According to Allied Market Research, the global fibre optic connector market is expected to reach $4.9 billion by 2020, witnessing a compound annual growth rate (CAGR) of 9.9 per cent between 2015 and 2020.

At present, the telecommunication application of fibre optic connectors accounts for a major share in the global fibre optic connectors market. Meanwhile, the segment of subscriber connectors would register the fastest CAGR of 11.3 per cent between 2015 and 2020. The research firm states that major players in the fibre optic connector market include Siemens, T.E. Connectivity, Delphi, Adtek Group Limited, Shenzhen DYS Fibre Optic Technology, Extron Electronics, Amphenol Corporation, Molex Incorporated, 3M, and Optical Cable Corporation. Increasingly, these players are looking for partnership and collaboration opportunities to enhance their product portfolio and expand geographical footprint.

Allied Market Research forecasts that North America is expected to witness the highest CAGR of 9.1 per cent during the forecast period, owing to the high adoption of fibre optic connectors in data centres, enterprises and security sectors. In the coming years, lucent connectors, subscriber connectors, and multi-fibre termination push on/pull off connectors would further increase the market penetration owing to their wide application areas.

The research firm underlines that the high initial investment associated with the fibre optic connectors, limits its market growth. Also, fibre optic connectors face competition from emerging wireless broadband technologies. Globally, governments are making significant investments for replacing coaxial cables with fibre optic cables across all public communication networks.