Expanded Beam Cable Market

Expanded Beam Cable Market Overview

The global expanded beam cable market is expected to witness substantial growth during the forecast period, primarily due to increasing demand in mission-critical applications. As per MRFR, the global Expanded Beam Cable market has been growing at a significant rate from the past few years and is expected to reach USD 6,357.7 million by 2030, at a CAGR of 23.7% during the forecast period, 2022–2030.

The global expanded beam cables market has been segmented into lens size, technology, connector type, single vs multi-channel connector, application, and region. Based on lens size, the global expanded beam cables is segmented into 0.8 mm, 1.25 mm, 2.0 mm, 2.5 mm, 3.0 mm and others. Based on technology, the global expanded beam cables is segmented into single mode, multi-mode, and hybrid. based on connector type. Based on connector type the global expanded beam cables is segmented into single channel expanded beam connector and multi-channel beam connector.

Based on single vs multi-channel connector, the global expanded beam cables is segmented into rack & panel, panel mount connectors, in-line circular, quick-disconnect and others. Based on application, the global expanded beam cables is segmented into military communications, oil & gas, medical, robotics, energy & power, broadcast systems, manufacturing & industrial, geophysical exploration, marine operations, military/ aerospace, and others. Military/Aerospace is further divided into commercial aerospace and space flight. Based on region, the global expanded beam cables is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

Covid-19 Analysis

The world was in the midst of an economic catastrophe brought on by the COVID-19 epidemic. The pandemic had slowed the growth pace of the semiconductor industry particularly in 2020 and 2021. Most of the major demand-generating sectors were non-operational in various countries which has hampered the growth of expanded beam cable market.

Due to major lockdowns imposed by the governing authorities, the supply chain for expanded beam cable/connector was disrupted. The scarcity of raw materials to produce expanded beam cables impacted on the pricing strategies adopted by the manufacturers. Additionally, in the absence of large workforce, the production of expanded beam cable was largely hampered. Also, the transportation of finished product was carried out at slower pace causing major delays in the delivery, thereby blocking the inventory as well as cash inflow for longer periods.

Expanded Beam Cable Market Dynamics

The growth of the Expanded Beam Cable market is driven by various factors, such as increasing demand in mission-critical applications. However, the growth of the global market likely to be hindered due to high manufacturing and implementation costs.

Market Drivers

• INCREASING DEMAND IN MISSION-CRITICAL APPLICATIONS

Fibre optics technology has paved its way to almost every industrial sector. The industries such as defense & military, aerospace, geophysics, etc. widely deploy fibre optics in their applications. All these industries are known for their mission-critical applications such as Military Communications, Oil & Gas, Medical, Robotics, Energy & Power, Broadcast Systems, Manufacturing and Industrial, Geophysical Exploration, Marine Operations, Military/ Aerospace etc. that are exposed to harsh environments. 

As a result, the fibre optic cables and fibre optic connectors are also subject to environmental factors such as dust, dirt, moisture, high temperatures, oil, water, and even chemicals. Nevertheless, in these industrial applications, the use of fibre optic cables and connectors is unavoidable. Therefore, the expanded beam fibre optic connectors are designed and developed specifically for fibre-based applications under harsh environments. Hence, increasing demand in mission-critical applications drives the demand for expanded beam cables market.

MARKET RESTRAINTS

• HIGH MANUFACTURING AND IMPLEMENTATION COSTS

The implementation of expanded beam cables/connectors is considerably expensive as it includes high manufacturing and high implementation cost of expanded beam cables. High cost related to manufacturing is acting as a major challenge towards hampering the market growth of expanded beam cables over the forecast period. In addition, manufacturing costs of these expanded beam cables are comparatively higher due to usage of high-quality components to safeguard from harsh environment, thus adversely impacting its market growth. Further, the requirement of safety gears for installation in critical spots such as Oceans increases the installation cost. Thus, high-cost involvement in expanded beam cable hinders the market growth.

MARKET OPPORTUNITY

• GROWING POTENTIAL FOR NEW APPLICATIONS THROUGH EXPANDED BEAM OPTICAL

In this era the growing potential for new applications through expanded beam optical (EBO) is gaining momentum. For instance, complex backplane cabling is currently the focus of applications. Also the increase in IoT applications with correspondingly powerful networks, for example in building cabling, is also a driver for the use of the EBO technology. Since the EBO technology excels particularly in challenging environments, new applications are already starting to emerge. Further, It is less sensitive to vibrations and dust than other connector concepts. For instance, it is ideally suited for the use of edge computing and 5G in commercial production. 

