Hybrid fiber optic connectors help connect cables with requirements of quick connection and disconnection. Such connectors can be integrated with variety of applications that require precise and rugged products. They find applications in Banking, Financial Services and Insurance (BSFI); medical; railway; military and aerospace; oil and gas; and many other end-use industries.
Military and Aerospace: The Dominant Application Segment
In terms of revenue, military and aerospace was the largest application area in the past. It is likely to witness healthy growth in the years to come. Surveillance system, weapon system, Unmanned Aerial Vehicles (UAV), secure communication, and optical computing are the major application areas of hybrid fiber optic connectors in military and aerospace sector. Oil and gas application include high bandwidth communications, material sensing, and several other related applications; while speed monitoring, railway maintenance, and dynamic load calculation are the major applications in railway.
Railway and oil and gas applications 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 to work efficiently in rugged and harsh environments. Thus, there is an impressive rise in usage of hybrid adapters and connectors. The industrial and automotive application segments are also estimated to expand at a healthy pace in the forthcoming years.
Many hybrid fiber optic connector manufacturers aim at introducing innovative technologies and products to meet the changing requirements of different 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 and defense applications such as camera links with higher band-width in airplanes.
Market Insights
As per the findings of a report published by Grand View Research Inc.; the global hybrid fiber optic connectors market is expected to reach at $1.06 billion by 2025. It is anticipated to expand at a 7.7% CAGR over the forecast period (from 2017 to 2025). The market is estimated to have a fast-paced expansion due to high demand for safe and spark-free media for various applications, such as aircraft fuel cells. In addition, demand for better optical performance and supplemental properties like operating conditions is also predicted to spur growth in near future.
Diamond SA; QPC Fiber Optic, LLC; Hirose Electric Co.; LEMO; and Amphenol Corp. are the key companies in the global market for hybrid fiber optic connectors.
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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