Global Optical Connectors Market to See Modest Growth through 2021, Predicts Azoth Analytics in In-Demand Report Available at MarketPublishers.com
15 Jun 2017 • by Natalie Aster
LONDON – Optical connectors are gathering momentum due to increasing demand for data storage and transfer, coupled with rapidly rising deployment of fiber optic cables in telecom industry and data centres. In the coming years, the optical connectors market is likely to continue gaining traction, supported by growing number of data centres, surging penetration of smartphones, constantly improving infrastructure of the telecom industry, enhancing adoption of fiber optic solutions in military, medical and aerospace industries. However, this market also faces certain challenges, for instance, high initial costs and complex technology design.
The Board to Board connectors captures the major share of the overall optical connectors market, due to its extensive usage in a wide range of industries including military, telecom, oil & gas, automotive, etc.
North America is currently the dominant regional market for optical connectors. However, the highest growth rates in the years to come are expected to be witnessed in the APAC regional market.
The world’s market for optical connectors is anticipated to see modest growth at a 3.44% CAGR over 2017-2022.
Azoth Analytics in-demand report, “Global Optical Connectors Market: Analysis By Type, By Application, By Region, By Country: Opportunities and Forecast (2017-2022)” covers the present scenario in the optical connectors market at different geographical levels, presents historical insights, uncovers updated statistics, reviews the market dynamics and examines the major growth influencing factors, and provides a comprehensive 5-year future outlook with detailed forecasts. Besides, the research study contains a detailed assessment of the main market segments on the basis of types, applications and geography. It comprises a review of the competitive environment, profiles the leading companies and discusses the latest trends and developments. The report sheds light on the emerging opportunities and major challenges, touches upon the market entry strategies and canvasses the hottest issues.
A full collection of the publisher’s research studies is available in the Azoth Analytics catalogue.