Fiber Optic Connectors Market

The global fiber optic connectors market is exhibiting enormous growth on the account of rising demand for improved security, high bandwidth, and fast connectivity. In 2014, the market had reached a value of US$2.72 billion. Aided by large-scale production and technical development, the global fiber optic connectors market is projected to expand at a CAGR of 7.4% during the period of 2015-2021 and attain US$4.43 billion by the end of the term.Though the market is showing immense growth, but analysts expect that owing to the significant development of wireless networking systems, the fiber optic connectors market will face a tough challenge.

LC Market to Report Impressive Growth on Account of Heightened Demand

The markets for lucent connectors (LC), straight-tip (ST) connectors, standard connectors (SC), multiple-fiber pull-off/push-on (MTP/MPO), and others such as mechanical transfer registered jack, ferrule connectors, and aviation immediate maintenance connectors are the major product segments of the global fiber optic connectors market.

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Among these, the LC market segment held the leading position in 2014. Lucent connectors, mostly utilized for high density connections, are applied in data processing networks, telecommunication networks, local area networks (LANs), cable television (CATV), fiber-to-the-home, and premises distribution systems. These connectors are half the size of standard connectors and are highly efficient and because of this, nowadays, LC is replacing SC in corporate networking systems. On account of the rising demand, the market for LC is expected to register impressive growth in the forthcoming years.