Published on : Jul 22, 2016
Fiber optic connectors are an important part of the global market for telecommunication. Optical fibers are attached using fiber optic connectors, which allows the light transmission between two successive optical fibers. The other important use of fiber optic connectors lies in fast transferring of high-volume data and over large areas. A fiber optic network is useful in this case as it has a bandwidth of 10 Gbps or even more.
The demand for fiber optic connectors is driven due to several reasons. As they are composed of very light materials, they allow high-speed transfer conduction of high-volume data much more conveniently than conventional copper cables. Moreover, optic fibers do not have a limitation pertaining to distance and are shielded. The continuous expansion of the telecom industry has led to an increased demand for high-bandwidth connections, which in turn has benefitted the fiber optic connectors market.
The Telephone Regulations Authority of India (TRAI) carried out the examination of the expansion of Internet Services through Wi-Fi networks in July 2016. The survey carried out by TRAI states that Wi-Fi networks are economical, versatile, and scalable, and can help in the proliferation of Internet services in both urban and rural areas alike. The support of the Indian government for wireless connectivity could be detrimental to the growth of the fiber optic connectors market. This is because unmet Internet needs in India will open significant opportunities for the growth of the telecom industry in the coming years.
North America dominated the fiber optics connectors market in terms of revenue in 2014. The region held 38.20% of the global market in the same year. The data centers in North America are primarily driven by the infiltration of high-density connectors, which will propel the market for fiber optics connectors in this region. The fiber optics connectors market in Asia Pacific will receive a significant boost during the 2015-2021 period owing to the advancements in cable technology.
The increasing awareness about the advantages of fiber optic connectors in comparison to copper cables will play a major role in the market’s growth.