Fiber Optic/Optical Fiber Connector Market - Forecast(2024 - 2030)
Fiber Optic/Optical Fiber Connector Market Overview
The global Fiber Optic/Optical Fiber
Connector Market size is estimated to surpass $7.8 billion mark by 2026 growing
at an estimated CAGR of more than 7.2% during the forecast period 2021 to 2026.
This market technology is developed quickly,
owing to comprehensive studies performed through thorough research and
development by researchers and scientists around the world. The technology has
proven to be a blessing across a wide range of applications and over time has
increased the number of advances. The worldwide demand for the internet,
coupled with the growing need for FTTx, is the major factor driving the growth
of the fiber optics sector. Increasing demand for communication at high
bandwidth through rising adoption of 5G and LTE technology is boosting market
growth. For example, these systems are used with ease to transmit data, speech,
and images that range from a few meters to a few km. Telecommunications and IT have
a wide variety of uses as primary industries. The development of fiber-rich
networks has increased the market for these cables tremendously. Lucent
Connectors (LC Connectors) are set to remain the major type of Optical fiber
connectors adopted in the market.
Report Coverage
The
report: “Fiber Optic/Optical Fiber
Connector Industry Outlook– Forecast (2021-2026)”, by IndustryARC covers an
in-depth analysis of the following segments of the Fiber Optic/Optical Fiber
Connector Market.
By Fiber Optic Type: Plastic, Glass.
By Mode: Single
Mode, Multi Mode.
By Index Type: Step
Index, Grade Index.
By Type: LC, SC,
ST, FC/PC/APC, Special Designs and Others.
By End Use Industry: Data Storage, Automotive, Aerospace and Defence, IT and
Telecom, Industrial, Medical, Networking, Enterprise, Broadcast/CATV and Others.
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy,
Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), South America(Brazil, Argentina and others), and
RoW (Middle East and Africa).
Key Takeaways
- Global internet internet demand, coupled with the growing need for FTTx and 5G/LTE
network, is the major factor driving the growth of the Fiber Optic/Optical
Fiber Connector Market.
- Growing opportunities in the healthcare sector such as endoscopic imaging applications and applications for biomedical sensing are boosting the growth of Fiber Optic/Optical Fiber Connector Market, especially LC Connectors.
- Advancement in technology has reached a point where the electronic devices are capable of communicating via the Internet, which is, the Internet of Things. The concept of IoT is prolifirating at a rapid pace all over the world and the only way in which it can be pursued is through data integration and a Enterprise Systems Connection. To adopt IoT readily a clutter-free internet will be required, and the fiber optics is one of the most legitimate option to achieve it.Fiber Optic Connector Market, By Region, 2020
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Fiber Optic/Optical Fiber Connector Market Segment Analysis - By End Use Industry
The IT & Telecom is expected to grow at a higher CAGR of 7.4% during
the forecast period. Fiber optics is a significant building block for
telecommunications networks. With the Internet, electronic commerce, computer
networks, multimedia, voice, data, and video explosion of information traffic,
the need for a transmission medium with bandwidth capabilities to handle such
vast amounts of information is of paramount importance, primarily through multi
fiber termination. Fiber optics, with a comparatively infinite bandwidth has
proven to be the solution. In addition, 5G, LTE network, IoT, and Big Data rely
heavily on the collection and transfer of data in real time. As fiber optics
has unlimited potential for bandwidth, fiber optics cables and thereby
connectors is chosen to support these levels of bandwidth. Additionally, more
small cells (or nodes) and mobile edge computing will be needed to eliminate
network bottlenecks to achieve the expected performance levels for 5G networks.
Such small-cell deployments also make use of the millimeter wave spectrum by
relying heavily on fiber cabled connections, primarily LC and SC connectors,
for the network's backhaul component. The 5G rollout would directly add
increased flexibility and reduced latency to networks. Fiber optics cable is
the preferred option for 5G and LTE networks due to its scalability, safety and
ability to handle the large volume of traffic in the backhaul. In return, this
is expected to create a huge market opportunity for IT and Telecom's fiber
optic cable market.
