Fiber optic preform market size is estimated to surpass USD 22.1 Billion by 2030 from the value of USD 4.5 Billion in 2021, accounting for a CAGR of 19.3% during the forecast period (2022-2030).
A fiber optic preform is a typical cylindrical piece of optical glass majorly used for representing an optical fiber in a fiber drawing tower. These preforms are utilized to construct optical fibers, which have the potential to transmit data or information at high speed. Typically, preforms are 40 cm in length and have a circumference of a couple of centimetres. Furthermore, the intensive and keen development of fiber optic technology has led to numerous innovations which enabled enormous applications for optical fiber in gas, oil, utilities, defense, and medical industries.
Fiber Optic Preform Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Single-Mode Fiber Optic, Multi-Mode Fiber Optic, Plastic Optical Fiber Optic), By Technology (OVD, VAD, PCVD, MCVD), By Application (IT and Telecommunication, Oil & Gas, Military & Aerospace, BFSI, Healthcare, Others), and companies (Sumitomo Electric Industries Ltd., Yangtze Optical Fibre, Cable Joint Stock Limited Company, Fujikura Ltd., Furukawa Electric Co., Ltd., Hengtong Group Co.,Ltd, Heraeus Holding, OFS Fitel LLC, Prysmian Group, STL – Sterlite Technologies Limited), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 19.6%, over the forecast period of 2022–2030
Factors like growing opportunities in the healthcare industry, investments in telecom infrastructure, and high-bandwidth internet connections accelerate the demand for quality fiber optics. Furthermore, the increasing usage of portable electronic devices like laptops, and tablets along with the surge in data traffic majorly drive the growth of the fiber optic preform market. The market is preceding constantly as it is a key component of the inventory network of the extensive optical fiber and cable industry.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||20.88 Billion|
|By Type||Single-Mode Fiber Optic, Multi-Mode Fiber Optic, Plastic Optical Fiber Optic.|
|By Technology||OVD, VAD, PCVD, MCVD.|
|By Application||IT and Telecommunication, Oil & Gas, Military & Aerospace, BFSI, Healthcare, Others.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Sumitomo Electric Industries Ltd., Yangtze Optical Fibre, Cable Joint Stock Limited Company, Fujikura Ltd., Furukawa Electric Co., Ltd., Hengtong Group Co.,Ltd, Heraeus Holding, OFS Fitel LLC, Prysmian Group, STL – Sterlite Technologies Limited.|
The COVID-19 pandemic has had a substantial negative influence on the Fiber Optic Preform market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Sumitomo Electric Industries Ltd., Yangtze Optical Fibre, Cable Joint Stock Limited Company, Fujikura Ltd., Furukawa Electric Co., Ltd., Hengtong Group Co.,Ltd, Heraeus Holding, OFS Fitel LLC, Prysmian Group, STL – Sterlite Technologies Limited.
Market Segment Analysis:
- Single-Mode Fiber Optic
- Multi-Mode Fiber Optic
- Plastic Optical Fiber Optic
- Oil & Gas
- Military & Aerospace
- IT and Telecommunication
- Oil & Gas
- Military & Aerospace
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Fiber Optic Preform industries in the region.
Key Fiber Optic Preform Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Fiber Optic Preform Market segments.
– Largest Market Share Held by Industry to Industry for Fiber Optic Preform
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Fiber Optic Preform Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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