DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/q9c5fk/fiber_optic) has announced the addition of the "Fiber Optic Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" report to their offering.
The global fiber optic connectors market is primarily driven by factors such as the rise in demand for high bandwidth and increasing application of fiber optic connectors in the medical sector. High bandwidth is important for applications such as video calling, online gaming, and files downloading. Moreover, due to increase in the number of internet users, greater demand for high bandwidth is being witnessed. Therefore, the telecommunication vendors have gradually moved to optical networking, which is capable of carrying higher bandwidth capacity.
Furthermore, large-scale production and technological advancements of fiber optic connectors is also driving the market. New and innovative fiber optic connectors are being developed in order to meet the increasing demands for network bandwidth without increasing the infrastructure cost. Considering these positive factors, the demand for fiber optic connectors is set to rise during the forecast period, i.e., 2015 - 2021.
The global fiber optic connectors market has been bifurcated into five broad geographic regions: North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America occupied the largest share of the market in 2014 accounting for 38.2%. The market in this region is primarily driven by the penetration of high-density multi fiber connectors in the data centers. Asia Pacific held the second largest share of the global market, accounting for 30.6% in terms of revenue in 2014. The market in the region is primarily driven by advancements in cabling technology and the ongoing transition into high-speed fiber optic networks.
Some of the major players in the fiber optic connectors market are 3M (U.S.), Alcatel-Lucent SA (France), Arris Group Inc.( U.S.), Amphenol Corporation (U.S.), Hirose Electric Co. Ltd (Japan), TE Connectivity Ltd.(Switzerland), Furukawa Electric Co. Ltd (Japan), Hitachi Ltd. (Japan), ZTE Corporation (China), Corning Cable Systems LLC (U.S.), Sterlite Optical Technologies Limited (India), Avago Technologies (Singapore), Ratioplast Electronics (Germany), Diamond SA (Switzerland), Sumitomo Electric Industries (Japan) among others.
The global fiber optic connectors market has been segmented into:
Fiber Optic Connectors Market, by Types
Fiber Optic Connectors Market, by Applications
- Telecom Industry
- DWDM systems
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