According to ElectroniCast, the worldwide fiber optic connector & mechanical splice consumption value reached $4.18 billion in 2020…
May 9, 2021 -- ElectroniCast Consultants (founded in 1981), a leading market & technology forecast consultancy addressing the fiber optics communications industry, today announced the release of its market forecast and analysis of the use of fiber optic connectors and mechanical splices in communication applications.
Pushed by the use of multimode connectors in private data networks, the American region was the leader in global consumption value last year (2020); however, both the EMEA and the APAC regions are forecast to achieve faster annual growth versus the American region, during the next decade.
Because of the impact on production, supply, decreases in sales, slowdowns in marketing, shipment and implementation (and other) caused by the negative effects of the coronavirus (COVID-19), the consultancy estimated a slowdown in consumption in 2020; however, driven by the immediate need to expand bandwidth in multiple applications, they are forecasting an increasingly positive recovery.
Fiber optic
connector use (value) in the Telecommunications application is forecast to
increase at an annual growth rate of 6.6 percent (2020-2025), driven by access network
fiber deployment (FTTx) and wireless/mobile backbone infrastructure, such as 5G;
and then the annual growth rate is set to increase at a slower pace during the
2nd-half at the forecast period. Fiber-to-the x (FTTx) is a generic
term for any broadband network architecture using optical fiber to provide all
or part of the local loop used for last-mile telecommunications.
Fiber optic connector and mechanical splice units are also used in a variety of Military/ Aerospace applications requiring rigorous testing and harsh environment fiber optic certification to ensure reliability and performance in the field. Fiber optic technology is used for a wide variety of air, sea, ground, and space applications. Connectors with polarization keys and keyways must be manufactured to exacting tolerances to reduce radial misalignment and insertion loss. In addition to telecommunications, cable TV, and private data networks, fiber optic connectors are used in specialty industrial applications, such as medical/science, automotive, oil/gas, underwater, industrial, sensors and other user groups.
The global fiber optic connector consumption is driven by the continued increase in bandwidth demand beyond the limits of copper. As optical fiber use migrates closer and closer to the end-user, where cable lengths are shorter with higher fiber counts, the requirements for jointing fibers become more critical. Splicing and connecting, play a significant role in a network’s cost and performance.
There are over 120 vendors competing for the global fiber optic
connector/mechanical splice market, which ElectroniCast tracks, using a product
matrix showing vendor participation in several fiber optic interconnect product
segments.
This market forecast report is available immediately from ElectroniCast or authorized agents worldwide. For detailed information on this or other services provided by ElectroniCast, please contact us at our website.
Founded in 1981, ElectroniCast – www.electronicast.com specializes in
forecasting trends in technology forecasting, markets and applications
forecasting, strategic planning and consulting. ElectroniCast Consultants, as a
technology-based independent forecasting firm, serves industrial companies,
trade associations, government agencies, communication and data network
companies, and the financial community. Reduction
of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand
the challenges and opportunities facing clients and to provide timely, accurate
information for strategic planning.
[1] All values and
prices in this report are at factory as-shipped levels, and are in current
dollars, which include the effect of a forecasted 5 percent annual inflation
rate over the forecast period.
