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Fiber Optic Preform Market Trends

  • Report ID: GMI9847
  • Published Date: Jun 2024
  • Report Format: PDF

Fiber Optic Preform Market Trends

In the fiber optic preform industry the development of high-capacity networks is one of the biggest developments in the market. There is a significant push to upgrade current network infrastructures to manage larger data loads due to the exponential rise in data consumption due to streaming services, cloud computing, and the Internet of Things (IoT). As they offer the high bandwidth and low latency needed for these cutting-edge applications, fiber optic preforms—which are crucial for producing fiber optic cables—are in high demand.
 

Another noteworthy development is the quick adoption of 5G technology. Wide deployment of 5G networks by telecom providers is making massive fiber optic infrastructure increasingly necessary. To provide the speeds and connectivity that 5G promises, a dense network of tiny cells connected by fiber optics is required, boosting the preform market. Thus, the market will benefit from investments in 5G technology. Also, the market for fiber optic preforms is expanding owing to the emergence of smart cities that depend on strong and dependable networked systems for efficient utilities, public safety, and traffic control.
 

In addition to these patterns, the industry is expanding due to developments in fiber optic technology. Innovations in materials & production techniques are increasing the cost-effectiveness and efficiency of fiber optic cables. For instance, improvements in preform production methods have produced fibers of superior quality that are more durable and involve less signal loss. Owing to these developments, fiber optic technology is becoming more accessible to a wider range of businesses & applications and lowering entry barriers.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for fiber optic preform recorded USD 5.6 billion in 2023 and will expand at 20% CAGR between 2024 and 2032 owing to the surging demand for high-speed internet and advanced telecommunications, and the proliferation of smart devices.

The single-mode segment in the fiber optic preform industry will register 25% CAGR through 2032, attributed to its superior performance in long-distance and high-bandwidth applications.

Asia Pacific industry captured 35% share in 2023, driven by rapid urbanization, increasing internet penetration, and significant investments in telecommunications infrastructure.

Prominent firms operating in the fiber optic preform industry are Corning Incorporated, Fujikura Ltd., Furukawa Electric Co., Ltd., HENGTONG Group Co., Ltd, Prysmian Group, Sterlite Technologies Limited, and Sumitomo Electric Industries, Ltd, among others.

Fiber Optic Preform Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 285
  • Countries covered: 22
  • Pages: 210
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