Global Optical Fiber Patch Cord Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Optical Fiber Patch Cord Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A fiber-optic patch cord is a fiber-optic cable capped at either end with connectors that allow it to be rapidly and conveniently connected to CATV, an optical switch or other telecommunication equipment. Its thick layer of protection is used to connect the optical transmitter, receiver, and the terminal box.

Market Overview:

The latest research study on the global Optical Fiber Patch Cord market finds that the global Optical Fiber Patch Cord market reached a value of USD 1705.07 million in 2022. It’s expected that the market will achieve USD 2136.2 million by 2028, exhibiting a CAGR of 3.83% during the forecast period.

The Global optical fiber patch cord Industry maintained steady growth in the forecast year, with the overall industry revenue increasing and the market competition becoming increasingly fierce. There are three major trends in the industry.

First, the market demand continues to grow. In terms of growth rate, the optical fiber patch cord industry has maintained its growth momentum in the global market in recent years. With the development of optical access technology, the investment and construction scale of FTTX is increasing, and the demand for communication network connection equipment closely related to FTTX, such as optical fiber patch cord products, is increasing rapidly, and the market scale is gradually expanding. The increasing demand of downstream market has promoted the sustainable development of the industry.

Secondly, the market competition of optical fiber patch cord industry is fierce. Enterprises constantly improve distribution channels and supply chains to ensure product quality and gain more market share. The layout of online sales channels has become one of the opportunities for further development of optical fiber patch cord enterprises. At the same time, due to the continuous maturity of the industry, the product competition is becoming increasingly fierce.

Finally, the manufacturing process of optical fiber patch cord market is constantly developing, and various manufacturers are constantly improving product performance and material selection.

5G technology development

The construction of 5G network will bring massive optical fiber demand, which will bring great benefits to the optical fiber and cable industry. Giving full play to the advantages of 5G low latency and massive connection requires a strong optical fiber foundation to support it. The new generation communication technology represented by 5G not only brings new demands to the optical fiber and cable industry, but also brings new impetus to its technological transformation. Optical Fiber Patch Cord is a device used for line connection in optical fiber communication lines. With the development of network technology, the preference for high-speed connection devices and systems is increasing, the applications in IT, network security and other industries are increasing, and the use of optical fiber patch cord in data and network transmission is increasing.

Price fluctuation of raw materials

Raw materials are an important part of optical fiber patch cord industry, accounting for most of the production cost. Generally speaking, the quality of raw materials directly affects the quality of optical fiber patch cord. Nearly two years, the fluctuation of global commodity prices has intensified. Most optical fiber patch cord manufacturers are facing the pressure of rising raw material costs, which brings a lot of troubles to their business operations. The rising prices of raw materials have seriously affected the profits of enterprises. Therefore, if the company can't effectively reduce costs and improve efficiency, and maintain the bargaining power of product prices, there will be the risk of falling gross profit margin and performance.

Region Overview:

Geographically, China held the largest market share – 35.79% in 2021.

Company Overview:

Corning is one of the major players operating in the Optical Fiber Patch Cord market, holding a share of 9.1% in 2022.

Phoenix Contact

Phoenix Contact is the worldwide market leader of components, systems and solutions in the area of electrical engineering, electronics and automation. Phoenix Contact produces future-oriented components, systems, and solutions for electrical controls, networking, and automation.

Corning

Corning Incorporated is a global technology-based company. The Company produces optical fiber, cable, and photonic components for the telecommunications industry, as well as manufactures glass panels, funnels, liquid crystal display glass, and projection video lens assemblies for the information display industry.

Segmentation Overview:

By type, Multimode Fiber Optical Patch Cord segment accounted for the largest share of market in 2021.

Single-mode Fiber Optical Patch Cord

Single-mode fiber patch cable, which is generally yellow, is composed of a fiber optic cable terminated with single mode fiber optic connectors at both ends. It is usually used for connections over large areas, such as college campuses and cable television networks. Compared with multimode fiber patch cable, single-mode fiber patch cable has a higher bandwidth.

Multimode Fiber Optical Patch Cord

Multimode fiber patch cable, which is generally orange or grey, is composed of a fiber optic cable terminated with multimode fiber optic connectors at both ends. Its connectors are generally cream or black. It is a type of optical fiber mostly employed for communication over short distances, such as within a building or on the campus. Due to its high capacity and high reliability, multimode optical fiber is used for building the backbone network application.

Application Overview:

By application, the Telecommunication segment occupied the biggest share from 2017 to 2022.

Optical Data Network

Optical data networking is an alternative approach that does not try to reduce the heterogeneity of protocol stacks and network architectures, but rather exploits the heterogeneity to provide tailored network solutions to each particular application and network provider segment. Optical data networking combines networking features at both the service and transport layers.

Massive data drives the continuous development of data centers to hyperscale. Optical transmission and optical switching are widely used. Optical Data Network provides powerful and flexible solutions for data service providers.

Telecommunication

Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. Optical Fiber Patch Cord are extensively used in telecommunication networks for the transmission of high-bandwidth signals. Optical Fiber Patch Cord is also used to connect different telecommunication equipment.

Military & Aerospace

In military aircraft, fiber optic cables are used in avionics and mission control systems for high-speed data transfer for applications such as mission data, flight planning data, and sensor data fusion for weapon systems. Optical Fiber Patch Cord are used in many military and aerospace applications because of their superior performance characteristics.

Key Companies in the global Optical Fiber Patch Cord market covered in Chapter 3:

3M
Phoenix Contact
SHKE Communication
Furukawa Electric
CommScope
Corning
Black Box
LongXing
OPTICKING
Nexans
Megladon
Panduit
Shenzhen Necero
Shenzhen Lightwit
FiberStore

In Chapter 4 and Chapter 14.2, on the basis of types, the Optical Fiber Patch Cord market from 2018 to 2029 is primarily split into:

Single-mode Fiber Optical Patch Cord
Multimode Fiber Optical Patch Cord

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Optical Fiber Patch Cord market from 2018 to 2029 covers:

Optical Data Network
Telecommunication
Military & Aerospace
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)