August 24, 2016
The global fiber optic connector market 2016-2020 report released this week says growth of undersea fiber-optic connections and 25 billion connected devices will be key trends for market growth during the next five 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.
Complete report on fiber optic connector market spread across 56 pages, analyzing 15 major companies and providing 25 data exhibits is now available at http://www.reportsnreports.com/reports/657300-global-fiber-optic-connectors-market-2016-2020.html.
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 centres on a global level.
“The number is increasing globally due to technological advances,” they wrote. “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 centres 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.
According to the report, the following companies are the key players in the global fiber optic connector market: 3M, Alcatel-Lucent, Amphenol, 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.