According to a new report by the Market Research Institute, the global optical fiber connector market is expected to reach US $5 billion 900 million (RMB 40 billion 130 million yuan) by 2025.
Optical fiber sector will usher in significant growth in the forecast period. Fiber optic connector has great potential to be a part of medical, rail, defense and aviation, oil and gas fields.
This technology has been in continuous research and development, and aims to develop low-cost applications and technical solutions for the mass market.
Optical fiber technology has made significant progress over the past few years, thanks to continued research and development activities and growth requirements from high bandwidth communications and data services.
Optical fiber markets include different fiber connectors, such as SC connectors, LC connectors, FC connectors, ST connectors, MTP connectors, and others.
According to optical fiber applications, the market can be divided into military and aviation, oil and gas, telecommunications, medical, financial, insurance, rail and other.
According to revenue, in 2015, LC connectors dominated the entire fiber connector market. LC connectors are used for high-density connections, such as Cisco Catalyst network switches.