Fiber Optic Connectors Market

Increasing demand for high-speed data transmission to drive the growth of the Fiber Optic Connectors Market

Fiber Optic Connectors Market by Type (Lucent Connectors, Mechanical Transfer Registered Jacks, Subscriber Connectors, MPO Connectors, Ferrule Connectors)

Report ID: PMRREP22987

Number of Pages: 255

Format: PPT*, PDF, EXCEL

Industry: IT and Telecommunication

Published Date: March-2023

Report Price

$4900*

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Fiber Optic Connectors Market (2023 to 2033)

As of 2022, demand for the fiber optic connectors market is valued at US$ 6,004.4 Million and is anticipated to have sales of US$ 21,059.0 Million by the close of 2033. The fiber optic connectors market is estimated to be US$ 6,640.9 Million by 2023 and is anticipated to progress at a CAGR of 12.2% during the forecast period 2023 to 2033.

Fiber optic connectors are devices used to terminate or connect optical fibers to other optical devices, such as transmitters, receivers, and switches. These connectors are used to join two optical fibers end-to-end to form a continuous optical path. The fiber optic connectors market held nearly 5% market share of the fiber optic components market.

Fiber optic connectors consist of two main parts a ferrule and a connector body. The ferrule is a thin cylindrical piece that holds the optical fiber in place and aligns it with the receiving device. The connector body houses the ferrule and provides a means for securing the connector to the optical device.

The fiber optic connectors market is expected to experience significant growth opportunities in the coming years due to several factors such as increasing demand for high-speed internet and cloud computing services, the emergence of 5G technology, advancements in fiber optic technology, increasing adoption of fiber optic connectors in various industries, and growing demand for high-definition video and multimedia applications.

North America held a major market share of 21.4% in 2022 and is projected to dominate the forecast period and demand for the fiber optic connectors market value share of 18.2% in Europe held the global market in 2022.

Fiber Optic Connectors Market Size (2022)

US$ 6,004.4 Million

Projected Market Value (2033)

US$ 21,059.0 Million

Global Market Growth Rate (2023 to 2033)

12.2%

Subscriber Connectors (SC) Type Market Share (2022)

16.4%

United States Market Share (2022)

14.2%

Telecommunication Application Market Share (2022)

18.2%

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What are the Major Factors Driving the Fiber Optic Connectors Market?

“Growing Demand for High-Speed Data Transfer and Increasing Demand for High-Bandwidth Application”

Increasing adoption of cloud computing, IoT, and other data-intensive technologies, there is a growing need for faster and more reliable data transfer. Fiber optic connectors provide high-speed data transfer capabilities, making them increasingly popular in a variety of applications. The demand for high-bandwidth applications such as video streaming, online gaming, and virtual reality is driving the adoption of fiber optic connectors. These connectors offer higher bandwidth and faster data transfer rates than traditional copper cables.

  • In February 2023, The recent addition to HUBER+SUHNER's POLATIS all-optical switch portfolio is frame to provide operators with 80% more capacity compared to any other solution on the market.
  • In August 2022, Broadcom partnered with Tencent. This collaboration would hasten the deployment of high bandwidth co-packaged optics network switches for cloud infrastructure.
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Which Factor is Driving the Opportunity in the United States for Fiber Optic Connectors Market?

“Increasing Demand for High-Speed Internet and Government initiatives Driving Demand for Fiber Optic Connectors in United States Market”

The growing demand for high-speed internet has been one of the primary drivers of the fiber optic connectors market in the United States fiber optic connectors offer faster data transfer rates and are more reliable than traditional copper connectors, making them ideal for high-speed internet applications.

The United States government has launched several initiatives to promote the deployment of high-speed broadband networks across the country. For example, the Federal Communications Commission (FCC) has launched the Connect America Fund (CAF), which aims to expand broadband access in rural areas. Such initiatives are expected to boost the demand for fiber optic connectors.

The United States government had launched several initiatives to improve broadband connectivity across the country. In December 2020, the FCC launched the Rural Digital Opportunity Fund, which aims to invest US$20.4 billion in expanding broadband connectivity in rural areas over the next ten years. In addition, the FCC has also established the Broadband Data Task Force to improve the accuracy of broadband data maps, which will help identify areas that lack adequate internet access.

Due to these reasons, in 2022, the United States fiber optic connectors market companies helped the country to account for a dominant share of 14.2% in the global marketplace.

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Which Countries in Asia Have the High Global CAGR For the Fiber Optic Connectors Market?

“India has high CAGR for Fiber Optic Connectors Market”

Several factors are driving the growth of the fiber optic connector market in India. One major factor is the increasing demand for high-speed internet connectivity, which has led to the adoption of fiber optic technology in various sectors such as telecommunications, IT, healthcare, and defense. Additionally, the Indian government's initiatives to develop smart cities and improve digital infrastructure have also contributed to the growth of the fiber optic connector market in the country.

Furthermore, the increasing demand for high bandwidth and low latency connections for data centers and cloud computing services is also driving the demand for fiber optic connectors. With the rise of the internet of things (IoT) and the increasing adoption of 5G technology, the demand for fiber optic connectors is expected to continue to grow in India.

Overall, the high CAGR for the fiber optic connector market in India reflects the country's increasing focus on digital infrastructure development and the adoption of advanced technologies to meet the demands of a growing population and economy. The CAGR for India's adoption of fiber optic connectors markets is predicted to be around 7.2%.

