Fiber Optic Connectors Market to Gain Promising Growth Opportunities with Expansion of Telecommunication Sector, States TMR Study
The global fiber optic connectors market is estimated to gain the value of US$ 5.7 Bn by 2025, Rise in demand for high bandwidth in the telecommunication industry is propelling the fiber optic connectors market
ALBANY, N.Y., April 29, 2022 (GLOBE NEWSWIRE) -- The global fiber optic connectors market is estimated to register growth at a CAGR of 7.52% during the forecast period 2020 to 2025, according to a report by Transparency Market Research (TMR).
With rise in adoption of work-from-home culture by many organizations around the world, the demand for home broadband connections is increasing. This trend is anticipated to continue during the forecast period. Hence, the need for FTTH broadband deployment is estimated to increase in the years ahead, notes a TMR study on the global fiber optic connectors market.
Players operating in the global fiber optic connectors market are focusing on the development of compliance test boards and following industry standards in order to sustain in the high level of competition in the market. Moreover, several companies are increasing concentration of resolving different issues pertaining to thermal management and inadequate port density linked to co-packaged optics. Such efforts are estimated to drive growth opportunities in the global fiber optic connectors market in the years ahead. Moreover, several companies are focusing on new product launches. Hence, they are seen increasing investments in R&D projects.
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Fiber Optic Connectors Market: Key Findings
High bandwidth is considered a key element in varied applications, including online gaming, files downloading, and video calling, notes a TMR study on the global fiber optic connectors market. Rise in demand for telecommunication services around the world is fueling the expansion of the telecommunications industry, which, in turn, is resulting in increase in the demand for high bandwidth globally. Moreover, surge in the penetration of the Internet around the world is fueling the demand for high bandwidth. These factors are leading to revenue-generation opportunities in the global fiber optic connectors market.
Many companies operating in the fiber optic connectors market are boosting their production capacities in small profile and passive optical connectors. These efforts are helping them in addressing the issues of channel count and port density limitations. Moreover, manufacturers operating in the fiber optic connectors market are developing flexible infrastructure design options together with connectors that can assist in facilitating cost-effective and right-size network capacities and density.
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Fiber Optic Connectors Market: Growth Boosters
Rapid expansion of the telecommunication industry globally is driving sales in the fiber optic connectors market
Rise in penetration of Internet and increase in the number of data centers around the world are expected to propel the global market for fiber optic connectors
Fiber Optic Connectors Market: Regional Analysis
The North America fiber optic connectors market is projected to gain lucrative opportunities during the forecast period due to factors such as technological advancements, existence of many key players, and expansion of the telecommunication & data center applications in the region
The fiber optic connectors market in Asia Pacific is expected to register growth at a CAGR of 7.83% during the forecast period, due to the presence of numerous fiber optic connector manufacturers in the region
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Fiber Optic Connectors Market: Key Players
Some of the key players profiled in the report are:
Broadcom, Corning Cable Systems LLC
Amphenol Corporation
Furukawa Electric Co. Ltd.
Diamond SA
Hirose Electric Co., Ltd.
Hitachi Ltd.
Radiall
Molex LLC
Sumitomo Electric Industries, Ltd.
Senko Advanced Components
US Conec Ltd.
TE Connectivity
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Fiber Optic Connectors Market Segmentation
Type
LC (Lucent Connectors)
SC (Standard Connectors)
CS Connectors
SN Connectors
MPO/MTP (Multiple-fiber Push-on/Pull-off) Connectors
ST (Straight Tip) Connectors
MXC Connectors
Others
Application
Telecom Industry
Data Centers
DWDM Systems
Lasers
Others
Region
North America
South America
Europe
Asia Pacific
Middle East & Africa
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