Military Applications: In radar systems, unmanned aerial vehicles (UAVs), and other advanced military systems, FORJs ensure reliable and high-performing data transmission. Their robustness against harsh environmental conditions makes them a critical component in these sensitive areas.
Medical Equipment: FORJs are used in a variety of medical systems, including computer tomography (CT) machines, endoscopes, optical coherence tomography (OCT), and other medical imaging technologies. Their ability to provide stable signal transmission under rotation is essential for capturing precise medical images.
Robotic Systems: FORJs are ideal for harsh-environment applications such as robotic systems. Robotics and automated assembly lines use FORJs for multi-axis robotic arms requiring constant data and power transmission.
Aerospace: FORJs are used in various spacecraft systems and instruments. They may be used in satellite communications, optical sensor systems, solar panel deployments, and more. Their ability to continuously transmit optical signals despite rotational movements is crucial for the operation of these systems.
Underwater Operating Systems: FORJs deliver reliable performance in applications like remotely operated vehicles (ROVs), underwater communication systems, and more. They provide efficient data connection between static and rotating parts, enabling control and data collection in challenging environments.
Material Handling: FORJs are used in material handling systems. For example, forklifts, conveyors, shelves, and even autonomous mobile robots (AMRs).
Figure Global Fiber Optic Rotary Joints Value (M USD) Segment by Applications from 2019-2024
In summary, market rules show that FORJs have the highest market value share in the military and defense, robotic systems and material handling fields, while aerospace and medical equipment fields also show stable market demand.
The market share of Underwater Operating Systems is relatively small, probably due to the extreme conditions of the underwater environment place, higher demands on the performance of FORJs, requiring more advanced technologies and materials to meet these demands, while the application of FORJs in this field has not yet been fully developed.
Figure Global Fiber Optic Rotary Joints Market Share by Applications in 2023
1.Global Fiber Optic Rotary Joints Consumption and Market Share by Application (2019-2024)
Figure Downstream Market Overview (Volume Base)
Table Global Fiber Optic Rotary Joints Consumption (K Units) by Application (2019-2024)
|
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024E |
|
Military & Defense |
40.52 |
41.57 |
43.58 |
44.96 |
47.35 |
50.09 |
|
Medical Equipment |
25.70 |
24.81 |
26.68 |
28.14 |
29.21 |
30.72 |
|
Robotic Systems |
41.67 |
40.24 |
45.21 |
48.43 |
51.65 |
55.06 |
|
Material Handling |
39.92 |
38.88 |
44.06 |
47.50 |
50.71 |
53.92 |
|
Aerospace |
9.93 |
8.27 |
9.06 |
9.82 |
10.23 |
10.90 |
|
Underwater Operating Systems |
3.38 |
3.24 |
3.49 |
3.75 |
3.92 |
4.12 |
|
Other Applications |
35.54 |
33.47 |
36.05 |
37.91 |
38.96 |
40.90 |
|
Total |
196.65 |
190.48 |
208.13 |
220.51 |
232.03 |
245.71 |
Table Global Fiber Optic Rotary Joints Consumption Market Share by Application (2019-2024)
|
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024E |
|
Military & Defense |
20.60% |
21.82% |
20.94% |
20.39% |
20.41% |
20.39% |
|
Medical Equipment |
13.07% |
13.02% |
12.82% |
12.76% |
12.59% |
12.50% |
|
Robotic Systems |
21.19% |
21.13% |
21.72% |
21.96% |
22.26% |
22.41% |
|
Material Handling |
20.30% |
20.41% |
21.17% |
21.54% |
21.86% |
21.95% |
|
Aerospace |
5.05% |
4.34% |
4.35% |
4.45% |
4.41% |
4.43% |
|
