Source: China Nonferrous Metals Industry Association
July 14, 2015 - the global fiber optic connector market is expected to reach $4900000000 by 2020, according to a joint market research. In the period 2015-2020, the growth rate of 9.9% of the compound annual growth rate. High demand for high bandwidth services, will be the main drive fiber connector market. Cloud applications continue to grow, audio and video services, video on demand and online games and other factors will further stimulate the growth of this market. As the optical fiber connector is widely used in data center, enterprise and security department, the North American region is expected to achieve the highest annual compound growth rate of 9.1% during the forecast period.
Fiber optic connectors are quickly adopted in many companies because they enhance the network structure and increase the efficiency of the operation. Fiber optic connectors provide greater bandwidth, higher reliability and agility, and improve security. Substantial growth in the use of smart phones and other devices has led to a huge demand for high-speed data services, but also the key factor to accelerate the growth of fiber optic connectors. Increasing fiber to the resident, fiber to the home and fiber to the building applications also added fiber optic connector Market growth. Key players in the market continue to develop high quality, affordable, compact structure, high efficiency and energy saving connector to meet the growing needs of customers.
Optical fiber connector is mainly used in the field of telecommunications. However, with the increasing demand for high bandwidth services, some applications such as high density of network, interactive / internal architecture, security systems, and shared antenna TV also show great demand for fiber optic connectors. In the period of 2015-2020, the field of telecom applications is expected to show a 8.3% increase in the field of optical fiber connector. Fiber optic connectors are increasingly being used in the security sector, defense and aerospace sector data security needs continue to rise, but also led to the growth of this market. The security sector is a huge demand for fiber optic connectors to ensure the internal security, the huge bandwidth capacity and anti-jamming. The application of fiber optic connectors in the security system is expected in the period 2015-2020, will show a 12.4% year growth rate, is expected to provide potential growth opportunities for the participants in this market.
Lucent optical fiber connector is deployed in high density connection, LAN, telecommunication network, public antenna television (CATV), data processing network and fiber to the home (FTTH), and fiber to the premises (FTTP). Lucent optical fiber connector in 2014 global fiber optic connector market accounted for maximum percentage share, followed by subscriber connector in 2014 accounted for 29.2% of the global market. Expected in the period of 2015-2020, the user connector annual compound growth rate will reach 11.3%. In the next few years, Lucent connector, connector users, MTP connector due to its wide range of applications, will further expand the market penetration.
High initial investment in optical fiber connector limits its market growth. In addition, fiber optic connectors are facing a threat from the emerging wireless broadband technology. Many governments are investing heavily in public communication networks around the world. Governments around the world have taken several steps to improve their network infrastructure, thereby increasing the area of the Internet, and thus increased business opportunities.
Due to the high demand for high speed bandwidth and the increasing use of mobile devices, the global fiber optic connector market forecast will show high growth rate.
Fiber optic connector applications in the telecommunications sector accounted for the major share of the global fiber optic connector market.
During the 2015-2020, the user connector will grow at a rate of 11.3% of the fastest growing year.
North America region is the world's highest in the optical fiber connector market, the highest in the forecast period will continue to become the dominant market.
The main market participants include Siemens, T.E. connectivity, Delphi, Adtek Group Co., Ltd., Shenzhen East Yongsheng optical communication equipment Co., Ltd., extron electronics company, Amphenol, MOLEX, 3M, and cable companies. These companies involved in the introduction of new products to improve their investment portfolio, to meet the growing demand for consumers. The relationship between enterprises and the relationship of these enterprises in the strengthening of product portfolio and regional expansion provides the opportunity to continue to develop.