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 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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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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Market Opportunities
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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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