Fiber Optic Connectors Market 2015 – 2021
A new research report published by Transparency Market Research states that the global optic connectors market is set to grow at a high pace in the coming years. The report, titled “Fiber Optic Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, discusses the market drivers and explains in detail the reasons supporting the growth of this market.
A new research report published by Transparency Market Research states that the global optic connectors market is set to grow at a high pace in the coming years. The report, titled “Fiber Optic Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, discusses the market drivers and explains in detail the reasons supporting the growth of this market.
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“Global <strong>Fiber</strong> <strong>Optic</strong> <strong>Connectors</strong> <strong>Market</strong> to Grow at a CAGR of 7.40% from <strong>2015</strong> to <strong>2021</strong> due<br />
to Need for Enhanced Bandwidth”<br />
<strong>Fiber</strong> <strong>Optic</strong> <strong>Connectors</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends and<br />
Forecast <strong>2015</strong> <strong>–</strong> <strong>2021</strong><br />
A new research report published by Transparency <strong>Market</strong> Research states that the global optic<br />
connectors market is set to grow at a high pace in the coming years. The report, titled “<strong>Fiber</strong> <strong>Optic</strong><br />
<strong>Connectors</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends and Forecast <strong>2015</strong> -<br />
<strong>2021</strong>”, discusses the market drivers and explains in detail the reasons supporting the growth of this<br />
market.<br />
According to the research report, the global fiber optic connectors market was valued at US$2.7<br />
bn in 2014 and is estimated to reach US$4.4 bn by <strong>2021</strong>, growing at a CAGR of 7.40% from <strong>2015</strong><br />
to <strong>2021</strong>. The primary growth driver for the global fiber optic connectors market is the advantage of<br />
transmitting extremely high bandwidth, which eases out the process of carrying an increased<br />
information load.<br />
The global fiber optic connectors market is segmented on the basis of type, application, and<br />
geography. The types of fiber optic connectors used in the market are SC, LC, ST, MPO/MTP, and<br />
others. Applications of these connectors are seen in the telecom industry, datacom, DWDM<br />
systems, the medical sector, lasers, and others. Geographically, the global fiber optic connectors<br />
market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East<br />
and Africa.<br />
According to the research report, the telecom industry held the biggest share in the global fiber<br />
optic connectors market in 2014. Analysts predict the global fiber optic connectors market will be<br />
fueled as they are being used for the transmission of huge volumes of data and transmission over<br />
long distances.<br />
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Geographically, North America dominated the global fiber optic connectors market in 2014; the<br />
North America fiber optic connectors market accounted for 38.20% of the global market. This<br />
dominant market share was the result of increasing usage of multi-fiber connectors with high<br />
density in numerous data centers. Furthermore, Asia Pacific held the second place with a share of<br />
30.60% in the overall market in 2014. Technological advancements in cabling technology are<br />
expected to drive the Asia Pacific fiber optic connectors market in the near future.<br />
The research report profiles some of the important players in the global fiber optic connectors<br />
market such as TE Connectivity Ltd., Alcatel-Lucent SA, 3M, Amphenol Corporation, Arris Group<br />
Inc., Hirose Electric Co. Ltd, Furukawa Electric Co. Ltd, Avago Technologies, Hitachi Ltd.,<br />
Sumitomo Electric Industries, Sterlite <strong>Optic</strong>al Technologies Limited, ZTE Corporation, Corning<br />
Cable Systems LLC, Diamond SA, and Ratioplast Electronics, among others. The report gives a<br />
detailed explanation of the financial overview, research and development activities, list of existing<br />
products and the ones in the pipeline, and the investment outlook for the near future. In a<br />
comprehensive overview of the global fiber optic connectors market, the report also explains the<br />
competitive landscape of the market.<br />
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