Europe Hybrid Fiber Optic Connectors Market Size & Outlook
Europe hybrid fiber optic connectors market, 2018-2030 (US$M)
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Europe hybrid fiber optic connectors market highlights
- The Europe hybrid fiber optic connectors market generated a revenue of USD 270.5 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, military & aerospace was the largest revenue generating application in 2023.
- Oil & Gas is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 270.5 million |
| Market revenue in 2030 | USD 407.0 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Military & aerospace |
| Fastest growing segment | Oil & Gas |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Telecom, Oil & Gas, Military & Aerospace, Medical, Railway |
| Key market players worldwide | Amphenol Corp Class A, Bel Fuse Inc Class A, Canare Electric Co Ltd, Hirose Electric Co Ltd, ITT Inc, Molex, Optical Cable Corp, Smiths Group PLC, Eaton Corp PLC, Corning Inc, TE Connectivity Ltd, Teledyne Technologies Inc, Toshiba Corporation |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.7% of the global hybrid fiber optic connectors market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 421.8 million by 2030.
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Hybrid Fiber Optic Connectors Market Scope
Hybrid Fiber Optic Connectors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe hybrid fiber optic connectors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hybrid fiber optic connectors market will help companies and investors design strategic landscapes.
Military & aerospace was the largest segment with a revenue share of 35.19% in 2023. Horizon Databook has segmented the Europe hybrid fiber optic connectors market based on telecom, oil & gas, military & aerospace, medical, railway covering the revenue growth of each sub-segment from 2018 to 2030.
The rising concern towards the fiber to the premises (FTTP) market, optical access network architectures, plastic optical fiber, and in-home cabling is anticipated to spur the market demand. Europe is well known for its automotive and consumer market.
Hybrid fiber optic connectors are used in endoscopic and other clinical applications such as diagnostic, intensive care, laboratory testing, and research, which is expected to boost the market demand. Increasing advancements made in optical communication technologies to meet the need for gigabit ethernet capacity and multilayer coordination are expected to spur market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hybrid fiber optic connectors market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hybrid fiber optic connectors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe hybrid fiber optic connectors market size, by country, 2018-2030 (US$M)
Europe Hybrid Fiber Optic Connectors Market Outlook Share, 2023 & 2030 (US$M)
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