Increasing Adoption of Smartphones, Internet, and IoT to Augment Growth of Fiber Optic Circulators Market

 

Fiber Optic Circulators Market

Fiber optic circulators are devices that are designed to transmit data signals over long distances. It is generally used for the transfer of digitally encoded information between two or more locations. Fiber optic circulators consist of a pair of curved conductors, and an output amplifier which functions as a demultiplexer. This single device can convert light into electrical signals, which can travel to long distances. This device also allows for the generation of electrical signals, which are again sent to long distance locations.

Market Dynamics

Increasing adoption of smartphones is expected to propel growth of the fiber optic circulators market. For instance, according to Pew Research Center’s February 2019 report, over 5 billion people have mobile devices and over 50% of these connections are smartphones. Moreover, increasing adoption of internet is also expected to aid in growth of the market. For instance,  according to China government-backed Market Intelligence & Consulting Institute and reported by China Internet Watch, internet penetration in China reached 61.2 percent in the first half of 2019, with 854 million internet users at the end of June 2019.

Increasing adoption of Internet of Things (IoT) is expected to offer lucrative growth opportunities for players in the fiber optic circulators market. For instance, in February 2021, Skylo, an end-to-end solution provider, partnered with Beetel, a technology brand offering contemporary solutions for India’s connectivity and IT needs, to rapidly scale the adoption of end-to-end Internet of Things (IoT) solutions to connect the billions of machines and remote assets in hundreds of industries across India.

Moreover, increasing launch of data center solutions is also expected to aid in growth of the market. For instance, in July 2020, Delta, a provider of power and thermal management solutions, launched SmartNode data center infrastructure solution to provide flexible power system and cooling designs for quick deployment of versatile implementation in Europe, the Middle East and Africa.

Competitive Analysis

Major 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.

Major players operating in the fiber optic circulators market are focused on regional expansion. For instance, in 2019, Crowntech Photonics registered and established a wholly owned subsidiary in Wujin National High-Tech Industrial Zone in Changzhou City located in Jiangsu province, China. 

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