Growing demand for high-bandwidth Internet connectivity and growing opportunities in the telecommunications sector are the major factors driving the Global Optical Fiber Preform Market during the forecast period.
According to TechSci Research report, Optical Fiber Preform Market - Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028, the Global Optical Fiber Preform Market is expected to register robust growth during the forecast period, 2024-2028.
Fiber optic preforms are flexible, and transparent fiber tows used in the manufacturing of optical fibers. This is the backbone of fiber optic cable. Optical fibers are made of high-quality glass, plastic, and silicon dioxide and work on the principle of total internal reflection of light.
The prevalence of tablets, smart gadgets, personal computers, smartphones, and other small consumer electronics has boosted information traffic and market revenue. This technological advancement is expected to be facilitated by the introduction of 5th generation optical fiber based on the conceptual optical solution of Dense Wavelength Division Multiplexing (DWDM), opening up new avenues for the optical fiber preform business.
Leading manufacturers in the fiber optic preform market are taking steps to improve the overall energy efficiency and performance of their fiber optic preforms to meet the growing demand for this component in teleconferencing and mobile computing devices. To address electronic bottlenecks at the network edge, metropolitan area networks are increasingly being built using optical technology. For the automotive, industrial and defense industries, the fiber optic preform market offers some attractive options. Fiber optic preforms are used for vehicle connectivity and interconnectivity, autonomous driving, and sensor integration.
Increasing demand for high-bandwidth communications and rapid upgrades and installations of fiber-rich network infrastructure are the main drivers of fiber optics and drive the preform market. Moreover, the demand for fiber optic cables is increasing as a significant increase in data traffic is expected to further stimulate the demand for optical fiber preform market. The rising popularity of high-speed internet bandwidth connections is driving the growth of the optical fiber preform market.
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The Global Optical Fiber Preform Market is segmented into Type, Technology, Application, Regional Distribution and Competitive Landscape. Based on Application, the market is segmented into IT and Telecommunication, Oil and Gas, Military and Aerospace, BFSI, Healthcare & Others. IT and Telecommunication segment is expected to dominate the market in the forecast period. This can be attributed to the invention of 5G along with devices such as smart phones, tabs, desktops or laptops. Moreover, every job whether field or desk job has the use of these devices, giving rise to the number of internet users. With the rise in population, increase in urbanization, and rise in disposable income, the number of internet users is expected to increase with time. Post covid, consumer behavior has changed drastically, which has made consumers shift to online platforms, thus giving rise to internet users. Technology has been a major reason as why governments all over the world are trying to provide fast internet speed in almost every area of their jurisdiction.
Based on region, the market is segmented into APAC, North America, Europe, South America, MEA. APAC region is expected to dominate the market in the forecast period. APAC has a significant amount of the population. Countries such as India, China, Japan, and Australia have many MNC’s with large job opportunities. This region also has the tendency to build infrastructure for a technology whenever it is rolled out, thus giving feedback to others as to why that technology can work or not. This growth is underpinned by factors such as increased investment in information and communication technology (ICT) infrastructure, increased adoption of advanced network solutions, and increased interest in product innovation. APAC region is also home to many branches of MNC’s as it holds a fair amount of the population of the world. APAC also has several optical fiber manufacturing hubs.
Key market players in the Global Optical Fiber Preform Market include: -
- Hengtong Group Co Ltd
- Fujikura Ltd
- Furukawa Electric Co Ltd
- Sterlite Technologies Limited
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
- Sumitomo Electric Industries, Ltd
- Prysmian Group
- Heraeus Holding
- Corning Incorporated
- OFS Fitel, LLC
"APAC holds the key to the growth of Global Optical Fiber Preform market. Rise in population and disposable income has a major reason as to why APAC region dominated the market. Increasing number of IT hubs has made this region important. IT & Telecommunication sector is expected to dominate the market due to rising demand of computer, laptop and mobile phones, especially after 2020.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“Optical Fiber Preform Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented 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 and Gas, Military and Aerospace, BFSI, Healthcare & Others), By Region,” has evaluated the future growth potential of Global Optical Fiber Preform Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Optical Fiber Preform Market.
