Aptos, CA, January 23, 2018 --(PR.com
)-- ElectroniCast Consultants, a leading market research & technology forecast consultancy addressing the fiber optics communications industry, today announced the release of a new market forecast of the global consumption of fiber optic circulators in optical communications.
According to the study report, the worldwide use of fiber optic circulators is expected to reach $264.4 million this year (2017). The fiber optic circulator market is quantified by the following port-count configurations: 3-Ports, 4-Ports, and more than 4-Ports (> 4 - Ports). The 3-Port fiber optic circulator component category has 84% share of the market in 2017.
The fastest annual growth of the worldwide consumption value of fiber optic circulators will be in the Private Network application with expanding Data Centers (increasing at a factor of 3x); however, the Telecommunications application is set to maintain its dominant market share lead throughout the forecast period, with the Cable TV optical fiber structure maintaining the position of second-place. Specialty applications (R&D laboratory, medical, sensors, test equipment, oil/gas, other) currently have a 5.3% relative market share.
“The deployment of optical fiber in the metro/access, the continuing demand for upgrading networks to accommodate rapidly increasing bandwidth requirements, plus the need for additional monitoring and testing of the optical fiber networks will drive the steady consumption of fiber optic circulators,” said Stephen Montgomery, principal analyst of the fiber optic component group at ElectroniCast Consultants.
The Asia Pacific region (APAC) is the current leader, in terms of relative market share, with the consumption value of fiber optic circulators expected to reach $132.3 million in 2017, driven by Telecommunications application and followed by the Cable TV and the Specialty applications.