Fiber Optic/Optical Fiber Connector Market Segment Analysis - By Fiber Type
During the forecast period, the Plastic segment is expected to grow at a
CAGR of 5.2%. The plastic optical fiber connector market is expected to
witness immense growth during the forecast period as the base material used for
plastic optical fiber production differs from the base material used for
multimode and single-mode optical fiber production. Based on the core materials
used in POF cable construction POF differs from its single and multimode
counterparts. While single- and multimode fiber optics have a core of glass,
POF cables have a core of polymer. This offers a complex framework and permits
cost savings. This is expected to boost the market growth of optical fiber
connectors such as LC, SC and ST connectors.
Fiber Optic/Optical Fiber Connector Market Segment Analysis - By Geography
North America region dominated the global Fiber
Optic/Optical Fiber Connector Market as of 2020 with a share of 35.5%. It is
due to the presence of significant players namely Corning, Prysmian Group, AFL
Telecom, Fitel and LS Cable and System. The U.S. accounted for a huge market
base for Fiber Optic Cables due to the early adoption of fiber optic technology
driven by a push from companies such as Google and Verizon. This growth of 5G and
LTE networks will be a major proponent driving the adoption of fiber optic
cables, not just in the U.S but globally as well. Consumers have increasingly
demanded high-speed internet in their homes and on mobile devices, underpinning
this rising number of companies. As a result, wireless carriers and cable
providers are demanding fiber-optic cable at increasing rates. The increase in
fiber-optic cable networks which utilize various connector types such as LC,
SC, ST and FC, has expanded the speed and size of wireless carriers' and cable
providers' data networks, providing higher-speed data transmission and larger
volume data transfers. Industry revenue is projected to continue grow due to
this development. The
rising telecommunication.
Fiber Optic/Optical
Fiber Connector Market Drivers
Increasing demand for internet
The internet is a massive, linked computer network. Fiber optics act as
the internet's backbone; fiber optic cables are used as a medium for
transmitting information from one point to another. According to the
International Telecommunication Union (ITU), in 2019 52.4% of the world's
population used the Internet. The growth rate of Internet users in 2019 was
approximately 45%. Internet demand is also influenced by many other factors
such as rise in the number of connected devices in households as well as in
Enterprise systems connection, an increase in demand for OTT video content and
an increase in access to internet. The growing importance of cloud computing,
data transfer and storage, and IoT drives internet usage and increasing
internet use will drive the fiber optics market. This growth will also be
driven by rising adoption of LC connectors for multi fiber connector purposes.
Adoption of Fiber for 5G Infrastructure
Optical fiber and fiber-optic cabling are the
most-capable media in high-speed, long-distance data transmission, evidenced by
their use in the world’s most-demanding networks. Fiber’s capabilities extend
beyond the transport of bits and bytes for which it is most commonly known.
This includes adoption of Fiber optic cabling for 5G infrastructure as well as
LTE networks in the overhaul of telecom infrastructure worldwide. As wireless and wireline networks prepare for
5G, FirstNet, and enhanced Public Safety supported networks, RF Radio Access
Network (RAN) technicians and administrators face new challenges in
implementing and testing wireline equipment and fiber. As 5G promises to
revolutionize the communications industry by delivering complete digital
connectivity. 5G requires an ultra-flexible network, supporting key scenarios
(eMBB, mMTC, URLLC) with single infrastructure. In order to achieve a true 5G
revolution, fibre optic cables are essential. 5G is based on a small cell model
that brings connectivity closer to the end-user. This small cell model requires
a crucial fibre optic cable backbone in order to deliver a cohesive internet
experience. The high bandwidth and speed requirements and low latency
requirements for 5G can be delivered by using fiber technology in the access network
to support increased mobile backhaul and small cell rollout. In view of the
requirements of 5G expected in the long run regarding data rate, latency and
fail-safety, the optical fiber is basically the most future-proof and
scalable medium. In addition, it is
operationally cost-effective in the long term because there are no longer
active network elements between the control center and the mobile radio
station.
Fiber Optic/Optical Fiber Connector Market Challenges
Alternative Technologies such as WLAN
The most basic challenge faced by the fiber-optic
connector and cable manufacturers is the introduction of wireless technology to
exploit the internet. The advancement in technologies has optimized the speed
and features in the wireless technology. A significant market shift is visible
towards the wireless systems as wireless local area network (WLAN) has become
the most favorable choice of accessing the Internet in domestic as well as
commercial sectors.
