Global Fiber Optic Connectors Market 2016-2020
About Fiber-Optic Connectors
Fiber-optic connectors are an integral part of a fiber-optic system and are used in applications where optical signals are delivered via fiber. These connectors join the ends of fiber-optic cables and also help them plug into a signal transmitter, receiver, repeater, or splitter. Fiber-optic connectors are designed to withstand the elements typical in the field. They can be subjected to stress at times, such as being twisted or pulled, which misplaces the alignment of the cores of the fibers, leading to increasing signal loss for the network.
Technavio’s analysts forecast the global fiber-optic connector market to grow at a CAGR of 9.65% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fiber-optic connector market for 2016-2020. 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.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fiber-Optic Connector Market 2016-2020
Technavio recognizes the following companies as 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.
Commenting on the report, an analyst from Technavio’s team said: “Growth of undersea fiber-optic connections will be a key trend for market growth. 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.”
According to the 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.
Further, the report states that high initial investment will be a challenge for the market. The installation of a complete fiber-optic system requires high investment consideration with planning and implementation. While selecting the system, the user has to decide the equipment transmission format (analog or digital), the availability of digital transmission hardware, the need for multimode or single-mode fiber, and the type of fiber connectors to be used. The fiber-optic service is more expensive than the basic cable service. Despite a fall in prices due to an increasing number of providers offering this service, it is more expensive than copper cable options.
M, 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, Shenzhen DYS Fiber Optic Technology.
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