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Global Fiber Optic Preform Market – Industry Trends and Forecast to 2029

ICT

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Global Fiber Optic Preform Market – Industry Trends and Forecast to 2029

  • ICT
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Fiber Optic Preform Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 4.30 Billion
Diagram Market Size (Forecast Year) USD 18.24 Billion
Diagram CAGR %

Major Markets Players

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Global Fiber Optic Preform Market, By Process (OVD, VAD, PCVD, MCVD), Product Type (Single-Mode Fiber Optic, Multi-Mode Fiber Optic, Plastic Optical Fiber), End-User (Telecom, Oil and Gas, Military and Aerospace, BFSI, Medical, Railway, Others) – Industry Trends and Forecast to 2029.

Fiber Optic Preform Market

Fiber Optic Preform Market Analysis and Size

The advantages of optical communication have encouraged intensive R&D into fibre optics technology, resulting in several innovations that enable the use of optical fibres in a variety of industries.

Data Bridge Market Research analyses that the fiber optic preform market was valued at USD 4.3 billion in 2021 and is expected to reach the value of USD 18.24 billion by 2029, at a CAGR of 19.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Fiber Optic Preform Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Process (OVD, VAD, PCVD, MCVD), Product Type (Single-Mode Fiber Optic, Multi-Mode Fiber Optic, Plastic Optical Fiber), End-User (Telecom, Oil and Gas, Military and Aerospace, BFSI, Medical, Railway, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Hengtong Group Co.,Ltd (Japan), Heraeus Holding (Germany), OFS Fitel LLC (U.S.) Prysmian Group (Italy), stl.tech (India), Sumitomo Electric Industries Ltd. (Japan), Yangtze Optical Fibre and Cable Joint Stock Limited Company (China)

Market Opportunities

  • Fibre optic preforms offers numerous appealing opportunities in the automotive, industrial, and defence sectors
  • Integration of various sensors with additional functional benefits

Market Definition

Optical fibres are flexible, transparent fibre cables made of high-quality glass, plastic, and silica that operate on the total internal reflection of light principle. Light transmission and illumination, laser delivery systems, and flexible bundling are the most common applications for fibre optics. The majority of preforms are made of glass filaments because they are advantageous for deep mouldings or items with unpredictable structural qualities.

Global Fiber Optic Preform Market Dynamics

Drivers

  • Product launches and expansions are flourishing market growth

Leading fibre optic preform market players have taken the necessary steps to improve overall energy-efficiency and performance of fibre optic preforms to meet the component's ever-increasing demand in teleconferencing applications and mobile computation devices. To overcome electronic bottlenecks at network edges, metropolitan area networks are increasingly being built with optical technologies.

  • Growing penetration of telecom infrastructures is augmenting market growth

Increased investment in telecom infrastructure, combined with continuous advancements in fibre optics technology, is expected to drive the global fibre optic performance market over the forecast period. Furthermore, as fiber-rich network infrastructure evolves, demand for fibre optic cables has increased, which will significantly fuel the global fibre optic Preform market growth. Furthermore, the rise in demand for high bandwidth communication is one of the key factors expected to propel the global fibre optic preform market growth during this forecast period. Furthermore, increased data traffic means increased demand for optical fibre networks, which drives the growth of the fibre optic preform market.

Opportunity

The market for fibre optic preforms offers numerous appealing opportunities in the automotive, industrial, and defence sectors. Fiber optic preforms are used to establish vehicle connectivity and interconnectivity, autonomous driving, and the integration of various sensors with additional functional benefits to improve vehicle safety and on-board entertainment.

Restraints

High fibre cable installation costs in comparison to copper wires will most likely impede the growth of the fibre optic preform market during the forecast period.

This fiber optic preform market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fiber optic preform market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Fiber Optic Preform Market

The COVID-19 virus outbreak has had a negative impact on the fibre optic preform market. Because the semiconductor industry's key manufacturers and raw material suppliers are spread across China, any disruption in their supply chain has had a significant impact. As a result, several manufacturers have begun relocating their manufacturing facilities outside China. Furthermore, work-from-home policies have decreased organisational demand for fibre optic cables and other semiconductor devices. However, rising residential demand for higher bandwidth internet connections due to the rise of online education and work-from-home policies is expected to drive market growth to some extent over the forecasted period.

Global Fiber Optic Preform Market Scope

The fiber optic preform market is segmented on the basis of process, product type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Process

  • OVD
  • VAD

PCVD

  • MCVD

Product type

  • Single-Mode Fiber Optic
  • Multi-Mode Fiber Optic
  • Plastic Optical Fiber

End user

  • Telecom
  • Oil and Gas
  • Military and Aerospace
  • BFSI
  • Medical
  • Railway
  • Others

Fiber Optic Preform Market Regional Analysis/Insights

The fiber optic preform market is analysed and market size insights and trends are provided by country process, product type and end user as referenced above.

The countries covered in the fiber optic preform market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominated the market due to the presence of optical fibre manufacturing hubs. In recent years, Asia-Pacific has held more than half of the total market share. Over the forecast period, Asia-Pacific is expected to grow steadily.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fiber Optic Preform Market Share Analysis

The fiber optic preform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fiber optic preform market.

Some of the major players operating in the fiber optic preform market are:

  • Fujikura Ltd. (Japan)
  • Furukawa Electric Co., Ltd. (Japan)
  • Hengtong Group Co., Ltd (Japan)
  • Heraeus Holding (Germany)
  • OFS Fitel LLC (U.S.)
  • Prysmian Group (Italy)
  • stl.tech (India)
  • Sumitomo Electric Industries Ltd. (Japan)
  • Yangtze Optical Fibre and Cable Joint Stock Limited Company (China)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Fiber Optic Preform Market value is expected USD 18.24billion by 2029.
The market is expected to grow at a rate of market is 19.80% during the forecast period of 2022 to 2029.
The major players operating in the Fiber Optic Preform Market are Fujikura Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Hengtong Group Co.,Ltd (Japan), Heraeus Holding (Germany), OFS Fitel LLC (U.S.) Prysmian Group (Italy), stl.tech (India), Sumitomo Electric Industries Ltd. (Japan), Yangtze Optical Fibre and Cable Joint Stock Limited Company (China).
The significant factors flourishing the growth of the Fiber Optic Preform Market are product launches and expansions are flourishing market growth, rowing penetration of telecom infrastructures is augmenting market growth.
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