Fiber optic connectors (FOC) are utilized to mechanically interface two optical strands, consequently allowing light to transmit from the center of one fiber to the next fiber so as to connection the fiber optic association gear.
The rapid growth of the internet and cloud computing has resulted in bandwidth requirements for data center network. This is in turn expected to increase the demand for optical interconnects in the next-generation data center networks. Furthermore, advancements in fiber optic technology have led to the growth in requirement for optical sensors and data links in several applications including defense and aerospace. By deploying the advanced technologies in this field, the manufacturers can utilize this opportunity to increase production in a cost-effective manner as well as satiate the growing demand for fiber optic components among consumers. However, phenomenal growth in the wireless networking system is hampering the advancement of fiber optics. Moreover, the high cost and low level of automation of fiber optic connectors might also restrict the growth of the global market.
The factors expected to propel the global fiber optic connectors market are:
> Technological Advancements
> Large-Scale Production of Optic Connectors
> Economic Growth in Emerging Markets
Fiber optic connectors market, by Types
In 2014, the LC segment dominated the global fiber optic connectors market and is predicted to maintain its dominance till 2021.
Fiber optic connectors market, by Applications:
> Telecom Industry
> DWDM systems
In 2014, the telecom industry led the global fiber optic connectors market owing to the increasing use of fiber optic connectors as a medium of transmission of high volumes of data.
The primary factor expected to drive the global fiber optic connectors market is the growing demand for higher bandwidth in the telecom industry. Leading players such as Amphenol Corporation (U.S.), Arris Group Inc. (U.S.), Hitachi Ltd (Japan), Diamond SA (Switzerland), Furukawa Electric Co. Ltd. (Japan), 3M (U.S.), TE Connectivity Ltd. (Switzerland), Avago Technologies (Singapore), and Sumitomo Electric Industries (Japan) are expected to contribute massively towards the growth of the global fiber optic connectors market in the years to come. Factors such as the increasing demand for optical interconnections in various data center networks and technical advancements in fiber optic components are predicted to create growth opportunities in the global fiber optic connectors market in the next few years.