Which Countries in Europe have the high global Markets share for Fiber Optic Connectors Market?

“Germany Holds a High Global Market Share in Europe Region”

The demand for fiber optic connectors in Germany is driven by the increasing adoption of fiber optic technology in various applications, such as data centers, telecommunications networks, and medical devices. The need for high-speed data transfer and reliable connectivity is driving the growth of the fiber optic connectors market in Germany.

The major players in the fiber optic connectors market in Germany include companies such as Amphenol, TE Connectivity, Corning, and Fujikura. These companies offer a wide range of fiber optic connectors for various applications and are constantly developing new products to meet the evolving needs of the market.

In addition to the telecommunications industry, other industries in Germany are also adopting fiber optic technology, which is driving the demand for fiber optic connectors. For example, the healthcare industry is using fiber optic connectors for medical devices, such as endoscopes and surgical instruments, to provide high-quality imaging and precision control.

Due to this reason, the fiber optic connectors market for the Germany in 2022 held a market share of 12.6% in the global fiber optic connectors market.

Category-wise Insights

Which Type Segment of the Fiber Optic Connectors Market Holds the Largest Market Share?

“Subscriber Connectors (SC) Segment of the Type Allows to Have the Larger Market Share”

SC connectors offer a high level of reliability in terms of performance, which is crucial in applications that require high-speed data transfer and low signal loss. The connector design allows for accurate alignment of the fibers, which helps to minimize signal loss and ensure consistent performance.

SC connectors are compatible with a wide range of fiber optic cables and equipment, making them a versatile choice for various applications. They are widely used in telecommunications, data centers, and other industries where high-speed data transfer is required.

SC connectors are designed for easy installation and removal, which makes them convenient for technicians and installers. They feature a push-pull mechanism that makes it easy to connect and disconnect the fiber optic cable from the equipment. In 2022, subscriber connectors market share was estimated to dominate the global market and account for 16.4% of the total market value share.

Why is the Telecommunication Application Demand Segment Holding a Large Market?

“High Demand for Fiber optic connectors and large volumes of Fiber Optic Cables”

Telecommunication companies have a high demand for fiber optic connectors as they use them extensively in their networks to transmit data and voice signals. The need for fast and reliable connectivity is increasing day by day, and fiber optic connectors offer a superior solution to meet these demands.

Telecommunication companies have large volumes of fiber optic cables and connectors that they use for their networks. As a result, they have significant purchasing power, which enables them to negotiate better prices with suppliers and manufacturers.

The telecommunication industry is expected to continue to grow as more and more people and devices become connected to the internet. This growth will increase the demand for fiber optic connectors and other related products, resulting in a higher market share for telecommunication application in the fiber optic connector industry.

In 2022, it was estimated that the telecommunication companies segment will account for 18.2% of the market share with a CAGR of more than 5.7% over the forecast period.

Competitive Landscape

Fiber optic connector companies typically focus on developing and manufacturing high-quality connectors that can be used in a variety of applications, such as telecommunications, data centers, and healthcare. These companies may differentiate themselves from competitors by offering unique connector designs, materials, and features that provide superior performance, durability, and reliability.

  • In May 2021, Optical Cable Corporation had signed a contract with CommScope, a provider of network infrastructure in the United States. This agreement would include certain OCC and CommScope copper data communication connectivity patents, as well as OCC's in-house wireless patents.
  • In December 2021, Samte, which is a United States based internet interconnect company, has purchased Ultra Communications, Inc. The investment will strengthen fiber and develop Samtec's fibre optic product portfolio for harsh environment applications.

Recent developments related to key players providing the fiber optic connectors market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Fiber Optic Connectors Market Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Type
  • Application
  • Region

Key Companies Profiled

Pricing

Available upon Request

Key Segments of Fiber Optic Connectors Market Research

By Type:

  • Lucent Connectors (LC)
  • Mechanical Transfer Registered Jacks (MTRJ)
  • Subscriber Connectors (SC)
  • MPO Connectors
  • Straight Tip (ST) Connectors
  • Ferrule Connectors (FC)
  • Others

By Application:

  • Telecommunication
  • Data Centers
  • Military
  • Television and Broadcasting
  • Aerospace and Avionics
  • Test and Measurement
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Companies Covered in This Report

  • Siemens AG
  • Hitachi Information and Telecommunication Engineering, Ltd.
  • 3M
  • Sumitomo Electric Industries, Ltd.
  • Broadcom Inc.
  • TE Connectivity
  • Corning Incorporated
  • Furukawa Electric Co., Ltd.
  • OFS Fitel, LLC (A Furukawa Company)
  • Amphenol Corporation
  • Fujikura, Ltd.
  • Belden, Inc.
  • Hirose Electric Co., Ltd.
  • Optical Cable Corporation
  • Molex, LLC
  • Electronics
  • Others

Frequently Asked Questions

In 2022, demand for the fiber optic connectors market is estimated to be US$ 6,004.4 Mn.

The global fiber optic connectors market is estimated to grow at a CAGR of 12.2% over the forecast period.

The market for fiber optic connectors market is forecasted to have a market value of US$ 21,059.0 Mn by 2033.

Demand for the fiber optic connectors market in India is projected to rise at 7.2% CAGR over the forecast period.

In 2022, North America fiber optic connectors market held a dominant market share of 21.4%.

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