With the development of the optical communications industry, whether it is the spoiler of Google Optical Fiber or Baidu Optical Fiber, the painful and happy situation in the market is always advancing the process of industrial mergers and integration. In the future, relevant research institutions will analyze and forecast the market, technology and industry dynamics. What will happen to the future market, technology, and industry development trends of optical communications?
1. The optical fiber market is painful and happy, and mergers and integration may begin
The future of the optical fiber market is "painful and happy"
Judging from the status quo, the price of optical fiber and cable remains at a low level. Preforms have become the key for domestic optical fiber and cable manufacturers to improve their profitability and obtain higher competitiveness. The capacity utilization rate of preforms has become an important factor considered by domestic companies. The optical fiber and cable industry has the highest technical content and the largest barrier in the upstream preform link. At present, major domestic manufacturers have achieved self-production in the field of optical preforms, realizing the overall industrial chain layout of optical preforms-optical fibers-optical cables.
However, the overall market layout is still good. China's optical fiber production and sales optical fiber connector is the largest manufacturer in the Mainland, with a market share of up to 20%. In the first half of last year, the group's turnover was 776 million yuan, an increase of 8.5%, and the profit attributable to shareholders was 129 million yuan, an increase of 16.2%. The single-quarter turnover of the third quarter of last year was 475 million yuan, a year-on-year increase of 30.9%, and the total of the first three quarters The turnover was 1.251 billion yuan, an increase of 16.1%, far better than the first half of the year, and the full-year performance is worth looking forward to. Based on China Optical Fiber's annual profit of 300 million yuan, its current PE is as low as 7 times, and it has the ability to rise further.
2. Serious overcapacity of optical fiber, large-scale merger and integration may begin
In recent years, with the support of national policies for the broadband industry, the fiber optic cable industry has developed rapidly, which has been accompanied by numerous problems. In addition, domestic optical fiber manufacturers will also face more severe challenges. The collective purchase of optical fibers and cables by domestic operators continues to decline, while there are many domestic optical fiber companies and the demand decreases, and competition will become more intense, which will eventually lead to vicious competition. In such a "bad" environment, it is said that large-scale mergers and integration are about to begin. At this time, some small factories are entering the optical fiber industry one after another, and industry leaders are also deploying mergers and acquisitions and integration, so that small factories across the country can enjoy the "big tree". Down.
3. Compared with the United States, China's optical fiber sensing industry is in its infancy. According to statistics, as of the end of 2013, there were more than 260 sensor manufacturers in China with a scale of more than 20 million yuan. However, the overall quality of the industry is uneven, with small enterprises accounting for nearly 70%, mainly producing low-end products; a small number of leading enterprises and foreign-funded enterprises occupy the high-end product market.
4. The latest report data from the research company CIR shows that by 2019, the active optical cable (AOC) market used in data centers will reach 1.5 billion US dollars. The report titled "Active Optical Cable Market-Data Center Applications" is one of CIR's two-volume reports. CIR has another volume of market analysis report on active optical cables, and its application markets are personal computing, consumer electronics and digital signage.
At present, my country has become the world's largest optical communications market, which is quite eye-catching in terms of industrial scale and market space. my country's optical fiber and cable shipments have approached half of the global total, becoming a veritable optical fiber manufacturing country. With the implementation of the "Broadband China" strategy and the opening of the 5G commercial era, my country's optical communications industry will also usher in greater room for development.
Entering the 5G era, optical networks are developing rapidly, and relevant market data show that in optical communication equipment, the global optical cable installation volume has grown steadily, and the future optical modules and optical devices markets will become more prosperous. The FTTH access market is hot, and it is also expected to drive the market for optical devices such as PON to heat up.