Overview and Scope
Fiber optic connectors refer to high-speed connectors that are used for public telecommunication networks and wiring installations. A fiber optic connector is a flexible device that can connect and disconnect fiber optic cables quickly. Optical fibers combine two fiber connections without splicing or terminate fiber-optic connections to fiber equipment.
Sizing and Forecast
The fiber optic connectors market size has grown strongly in recent years. It will grow from $5.19 billion in 2023 to $5.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to telecommunication infrastructure expansion, increasing fiber-to-the-home deployments, demand for high-speed internet in enterprise networks, globalization and increased data traffic, expansion of smart cities..
The fiber optic connectors market size is expected to see strong growth in the next few years. It will grow to $7.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rapid growth of e-commerce, global submarine cable systems, adoption of silicon photonics, sustainable and environmentally friendly solutions, focus on reliability and durability, . Major trends in the forecast period include increased demand for high-speed connectivity, rising data center deployments, miniaturization and high-density solutions, increasing adoption of fiber to the home, focus on reliability and durability, advancements in connector technology..
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Segmentation & Regional Insights
1) By Product: SC (Standard Connectors), LC (Lucent Connectors), FC(Ferrule Connector), ST (Straight Tip), MTP/MPO (Multiple-Fiber Push-On/Pull-Off), MXC Connector, Other Products
2) By Cable: Simplex, Duplex, Multi-Fiber
3) By Application: Telecommunication, Inter/Intra Building, Community Antenna Television, Datacenter, High Density Interconnection, Security Systems, Other Applications
Asia-Pacific was the largest region in the fiber optic connectors market in 2023. The regions covered in the fiber optic connectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The number of people using smart devices and smartphones and the commercialization of 4G LTE and 5G network platforms is rapidly increasing, which will drive the growth of the global fiber optic connectors market. For instance, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021. This percentage is projected to increase to 93.8% in 2026. Additionally, for instance, in 2021, Telefonaktiebolaget LM Ericsson, a Sweden-based multinational networking and telecommunications company, the share of 4G subscriptions reached 68% in the region (India, Nepal, and Bhutan) 2021. Smart devices are everyday gadgets, which are made intelligent with advanced computing, including AI and machine learning, and networked to form the internet of things (IoT) that require the internet. The increased use of smart devices and commercialization of 4G LTE and 5G network platforms increased the demand for the fiber optic connectors market growth .
Key Industry Players
Major companies operating in the fiber optic connectors market report are 3M, Corning Cable Systems LLC, Hitachi Ltd., ZTE Corporation, Amphenol Corporation, Alcatel-Lucent S. A., Broadcom Limited, Hirose Electric Co. Ltd., Furukawa Electric Co. Ltd., Sumitomo Electric Industries, Diamond SA, TE Connectivity Ltd., Sterlite Optical Technologies, Extron Electronics, Optical Cable Corporation, Ratioplast-Optoelectronics GmbH, JDS Uniphase Corporation, Diamond SA, Fluke Networks, Fujikura Ltd., Greenlee Communications, Huber+Suhner, Leviton, Light Brigade Inc., Multicom Inc., Panduit Corporation, Siemon, Thorlabs Inc., Complete Hermetics, Panasonic Corporation
The fiber optic connectors market report table of contents includes:
1. Executive Summary
2. Fiber Optic Connectors Market Characteristics
3. Fiber Optic Connectors Market Trends And Strategies
4. Fiber Optic Connectors Market – Macro Economic Scenario
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31. Global Fiber Optic Connectors Market Competitive Benchmarking
32. Global Fiber Optic Connectors Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fiber Optic Connectors Market
34. Fiber Optic Connectors Market Future Outlook and Potential Analysis
