Expanded Beam Cable Market Analysis
The global Expanded Beam Cable Market will reach USD 6,357.7 million at a whopping 23.7% CAGR by 2030, in accordance to the Market Research Future report.
Key Players
Eminent market players profiled in the global expanded beam cable market report include –
- TE CONNECTIVITY LTD.
- Harting Technology Group
- Smiths Interconnects (Smith Group Plc)
- Neutrik
- Tech Optics
- X-Beam Tech
- Warren & Brown Networks
- Radiall
- Bel Fuse Inc.
- Foss Fiberoptics
- 3M Company
- Sumitomo Electric Industries Ltd.
- Molex LLC
- Amphenol Corporation
- Glenair
- ODU GmbH & Co. KG
- COTSWORKS, INC.
- STRAN Technologies.
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Report Scope:
Report Attribute/Metric | Details |
Market Size in 2030 | USD 6,357.7 Million |
Growth rate: | CAGR of 23.7%from 2022 to 2030 |
Forecast Period | 2020-2030 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Market USP Covered
Drivers
Use of Optical Fiber in Harsh Environments to Boost Market Growth
Active optical cable provides light weight enabling dense fiber that runs with minimal support and thin fiber cable that allows for optimum air flow cooling. These reasons are likely to greatly outstrip the overall growth of active optical cable and assembly sales.
Opportunities
Requirement for Extended Beam Connector in Clinical Application to offer Robust Opportunities
The market for expanded beam connectors is also being driven by the requirement for fiber optic connectors that can withstand bacteria, fluids, and other pollutants in medical environments. Extended beam connectors are becoming increasingly important in clinical applications because they can endure thousands of mating cycles.
Restraints and Challenges
High Manufacturing Cost to act as Market Restraint
High implementation and high manufacturing costs may act as market restraints over the forecast period. Besides, the large size of the extended beam connectors as well as limited wavelength support may impede market growth over the forecast period.
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Market Segmentation
The global expanded beam cable market is bifurcated based on application, single Vs. multi-channel connector, connector type, technology, and lens size.
By lens size, 2.0 mm will lead the market over the forecast period.
By technology, the expanded beam cable market is segmented into hybrid, multi-mode, and single mode.
By connector type, the expanded beam cable market is segmented into multi-channel beam connector and single channel expanded beam connector.
By single vs. multi-channel connector, in-line circular will dominate the market over the forecast period.
By application, military communications will spearhead the market over the forecast period.
COVID-19 Analysis
The world was within the grip of an economic disaster caused by the COVID-19 outbreak. The pandemic has hampered the semiconductor industry’s growth rate, particularly in 2020 and 2021. The majority of the primary demand-generating industries were non-operational in various countries, stifling the expansion of the expanded beam cable industry. The supply chain for expanded beam cable/connector was affected due to major lockdowns imposed by the governing authorities. The paucity of raw materials used to build expanded beam cables influenced the price methods used by manufacturers. Furthermore, the manufacture of expanded beam cable was greatly hampered due to a lack of a big workforce. Furthermore, finished product transportation was carried out at a slower rate, resulting in significant delays in delivery, consequently blocking inventories as well as cash inflow for longer durations.
Regional Analysis
North America to Lead Expanded Beam Cable Market
With a market value of USD 432.5 million in 2021, North America accounted for the largest market share of 48%; it is predicted to exhibit the highest CAGR of 21.5% during the forecast period. North America dominated the expanded beam cable market in 2021, and this dominance is likely to continue during the forecast period, 2022-2030. Because of the expanding usage of the technology in communication and data transmission services, the United States control a sizable part of the North American expanded beam cable industry. As US citizens are advised to stay at home and most companies’ workforces are relocating, the increase in consumer demand for high-speed internet has led wireless carriers and cable providers to provide customers with greater speed and reliability as they invest in improving their digital infrastructures, which is expected to support the expanded beam cable market performance in the US region. Canada is the fastest-developing country in terms of CAGR during the forecast period, accounting for the second largest market share in the region, owing to increased demand for expanded beam cables in various end-use verticals such as telecommunications, private data networks, and high-speed internet. The Canadian government’s partnership programs, which aim to bring high-speed internet access to underserved rural areas and enable internet connectivity across institutions such as schools, medical centers, fire halls, indigenous resource centers, and countless businesses, are supporting market growth. This is projected to increase the market for expanded beam cables in this region.
