Global Fiber Optic Connector Market size would be driven by increasing data connectivity in developing nations. Developing as well as emerging economies have been exhibiting high penetration in mobile and internet segments. These connectors are used for mating optical fiber cables and reducing data loss and increasing return loss, thus significantly improving reliability of transmission.
Standardization of connector types, technological advancements in optical fiber networking, mass-scale production of these cables and growing number of warehouse scale datacenters are expected to collectively aid in industry growth over the forecast period. With optical fiber penetrating defense and aerospace industries as requirements for optical sensors and data links are ever increasing, connectors are expected to find greater application scope in near future.
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Smartphone penetration in India has been growing at an annual rate of 21.2% and 26.3% in 2014 and 2015, and y-o-y the growth rates are projected to surpass 36% by 2018. On-demand television, switch from cable to satellite networks, and emergence of mobile phones as a standard platform instead of landline phones are major factors attributable for increasing usage of fiber optics in the country. Similar trends have been evident across other Asian countries.
The major factor driving optical fiber connectors’ usage in developed regions is upgradation of network infrastructure. High adoption rates of 4G LTE platform in these nations is also expected to contribute towards overall industry development. The industry in these regions is characterized by market maturity and advanced technologies. With companies in North America and Europe finding headways in Asia and South America, transfer of technology to the latter regions is a crucial determinant for growth.
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In terms of connector types, the industry is segmented into lucent connector, multi-fiber termination push-on/pull-off connector, subscriber connector, straight tips, master units, data interface connectors, and multi assembly connectors.
Lucent connectors, identical to audio-video plugs, are the most commonly used types. Commercially they are available in snap coupling with ferrule diameter of 1.25mm. They are majorly used in high-density connections, SFP and XFP transceivers.
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Application segments catered by fiber optic connectors include telecommunications, data centers, high density interconnections, inter & intra building, security systems and television broadcasting. Telecommunications, high density connections and data centers are expected to register above average growth due to their high industrial growth respectively.
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