Hybrid fiber optic connectors help connect cables with requirements of quick connection and disconnection. Such connectors have great potential and due to which they can be integrated with variety of applications that require precise and rugged products. Hybrid fiber optic connectors find applications in various end-use industries including BSFI, medical, railway, military and aerospace, oil and gas, and many others.
Military and Aerospace: The Dominant Application Segment
In terms of revenue, military and aerospace led the application segment in the past and is likely to expand during the forecast years (from 2017 to 2025). This segment is segregated into surveillance system, weapon system, UAV, secure communication, and optical computing. The oil and gas application segment is categorized into high bandwidth communications, material sensing, and several other related applications; while the railway segment is divided into speed monitoring, railway maintenance, and dynamic load calculation applications.
The railway and oil and gas application segments are expected to experience a rapid growth as a result of rising adoption in dynamic manufacturing. In addition, these end-use industries also have high demands for interconnected systems in order to work efficiently in rugged and harsh environments, thus are increasingly using hybrid adapters and connectors. This factor is also predicted to propel the segment development over the next few years. The industrial and automotive application segments are also estimated to expand at a healthy growth rate during the next seven years.
Many hybrid fiber optic connector manufacturers aim at innovating newer technologies and products in order to meet the changing needs and demand of the end-use sectors. One such prominent player, Fischer Connectors, has recently added a new FO1 rugged single fiber optic connector into their FiberOptic Series. The FO1 connector is a rugged, miniature, and lightweight device that offers effective optical performance in harsh environments. It can also be incorporated into custom-built assemblies for use in various instrumentation applications and defense applications such as camera links with higher band-width in airplanes.
Market Insight:
As per the findings of a research report predict that the worldwide hybrid fiber optic connectors market is said to reach at $ 1.06 bn. by 2025. The market is also expected to witness a strong growth rate of 7.7 % over the forecast period (from 2017 to 2025). The market is estimated to have a fast-paced expansion due to the factors such as high demand for safe and spark-free media for various applications, such as aircraft fuel cells. In addition, the shifting demands for better optical performance and supplemental properties like operating conditions and so on are also predicted to spur the market growth in future. Diamond SA; QPC Fiber Optic, LLC; Hirose Electric Co.; LEMO; and Amphenol Corp. are the key companies in the global market.
In-Depth Research Report On Hybrid Fiber Optic Connectors Market:
https://www.grandviewresearch.com/industry-analysis/hybrid-fiber-optic-connectors-market
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