New York, March 08, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Fiber Optic Connectors Global Market Report 2021: COVID-19 Growth And Change” – https://www.reportlinker.com/p06033665/?utm_source=GNW
Ltd, and Sumitomo Electric Industries.
The global fiber optic connectors market is expected to grow from $4.20 billion in 2020 to $4.53 billion in 2021 at a compound annual growth rate (CAGR) of 7.68%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.02 billion in 2025 at a CAGR of 7.38%.
The fiber optic connectors market consists of sales of fiber optic connectors by entities (organizations, sole traders, and partnerships), which are high-speed connectors used for public telecommunication networks and wiring installations.A fiber optic connector is a flexible device that can connect and disconnect fiber optic cable quickly.
Only goods and services traded between entities or sold to end consumers are included.
The fiber optic connectors market covered in this report is segmented by product into SC (standard connectors), LC (lucent connectors), FC (ferrule connector), ST (straight tip), MTP/MPO (multiple-fiber push-on/pull-off), MXC…