Globally, optical connectors market will be chiefly driven by rising penetration of smart phone users specially in developing countries including India and China

Date: 25 May 2017

Over the recent years, the global optical connectors industry has been growing rapidly as the global sales of optic fibre solutions have been witnessing rapid growth. Globally, the growth in the optical connectors market is driven by rapidly rising internet traffic along with swelling demand for data storage and data transfer. 

According to Azoth Analytics research report, “GlobalOptical Connectors Market: Analysis By Type (Board to Board, Edge Card, MidBoard), By Application (Data Centre, Telecommunication, Automotive, Others), ByRegion, By Country: Opportunities and Forecast (2017-2022) - By Region (North America, Europe, Asia Pacific, RoW), By Country (U.S., Canada, Germany, France, U.K, Japan, China, India)”, global market is projected to display a robust growth represented by a CAGR of 3.44% during 2017 – 2022, chiefly driven by rising penetration of smart phone users specially in developing countries including India and China. Moreover, growing government funding for improving the telecommunication infrastructure has also been instrumental in impelling growth in the global optical connectors market. 

The global optical connectors market is expected to attain promising growth prospects in the coming years, due to the amalgamation of several dynamics such as rising government funding for telecommunication infrastructure development in addition to research & development investments, embarked upon by major players. In addition, the growing applications of optic fibre, owing to the technological advancements have been further driving market growth. In order to satiate the growing demand for bandwidth and provide cost effective, high speed data connectivity, many key players of the industry including telecommunication and network service providers have entered into significant mergers and acquisitions. Among the segments, Board to Board optical connectors has been holding the major market share and this trend is anticipated to continue in the forecast period as well. Among the regions, North America is predicted to maintain its dominant position in the forecast period. However Asia Pacific is expected to grow  at the highest rate, mainly driven by rising internet penetration as well as rapidly growing data centres market.

The report titled “GlobalOptical Connectors Market: Analysis By Type (Board to Board, Edge Card, MidBoard), By Application (Data Centre, Telecommunication, Automotive, Others), ByRegion, By Country: Opportunities and Forecast (2017-2022) - By Region (North America, Europe, Asia Pacific, RoW), By Country (U.S., Canada, Germany, France, U.K, Japan, China, India)” has covered and analysed the potential of Global Optical Connectors Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global food service equipment market. Additionally, the report also highlights market entry strategies for various companies across the globe.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Optical Connectors Market on the basis of Analysis By Type (Board to Board, Edge Card, Mid Board), By Application (Data Centre, Telecom, Automotive and Others), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, U.K., Germany, France, China, Japan and India).

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