The application of a fiber optic connector is to eliminate the end of an optic fiber cable and enable quicker connection. The connectors are used to couple and align the core of fibers mechanically, so that light can pass through them without being affected by any external interference. Good quality fiber connectors tend to lose very little light due to reflection or misalignment. Fiber optic connectors are used to join optical fiber cables where there is a need to connect or disconnect them. The aim of this report is to provide an insight on the global fiber optic connectors market, current and projected trends and to carry out an in-depth analysis of market potentials. This report analyzes opportunities in the developed and emerging economies so that companies can make strategic decisions and gain competitive edge. Fiber optic cable has a global market that is distributed over North America, Europe, Asia-Pacific and LAMEA. The fiber optic connector market is expected to grow at a promising CAGR during 2013 - 2020.
The reason for this enormous growth would be the increasing demand for more bandwidth, reliability, enhanced security and others. Uninterrupted & faster connectivity and higher bandwidth are the basic requirements for downloading or uploading of multimedia files, video calling, surfing internet, playing online games, etc. These factors can be considered as the driving forces for fiber optic connectors market. The maintenance involved, higher cost associated as compared to traditional connectors and availability of wireless broadband connection could act as the restraint. Governments of major countries across the world are planning to invest in fiber optic network to improve the network infrastructure in their country. Thus, the booming telecom and communication industry is a huge opportunity to be considered by fiber optic connector market.
Fiber Optic Connectors Market by Type
On the basis of type, the fiber optic connectors market can be segmented into lucent connector (LC), subscriber connector (SC), straight tip (ST), fiber connection (FC) fiber to the desk (FTTD), multi fiber (MTP) and others. Two of the most common types of connectors in the market are LC and SC. Usually organizations would try to standardize on one type of connector depending on the equipment they use.
Fiber Optic Connectors Market by Application
Based on application, the fiber optic connector market can be segmented into data centers, telecom industry, datacom, DWDM, optic fiber sensor, military, LAN, CATV and others. Among these applications, telecom industry can be estimated to be the most prominent market due to rapid changing technology and the research & development that is taking place in this domain.
Fiber optic connectors market by geography
Based on geography, the fiber optic connector market can be segmented into North America, Europe, Asia-Pacific and LAMEA. Governments of major countries across the world such as France, New Zealand and China are planning to invest in fiber optic networks in order to improve their network infrastructure. Thus, based on initiatives taken by government, there is a boom expected in the fiber optic connectors market.
The industry is very competitive due to the presence of some dominant fiber optic connector manufactures in the market. Some of those key players are Siemens, Shenzhen DYS Fiber Optic Technology Co. Ltd, 3M, Hitachi Co. Ltd., Nortel Networks, Extron electronics, Adtek Technology Co. Ltd. and others. To battle with this competition and to enhance their profit, market share and image, companies are opting for various strategies. For instance, Adtek Technology places a 15 years guarantee on its products, whereas 3M is known for its strong R&D and continuous drive for innovation, which differentiates them from other competitors.
HIGH LEVEL ANALYSIS
The analysis gives an overview about global fiber optic connector market and its key concerns. It also discusses about the growth drivers, restraining factors, technology developments and market segmentations. The global market analysis using Porter’s five force model and SWOT analysis helps in giving a better understanding about various opportunities, threats and substitutes. The bargaining power of buyers is high as the switching cost associated with the product is more. Bargaining power of buyers is low as there is minimum threat of backward integration involved; therefore, switching cost associated is higher. There is intense rivalry within the fiber optic connector industry as the number of companies manufacturing this product is high. Also, the drastic technological changes taking place can be considered as a threat for this industry. Presence of key players and high switching cost involved reduces the threat of new entrants in the market..
The global fiber optic connectors market is been categorized into three segments, namely type, application and geography.
KEY MARKET SEGMENTS
MARKET BY TYPE
MARKET BY APPLICATION
MARKET BY GEOGRAPHY