Fiber Optic Connectivity Market 2018-2027 Registering A CAGR of 11%

Press Release

The fiber optic connectivity is a communication exchange technology which transfer information through light or optical fiber. The fiber optic connectivity is used for high speed transmission of data. The fiber optics systems enable long distance of transmission of signal with longer intervals of signal transmission. It has larger bandwidth and is light in weight. The fiber optic connectivity also offers high security while transmitting the data. The fiber optic connectivity are used in various industries such as oil & gas, mining, electric substation and wind power.

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The fiber optic connectivity is expected to an important role in the upcoming years. There is growing bandwidth and in long term communications services. The fiber optic connectivity is also applied in various data centers, telecommunication networks and enterprise networks.

Market Size and Forecast

The market is witnessing vibrant growth on the account of growing demand for energy efficient solutions across the various industries coupled with low cost associated with the data transfer. This is expected to boost the growth of fiber optic connectivity market during the forecast period. The growing technological advancement in the field of communication technology is also major reason for the growth of fiber optic connectivity market.

Fiber optic connectivity market is anticipated to record a CAGR of 11% over the forecast period. The market is witnessing robust growth and it is expected to attain a total market size of USD 14 billion by 2027.The market can be segmented on the basis of component and industry. on the basis of component, it is sub-segmented into hardware, software and services.

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On the basis of services, it is sub-segmented into professional services and testing services. The hardware is expected to be the leading sub-segment during the forecast period. The high application of fiber optic in the hardware component such as connectors, cables and assemblies is expected to be the major factor driving the growth of the sub-segment during the forecast period. For instance according to International Telecommunication Union, the total number of fixed broadband subscriptions in 2017 was 1,005 million which increased to 1,075 million in 2018. The growing number of fixed broadband subscriptions is expected to increase the application of fiber optic cables which in turn is expected to propel the growth of overall market during the forecast period.

On the basis of industry, it is sub-segmented into oil & gas, mining, electric substation and wind power.

Key Players

Adtell Integration
Ciena Corporation
Huawei Technologies Co., Ltd.
ADVA Optical Networking
ADTRAN, Inc.
Corning Incorporated
Broadcom, Inc.
Cisco Systems, Inc
Finisar Corporation
Fiber Optic Services
HUBER+SUHNER AG
Fujitsu Optical Components Ltd.
Hamamatsu Photonics K.K.
Optiwave Systems, Inc.
Lumentum Operations LLC

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Growth Drivers

Increasing demand from various industrial sectors

The growing demand for fiber optics from various industrial sectors is expected to drive the overall fiber optic connectivity market during the forecast period. Additionally, the fiber optic technology is used in submarines and aircrafts. This is expected to drive the growth of fiber optic connectivity market during the forecast period. Moreover, the increasing demand from various industrial sectors is also supporting the fiber optic connectivity market over the forecast period.

Widespread Technological Advancement

The increasing technological development coupled with the rising number of data center is increasing the demand for optic connectivity fibers. This is expected to fuel the market growth of the fiber optic connectivity during the forecast period.

Restraints

Technical issues related to connectivity

The increasing technical issues related to fiber optic fiber optic connectivity market is expected to restrain the growth of market during the forecast period.

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