Expanded Beam Cable Market Size to Garner USD 6,357.7 MN by 2030
Expanded Beam Cable Market Insights
The Expanded Beam Cable Market is likely to grow at a significant rate due to vast advances in fiber optic technology. Besides, the extensive adoption of fiber optic cables and assemblies by leading space research laboratories would substantiate the market growth. Also, the growing demand for high-speed internet connectivity and increased data transmission rate defines the growing market landscape.
Moreover, the constantly increasing demand for higher data rates, expanded bandwidth, and higher densities accelerate market shares. With the burgeoning telecom industry worldwide creating vast demand for expanded beam cables, MRFR expects the global expanded beam cable market to reach a valuation of USD 6,357.7 MN by 2030, with a 23.7% CAGR throughout the review period (2022–2030).
The growing uptake of fiber optic cables and expanded beam controllers in rapidly growing industries such as military, communications, oil & gas, robotics, medical, and energy & power boost the market size. Substantial investments by some major market players in developing highly configurable cable management solutions escalate the expanded beam cable market value.
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Major Players
Active market players are
- Harting Technology Group,
- Smiths Interconnects (Smith Group Plc),
- TE Connectivity Ltd.,
- X-Beam Tech,
- Tech Optics,
- Neutrik,
- Warren & Brown Networks,
- Foss Fiberoptics, Radiall,
- Bel Fuse Inc.,
- 3M Company,
- Molex LLC,
- Sumitomo Electric Industries Ltd.,
- Amphenol Corporation,
- ODU GmbH & Co. KG,
- Glenair, Cotsworks, Inc., and
- STRAN Technologies, among others.
Global Expanded Beam Cable Market – Segments
The market report is segmented into lens sizes, technologies, connector types, single vs. multi-channel connectors, applications, and regions. The lens size segment is sub-segmented into 0.8 mm, 1.25 mm, 2.0 mm, 2.5 mm, 3.0 mm, and more. The technology segment is sub-segmented into single-mode, multi-mode, and hybrid. Similarly, the connector type segment is sub-segmented into single-channel and multi-channel beam connectors.
The single vs. multi-channel connector segment is sub-segmented into rack & panel, in-line circular, quick-disconnect, panel mount connectors, and others. The application segment is sub-segmented into O&G, military communications, medical, robotics, energy & power, broadcast systems, manufacturing & industrial, geophysical exploration, military/ commercial aerospace, marine operations, and others. By region, the expanded beam cable market is segmented into the Asia-Pacific, Americas, MEA, Europe, and the rest of the world.
Expanded Beam Cable Market – Geographical Analysis
North America dominates the global expanded beam cable market, witnessing huge demand for improved bandwidth. Besides, the rising use of expanded beam cables by the US federal government in civil space programs and aeronautics & space research boosts the market size. Simultaneously, the increasing adoption of these cables in broadcast systems, geophysical exploration activities, and manufacturing & industrial sectors define the growing market landscape.
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Global Expanded Beam Cable Market – Competitive Landscape
Fiercely competitive, the expanded beam cable market appears fragmented due to the presence of various notable players. These players focus on product development and initiate strategies, such as mergers & acquisitions, collaboration, expansion, and product launches. They make substantial investments to drive R&D to develop required technologies and expand.
Industry/ Innovation/ Related News
Mar.09, 2022 -- Neutrik Americas launched a fiber optic connection system, FIBERFOX, for applications in harsh environments. FIBERFOX expanded beam fiber optic connector is designed to meet the MIL-DTL-83526 military specifications requirements. The new fiber optic connection system utilizes a lens to expand and accurately align the light emitting from an optical fiber.
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