Expansion of 5G Infrastructure across Various Regions to Boost Growth Opportunities in Fiber Optic Connectors Market, Notes Study by TMR

ALBANY, N.Y., Sept. 2, 2021 /PRNewswire/ -- Fiber Optic Connectors Market: Growth Summary

The fiber optic connectors market is expected to observe steady growth during the forecast period of 2020-2025. The use of fiber optic connectors across a large number of end-use industries will propel the growth of the global market.

Advantages of fiber optic connectors such as longer reach and high bandwidth connectivity are projected to have a profound impact on the growth structure of the market. Furthermore, the high preference in the telecommunication sector and data centers is anticipated to accelerate the growth prospects of the fiber optic connectors market.

Fiber optic connectors are flexible devices that are designed to connect two or more fiber cables. SN connectors, standard connectors, lucent connectors, MXC connectors, etc. are some types of fiber optic connectors considered in this study. The need for improved connectivity in both residential and commercial segments will present a wide range of growth opportunities for the fiber optic connectors market.

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The use of connected devices to collect real-time health data and provide treatment accordingly will propel their demand in the healthcare sector. Thus, the growing use of connected devices in the healthcare sector is expected to drive the fiber optic connectors market.

Transparency Market Research (TMR) has conducted a detailed analysis on diverse factors associated with the growth of the fiber optic connectors market. The experts at TMR expect the global market for fiber optic connectors to expand at a CAGR of 7.52% during the forecast period of 2020-2025. The fiber optic connectors market is expected to cross US$ 5.7 Bn by 2025.

Industrialization is increasing in numerous regions around the world. With the emergence of Industry 4.0, industrial automation is also expanding at a rapid pace. This factor would serve as a profitable growth generator for the fiber optic connectors market. Manufacturers are offering customized fiber solutions for the growing end-use industry landscape. Research and development activities are also gaining traction, which will further strengthen the growth trajectory of the fiber optic connectors market.

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Key Findings of Report

5G Network Presents Growth Opportunities to Fiber Optic Connectors Market

The advent of the 5G network will have a positive impact on the growth of the fiber optic connectors market. High Internet speed is required in various sectors. Many countries are also in the process of 5G network infrastructure implementation. Telecom leaders are relying on fiber optic cables to fulfill the extensive demand for 5G connectivity. All these factors are projected to fuel the growth of the fiber optic connectors market.

Remote Work from Home Drives Deployment of FTTH Communication Networks

The COVID-19 pandemic has led to an increase in work-from-home (WFH) due to the stay-at-home orders enforced by numerous countries. This aspect has boosted the installation of home broadband connections. Furthermore, due to the evolving nature of the novel coronavirus and with more companies preferring remote work for longer periods, the demand for home broadband connections is increasing. Hence, the need for FTTH communication network is leading to exponential growth of the fiber optic connectors market.

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Regional Landscape of Fiber Optic Connectors Market

• The Asia Pacific fiber optic connectors market is expected to expand at CAGR of 7.83%during the forecast period of 2020-2025, due to the presence of key players manufacturing fiber optic connectors across the region
• Rise in telecommunication applications across the U.S. and need for high speed data transmission across North America is expected to propel the fiber optic connectors market in the region

Global Fiber Optic Connectors Market – Segmentation

By Type

• LC (Lucent Connectors)
• SC (Standard Connectors)
• CS Connectors
• SN Connectors
• MPO/MTP (Multiple-fiber Push-on/Pull-off) Connectors
• ST (Straight Tip) Connectors
• MXC Connectors
• Others

By Application

• Telecom Industry
• Data Centers
• DWDM Systems
• Lasers
• Others

By Region

• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

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