Fiber Optic Connector Market Growth, Size Trends and Forecasts 2016-2020

Technavio Announces the Publication of its Research Report Global Fiber-Optic Connector Market 2016-2020

Technavio recognizes the following companies as the key players in the global fiber-optic connector market: 3M, Alcatel-Lucent, Amphenol Corporation, Corning Cable Systems, Diamond, Furukawa Electric, Molex, ADTEK, Hirose Electric, Ratioplast-OptoElectronics, Optical Cable, Sterlite Optical Technologies, Sumitomo Electric Industries, TE Connectivity, and Shenzhen DYS Fiber Optic Technology.

Browse full report with TOC@ https://marketreportscenter.com/reports/356379/global-fiber-optic-connectors-market-2016-2020

Commenting on the report, an analyst from Technavios team said: Growth of undersea fiber-optic connections will be a key trend for market growth. Due to increasing offshore petroleum exploration and production, the industry is looking at new ways to enhance operating efficiencies and improve recovery of petroleum reservoirs. It is considering optical fiber as a good option as it can carry higher data rates over longer distances than copper cables. By 2020, an increase in subsea processing will generate more data, which will make the high bandwidth and longer transmission distances of optical fibers more attractive. More information gathered throughout the system makes for a more meaningful analysis.”

According to the report, one of the key drivers for market growth will be increase in number of data centers on a global level. The number of data centers is increasing globally due to technological advances. Cloud computing has become an effective way to access data worldwide. Further, the use of compact devices such as smartphones, tablets, and smart wearable devices is flourishing rapidly. Data centers provide high-performance computing across multiple industry verticals and, therefore, help foster more technological innovations.

Further, the report states that high initial investment will be a challenge for the market. The installation of...