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Further, this report also highlights smart strategy adopted by major players and also their market share.
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The major players in the optical fiber preform market include Corning Incorporated, Optical Cable Corporation, Sterlite Technologies Limited, OFS Fitel, LLC, Prysmian Group, AFL, Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd, Yangtze Optical Fibre and Cable Joint Stock Limited Company, HENGTONG GROUP CO., LTD, Fujikura Ltd..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Optical Fiber Preform Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/optical-fiber-preform-market/download-sampleMarket DynamicsLarge-scale deployment of high speed and high bandwidth internet connections leads to this market's growth.
The rise in data traffic and the increased proliferation of tablets, smart devices, laptops, and other portable devices will further trigger market growth.
The rising investments in telecommunications infrastructure and the deployment of gigabit networks will be a market booster.
AMA Research have added latest edition of survey study on Global Optical Fiber Preform Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.
The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.
The research study provides estimates for Global Optical Fiber Preform Forecast till 2025*.
Optical fiber preform systems are operated by addition of a modulated carrier signal to the source signal traveling along with the wiring system.
Market Growth DriversIncreasing Demand for Data Security in the Military & Aerospace SectorA rise in Demand of the High-Speed Broadband Due To Large Scale Consumption for Numerous Coupled DevicesChallengesIntense Competitive Rivalry among the PlayersTo comprehend Global Optical Fiber Preform market dynamics in the world mainly, the worldwide Optical Fiber Preform market is analyzed across major global regions.
North America: United States, Canada, and Mexico.
Optical Fiber Preform Market Revenue, 2016-2021, 2022-2027, ($ millions) Global Optical Fiber Preform Market Sales, 2016-2021, 2022-2027, (MT) Global top five Optical Fiber Preform companies in 2020 (%) We surveyed the Optical Fiber Preform manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/90992/global-optical-fiber-preform-2021-2027-6 The global Optical Fiber Preform market was valued at 2731.9 million in 2020 and is projected to reach US$ 3390.8 million by 2027, at a CAGR of 5.6% during the forecast period.Total Market by Segment:Global Optical Fiber Preform Market, By Type, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Optical Fiber Preform Market Segment Percentages, By Type, 2020 (%)VADOVDPCVDMCVDGlobal Optical Fiber Preform Market, By Application, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Optical Fiber Preform Market Segment Percentages, By Application, 2020 (%)TelecomPowerPetroleumSubmarine CableOthersGlobal Optical Fiber Preform Market, By Region and Country, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Optical Fiber Preform Market Segment Percentages, By Region and Country, 2020 (%)North AmericaUSCanadaMexicoEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesBeneluxRest of EuropeAsiaChinaJapanSouth KoreaSoutheast AsiaIndiaRest of AsiaSouth AmericaBrazilArgentinaRest of South AmericaMiddle East & AfricaTurkeyIsraelSaudi ArabiaUAERest of Middle East & AfricaCompetitor AnalysisThe report also provides analysis of leading market participants including:Key companies Optical Fiber Preform revenues in global market, 2016-2021 (Estimated), ($ millions)Key companies Optical Fiber Preform revenues share in global market, 2020 (%)Key companies Optical Fiber Preform sales in global market, 2016-2021 (Estimated), (MT)Key companies Optical Fiber Preform sales share in global market, 2020 (%)Further, the report presents profiles of competitors in the market, key players include:CorningPrysmianShin-EtsuFurukawa ElectricSumitomo ElectricHengtong Optic-electricFujikuraOFS FitelFasten GroupFiberhomeFutongZhongtian TechnologyReasons to Purchase Our Research Report:1.
Analyzing the outlook of the market with the recent trends and SWOT analysis2.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.5.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment6.
