Global Fiber Optic Connectors Market Report 2021

The "Global Fiber Optic Connectors Market 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global market for fiber optic connectors should grow from $4.0 billion in 2020 to $6.2 billion by 2025, at compound annual growth rate (CAGR) of 9.4% for the period of 2020-2025.

Asia-Pacific market for fiber optic connectors should grow from $1.6 billion in 2020 to $2.5 billion by 2025, at a CAGR of 9.8% for the period of 2020-2025.

The Americas market for fiber optic connectors should grow from $1.4 billion in 2020 to $2.2 billion by 2025, at a CAGR of 9.1% for the period of 2020-2025.

The report provides an overview of the global FOC market and analyzes market trends. Using 2019 as the base year, the report provides estimated market data for the forecast period of 2020-2025. Revenue forecasts for this period are segmented based on type, application and geography. Market values have been estimated based on the total revenue of FOC providers.

Fiber optic connectors (FOCs) enable the use of optical fiber in many applications. Connector development parallels that of optical fiber as optical fiber use has expanded into new markets. However, the original market for FOCs remains the largest market by a significant margin.

Connectors enable the application of optical technologies such as lasers into medical applications. FOCs enable the medical procedure known as endoscopy, which permits less invasive diagnoses and treatments of illness. Industrial use of FOCs is related to the use of lasers. FOCs are also used in laser-guided weapon systems and vehicles.

Rising demand for higher bandwidth, growing opportunities in the telecommunication sector, increased government funding in network infrastructure and the growth of the market for optical systems in the Asia-Pacific region are some of the factors driving the growth of the current FOC market. However, the high installation cost of fiber optics and the growing adoption of wireless broadband and other related technologies are hindering the market's growth.

The report covers the market for FOCs with regard to the global user base. It also highlights major trends and challenges that affect the market and the vendor landscape. The report gives the global market for FOCs in 2019 and provides projections for the expected market size through 2025.