DUBLIN, Dec. 04, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5prdmg/world_fiber_optic) has announced the addition of the "World Fiber Optic Connectors - Market Opportunities and Forecasts, 2014 - 2020 " report to their offering.
According to this new report titled, "World Fiber Optic Connectors - Market Opportunities and Forecasts, 2014 - 2020 ", the global fiber optic connectors market is expected to reach $4.9 billion by 2020, registering a CAGR of 9.9% during 2015-2020. The rising demand of high bandwidth services, would primarily drive the fiber optic connectors market. Factors such as increasing cloud applications, audio and video services, TV-on-Demand and online gaming would further stimulate the growth of this market. North American region is expected to register the highest CAGR of 9.1% during the forecast period, owing to the high adoption of fiber optic connectors in datacenters, enterprises and security sectors.
There is a huge demand for fiber optics connectors in the security sector for inherent security, huge bandwidth capabilities and protection against interference. The application of fiber optic connectors in security systems is forecast to register a CAGR of 12.4% during 2015-2020 and is expected to provide potential growth opportunities for players in this market.Lucent fiber optic connectors are deployed in high-density connections, local area networks, telecommunication networks, community antenna television (CATV), data processing networks, fiber-to-the-home (FTTH), and fiber-to-the-premises (FTTP) distribution.
Lucent fiber optic connectors held the maximum percentage share in the global fiber optic connectors market in 2014, followed by the segment of subscriber connectors accounting for a share of 29.2% of the global market in 2014. Subscriber connectors are forecast to grow at a CAGR of 11.3% during 2015-2020. In the coming years, lucent connectors, subscriber connectors, and Multi-Fiber Termination Push On/Pull Off (MTP) connectors would further increase the market penetration owing to their wide application areas.
- Adtek Group Limited
- Amphenol Corporation
- Extron Electronics
- Molex Incorporated
- Optical Cable Corporation
- Shenzhen DYS Fiber Optic Technology Co. Ltd
- T.E. Connectivity
Chapter: 1 INTRODUCTION
Chapter 2 MARKET OVERVIEW
Chapter: 3 GLOBAL FIBER OPTIC CONNECTORS MARKET BY TYPE
Chapter: 4 GLOBAL FIBER OPTIC CONNECTORS MARKET BY APPLICATION
Chapter: 5 GLOBAL FIBER OPTIC CONNECTORS MARKET BY GEOGRAPHY
Chapter: 6 COMPANY PROFIL
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SOURCE Research and Markets