Market Landscape
Product launches, acquisitions, and R&D activities are
key strategies adopted by players in the Fiber Optic/Optical Fiber
Connector Market. Optical
Cable Corporation, Sterlite Technologies, Fujikura Limited, Finolex Cable
Limited, Ofs Fitel, Llc, Prysmian Spa, Infinera Corporation, Corning INC, Birla
Furukawa Fibre Optics and others are considered to be the key players of the Fiber
Optic/Optical Fiber Connector Market
Acquisitions/Technology Launches/Partnerships
- In June 2020, Black Box had launched a new family of networking active optical cables as a part of offering optimizing data center as well as edge network applications. These cables will help in addressing the rising demand for cloud services, big data storage as well as media streaming with offering support for SFP, SFP+, QSFP and QSFP+. Moreover, with integrated SFP/QFSP transceivers, these optical cables will help in significantly reducing the costs and complexities related to fiver installation along with overcoming the requirement of time consuming and costly testing using modular transceivers.
- In April 2020, Prysmian Group announces world’s first 180µm fibre cable for FTTx and 5G networks.
Related Reports:
Report code : ITR 0032
1. Fiber Optic/Optical Fiber Connector Market Overview
1.1 Definitions and Scope
2. Fiber Optic/Optical Fiber Connector Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Type
2.3 Key trends By End Use Industry
2.4 Key trends segmented by Geography
3. Fiber Optic/Optical Fiber Connector Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Fiber Optic/Optical Fiber Connector Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Fiber Optic/Optical Fiber Connector Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Fiber Optic/Optical Fiber Connector Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Fiber Optic/Optical Fiber Connector Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Fiber Optic/Optical Fiber Connector Market – By Type (Market Size -$Million/Billion)
8.1 LC
8.2 SC
8.3 ST
8.4 FC/PC/APC
8.5 Special Designs
8.6 Others
9. Fiber Optic/Optical Fiber Connector Market – By Index Type (Market Size -$Million/Billion)
9.1 Step Index
9.2 Grade Index
10. Fiber Optic/Optical Fiber Connector Market – By Fiber Optic Type (Market Size -$Million/Billion)
10.1 Plastic
10.2 Glass
11. Fiber Optic/Optical Fiber Connector Market – By Mode (Market Size -$Million/Billion)
11.1 Single Mode
11.2 Multi Mode
12. Fiber Optic/Optical Fiber Connector Market – By Industry Vertical (Market Size -$Million/Billion)
12.1 Data Storage
12.2 Automotive
12.3 Aerospace and Defence
12.4 IT and Telecom
12.5 Industrial
12.6 Medical
12.7 Networking
12.8 Enterprise
12.9 Broadcast/CATV
12.10 Others
13. Fiber Optic/Optical Fiber Connector Market - By Geography (Market Size -$Million/Billion)
13.1 North America
13.1.1 U.S
13.1.2 Canada
13.1.3 Mexico
13.2 South America
13.2.1 Brazil
13.2.2 Argentina
13.2.3 Chile
13.2.4 Colombia
13.2.5 Others
13.3 Europe
13.3.1 Germany
13.3.2 France
13.3.3 UK
13.3.4 Italy
13.3.5 Spain
13.3.6 Russia
13.3.7 Netherlands
13.3.8 Others
13.4 APAC
13.4.1 China
13.4.2 Japan
13.4.3 South Korea
13.4.4 India
13.4.5 Australia
13.4.6 Indonesia
13.4.7 Malaysia
13.4.8 Others
13.5 RoW
13.5.1 Middle East
13.5.2 Africa
14. Fiber Optic/Optical Fiber Connector Market - Market Entropy
14.1 New product launches
14.2 M&A's, collaborations, JVs and partnerships
15. Fiber Optic/Optical Fiber Connector Market – Industry Competitive Landscape (Premium)
15.1 Market Share – Global
15.2 Market Share by Region
15.3 Market Share By Industry Vertical
15.4 Market Share By Type
16. Fiber Optic/Optical Fiber Connector Market – Key Company List by Country Premium (Premium)
17. Fiber Optic/Optical Fiber Connector Market - Company Analysis
17.1 Company 1
17.2 Company 2
17.3 Company 3
17.4 Company 4
17.5 Company 5
17.6 Company 6
17.7 Company 7
17.8 Company 8
17.9 Company 9
17.10 Company 10