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Innovative Report on Hybrid Fiber Optic Connector Market with Competitive Analysis, New Business Developments and Top Companies, Forecast to 2025: Grand View Research, Inc.

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Innovative Report on Hybrid Fiber Optic Connector Market with Competitive Analysis, New Business Developments and Top Companies, Forecast to 2025: Grand View Research, Inc.

November 07
02:01 2019
Innovative Report on Hybrid Fiber Optic Connector Market with Competitive Analysis, New Business Developments and Top Companies, Forecast to 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
The global hybrid fiber optic connectors market is expected to reach USD 1.06 billion by 2025 growing at a CAGR of 7.7% from 2017 to 2025. The demand for high-performance fiber optic connectors is increasing in order to assure adequate optical, mechanical, and environmental performance in various industries, such as military & aerospace, oil & gas, safety & security, civil engineering, railways, power & utility, and others.

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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U.S. hybrid fiber optic connector market

 

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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Hybrid fiber optic connectors market, by application, 2016 (%)

 

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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

  • Others

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

  • The Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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