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.
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.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fiber optic preform market analysis from 2022 to 2032 to identify the prevailing fiber optic preform market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the fiber optic preform market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global fiber optic preform market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Process
- OVD
- VAD
- PCVD
- MCVD
By Product Type
- Single-Mode Fiber Optic
- Multi-Mode Fiber Optic
By End Use
- Oil and Gas
- Military
- Telecommunication
- Railway
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Hengtong Group Co., Ltd
- Prysmian Group
- STL Tech
- Fujikura Ltd.
- Heraeus Holding
- FURUKAWA ELECTRIC CO., LTD.
- Sumitomo Electric Industries, Ltd.
- FiberHome
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
- Corning Incorporated
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FIBER OPTIC PREFORM MARKET, BY PROCESS
CHAPTER 5: FIBER OPTIC PREFORM MARKET, BY PRODUCT TYPE
CHAPTER 6: FIBER OPTIC PREFORM MARKET, BY END USE
CHAPTER 7: FIBER OPTIC PREFORM MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the fiber optic preform market was valued at $5.1 billion in 2022, and is estimated to reach $12.4 billion by 2032, growing at a CAGR of 9.4% from 2023 to 2032.A fiber optic preform is a specialized glass or silica rod that serves as the precursor for manufacturing optical fibers. It is typically a solid cylinder with a carefully designed core and cladding structure. During the optical fiber production process, the preform is heated and stretched to create the ultra-thin, long, and transparent glass fibers that transmit light signals for telecommunications, data transmission, and various optical applications. The precise composition and geometry of the preform determine the optical properties of the resulting fiber, making it a crucial component in the production of high-quality, low-loss optical communication and data transmission systems. The primary objective of the fiber optics preform market is to meet the increasing global demand for high-quality, high-capacity optical communication and data transmission systems. This market aims to provide the essential raw material - the preforms - that are the building blocks for manufacturing optical fibers. By ensuring a consistent supply of advanced preforms with precise optical characteristics, the market supports the expansion of high-speed internet, 5G networks, data centers, and other high-bandwidth applications. It seeks to enable the efficient and reliable transmission of data over long distances, promoting technological advancement and connectivity while meeting the evolving needs of modern communication and information infrastructure.
Key factors driving the growth of the fiber optics preform market include rapid expansion of telecom networks, increase in bandwidth demand, and others. The global demand for high-speed internet and seamless data exchange continues to rise, telecom companies are in a continuous race to expand the reach and capacity of their networks. Fiber optics preforms are integral to this effort, serving as the foundational material for producing optical fibers, which form the core infrastructure of these networks. Optical fibers facilitate the high-speed transmission of large volumes of data over extensive distances, offering greater bandwidth and reliability in contrast to traditional copper cabling. With the emergence of technologies like 5G and the proliferation of internet-connected devices, telecom networks face immense pressure to deliver faster and more dependable connections, making fiber optics, with the support of preforms, indispensable for meeting these demands. This expansion, fueled by our growing dependence on digital communication, stands as a primary driver behind the sustained growth of the fiber optics preform market. Moreover, with the proliferation of high-definition video streaming, online gaming, cloud computing, IoT devices, and the constant exchange of data, there is an escalating need for networks to accommodate larger data volumes with minimal latency. Fiber optics, enabled by high-quality preforms, provide the ideal solution as they can transmit data at much higher speeds and over longer distances than traditional copper cables. This technology not only meets the current bandwidth demands but also positions networks to handle future requirements, such as the rollout of 5G and the ongoing expansion of data centers.
The market also offers growth opportunities to the key players in the market. Fiber to the Home (FTTH) Deployment, and others. The deployment of FTTH networks is expanding globally to provide high-speed internet access in residential areas. This trend offers a substantial market growth opportunity as more regions adopt fiber connectivity.
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 classified 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).
The key players profiled in the report 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. For instance, in May 2023, Prysmian Group, launched its sustainable telecommunication system Ecoslim, using Sirocco HD and Sirocco Extreme (XT) optical cables which are available with up to 864 optical fibers. Sirocco HD cables are made with 50% less plastics and up to 25% smaller in diameter, in line with the Group’s commitment to increase the amount of recycled material in their products.
Key Market Insights
By Process, the MCVD segment was the highest revenue contributor to the market, and is estimated to reach $4.51 billion by 2032, with a CAGR of 9.58 % during the forecast period. However, PCVD has the highest CAGR during the forecast period.By Product Type, the Single-Mode Fiber Optic segment dominated the global market, and is estimated to reach $7.81 billion by 2032, with a CAGR of 9.78% during the forecast period.
By End-user, the Telecommunication segment dominates the market and is estimated to reach $6.16 billion by 2032, with a CAGR of 10.27 % during the forecast period.
Based on region, Asia-Pacific was the highest revenue contributor, accounting for $2.12 billion in 2022 and was the fastest growing region with a CAGR of 10.62%.
Companies Mentioned
- Hengtong Group Co., Ltd
- Prysmian Group
- STL Tech
- Fujikura Ltd.
- Heraeus Holding
- FURUKAWA ELECTRIC CO., LTD.
- Sumitomo Electric Industries, Ltd.
- FiberHome
- Yangtze Optical Fibre and Cable Joint Stock Limited Company
- Corning Incorporated
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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