Fiber converters were introduced in the 1990s, and are simple networking devices incorporated to connect twisted pairs with fiber optic cabling, which are basically two dissimilar media types connected with a single mode, due to the innovative technique developed in Fiber converter. Fiber converters are additionally considered as an important tool in interconnecting the existing copper based structured cabling system with the fiber optic cabling based system. There are three types of fiber converters named as – simple converter, switching converter and managed converter. The fiber converters are mainly used for the purpose of access and data transfer services to enterprise customers in metropolitan area networks (MAN).
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The Global Fiber Converter Market size was valued at $1316.2 million in 2020 and is expected to grow with a significant CAGR and is estimated to register the highest revenue by 2027, with a significant CAGR of 3.7% during the forecast period 2024-2031. The global fiber converter market is projected to grow during the forecast period, depending on the market driving factors such as – increasing global urbanization, multinational corporations, increased sales of equipment and machinery, and enhanced supply chain facility among local merchants.
In addition, the global market growth of fiber converters is estimated based on the segmental analysis as such, the market is segmented into by type, by application and by region segments, based on their growth rate. Based on the by type segment, the market is further categorized into- 10/100 Mbps type, 1000 mbps and others. Whereas, the widely applicable segment was 10/100 Mbps type, which dominates the global fiber converter market, due to its various applications in conversion of dissimilar media types into a single media type. Additionally, this 10/100 Mbps type is also projected to drive the growth of the market, due to its increasing demand in telecom industries during the forecast period.
Besides, the market is further segmented on the basis of application which includes – IP security, factory automation, transportation systems, electric utility and others. The Global Fiber Converter Market is dominated by the IP Security segment, due to sequential rise in the demand for fiber converter in the IP security sector, and this increasing application will propel the growth and raise the market size and values of the global fiber converter market. Based on the region, the market is dominated by Europe, and is expected to gain a gradual rise in fiber converter market in the forecast period.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- Siemens AG, Red Lion Controls, Hirschman, Phoenix, EtherWAN, Korenix and Moxa, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Fiber Converter Market Report Segment
By Type
- 10/100 Mbps
- 1000 Mbps
- Others
By Application
- IP Security
- Factory Automation
- Transportation Systems
- Electric Utility
- Others
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