhen DYS Fiber Optic Technology.
Global Fiber Optic Connector Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the sale of different types of fiber-optic connectors to the telecom (datacom) and computer and peripherals industries and the military segment.
Another related report is Global Fiber Optics Market 2016-2020, growing demand for increased network bandwidth is the primary growth driver for this market. With the proliferation of mobile computing devices, such as smartphones, tablets, and wearables with new capabilities, and the emergence of disruptive technologies that shift the bandwidth usage, the need for fiber optics is envisioned to increase rapidly during the forecast period.
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