North America Hybrid Fiber Optic Connectors Market Size & Outlook
North America hybrid fiber optic connectors market, 2018-2030 (US$M)
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North America hybrid fiber optic connectors market highlights
- The North America hybrid fiber optic connectors market generated a revenue of USD 300.8 million in 2023.
- The market is expected to grow at a CAGR of 6.2% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 300.8 million |
| Market revenue in 2030 | USD 458.0 million |
| Growth rate | 6.2% (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, North America region accounted for 34.1% 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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North America 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 31.95% in 2023. Horizon Databook has segmented the North America 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.
A few factors influencing its high market share are well-established manufacturers, a large consumer base, and significant adoption of unique applications in the region. The Asia Pacific, South America, and MEA regional markets are anticipated to witness substantial gains in their revenue shares over the forecast period.
The North American market is characterized by the growing demand for military & aerospace, railway, oil & gas applications. Increasing demand for precise optical alignment and technically superior hybrid fiber optic connectors is anticipated to drive the market.
The increasing expenses on high data rate telecommunications technology, such as point-to-point and passive optical networks, have increased the market of hybrid fiber optic connectors in the U.S. The region is anticipated to dominate the market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America hybrid fiber optic connectors market , including forecasts for subscribers. This continent databook contains high-level insights into North America hybrid fiber optic connectors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America hybrid fiber optic connectors market size, by country, 2018-2030 (US$M)
North America Hybrid Fiber Optic Connectors Market Outlook Share, 2023 & 2030 (US$M)
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