• July 20, 2024

Expanded Beam Fiber Optic Connectors Market Report Focus On Landscape | Current And Future Development 2023-2030

The global expanded beam fiber optic connectors market size was worth around USD 1784.52 million in 2022 and is predicted to grow to around USD 4123.65 million by 2030 with a compound annual growth rate (CAGR) of roughly 11.23% between 2023 and 2030.

Expanded beam fiber optic connections are among the connectors that can establish coupling without a physical connection between two connectors. Since traditional fiber connectors, such as those made by fusion splicing, index matching gel, epoxy/polish, and other methods, require physical alignment in order to conduct signal transfer, they are sometimes referred to as physical contact connectors.

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Market Overview for Expanded Beam Fiber Optic Connectors

Expanded beam fiber optic connectors, on the other hand, allow contactless fiber core mating. It indicates that light signals are expanded and collimated by lenses when they pass through a tiny space between the connectors. The light signals flow parallel to one another once they are transferred from a smaller, to a larger diameter fiber core. Under the right circumstances, the enlarged beam may occasionally be 150 times larger than the original fiber core. To get the light signal back to the small core diameter, a second lens is employed to refocus it into the connecting fiber.

Crucial Notes:

• The global expanded beam fiber optic connectors market is anticipated to rise at a compound annual growth rate (CAGR) of approximately 11.23% during the forecast period of 2023–2030, according to the data supplied by our research analyst.

• The global market for expanded beam fiber optic connections was estimated to be worth USD 1784.52 million in 2022 and is expected to reach USD 4123.65 million by 2030, according to revenue projections.

• A notable growth rate is anticipated for the expanded beam fiber optic connectors market as a result of the expanding offshore activities in the oil and gas industry.

➤ Expanding offshore operations in the oil and gas industry to propel market expansion

The rising offshore activities in the oil and gas industry are predicted to fuel growth in the global expanded beam fiber optic connectors market. Because expanded beam fiber optic connections are made expressly to withstand the kind of extreme environmental circumstances that other types of fiber optic connectors would not be able to, they are widely employed in hostile settings. Because they can live in dirt, dampness, or dust with ease, they are unaffected by pollutants. In contrast to physical connectors, they continue to function even in cases of modest misalignment between the connectors since they pair using an expanded beam approach. Globally, there has been an increase in offshore activities, which has led to a rise in demand for expanded beam fiber optic connectors that are efficient.

➤ Restricted support for specific wavelengths and high insertion loss will limit market expansion

Like any other fiber system, expanded beam fiber optic connectors can experience insertion loss. This number represents the optical power lost during the transmission of a light signal from one location to another. The enlarged beam variant’s problem, nevertheless, stems from its higher rate of insertion loss as compared to fiber optic connectors that are utilized more traditionally. For example, the insertion loss of a conventional Lucent Connector (LC) is around 0.15 db. However, the loss could be nearly 2 dB when using expanded beam fiber optic connectors. In addition, since the enlarged beam version utilizes lenses, there might be restrictions on the wavelengths that are supported. It is not advised to utilize these fiber optic connectors for wavelength division multiplexing (WDM) applications primarily for this reason. These characteristics might have an effect on the expanding beam fiber optic connectors market trend.

➤ aggressively releasing cutting-edge expanded beam fiber optic connections to open up new growth opportunities

The global extended beam fiber optic connectors market participants have concentrated on research and innovation, resulting in the launch of various new products with higher performance indexes, because these fiber optic connections have extensive use in multiple end-user verticals. For example, Neutrik, a well-known producer of connectors and audio outlets, announced the introduction of FIBERFOX Expanded Beam Fiber Optic Connectors in September 2022. These items can resist exceptionally hostile situations and are compatible with all MIL-DTL-83526 connectors used by the military. Furthermore, FIBERFOX makes integration with information technology (IT) systems incredibly simple. When 3M introduced the 3MTM Expanded Beam Ferrule and Connector System in 2019 with an eye on next-generation data centers, the business took a similar action.

➤ Cost issues and interoperability issues are limiting market expansion.

Expanded beam fiber optic connectors are more expensive to manufacture than connectors that are used more traditionally. The technology employed to enable the connectors’ functionality has an impact on the cost. Furthermore, interpolation has significant difficulties since expanding beam fiber optic connectors and aligning current systems can be laborious, creating further difficulties for the worldwide market.

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The Global Expanded Beam Fiber Optic Connectors Market is segmented based on product, application and region

Global Expanded Beam Fiber Optic Connectors Market: Product Segment Analysis

● Single-mode

● Multimode

Global Expanded Beam Fiber Optic Connectors Market: Application Segment Analysis

● Telecommunications

● Industrial

● Healthcare

● Data Centers

● Aerospace & Defense

● Others

The global expanded beam fiber optic connectors market is led by players like:

● TE Connectivity

● Radiall

● Fiber Systems International

● Amphenol

● Glenair Inc.

● Diamond SA

● Phoenix Contact

● Molex

● Fischer Connectors

● Rosenberger

➤ China and Japan will fuel growth in the Asia-Pacific region

Given that Asia-Pacific is home to two of the biggest fiber optic markets and consumers worldwide, the region is predicted to experience the strongest growth in the expanded beam fiber optic connectors market. Expanded beam fiber optic connections are mass-produced in China and Japan. They have a lot of home applications as well. Regarding the use and manufacturing of fiber optics, South Korea is among the top countries. During the projection period, growing needs in the military and aerospace sector may result in additional demand. China’s defense budget was said to have climbed by 7.2% in March 2023. It is estimated that it spends $300 billion USD annually on defense and the armed forces.

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Because of the abundance of participants in the market and the increase in foreign investments, North America is a regional market for the expanded beam fiber optic connectors industry. It is anticipated that the US government would install about 30 gigawatts of offshore wind capacity for the fiscal year 2024. By 2030, the nation hopes to have accomplished this aim. In 2021, offshore gas production in the Gulf of Mexico accounted for almost 15% of the US crude oil production.

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