Published By : 23 Jun 2016 | Published By : QYRESEARCH
The global market for fiber optic connectors is witnessing an enormous rise in its valuation. The increasing demand for high bandwidth, advanced security, and fast connectivity is driving the growth of this market significantly. The trend is likely to continue in the coming years; however, the market is expected to face severe challenges from the rapid emergence of wireless networking systems across the world.
North America to Remain Dominant in Global Fiber Optic Connectors Market
North America, Europe, Asia Pacific, Latin America and the Middle East and Africa are the leading regional markets for fiber optic connectors. In 2014, North America led the global market for fiber optic connectors with a share of 38.2%. The increasing application of the high-density multi-fiber connectors in a number of data centers in North America has boosted the market for fiber optic connectors in this region. Analysts project the market to remain dominant in the coming years.
The Asia Pacific fiber optic connectors market emerged second across the world in 2014, accounting for a share of 30.6%. The continual advancement in the cabling technology and the rapid development of the high-speed fiber optic networks are the key factors driving the growth of the market for fiber optic connector in Asia Pacific. Other regional markets are expected to gain momentum over the next few years.
Global Fiber Optic Connectors Market Exhibits Fragmented Structure
The worldwide market for fiber optic connectors exhibits highly fragmented structure and is extremely competitive due to the presence of a huge base of market players. The leading manufacturers of fiber optic connectors across the world are 3M, Alcatel-Lucent SA, TE Connectivity Ltd., Ratioplast Electronics, Avago Technologies, Corning Cable Systems LLC., Sterlite Optical Technologies Ltd., Hirose Electric Co. Ltd., Amphenol Corp., ZTE Corp., Diamond SA, Hitachi Ltd., Arris Group Inc., Furukawa Electric Co. Ltd., and Sumitomo Electric Ind.