According to a report,“Hybrid Fiber Optic Connectors Market Analysis By Application (Telecom, Oil & Gas, Military & Aerospace, Medical, Railway), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc.,
The global hybrid fiber optic connector market in terms of size was valued at, USD 550.0 million in 2016 and is projected to reach USD 1,067.8 million by 2025, growing at a CAGR of 7.7% from 2017 to 2025. Further, the connectors demand was estimated to be 8,349.6 thousand units in 2016 and is expected to reach 19,847.7 thousand units by 2025.
The technology continually undergoes research & development for introducing low-cost applications and advanced solutions to the mass market. The market is further driven by the ability of these connectors to perform in a harsh working environment. The market has been segregated based on different applications such as telecom, oil & gas, military & aerospace, medical, railway, and others.
Military and aerospace systems perform in adverse surroundings, inclement weather, and unfavorable climates. As a result, there is a growing need for robust fiber optic interconnects. Expanded beam connectors offer lesser susceptibility and increased ease in cleaning small particles of dirt and dust than physical contact connectors.
Hybrid fiber optic connectors have great potential to be incorporated in a wide range of applications which demand precise, and rugged products. Aerospace, geophysical, tactical, and shipboard applications, among others, present taxing environments and hence there is a rise in the use of hybrid fiber optic connectors.
The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in manufacturing practices and infrastructure development activities which have contributed to the swift uptake of hybrid fiber optic technology in end-use industries such as automotive, manufacturing and railway sector.
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Further key findings from the report suggest:
The military & aerospace application segment dominated the hybrid connectors market in terms of market size in 2016.
The increasing adoption of contemporary manufacturing policies and infrastructure development gears in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.
The North American regional market dominated the global market in terms of revenue in 2016 on account of presence of well-established manufacturers, large consumer base in the region are a few factors influencing its high market share.
The key industry participants include, Amphenol Corporation, Diamond SA, Hirose Electric Company, LEMO, and QPC Fiber Optic, LLC, amongst others.
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Grand View Research has segmented the hybrid fiber optic connectors market based on applications, and regions:
Hybrid Fiber Optic Connectors Market Application Outlook (Revenue, USD Million; Volume, Thousand Units, 2014 – 2025)
Telecom
Oil & Gas
Material Sensing
High bandwidth communications
Others
Military & Aerospace
Secure Communication
Weapon System
Surveillance System
Optical Computing
UAV
Military Vehicle Sensing
Medical
Railway
Railway Maintenance
Speed Monitoring
Dynamic Load Calculation
Hybrid Fiber Optic Connectors Market Regional Outlook (Revenue, USD Million, Volume, Thousand Units, 2014 – 2025)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Asia Pacific
China
India
Japan
South America
Brazil
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