Only fibre optics can provide the long-term high bandwidths and low latencies in the backbone required for Industry 4.0. Thus, the expanded beam market is expected to grow. It's also important to mention the 5G networks themselves, where FTTA (Fibre to the Antenna) is required. Strong networks with increasing bandwidths are also needed for mobile applications, like those on trains and in aeroplanes, which experience significant vibrations while in use. According to each customer's specific needs, the players in EBO market develops suitable connector systems for these applications in collaboration with them.

Expanded Beam Cable Market Segmentation

The global expanded beam cable market has been segmented into lens size, technology, connector type, single vs multi-channel connector, and application.

Based on lens size, the global Expanded Beam Cable Market is segmented into 0.8 mm, 1.25 mm, 2.0 mm, 2.5 mm, 3.0 mm and others.

Based on technology, the global Expanded Beam Cable Market is segmented into single mode, multi-mode, and hybrid.

Based on connector type the global Expanded Beam Cable Market is segmented into single channel expanded beam connector and multi-channel beam connector.

Based on single vs multi-channel connector, the global Expanded Beam Cable Market is segmented into rack & panel, panel mount connectors, in-line circular, quick-disconnect and others.

Based on application, the global expanded beam cable market is segmented into military communications, oil & gas, medical, robotics, energy & power, broadcast systems, manufacturing & industrial, geophysical exploration, marine operations, military/ aerospace, and others. Military/Aerospace is further divided into commercial aerospace and space flight.

Regional Analysis

Geographically, the global expanded beam cable market has been segmented into North America, Europe, the Middle East & Africa, and South America.

North America is likely to lead the expanded beam cable market. The players present in North America are one of the top players in the world. North America accounted for the largest market share of XX% in 2021, with a market value of USD XXX million; the market is expected to register a CAGR of XX% during the forecast period. 

Europe was the second-largest market in 2021, valued at USD XXX million; the market is projected to exhibit a CAGR of XX%. However, the Expanded Beam Cable Market in Asia-Pacific is expected to register the highest CAGR of XX%.

Competitive Landscape

The global Expanded Beam Cable Market for expanded beam cable has witnessed significant growth over the forecast period due to the growing demand for mission critical application. There are several domestic, regional, and global players operating in the expanded beam cable market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the global expanded beam market who have contributed to the market growth. 

These include Optical Cable Corporation, 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., and STRAN Technologies. These players focus on innovation and thus, invest in research & development to present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

Recent Developments

• In November 2021, Tech Optics had invested 18 million USD in a new manufacturing plant for microducts in the south-east USA, via the wholly owned subsidiary Blue Diamond Industries.
• In February 2021, Smith Group had acquired Royal metal products the acquisition helped the company to expand into the pathogen detection market in the US.
• In January 2021, Bel Fuse Inc had acquired RMS connectors. With this acquisition, Bel Fuse Inc aims to expand its offering of Mil-Spec qualified connectors, including the addition of the MIL-DTL-83723 Series III connector family.

Report Overview

This study estimates revenue growth at global, regional, and country levels and offers an overview of the latest developments in each of the sub-sectors from 2018 to 2030. For this analysis, MRFR segmented the global expanded beam cable market has been segmented based on lens size, technology, connector type, single vs multi-channel connector, and application.

Expanded Beam Cable Lens Size Outlook

• 8 mm
• 25 mm
• 0 mm
• 5 mm
• 0 mm
• Others

Expanded Beam Cable Technology Outlook

• Single Mode
• Multi-Mode
• Hybrid

Expanded Beam Cable Connector Type Outlook

• Single Channel Expanded Beam Connector
• Multi-Channel Beam Connector

Expanded Beam Cable Single vs Multi-Channel Connector Outlook

• Rack & Panel

• Panel Mount Connectors

• In-Line Circular
• Quick-Disconnect
• Others

Expanded Beam Cable Application Outlook

• Military Communications
• Oil & Gas
• Medical
• Robotics
• Energy & Power
• Broadcast Systems
• Manufacturing & Industrial
• Geophysical Exploration
• Marine Operations
• Military/ Aerospace
  • Commercial aerospace
  • Space flight
• Others