PUBLISHER: Allied Market Research | PRODUCT CODE: 1396950
PUBLISHER: Allied Market Research | PRODUCT CODE: 1396950
The fiber optic preform market was valued for $5,103.43 million in 2022 and is estimated to reach $12,355.63 million by 2032, exhibiting a CAGR of 9.36% from 2023 to 2032.
Fiber optics are flexible, transparent fiber 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 fiber optic preform. The majority of preforms are made of glass filaments as they are advantageous for deep moldings or items with unpredictable structural qualities.
The surge in demand for high-bandwidth internet connections and opportunities & investments in telecommunication infrastructure and healthcare sector are the drivers for the growth of the market. These preforms are utilized to make optical fibers, which transmit information rapidly. Optical fiber are flexible transparent fiber cables that are developed from advanced quality glass, plastic, and silica that work on the guideline of all out interior reflection of light. Furthermore, rise in information traffic in accordance with the proceeded with expansion of tablets, keen gadgets, PCs, and other compact gadgets is foreseen to additionally trigger the demand for optical fiber. For instance, Corning is expected to open its fiber-optic cable factory in Gilbert, Arizona by 2024. The leading fiber optic manufacturer said that the investment is supported by customer commitments, including AT&T, which is also working with Corning on a fiber optic technician training program. The telecom operator also announced its plans to build its first fiber network in Arizona that will offer service to more than 100,000 homes. This technology has enabled high-speed transfer of information in both long and short-range communications, while also stimulating video-on-demand (VoD) service, cloud-based applications, and other audio-video immersive reality services. However, high Installation and maintenance costs hinder the growth of the market. The initial investment required for deploying fiber optics is substantial. In addition, ongoing maintenance and calibration expenses add to the overall cost burden, limiting the adoption of fiber optics, particularly for small-scale businesses or organizations with budget constraints. Moreover, the rapid development of emerging applications requires an advanced network that could be supported by fiber optics. Optical transmission links carry the increasing data traffic, and the optical access end also needs to ensure optimal network experience with lower latency and higher reliability. The fiber optics preform market is segmented into process, product type, end user, and region. By process, the market is divided into OVD, VAD, PCVD, and MCVD. By product type, the market is bifurcated into Single-Mode Fiber Optic, and Multi-Mode Fiber Optic. By end user, the market is segmented into oil & gas, military, telecommunication, and railway. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competitive analysis and profiles of the major fiber optics preform market players, such as Fujikura Ltd, Furukawa Electric Co., Ltd., Hengtong Group Co., Ltd, Heraeus Holding, Fiberhome, Prysmian Group, sterlite technologies limited, Sumitomo Electric Industries Ltd., Yangtze Optical Fiber and Cable Joint Stock Limited Company, and Corning Incorporated is provided in this report. Product launch and acquisition business strategies were adopted by the major market players in 2022.
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