According to the recent study the ceramic ferrule market is projected to reach an estimated $545.8 million by 2028 from $321.0 million in 2023, at a CAGR of 11.2% from 2023 to 2028. Growth in this market is primarily driven by rising demand for the fiber optic technology, increasing investments in the telecommunications industry along with growing requirement for low-cost optical transmission components.
A more than 150 – page report is developed to understand trends, opportunities and forecast in ceramic ferrule market by type (SC/FC ceramic ferrule, ST ceramic ferrule, LC ceramic ferrule, and others), application (fiber optic connectors, other active devices, and other passive devices), and region (North America, Europe, Asia Pacific, and the Rest of the World)
“SC/FC ceramic ferrule market is expected to remain the largest segment during the forecast period.”
Based on type, the ceramic ferrule market is segmented into SC/FC ceramic ferrule, ST ceramic ferrule, LC ceramic ferrule, and others. Lucintel forecasts that the SC/FC ceramic ferrule market is expected to remain the largest segment due to as it is a simple type of injection molded component in which electrically conductive metalcore, such as copper strip, provides the electrical return path and also helps in preventing arcing and corrosion on the surface that contacts other metallic components.
“Within the ceramic ferrule market, the fiber optic connector segment is expected to remain the largest application”
Based on application the fiber optic connector segment is expected to witness the highest growth over the forecast period because it helps in preventing the splitting of light signals and reducing the loss from twists or bends, which results in increase in transmission efficiency.
“North America will dominate the ceramic ferrule market in near future”
North America will remain the fastest growing region over the forecast period due to growing demand for communication and network cables in this region that helps to increase the demand of fiber optic connectors.
Major players of ceramic ferrule market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Chaozhou Three-Circle, FOXCONN, Adamant, T&S Communications, INTCERA, Kyocera, JC COM, Shenzhen Yida, SEIKOH GIKEN, Thorlabs, and Swiss Jewel are among the major ceramic ferrule providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]