Fiber Optic Preform Market Expected to Reach $12.4 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Fiber Optic Preform Market,"By process, product type and end user. 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.

The fiber optic preform is cylindrical optical glasses that is used in fiber drawing tower from which fiber optics are produced. During the drawing process, the optic fibers are drawn via preforms with the usage of the water slurry framework, coordinated fiber process, and coating materials such as silicone, polyamide, and acrylate. They are critical for military communication, telecommunication, railway, and oil and gas industry. Fiber Optic includes a wide range of capabilities such as high data transmission capacity, low attenuation, low latency, high-speed internet, wide transmission range, low energy loss, and more.

The increased investment in telecom infrastructure, combined with continuous advancements in fiber optics technology, is expected to drive the global optical fiber preform market over the forecast period. Furthermore, as fiber-rich network infrastructure evolves, the demand for fiber optic cables is expected to increase, which is anticipated to significantly fuel the global optical fiber preform market growth. Furthermore, the rise in demand for high bandwidth communication is one of the key factors expected to propel the global fiber optic preform market growth during this forecast period. Furthermore, increased data traffic means increased demand for optical fiber networks, which drives the growth of the fiber optic preform market. The growing interconnectivity among end-user industries such as IT & telecommunications, retail, and business enterprises boosts the market growth in terms of rise in digital infrastructure. Such digitization requires high-performance fiber optics which are produced with the help of preforms.

However, there are high installation and maintenance costs, a barrier to the expansion of the fiber optic preform industry. These costs include not only the purchase of the electro optics system but also the installation of the necessary supporting infrastructure. Fiber optic cable installations often require specialized equipment for tasks like trenching, drilling, and fiber fusion splicing. The cost of acquiring and maintaining this equipment adds to the overall installation expenses. These high costs be a barrier to the adoption and utilization of fiber optic technology, particularly for smaller firms or organizations with restricted finances. Ongoing advancements in fiber optic technology are leading to innovations that reduce installation complexity and costs. For example, advances in micro duct and air-blown fiber technologies enable faster and less intrusive deployments. While installation costs remain a challenge, the increasing demand for high-speed internet access, the growth of 5G networks, and the expansion of data centers are driving the need for fiber optic connectivity. 

The fiber Optic preform market size is segmented based on By 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 fiber optic preform market share is segmented into Oil and 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 FINDINGS OF THE STUDY

• The fiber optic preform market analysis is expected to grow significantly in the coming years, driven by the rise in demand for high bandwidth communication.
• The market is expected to be driven by the demand for the MCVD process.
• The market is highly competitive, with several major players competing for market share. The competition is expected to intensify in the coming years as new players enter the market.
• The Asia-Pacific region is expected to be a major market for fiber optics preform market owing to an increase in adoption of advanced technologies in the region.

The key players profiled in the fiber optic preform market trends, 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 are provided in this report. Product launch and acquisition business strategies were adopted by the major market players in 2022.