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Global fiber optic connector market: 5% CAGR growth between 2012-2016

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Global Fiber Optic Connector Market in Telecom Sector 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-28 00:52:03
The global telecom fiber optic connector market is to grow at a CAGR of 5.22 percent over the period 2012-2016. One of the key factors contributing to this market is the increasing requirement for high bandwidth. The Global Fiber Optic Connector market in the Telecom sector has also been witnessing increasing government investments in fiber optical networks. However, the increasing preference for wireless broadband could pose a challenge to the growth of this market.

The main trend witnessed in the Global Fiber Optic Connector market in the Telecom sector is the increase in government investments in fiber optic networks. Governments of major countries across the world are planning to invest in the deployment of fiber optic networks to improve the network infrastructure in their countries. The French government has plans to invest 2 billion Euro toward the deployment of FTTH in less populated areas. Similarly, the New Zealand government has set up a new company Crown Fiber Holdings to manage government investments in fiber optic networks and also to ensure the deployment of fiber optic networks even in the remotest parts of the country. Also, high investments in fiber optic networks are expected in China, which is anticipated to be a major destination for fiber optic networks in the coming years.

The main factor that is driving the market is the high bandwidth requirements of end-users. High bandwidth is extremely important for applications such as file downloading, online gaming, IPVOD, and videophone usage. Optical fiber cables provide the speed, agility, and accessibility required by service providers to offer services that consume high bandwidth.

The main challenge confronting the market is the growing preference for wireless broadband. Mobile technology has become highly advanced and the use of smartphones and tablets has increased significantly over the past few years. 4G LTE networks provide high-speed internet connectivity, which is beneficial for mobile users, and service providers are determined to introduce advanced LTE in the near future.

The key vendors dominating this space include Amphenol Corp., FCI SA, Molex Inc., and Tyco Electronics Corp. The other vendors mentioned in this report are Adamant Koygo Company Ltd., Adtek Technology Co. Ltd., Belden Inc., Corning Cable Systems, Delphi Optics GmbH, FOCI Optical cable Communication Inc., Foxconn Technology Group., JST Corp., NTT Corp., OFS FITEL LLC. , Panduit Corp., Sabritec Inc., Sur-link Technology Co. Ltd., and Yazaki Corp.

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