Digital Twin Technology Market with Market Share, Growth, Trends Analysis by 2024-2032

Optical Fiber Preform Market Size And Forecast

Optical Fiber Preform Market size was valued at USD 6.28 Billion in 2024 and is projected to reach USD 26.08 Billion by 2031, growing at a CAGR of 19.47% from 2024 to 2031.

Factors such as the prevalence of high-bandwidth internet connections, growing opportunities in the healthcare industry, and investments in telecommunication infrastructure, are driving the growth of the Optical Fiber Preform Market. The Global Optical Fiber Preform Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Optical Fiber Preform Market Definition

Optical fibers are flexible transparent fiber cables made up of high-quality glass, plastic, and silica that work on the principle of total internal reflection of light. Fiber optics are mostly used for light transmission and illumination, laser delivery systems, and flexible bundling. Most preforms are made out of glass filaments since they are advantageous for profound moldings or items with unpredictable structure qualities.

Ceaseless fiber designs additionally give directional properties, adding to the material value of glass fiber fortification. There are various strategies utilized for assembling plastic preforms. Probably the most widely recognized methods are the coordinated fiber process, the plenum chamber process, and the utilization of a water slurry framework.

Global Optical Fiber Preform Market Overview

The rise in demand for high bandwidth communication is one of the prominent drivers for optical that ultimately drives the preform market. The demand for fiber optic cables has been rising along with the evolving fiber-rich network infrastructure. The rise in data traffic along with the increased use of devices like tablets, laptops, and other portable devices. This is further anticipated to complement the rise in demand for optical fiber. Research and Development in fiber optic technology have led to different innovations and enabled a variety of applications for optical fibers in oil and gas, medical, utilities, and defense industries among others.

There are certain restraints and challenges faced which will hinder the overall Optical Fiber Preform Market growth. The market optical fiber preform is saturated and highly concentrated with well-renowned multinational players in the lead. There isn’t much left to innovate for now as the fifth-generation optical fiber was launched. The companies are now having rivalries and pricing wars which is expected to hamper the overall market.

Global Optical Fiber Preform Market: Segmentation Analysis

The Global Optical Fiber Preform Market is segmented on the basis of Product Type, Application, and Geography.

Optical Fiber Preform Market, By Product Type

• Single-Mode Optic Fiber• Multi-Mode Optic Fiber

Based on Product Type, the market is bifurcated into Single-Mode Optic Fiber and Multi-Mode Optic Fiber. The multi-mode segment is expected to be the fastest-growing segment and may witness substantial growth over the forecast period. The multi-mode segment uses a wider core compared to the single-mode and customarily uses a longer wavelength of light which is why it is preferred among the end-users over the single-mode optic fiber.

Optical Fiber Preform Market, By Application

• Oil & Gas• Military & Aerospace• Telecom• Railways• Others

Based on Application, the market is bifurcated into Oil & Gas, Military & Aerospace, Telecom, Railways, and Others. The Telecom sector is expected to be the biggest segment in terms of market share and is anticipated to witness considerable growth during the forecast period.

Optical Fiber Preform Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Optical Fiber Preform Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Due to the presence of the manufacturing hubs of optical fiber Asia Pacific dominated the market. Asia-Pacific held more than half of the total market share in the past couple of years. Asia-Pacific is anticipated to keep growing steadily over the forecast period.

Key Players

The “Global Optical Fiber Preform Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are HENGTONG GROUP CO., LTD., Shin-Etsu Chemical Co., Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company, Sumitomo Electric Industries, Ltd., and Furukawa Electric Co., Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Business Expansion, and Product Launch

• In March 2021, Hengtong Optic-Electric Co., Ltd. held a product launch event. Its subsidiary, Hengtong Rockley Technology Co., Ltd., has advanced in its efforts to improve its high-speed transceiver modules for data communication. The mass production version of the 400G QSFP-DD DR4 transceiver based on silicon photonic circuits and the 400G QSFP-DD FR4 transceiver based on traditional free space solution were released, allowing Hengtong to provide customers with 400G single-mode optical transceiver modules for a variety of transmission distances.

• In May 2022, Heraeus Holding GmbH, a Fortune 500 company, announced that it has invested significant equity in perPETual Technologies, one of the world’s leading PET recycling companies. Heraeus decided to rename the company “revalyu Resources GmbH” in order to drive global expansion under one brand.

• In Oct 2020, Yangtze Optical Fibre and Cable, a global leader in the optical fibre and cable industry, providing insight into global fiber and cable market trends at the CRU World Optical Fibre & Cable 2020 Virtual Conference, which was attended by global industry leaders.

Mergers and Acquisitions

• In Oct 2021, Sterlite Technologies has also announced plans to acquire Clearcomm Group, a network integration company, for Rs 160 crore. The acquisition is part of the company’s plans to expand its system integration business globally.

Report Scope

Research Methodology of Market Research:

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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