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Fiber optic circulator is a high performance three or four-port optical device that is used to transmit light from one port to another port. This means if the light is traveling from port 1, then it should be emitted from port 2 and if some of the emitted light is reflected back, then it is emitted from port 3 instead of port 1. Fiber optical circulators are used to separate optical signals that travel in opposite directions in an optic fiber in order to complete bidirectional transmission. Optical circulators are also known as non-reciprocal optics, which means when the light travels in the opposite direction, changes in the light properties are not reversed. Fiber optic circulators majorly find application in the healthcare and medical industry, which is expected to drive the market growth over the forecast period.

Factors Driving Growth of the Fiber Optic Circulators Market

Increasing demand from the telecommunication sector is expected to drive the market growth over the forecast period. Fiber optic circulators are highly used in the telecom industry, as optical fiber circulators are the medium for the transmission of a signal from one point to another. This is attributed to the increasing use of mobile devices and high bandwidth connectivity. The number of connected devices is increasing, which is expected to drive the market growth over the forecast period. Moreover, growing internet penetration that has increased data traffic and rising adoption of internet of things (IoT) are also expected to drive the fiber optic circulators market growth over the forecast period. For instance, according to International Energy Agency (IEA), the number of internet users is expected to increase from 3,600 million in 2018 to 5,000 million by 2025. Moreover, the number of internet of things (IoT) connections is expected to increase from 7,500 million in 2018 to over 25,000 million by 2025.

The rapid increase in the deployment of data center solutions is expected to drive the market growth over the forecast period. This is owing to the rising deployment of data centers by major IT companies to manage large amounts of data and integration of cloud services. As most countries are shifting towards on-soil data requirements where customer PII (Personal Identifier Information) data should remain in the country, to meet this requirement, all the IT companies across the globe are setting data centers in every country. Companies are now focusing on developing new methods or techniques to cater to the increasing demand from IT sectors. For instance, Amazon Web Service, Inc. invested US$ 1,500 million to set up two data centers in Hyderabad due to increased demand for cloud services in India. Thus, increasing demand from cloud-based solutions within enterprises increases demand for fiber optic circulators, thereby driving the market growth over the forecast period.

Furthermore, the major factor hindering growth of the fiber optic circulators market is high installation cost. The installation of the entire network is one of the costliest and tedious procedures.

Regional Analysis of Fiber Optic Circulators Market

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to account for the largest market share during the forecast period, owing to the presence of key players in the region such as Ascentta, Inc., Aviation Magneto Optical Sensor Corp., and Boston Applied Technologies Incorporated. Moreover, rising demand for smartphones and internet facilities in the region contributes to increasing adoption of optical fiber circulators for telecommunication applications. For instance, according to Coherent Market Insights’ analysis, the penetration of smartphones reached 73.2% in 2019 from 57.8% in 2015.

Asia Pacific is also expected to witness significant market growth due to the technological advancements and large-scale adoption of IoT technology in IT and telecommunication as well as administrative sector. For instance, according to GSMA (Global System for Mobile Communication), 5G connections are expected to reach US$ 670 million in Asia Pacific by 2025.

Key Development:

In June 2019, Lightel launched its DI-2000 to expand its product series with autofocus features and optional Wi-Fi connectivity. The DI-2000 package consists four UPC tips, free ConnectorView software for image display, auto-centering, image capture, and digital zoom.

Fiber Optic Circulators Market - Impact of Coronavirus (Covid-19) Pandemic

Due to the Covid-19 pandemic, several industries have witnessed a significant shift in terms of security in their business. There has been a positive impact on growth of the fiber optic circulators market. Globally, most of the countries are affected by COVID-19 and most of the countries have announced lockdown. Most of the private companies have announced work from home till the situation gets under control. Due to in-home isolation worldwide, smart devices such as laptop, tablets, smart phones, and others are being used for communication and live virtual events for minimizing the social and economic impact of the outbreak. The demand for Netflix online streaming has increased worldwide, as most of the users use Netflix for entertainment. For instance, according to Coherent Market Insights’ analysis, live streaming is expected to be a US$ 73,500 million industry by 2021 from 31,100 million in 2016, owing to penetration of internet worldwide. Audiences or people have been viewing 82% more live videos in 2016 than in 2015. Such factors result in increasing demand for optical fiber circulators in the telecom sector.

Key Players in the Fiber Optic Circulators Market

Key players operating in the fiber optic circulators market include Ascentta, Inc., Aviation Magneto Optical Sensor Corp., Boston Applied Technologies Incorporated, Crowntech Photonics, DK Photonics Technology, FiberLake, Intepon, KOC Group, KINSOM Technology Limited, and Lightel.

Segmentation of the Fiber Optic Circulators Market

The fiber optic circulators market is segmented on the basis of type, application, and region.

  • On the basis of type, the fiber optic circulators market is segmented into:
    • 3 – Ports
    • 4 – Ports
    • More than 4 - Ports
  • On the basis of application, the fiber optic circulators market is segmented into:
    • Telecommunications
    • Private Data Networks
    • Cable TV
    • Military or Aerospace
    • Others
  • On the basis of region, the fiber optic circulators market is segmented into:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users