Global Fiber Optic Connectors Market Is Expected to Reach $4.9 Billion, by 2020 - Allied Market Research

According to a new report by Allied Market Research 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.

Fiber optic connectors exhibit a rapid adoption in enterprises as they enhance the network structure and increase the efficiency of operations. Fiber optic connectors offer greater bandwidth, enhanced reliability and agility, and improved security. The increasing adoption of smartphones and other devices has resulted in a huge demand for high-speed data services, a key factor that accelerates the growth of fiber optic connectors. The increasing fiber-to-the-premises, fiber-to-the-home and fiber-to-the-building applications for improved high bandwidth services also supplement the growth of fiber optic connectors market. Key players in the market are increasingly developing high quality, affordable, compact and energy efficient connectors to cater the growing demands of the customers.

Fiber optic connectors are primarily used in the telecommunication sector. However, with the increasing need of high bandwidth services, applications such as high density networks, inter/intra building, security systems, and community antenna television also exhibit a large adoption of fiber optic connectors. The telecommunication application of fiber optic connectors is forecast to grow at a CAGR of 8.3% during 2015-2020. Fiber optic connectors are increasingly...