According to ElectroniCast, the
worldwide fiber optic connector & mechanical splice consumption value reached $4.5 billion in 2022…
May 2023 -- ElectroniCast
Consultants, a leading market & technology forecast consultancy addressing
the fiber optics communications industry, today announced the release of their market
forecast and analysis of the use of fiber optic connectors and
mechanical splices in communication applications.
10-Year Market Forecast - The global fiber optic connector and
mechanical splice consumption value reached an estimated $4.506 billion in 2022.
The consumption is forecast to increase with moderate to mature rising quantity
growth slightly offset by declining average selling prices. In the year 2027, the worldwide consumption
value is forecast to reach $5.357 billion, and then forecasted to increase to nearly
$5.92 billion in the year 2032. Note: Market forecast data in this study refers
to consumption (use) for a particular calendar year; therefore, this data is
not cumulative data.
Pushed by the use
of multimode connectors in private data networks, the American region was the
leader in global consumption value last year (2022); however, both the EMEA and
the APAC regions are forecast to achieve faster annual growth versus the
American region, during the next decade.
Fiber optic
connector use (value) in the Telecommunications application is forecast to
increase at an annual growth rate of 4.02 percent (2022-2027), 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 connectors
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 exact 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 joining fibers become more
critical. Splicing and connecting, play a significant role in a network’s cost
and performance.
There are over 150 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.
CONTACT: Stephen Montgomery -- montgomery@electronicast.com
