Global Planar Lightwave Circuit (PLC) Splitters Market to Reach US$ 2.2 Million by 2032, Propelled by Significant Growth in Telecommunication Sector

August 22, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled “Planar Lightwave Circuit (PLC) Splitters Market Report by Type (1×N PLC Splitters, 2×N PLC Splitters), Design Type (Bare Fiber, Blockless, ABS, Fanout, Rack-Mounted, and Others), Application (Telecommunication, FTTX Systems, PON Networks, CATV Networks, LAN, WAN and Metro Networks, and Others), and Region 2024-2032,” the global planar lightwave circuit (PLC) splitters market size reached US$ 1.2 Million in 2023. Planar lightwave circuit (PLC) splitters are essential optical devices used in fiber optic networks to divide or split incoming optical signals into multiple output channels. They are passive devices that work based on the principles of lightwave interference and waveguides. They work based on the principle of waveguide-based light splitting that consists of an optical chip with a waveguide structure that guides and distributes the incoming optical signal to the multiple output ports.

Global Planar Lightwave Circuit (PLC) Splitters Market Trends:

PLC splitters are employed in the telecommunication industry to enable efficient and reliable distribution of optical signals from central aggregation points to remote wireless base stations. This, coupled with the increasing number of mobile phone subscribers and the rising use of high-speed internet connection, represents one of the key factors augmenting the market growth around the world. Moreover, the growing integration of video, voice, and data networks with fiber-to-the-home (FTTH) arrangements is influencing the market positively. In addition, PLC splitters are employed in the healthcare sector for telemedicine applications, medical imaging, and electronic health record (EHR) systems that transmit medical data and images over optical networks. This, along with the increasing requirement for remote patient monitoring (RPM) on account of the surging prevalence of chronic diseases and viral infections among the masses, is bolstering the market growth. Apart from this, the rising adoption of PLC splitters in transportation systems, including railway networks, to support communication between control centers is propelling the growth of the market. Looking forward, the market value is projected to reach US$ 2.2 Million by 2032, expanding at a CAGR of 6.5% during 2024-2032.

Market Summary:

Based on the type, 1×N PLC splitters dominate the market, followed by 2×N PLC splitters.
On the basis of the design type, the market has been segmented into bare fiber, blockless, ABS, fanout, rack-mounted, and others. Rack-mounted currently accounts for the majority of the total market share.
Based on the application, the market has been classified into telecommunication, FTTX systems, PON networks, CATV networks, LAN, WAN and metro networks, and others. Presently, FTTX systems hold the largest market share.
Region-wise, the market has been segregated into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being Broadex Technologies Co. Ltd., Browave Corporation, Changzhou Linket Electronic Technology Co. Ltd., Korea Optron Corp., Ningbo Longxing Telecommunications Equipment Manufacturing Co. Ltd., Ningbo Zhantong Telecom Equipment Co. Ltd., Precision Micro-Optics Inc., Prysmian S.p.A., Senko Advanced Components Inc. (Senko Advance Co. Ltd.), Shanghai Baudcom Communication Device Co. Ltd., Shanghai Sun Telecommunication Co. Ltd. and T&S Communication Co Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Types Covered	1×N PLC Splitters, 2×N PLC Splitters
Design Types Covered	Bare Fiber, Blockless, ABS, Fanout, Rack-Mounted, Others
Applications Covered	Telecommunication, FTTX Systems, PON Networks, CATV Networks, LAN, WAN and Metro Networks, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Broadex Technologies Co. Ltd., Browave Corporation, Changzhou Linket Electronic Technology Co. Ltd., Korea Optron Corp., Ningbo Longxing Telecommunications Equipment Manufacturing Co. Ltd., Ningbo Zhantong Telecom Equipment Co. Ltd., Precision Micro-Optics Inc., Prysmian S.p.A., Senko Advanced Components Inc. (Senko Advance Co. Ltd.), Shanghai Baudcom Communication Device Co. Ltd., Shanghai Sun Telecommunication Co. Ltd., T&S Communication Co Ltd., etc.
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Global Planar Lightwave Circuit (PLC) Splitters Market to Reach US$ 2.2 Million by 2032, Propelled by Significant Growth in Telecommunication Sector

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