MPO FIBER OPTIC CONNECTOR MARKET REPORT OVERVIEW
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The global MPO fiber optic connector market size was USD 664.1 million in 2021 and is expected to reach USD 2256.4 million in 2031, exhibiting a CAGR of 13.0% during the forecast period.
The sudden rise in CAGR is attributable to the MPO fiber optic connector market growth and demand returning to pre-pandemic levels once the pandemic is over. The COVID-19 pandemic has adversely affected several markets globally. This market is expected to be negatively affected during the COVID-19 pandemic. MPO fiber optic connectors connect fiber optic lines with the least amount of light loss possible. They are utilized for mechanical connecting and aligning core fibers. They allow for efficient light transfer while maintaining high reliability, low insertion loss, and high return loss. Fiber cable connectors with multiple optical fibers are known as MPO connectors. The expanding adoption of mobile devices such as smartphones and tablets and the growing adoption of 4G LTE network systems present tremendous prospects for the MPO fiber cable connector industry.
Demand for fiber optic cable is expected to increase as 5G technology is deployed. Fiber optic cables have long been utilized in military data transfer and telecommunication systems and a variety of specialty deployments. Therefore, fiber optic connection manufacturers are developing an inquisitive bent toward applications and relatively new industries. These factors are likely to propel the growth of the MPO fiber optic connector industry.
COVID-19 Impact: Semiconductor Chipset Shortage and Lockdown Restrictions to Impede Market Progress
The disease has spread to nearly every country on the planet, prompting the WHO to declare it a public health emergency. The global effects of the coronavirus illness are already being felt, and the MPO fiber optic connector market will be considerably impacted in 2020. COVID-19 has three primary effects on the global economy: it directly affects production and demand, disrupts supply chains and markets, and has a financial impact on enterprises and financial markets. For example, Wuhan, home of Fiberhome, YOFC, and Accelink, among other enterprises, has the highest concentration of fiber optics supply chain companies of global optical fiber production capacity.
"Increasing Adoption in Consumer Electronics to Foster Market Growth"
The MPO fiber optic connector market is expected to grow in the future due to an increase in consumer electronics. The growing popularity of consumer devices is driving demand for speedier network solutions. Fiber optic cable can be used to create speedier networks. Fiber cable connectors are becoming increasingly important in various end-use industries, including automotive, IT & telecom, and consumer electronics, due to the advancements in fiber optic technology. The research and development, creative activities in fiber optic connection technology, and higher government investment in sectors are expected to provide new avenues for the MPO fiber optic connectors market.
Moreover, the rising smartphone market will necessitate adequate network coverage and speed. The MPO fiber optic connector industry is being driven by the rising demand for fiber optic cables in data centers for applications such as video, cloud computing, virtualization, and inter-building, telecommunication, community antenna television, and security systems.
MPO FIBER OPTIC CONNECTOR MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into single-mode and multi-mode.
The multi-mode is the leading segment because of its ability to receive and transmit bidirectional data. It is required in the telecom business and server maintenance. These factors are likely to boost the MOP fiber optic connector market.
- By Application Analysis
Based on applications, the market is classified into data centers, telecommunications, military/aerospace, and others.
The data center segment is expected to hold the largest market share. The continued acceptance of cloud storage, technological breakthroughs in machine learning, artificial intelligence, and deep learning can be linked to the segment's rise. Therefore, data traffic across networks increases, resulting in a large increase in demand for high data centers required for effective data transfer.
"Increasing Demand from Telecommunication Sector to Foster Market Growth"
Telecommunication is the largest end-use industry for fiber optics as it is the primary medium for data transfer from one point to another. The sector is rising due to the increasing use of mobile devices and the associated bandwidth connectivity. The number of linked devices continues to rise as device usage, and connectivity expand. Fiber optic connectors and related components are being deployed rapidly, allowing the telecommunication infrastructure to expand.
The surge in the number of internet users around the world, along with lower data plan rates, has resulted in a significant increase in data usage per person globally. Telecommunication infrastructure is being updated to meet the expanding data needs, and manufacturers are attempting to cater to unique client requirements. To meet this growing demand, private companies are planning to more satellites and antennas.
