According to ElectroniCast, in 2017, the global fiber connector/mechanical connector consumption value reached 3.94 billion U.S. dollars, and it is expected that the market for multi-mode connectors will increase from approximately 2.52 billion U.S. dollars in 2017 to 3.62 billion U.S. dollars in 2027. Multimode fiber is suitable for short-range applications such as local area networks (LANs), data centers (DCs), military/aerospace, harsh environments, and special applications (automotive, sensors, medical, oil/gas).
Stephen Montgomery, Group Director of Optical Devices at ElectroniCast, said: “The multi-mode LC miniature connector is expected to maintain its leadership position throughout the forecast period. The demand for field-installed connectors for indoor and outdoor use is increasing, and mechanical splices and fusion splicing technology are available to meet the needs of the field. Install fiber optic connector availability requirements."
ElectroniCast said that the sharp increase in bandwidth demand is the main driver of growth in the demand for fiber optic connectors/mechanical connectors worldwide. At this stage, there are more than 100 suppliers participating in the global fiber optic connector/machine splicing market competition. However, this market is dominated by a few companies with extensive interconnection products.