Underwater Operating Systems |
1.72% |
1.70% |
1.68% |
1.70% |
1.69% |
1.68% |
|
Other Applications |
18.07% |
17.57% |
17.32% |
17.19% |
16.79% |
16.64% |
|
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
2.Market Volume (K Units) and Growth Rate Forecast of Segmented Application ( 2024-2029)
Table Global Market Value (M USD) Forecast by Application (2024-2029)
|
|
2024E |
2025F |
2026F |
2027F |
2028F |
2029F |
|
Military & Defense |
90.00 |
95.88 |
101.12 |
107.34 |
113.87 |
120.76 |
|
Medical Equipment |
52.96 |
56.04 |
59.60 |
64.45 |
68.42 |
73.34 |
|
Robotic Systems |
69.36 |
76.46 |
83.22 |
88.73 |
95.56 |
103.00 |
|
Material Handling |
64.35 |
70.00 |
75.17 |
79.36 |
83.91 |
89.13 |
|
Aerospace |
49.12 |
53.13 |
57.32 |
62.28 |
66.10 |
71.02 |
|
Underwater Operating Systems |
6.17 |
6.76 |
7.19 |
7.74 |
8.31 |
8.95 |
|
Other Applications |
57.48 |
61.99 |
65.59 |
69.99 |
73.87 |
78.52 |
|
Total |
325.78 |
351.51 |
376.45 |
402.15 |
427.86 |
457.25 |
Table Global Market Volume (K Units) Forecast by Application (2024-2029)
|
|
2024E |
2025F |
2026F |
2027F |
2028F |
2029F |
|
Military & Defense |
50.09 |
52.32 |
55.06 |
58.49 |
61.78 |
65.31 |
|
Medical Equipment |
30.72 |
32.20 |
33.95 |
36.33 |
38.29 |
40.71 |
|
Robotic Systems |
55.06 |
60.11 |
64.86 |
68.45 |
73.18 |
78.24 |
|
Material Handling |
53.92 |
58.09 |
61.84 |
64.63 |
67.82 |
71.47 |
|
Aerospace |
10.90 |
11.67 |
12.48 |
13.42 |
14.14 |
15.08 |
|
Underwater Operating Systems |
4.12 |
4.47 |
4.71 |
5.02 |
5.35 |
5.72 |
|
Other Applications |
40.90 |
43.68 |
45.81 |
48.39 |
50.69 |
53.46 |
|
Total |
245.71 |
262.54 |
278.72 |
294.74 |
311.25 |
329.98 |
The data shows that the segments Military & Defense, Robotic Systems, Material Handling, and Aerospace analyzed by our report have the largest market share and the greatest development potential.
Aerospace: Due to the rapid development of space exploration and satellite technology, as well as the demand for high-performance communication systems, the aerospace field may be one of the most promising market segments.
Figure Market Volume (K Units) and Growth Rate Forecast of Aerospace (2024-2029)
Robotic Systems: With the advancement of automation and intelligence in the global manufacturing industry, robotic systems need to maintain continuous transmission of data and power during rotation and movement. Therefore, the demand for FORJs in robotic systems has increased, and the field of robotic systems is expected to continue to grow. In addition, the rise of service robots and collaborative robots has also provided a new growth point for the FORJs market.
Figure Market Volume (K Units) and Growth Rate Forecast of Robotic Systems (2024-2029)
3.Major Downstream Buyers of Fiber Optic Rotary Joints Analysis
Table Major Downstream Buyers of Fiber Optic Rotary Joints with Contact Information
|
Downstream Buyers |
Contact Information |
|
Verizon |
Web: www.verizon.com Tel: 1 (800) 922-0204 Add: 2,330 owned retail stores, New York |
|
AT&T |
Web: www.att.com Tel: 800.331.0500 Add: PO Box 5014. Carol Stream, IL 60197-5014 |
|
Johnson & Johnson |
Web: www.jnj.com Tel: 1800 226 446 Add: 1 Johnson & Johnson Plaza New Brunswick, NJ 08933 United States |
|
Medtronic |
Web: www.medtronic.com Tel: 00 1 763-514-4000 Add: 710 Medtronic Parkway Minneapolis, MN 55432-5604 |
|
Komatsu |
Web: www.komatsu.com Tel: 1 (847) 437-5800 Add: Awazu Plant. Tsu 23, Futsu-machi, Komatsu-shi, Ishikawa 923-0392, Japan |
|
Anhui Heli Co., Ltd |
Web: en.helichina.com Tel: +86-551-63639358 Add: No.668, Fangxing Road, Hefei, Anhui Province. |
|
Epson |
Web: www.epson.com Tel: (562) 290-5930 Add: 3131 Katella Avenue, Los Alamitos, CA, USA. |