"Increasing R&D Advancement in IT Industry to Boost Market Growth"
Consistent expenditures in fiber optic cable R&D advancements are helping manufacturers acquire a competitive advantage. The fiber-based connectivity pioneered by the sector is removing difficulties of business interruption created by rapid technological improvements. Tellabs, a global network technology company, situated in Texas, is closely associated with fiber optic R&D advancements that empower users in both private and governmental organizations. Fiber cable connectors eliminate the complexity and costs of traditional network topologies due to the advantages of high bandwidth capacity and longer reach. Therefore, the simplification of fiber optic technology, passive optical LAN topologies improve IT productivity. Users in data centers and the telecom industry favor fiber optic technology because it allows for more flexibility in infrastructure design alternatives. These factors are likely to drive the MPO fiber optic connector market growth.
"High Fiber Costs to Impede Market Progress "
The high costs of fiber optic cable may limit demand in the global market for connectors. MPO fiber optic connectors used in the telecom business have a per-unit cost that often exceeds the benefits provided by these connectors. The utilization of fiber cable connectors between data centers and datacom units is expected to boost the market's growth prospects.
MPO FIBER OPTIC CONNECTOR MARKET REGIONAL INSIGHTS
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"Increasing Home Appliances Sales to Foster Market Growth in Asia-Pacific"
Regionally, the market is clubbed into Europe, North America, Asia-Pacific, South America, and the Middle East & Africa.
North America is projected to dominate the MPO fiber optic connector market share because of significant market players, technical advances, and the rise of telecommunication and data center applications in the region. Robust MDC connectors with simple insertion and field-polarity configurability make next-generation splicing conceivable. Innovative MDC systems that adhere to high-density fiber management in data center environments are offered by companies in the fiber optic connections market. Companies develop various cable and fiber management solutions that incorporate MDC platforms to capitalize on income potential. Due to significant technological breakthroughs and the rise of the U.S. telecom sector, manufacturers are unlocking growth potential in the U.S.
Asia Pacific is the second-largest market shareholder because of the industrial sector’s high penetration rate and the rising IT & telecommunication industry. The increasing adoption of fiber optic technology across various industrial verticals, particularly the telecommunications sector, is expected to drive regional market expansion. China, Japan, India, Australia, and South Korea are the largest fiber optics markets in the region. China is the world's largest manufacturing hub and one of the most populous countries regarding internet usage.
KEY INDUSTRY PLAYERS
"Incorporation of Strategies for Increasing Product's Adoption to Help Companies Grow"
The market is fragmented, and the key competitors use various techniques to strengthen their positions in the market, including expansions, agreements, new product releases, joint ventures, partnerships, and acquisitions. The global market for MPO fiber optic connectors provides a playing field for small and medium-sized market players to experiment with new business strategies. It is expected that small vendors in the global fiber optic connectors market will stick to marketing basics to improve their growth prospects.
List of Market Players Profiled
- T&S Communications (China)
- US Conec (Hickory NC)
- Senko (Japan)
- Amphenol (U.S.)
- Sumitomo Electric (Japan)
- Suzhou Agix (Suzhou)
- Nissin Kasei (Japan)
- Molex (U.S.)
- Panduit (U.S.)
- AVIC JONHON (China)
- Optical Cable Corporation (U.S.)
- TFC (U.S.)
- Longxing (China)
- JINTONGLI (China)
February 2020: Infinera and Lumentum Holdings Inc. (Lumentum) announced a partnership to market XR optics-based networking technologies. XR optics is aimed to disrupt optical networking costs by enabling new transport topologies. It features the industry's first point-to-multipoint coherent optical aggregation technique.
The research examines the most recent developments and the most profitable categories. It goes through the influence of COVID-19, the driving and restraining elements in detail. It keeps track of the important players' strategies and regional trends. It allows readers to learn about the critical methods that promote market growth.
Market Size Value In
US$ 664.1 Million in 2021
Market Size Value By
US$ 2256.4 Million by 2031
CAGR of 13% from 2021 to 2031
Historical Data Available
Type, Application & Region
Frequently Asked Questions
What value is the MPO fiber optic connector market expected to touch by 2031?
The MPO fiber optic connector market is expected to reach USD 2256.4 million by 2031.
What CAGR is the MPO fiber optic connector market expected to exhibit by 2031 ?
The MPO fiber optic connector market exhibits a CAGR of 13.0% during the forecast period.
Which are the driving factors of the MPO fiber optic connector market?
Increasing demand from the telecommunication sector and R&D advancement in IT are the driving factors of this MPO fiber optic connector market.
Which are the top companies operating in the MPO fiber optic connector market?
T&S Communication, US Conec, Siemon, Amphenol, Sumitomo Electric, Suzhou Agix, Nissin Kasei, Molex Panduit, AVIC JONHON, Optical Cable Corporation, TFC, Longxing, JINTONGLI are the top companies operating in the MPO fiber optic connector market.