The MPO fiber optic connector industry is projected to experience growth in the future, owing to deployment of 5G technology. Fiber optic cables have been used for a long time in military applications for data transferring, telecommunication systems, and a variety of other deployments. Expansion in the adoption of electronic devices, such as smartphones and tablets, is one of the driving factors expected to fuel the market growth. Growing adoption of 4G LTE network systems will present the market with prospects in future. Further, rising awareness regarding the benefits of technology is increasing the market share.
MPO fiber optic connectors are fiber connectors that have multiple optical fibers, which help in connecting the fiber with minimum loss of light. They are used for mechanical connection and alignment of core fibers. Increasing demand from the telecommunication sector is expected to foster the product demand. The market is set to evolve, owing to tremendous growth due to partnerships and mergers by the market players.
According to Business Research Insights, the global MPO Fiber Optic Connector market size was valued at USD 468.9 million in 2020 and is expected to reach a valuation of USD 1006.7 million by 2026 with a CAGR of 13.6% during 2022-2026. The market has leading players such as T&S Communications, Senko, US Conec, Amphenol, Suzhou Agix, Sumitomo Electric, Molex, Nissin Kasei, Panduit, JINTONGLI, TFC, AVIC JONHON, Optical Cable Corporation, and Longxing.
Shortage in Semiconductor Chipset to Affect Market Progress During COVID-19
The COVID-19 pandemic enforced many limitations on global markets. The pandemic obstructed the production activities, demand, and supply chains. Manufacturers of optic fiber connectors halted their production due to cessation of activities in the semiconductor industry. Supply chain activities of such companies affected the product. The market had a positive growth post pandemic, owing to surge in investments in network infrastructures for higher bandwidth connectivity in developing countries, which supported the MPO fiber optic connector industry.
Business Research Insights Reports Top 5 MPO Fiber Optic Connector Companies
1. T&S Communications (China)
Established in 2000, T&S Communications is located in Shenzhen, China and is one of the leading players in optical communication products. It specializes in manufacturing, developing, and markets a range of optical communication products. The products include high density pre-terminated cable assemblies, WDM, connectivity accessories, PLC splitter, PLC splitter chip & wafer, FBT coupler, and other products. The products are widely used in the optical fiber-to-the-home optical communication data centers and networks.
2. US Conec (U.S.)
US Conec is one of the prominent manufactures that provides passive components for high density optical interconnects. The company was founded in 1992 with the intention to expand the use of MT style multifiber technology through design and sale of high precision fiber optic components. US Conec has a number of brands under its umbrella that delivers cost-effective technology for data centers and enterprise structured cabling, circuit board interconnect, industry and military markets globally, and public networks.
3. Amphenol (U.S.)
Amphenol Corporation is one of the major producers of fiber optic and electronic connectors and cable & interconnect systems. The company is located in Wallingford, Connecticut. It offers products to a diverse set of industries such as automotive, military-aerospace, mobile phones, broadband, industrial, automotive, wireless infrastructure, and many more. It was started in 1993 to specialize in fabrication and manufacturing of fiber optic connectivity products and systems and now operates in more than 60 countries.
4. Molex LLC (U.S.)
Molex LLC is a manufacturer of electrical, fiber optic connectivity, and electronic systems. The company offers its products across various industries such as medical, automotive, industrial, and consumer electronics. It is known for its original connector, known as Molex connector that has a universal adoption in personal computing.
5. Optical Cable Corporation (U.S.)
Optical Cable Corporation (OCC) is a U.S.-based manufacturer of fiber optical cable. The company is largely used for telecommunications and its product is sold in over 70 countries. OCC manufactures military land tactical fiber optic cable for the U.S. military. It has subsidiaries such as Applied Optical Systems, Inc., SMP Data Communications Inc., and Centric Solutions LLC.
Growing Demand for High Bandwidth to Create Strong Market Progress
The growth of the market is expected to flourish, owing to high demand for high bandwidth. The need for high bandwidth is growing due to expansion of the internet as it is being used in gaming, video streaming, and other entertainment sources. The trend to rely on such networks for streaming is expected to create growth for the market. Constant trend for higher bandwidth services is expected to create demand for MPO fiber optic connectors.