Corning Incorporated, TE Connectivity and Molex are Dominating the Global Fiber Optic Connector in Telecom Market in 2019

Global Fiber Optic Connector In Telecom Market is expected to grow with the CAGR of 13.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global fiber optic connector in telecom market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global fiber optic connector in telecom market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in February 2018, TE Connectivity launched DEUTSCH high density optical in-line dry-mate connector. This connector features multichannel connection which is capable in to high pressure and temperature conditions.

Corning Incorporated is the dominating player in global fiber optic connector in telecom market. The other key players existing in the market includes TE Connectivity, Molex, Amphenol Corporation, AFL, Infinite Electronics International, Inc., Hitachi Information & Telecommunication Engineering, Ltd, Radiall, Delaire USA, Belden Inc., Panduit, HIROSE ELECTRIC CO., LTD., Ratioplast-Electronics, RS COMPONENTS PTE LTD, 3M, Nexans, LEONI AG, Glenair, Inc., Extron, CommScope among others.

Corning Incorporated

Corning Incorporated is headquartered in New York, U.S. and was established in year 1851. The company is engaged in manufacturing and engineering through their expertise in optical physics, ceramics science and glass science. The company operates in display technologies, optical communications, environmental technologies, specialty materials and life sciences, others segments out of which optical communications are market focused segment. The company offers wide range of product categories such as advanced optics, corning gorilla glass, display glass, environmental technologies, life sciences, optical communications, pharmaceutical technologies in which optical communications is market focused category.

• In January 2018, Corning Incorporated established new manufacturing facility for fiber optics. This facility was established in North Carolina to increase its capacity with growing demand. This has increased the demand for optic fiber products for the company.

The company has wide global presence across North America, Asia Pacific, EMEA, CALA with its various subsidiaries such as Dow Corning (U.S.), SpiderCloud Wireless (U.S.), Corning Optical Communications LLC (U.S.), Alliance Fiber Optic Products (U.S.), Discovery Labware Inc (U.S.) and others.

TE Connectivity

TE Connectivity is headquartered in Mühlenstrasse, Switzerland was founded in 1941. The company focuses in providing wide range of sensors and connectivity solutions for various industry verticals such as data communication, transportation, medical and others. The company operates transportation solutions, industrial solutions, communications solutions segments out of which communications solutions is market focused segment. The company offers product categories which are antennas, application tooling, cable assemblies, connectors, emi filters, fiber optics, harnessing, heat shrink tubing, identification & labeling, passive components, power systems, relays, contactors & switches,  sensors, terminals & splices, wire & cable out of which fiber optics is market focused category.

• In June 2015, TE Connectivity launched PRO BEAM EB16 optical termini. The product features non-contacting interface which ensured no damage of the connector and hemce increasing its ruggedness for high vibrating applications. This product helped company to increase their product portfolio.

The company has wide global presence across EMEA, Asia–Pacific, Americas and generates revenue from subsidiaries such as Measurement Specialties, Inc. (U.S.), First Sensor (Germany), TE Connectivity Germany GmbH, Tyco Electronics (Shanghai) Co., Ltd (China), Tyco Electronics Philippines, Inc. and others.

Molex

Molex headquartered in Illinois, U.S. was established in 1938. The company focuses in providing electronic solutions to various industry verticals such as data communication, medical, commercial vehicle, automotive, consumer electronics and other. The company operates in 3D & advanced packaging (semiconductor)–ISI, connectors, edgecards, and sockets, electrical products-woodhead, network connected solutions-coresync, antennas, optical solutions, application tooling, automation, EMI/noise suppression sheets, RF/microwave solutions, Flexible-printed circuit solutions, busbars, cables, cable assemblies, sensor solutions, user interface, fpga computing systems-bittware, IT infrastructure solutions, lighting products, capillary tubing and micro components-polymicro out of which optical solutions is focused product category.

• In May 2018, Molex acquired BittWare which is known for network packet processing applications. This acquisition enhances the capabilities of company’s network processing and FPGA-based high-performance computing solutions. This will eventually increase the customer base of the company. 

The company has presence across the globe in North America, South America, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as AlliedSignal Aerospace Service LLC (Delaware), Honeywell (China) Co., Ltd.(China),), Elster GmbH (Germany), Others.