Fiber Optic Preform Market (Updated Version Available)

Key Market Overview:

Fiber optic preform market size was over value of USD 5.14 Billion in 2022, registering a CAGR of 19.6% during the forecast period (2022-2030) and the market is projected to surpass USD 21.5 Billion by 2030.

The fiber optic preform is referred to as the cylindrical piece of optical glass utilized for drawing an optical fiber. Conventionally, the preforms are over 40 cm long and have a diameter of a few centimeters. Major preforms are created of glass filaments due to the features that profoundly enhance the application in items or moldings with irregular structure qualities. Additionally, multiple strategies are utilized for assembling the plastic preforms. The extensively recognized methods cover the processes such as the plenum chamber process, the coordinated fiber process, and the usage of the water slurry framework.

Such preforms are majorly used to draw the optical fibers with the balanced refractive index. The type of coating materials used for winding up the optic fibers is silicone, acrylate, and polyimide. Thus, a high degree of protection is acquired by such optic fibers provided by the optimum suppression of the preform micro-bends.

The major market players facilitate the product launches in terms of fiber optic preform to enhance the overall performance and efficiency of optic cables. The major factor that drives this need is the expanding dependence on teleconferencing applications, especially in computation devices. Thus, the growing demand for such high-performance optic cables in technologically advanced devices accelerates the consumption of preforms which aid in large-scale manufacturing of high-performance fiber optics.

Report Attributes	Report Details
Study Timeline	2018-2030
Market Size in 2030 (USD Billion)	21.5 Billion
CAGR (2022-2030)	19.6 %
By Type	Single-Mode Fiber Optic, Multi-Mode Fiber Optic, and Plastic Optical Fiber
By Technology	Outside Vapor Deposition (OVD), Vapor Phase Axial Deposition (VAD), Plasma Activated Chemical Vapor Deposition (PCVD), and Modified Chemical Vapor Deposition (MCVD)
By End Use	IT & Telecommunication, Oil and Gas, Military and Aerospace, BFSI, Medical, Railway, Healthcare, and Others
By Geography	Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]
Key Players	Fujikura Ltd., STL – Sterlite Technologies Limited, Hengtong Group Co., Ltd, Furukawa Electric Co., Ltd, Heraeus Holding, Prysmian Group, Sumitomo Electric Industries Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company, and OFS Fitel LLC

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Market Dynamics:

Driver:

The increased use of such preforms for the production of optimized fiber optic cables leads to the enhanced adoption of high-bandwidth internet connections. Thus the growing demand for such high-speed internet among the population and enterprises drive market growth. Furthermore, the expansion in consumer usage of devices such as smart appliances, smartphones, tablets, laptops, and other gadgets results in large demand for fiber optic preforms for the optimizations in the products. Hence, the surging penetration of telecom infrastructures fuels the demand for fiber optics technology.

Restraint:

The prolonged production methods of each preform results in high costs of manufacturing. Also, the capacity to produce the finite lengths of preforms hampers the market growth in terms of restricted usage of fibers per production cycle. Thus, the presence of alternatives like copper cables and the expensive costs of such optic preforms are the limiting factors of the market.

Opportunity:

The integration of military, aerospace and defense sectors is anticipated to create lucrative opportunities in the favor of technological advancements. Further, automobiles also cover the functional benefits of interconnectivity and vehicle connectivity to bolster the innovations of autonomous vehicles such as navigation, onboard infotainment, speaking assistance, and others.

COVID-19 Impact:-

The fiber optic preform market witnessed a sudden decline in sales due to restricted production processes within facilities. With China being the logistical hub of the Asia pacific region for fiber optic preforms, the spread of the COVID-19 virus resulted in the complete shutdown of all major industries. Furthermore, the following phases of the pandemic generated growing opportunities for the preforms as the network traffic witnessed a sudden rise due to the digitization of businesses. Thus, the post COVID-19 circumstances of fiber optics witnessed a positive outlook due to the major resumption of organizations. Major IT and telecom sectors experienced a sudden rise in their cloud services due to remote working and growing integration of the workloads to the cloud servers.

Fiber Optic Preform Market Segmentation:



By Type

The type segment is separated into single-mode fiber optic, multi-mode fiber optic, and plastic optical fiber. The multi-mode fiber optic segment is anticipated to account for the major share contribution to the market growth during the forecast period. The convenience of integration in multiple applications due to lower costs and reduced need for precise connectors augments the usage of multiple-mode fiber. The high demand for \"Local Area Networks\" within organizations boosts the integration of such fiber optics that are ideal for accurate data transmission over short distances with multiple connections. Furthermore, the single-mode fiber optic segment is also expected to witness significant growth in terms of volume. These fiber optics are primarily used for faster transmissions over multiple nodes that result in unlimited bandwidth capacity. Thus, the increased demand for less signal loss across long distances facilitates the adoption of single fiber optics among end users such as industrial or manufacturing Kilo Tons.

By Technology

The technology segment is divided into outside vapor deposition (OVD), vapor phase axial deposition (VAD), plasma-activated chemical vapor deposition (PCVD), and modified chemical vapor deposition (MCVD). The outside vapor deposition (OVD) technology is expected to contribute a substantial share to the market growth. This technology results in the production of high-performance glass optical fibers with the reviewed waveguide. During the process, an inert rod is layered with the cladding and core glass deposits created on the outside of the model. This results in the creation of a solid preform which is easily drawn into fibers after the removal of the rod. Thus, the easy production and high-performance preforms via this technology are anticipated to boost the fiber optic preform market share during the forecast period.

By End Use

The end-user segment is categorized into IT & telecommunication, oil and gas, military and aerospace, BFSI, medical, railway, healthcare, and others. The IT & telecommunication industry is projected to contribute the leading share to the market growth in terms of volume. Major enterprises facilitate augmented expenditures for development of the fiber-rich networks. Thus, the surging telecom infrastructures are anticipated to create favorable circumstances for market growth. Moreover, the military and aerospace industries also bolster the growth of the market statistics due to multiple applications in terms of testing. The aspects such as conducting the rigorous testing of the military equipment for ensuring efficient performance and on-field reliability has resulted in the increased usage of fiber optic preforms.

By Region

The regional segment comprises of North America, Asia Pacific, Latin America, Europe, the Middle East, and Africa. In the context of the region, Asia Pacific is estimated to increase its market shares by over 69% during the forecast period. The major production facilities are present in China being the leading manufacturers of fiber optic preforms. Also, the large availability of raw materials along with the low-investment manufacturing equipment within the country strengthens the market presence in the Asia Pacific region.



North America is also projected to provide a growth opportunity for enhanced market presence across the region. The high consumption of precise networking systems among enterprises results in the increased demand for fiber optic preforms. Thus, the surging adoption of advanced technology is projected to fuel the demand for optic fibers for improvements in network interconnectivity.

Fiber Optic Preform Market Competitive Landscape:

The research report published on the fiber optic preform market provides a detailed evaluation of the market trends in terms of product innovations, value chain analysis and other crucial aspects. Thus, the industry players gain an understanding that aids in emphasizing aspects such as expansion of the production capacities, product breadth and width, business strengths and weaknesses, and application launches. Following are the market players that comprise of the overall fiber optic preform industry concentration–

• Fujikura Ltd.
• STL – Sterlite Technologies Limited
• Hengtong Group Co., Ltd
• Furukawa Electric Co., Ltd
• Heraeus Holding
• Prysmian Group
• Sumitomo Electric Industries Ltd.
• Yangtze Optical Fibre and Cable Joint Stock Limited Company
• OFS Fitel LLC