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.[1] 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.
[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.
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