Polarization Maintaining Fiber Market Size, Share, Growth, And Industry Analysis By Type (Panda Fiber, Bow Tie Fiber, Elliptical Fiber, Others) By Application (Fiber Optic Gyroscopes (FOGs), Fiber Optic Sensors and Lasers, Telecom Components, Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Polarization Maintaining Fiber Market Report Overview

• 
• Request a Free Sample to learn more about this report

The global polarization maintaining fiber market size was USD 263.7 million in 2022 and market is projected to touch USD 664.3 million by 2031, at a CAGR of 10.8% during the forecast period.

A single-mode optical fibre called a polarization-maintaining fibre (PMF or PM fibre) allows linearly polarized light to propagate while maintaining its linear polarization, leaving the fibre in a particular state of linear polarization with little to no cross-coupling of optical power between the two polarization modes. This kind of fibre is utilized in unique applications where maintaining polarization is crucial. Advanced communication systems are used by the aerospace industry and military forces to enable efficient and continuous communication between employees at various sites and the base station or ground station. As a result, there is a constant need for high-speed, technologically advanced communication systems in these two sectors. Access to real-time information with little chance of data loss is the main advantage offered by high-speed data transport systems. The aerospace and military fibre optic industry is expanding as a result of this benefit, which have been persuading aircraft makers to choose fibre optic technologies.

The global market for superconductor wires is anticipated to have development prospects as a result of upcoming investments in the energy and power production industries. Due to the temporary reduction in demand for certain items in recent months caused by business closures worldwide.

COVID-19 Impact: COVID-19 Epidemic Is Closing Down Production Facilities And Limiting Market Expansion

However, the COVID-19 epidemic put these nations on the defensive and pushed them to make investments in the creation and acquisition of new military technology in this area. Due to lengthier lockdowns imposed by various governments in their individual nations, the production, manufacture, and supply chain of military and aeronautical equipment completely stopped. As a result, the pandemic had a severe effect on this region's aerospace and military fibre optic business. The aerospace industry and armed forces deploy cutting-edge communication technologies to facilitate effective and continuous contact between staff members at diverse sites and the base station or ground station. As a result, these two industries constantly require high-speed, cutting-edge communication technologies. The fundamental benefit of high-speed data transfer systems is access to real-time information with low risk of data loss. This advantage is driving growth in the aerospace and military fibre optic business and influencing aircraft manufacturers to use fibre optic technology. The COVID-19 pandemic is predicted to have a negative impact on the worldwide Polarization Maintaining Fiber market, which is expected to be valued USD 225.4 million in 2022 and USD 414 million by 2028 after being readjusted, with a CAGR of 10.7% during the forecast period of 2022–2028. Panda Fiber, which accounted for of the Polarization Maintaining Fiber worldwide market in 2021, is projected reach value USD million by 2028, increasing at a revised CAGR from 2022 to 2028. This projection fully takes into consideration the economic shift caused by this health catastrophe. While the CAGR for the Fiber Optic Gyroscopes (FOGs) segment has been adjusted for this projection period.

Latest Trends

"Increasing Use Of Embedded Optical Fibre Propel The Market"

The main factor propelling the market's expansion is the increasing use of embedded optical fibre polarizers in fibre optic measurement and network applications like polarisation control and monitoring, polarisation analysis, polarisation extinction ratio (PER) improvement, and polarisation mode dispersion (PMD) monitoring. During the forecast period, the market's growth is anticipated to be aided by increasing demand for high-speed broadband connectivity and sophisticated sensors, a developing global telecommunications market, a rise in the need for filtered and high-resolution optical signals for mission-critical applications, and rising adoption of optical fibre polarizer in a variety of industries.

Polarization Maintaining Fiber Market Segmentation

• 
• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into Panda Fiber, Bow Tie Fiber, Elliptical Fiber, Others. Panda Fiber is anticipated to be the largest segment.

• By Application Analysis

Based on application, the market can be divided into Fiber Optic Gyroscopes (FOGs), Fiber Optic Sensors and Lasers, Telecom Components, Others. Fiber Optic Gyroscopes will be the dominating segment.

Driving Factors

"Technological Advancements Leading Market Extension"

Due to an increase in traveller volume on certain routes, commercial airlines have chosen to provide long-haul flights. High-speed communication and smooth connectivity are required for long-haul flights. In addition, Ethernet has long been the protocol of choice for network infrastructure for commercial aircraft because of its better performance, dependability, and open standard that is widely acknowledged. The aerospace and military fibre optic market has been growing as a result of numerous aircraft cabling system manufacturers entering the fiber-optic cable business.

Restraining Factors

"High Cost Equipment And Labor Shortage Restricting The Market Growth"

Additionally, the North American aerospace and military fibre optic market's major companies saw their revenues fall as a result of a labor shortage. The market for superconductor wires is expanding, but it is being constrained by the high cost of machinery.

Polarization Maintaining Fiber Market Regional Insights

• 
• Request a Free Sample to learn more about this report

"North America Will Led The Market During Forecast Period "

The market in this area is largely driven by North America, which leads the world in technical breakthroughs and spending on aerospace technology. Additionally, the need for developing tactical data connection systems across the aerospace and military sectors is driving an increase in the utilisation of fibre optics in this region. For instance, the US government spent $716 billion on national security in 2019. This money helped safeguard inter-service communication and military modernisation initiatives. Two-thirds of the 25.5 million flight hours that general aviation aircraft log each year in the US are for commercial flights. Numerous commercial aircraft are being ordered by US and Canadian carriers, including Delta Air Lines, American Airlines, Air Canada, United Airlines, and Southwest Airlines, for delivery between 2021 and 2025. The aerospace and military fibre optic industry is expanding as a result of the rising number of orders for aircraft construction for both commercial and military uses. North America led the market in 2019 and is anticipated to continue to do so with a CAGR of XX% over the course of the projection. The main forces driving this region's market expansion are the US and Canada. The expansion is linked to the region's expanding technological developments in optical fibre polarisation technology.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Corning (U.S.)
• Fujikura (Japan)
• YOFC (China)
• Humanetics (Fibercore) (U.S.)
• Coherent (U.S.)
• Furukawa Electric (OFS) (U.S.)
• Yangtze Optical Electronic (U.S.)
• FiberHome (China)
• iXblue (France)
• NKT Photonics (Denmark)
• TAIHAN Fiberoptic (South Korea)
• Raycus Fiber Laser (Brightcore) (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.