The worldwide use of micro-optic component optical isolators reached $663 million last year (2020).
January 28, 2021 — 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 micro-optic component optical isolators and fiber optic circulators in optical communications.
According to the study report, the worldwide use of fiber optic circulators reached $292.54 million last year (2020). The fiber optic circulator market is quantified by the following port-count configurations: 3-Ports and 4-Ports. The 3-Port fiber optic circulator component category held the majority share in 2020.
According to ElectroniCast, there was a continued push and strong demand for optical communication links in all regions in the year 2020; therefore, the consultancy estimates that there was a relatively minor impact in consumption of optical component isolators and fiber optic circulators in 2020, due to the COVID-19 pandemic.
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 an average annual growth rate of 12.5%, over the next 5-years; however, the Telecom/ CATV/Multimedia application is set to maintain its dominant market share lead throughout the forecast period.
The Asia Pacific region (APAC) is the leader, in terms of relative market share, with the consumption value of fiber optic circulators in 2020; however, the APAC share percentage (%) is forecast to decrease versus the other regions over the next 5-years.
The worldwide use of micro-optic component optical isolators reached $663 million last year (2020). The component optical isolator market is quantified by the use of inline types with optical fiber pigtails, and package free-space optical isolators.
Optical isolators are designed as compact and lightweight components, which allows easy integration. Optical isolators can also include a larger/more expensive device level product; however, this market analysis and forecast for the micro-optic component level isolators only.
Optical isolators are reliable devices when used in conjunction with fiber optic amplifiers, fiber optic ring lasers, fiber optic communication systems, and high-speed/ DWDM and coherent fiber optic links, laboratory R&D, sensors, gyro-systems, test/instrumentation measurement quality assurance applications in the automation of manufacturing processes, and many other applications
Note: Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
This market forecast report is available immediately from ElectroniCast. For detailed information on this or other services provided by ElectroniCast, please contact Stephen Montgomery at email – firstname.lastname@example.org
ElectroniCast – www.electronicast.com specializes in forecasting trends in communication networks and in the products used in those networks. This includes technology forecasting, markets, and applications forecasting, strategic planning, and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies, and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.