North America Fiber Optic Connectors Market Size, Share & Industry Trends Analysis Report By Type, By Application (Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Railway, and Others), By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the North America Fiber Optic Connectors Market
Market Report Description
The North America Fiber Optic Connectors Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Manufacturers in the fiber optic connectors market are gaining a competitive edge because of ongoing investments in fiber optic R&D breakthroughs. Fiber-based connectivity that is driven by the industry solves the problem of business disruption brought on by ongoing technological improvements. The utilization of fiber optic technology is increasing as the most reliable and wisest investment for a variety of institutions, campuses, and businesses.
Due to its benefits of high bandwidth capacity and greater reach, fiber cabling is removing the complexity and expenses associated with traditional network architectures. As a result, by simplifying the fiber optic technology, passive optical LAN topologies increase IT productivity.
Users in data centers and the telecom industry favor fiber optic technology because it gives them more alternatives for designing their infrastructure. Strong MDC connectors that allow for easy insertion and field-polarity configuration enable the next-generation splicing.
The number of high-speed internet connections that require fiber optic cables is indicated by the number of broadband connections. Because operators buy additional fiber optic cables to provide customers with high-speed internet, improved broadband connections can aid in increasing industry profitability. More people are expected to have access to broadband, which might lead to a growth in the North American market for fiber optic connectors.
The US market dominated the North America Fiber Optic Connectors Market by Country in 2021; thereby, achieving a market value of $2,007.7 million by 2028. The Canada market is anticipated to witness a CAGR of 11.2% during (2022 - 2028). Additionally, The Mexico market is exhibiting a CAGR of 10.2% during (2022 - 2028).
Based on Type, the market is segmented into Lucent Connector (LC), Subscriber Connector (SC), Straight Tip (ST), Multi-Fiber Termination Push On/Pull Off (MTP), Master Unit (MU), Fiber Distributed Data Interface (FDDI), Sub Multi Assembly (SMA), and Others. Based on Application, the market is segmented into Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Railway, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Broadcom, Inc. (CA Technologies, Inc.), Siemens AG, TE Connectivity Ltd., Amphenol Corporation, Aptiv PLC, Optical Cable Corporation, Shenzhen ADTEK Technology Co., Ltd, Molex, LLC (Koch Industries, Inc.) and Extron Electronics.
Scope of the Study
Market Segments Covered in the Report:
- Lucent Connector (LC)
- Subscriber Connector (SC)
- Straight Tip (ST)
- Multi-Fiber Termination Push On/Pull Off (MTP)
- Master Unit (MU)
- Fiber Distributed Data Interface (FDDI)
- Sub Multi Assembly (SMA)
- Oil & Gas
- Military & Aerospace
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- Broadcom, Inc. (CA Technologies, Inc.)
- Siemens AG
- TE Connectivity Ltd.
- Amphenol Corporation
- Aptiv PLC
- Optical Cable Corporation
- Shenzhen ADTEK Technology Co., Ltd
- Molex, LLC (Koch Industries, Inc.)
- Extron Electronics
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free