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Bigger Clouds need Better Fiber Optics: Global Fiber Optic Connectors Market in for a Bright Future

Blog Description

Fiber optics are fast becoming a mainstay in most networking industries where rapid transmission of data is a necessity. They transmit far more data than conventional copper wires and additionally possess the massive advantage of being immune to electromagnetic interference. Fiber optic connectors are mechanical links between two optical fibers. They help transmit the light of one wire core to another without any break or delay. They are also expected to protect the ends of the optical fiber cables. Currently, most optical fiber networks are local and come in two types depending on the distance. Single-mode fibers are used to transmit data for longer distances, while multi-mode fibers are used to smaller distances.

Browse the full Report of Global Fiber Optic Connectors Market

The global fiber optic connectors market is currently expanding at a CAGR of 7.40% between 2015 and 2021. The market was valued at US$2.70 bn in 2014. Owing to multiple factors that are expected to drive the global fiber optic connectors market, it could be seen reaching US$4.4 bn by the end of 2021. This market is influenced by the marketing and manufacturing strategies of its key players, such as Sumitomo Electric Industries, Hitachi Ltd., Hirose Electric Co. Ltd., and Furukawa Electric Co. Ltd. from Japan, Diamond SA and TE Connectivity Ltd. from Switzerland, Ratioplast Electronics from Germany, ZTE Corporation from China, Alcatel-Lucent SA from France, Sterlite Optical Technolofies Ltd. from India, and 3M, Amphenol Corporation, Corning Cable Systems LLC, Arris Group Inc. from the United States.

Telecom Industries Demand More Optical Fibers

Currently one of the fastest data transmission modes in the world, fiber optics is naturally in high demand. Therefore, this demand of higher bandwidth by telecom companies around the world is expected to be the primary growth driver for the global fiber optic connectors market. The amount of data sent and received is growing in magnitude every day. As such, the methods of data transmission also need to keep up with the latest developments in industries. The emergence of big data analytics and cloud computing are simply creating this need for more fiber optics and fiber optic connectors.

Cloud Computing to Pave the Way for Fiber Optics

Given the rate at which cloud computing has grown over the past few years, it is apparent that servers will need ways to transmit data much faster than what they have been using so far. This need for higher bandwidth is key to the growth of the global fiber optic connectors market, as next-gen data networks are poised to be fully ready for fiber optics integration. The global fiber optic connectors market is further propelled by the advances in technology that it has been witnessing recently. The application areas of fiber optics is increasing as well. Optical fibers are now in high demand in defense and aerospace industries for the same reason why telecom companies are using them: larger bandwidths.

Browse the full Press Release of Global Fiber Optic Connectors Market

The only shortcoming of the fiber optics market as well as the global fiber optic connectors market, is the extremely high price associated with installation. It is this high price that is currently restricting a large-scale use of fiber optics. The use of better manufacturing methods and materials, however, could mitigate this to an extent where smaller companies may be able to afford them. Till then, the global fiber optic connectors market will continue to follow a localized growth rate marked with the presence of highly competitive players.