What is Global Optical Fiber Preform Market?
The Global Optical Fiber Preform Market is a vast and dynamic sector that plays a crucial role in the world's communication infrastructure. This market revolves around the production and distribution of optical fiber preforms, which are essentially the raw materials used in the manufacturing of optical fibers. These optical fibers are integral components in the telecommunications industry, enabling high-speed data transmission over long distances. The market's value was pegged at US$ 2807.4 million in 2022, and it is projected to grow to US$ 4185.3 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2029.
VAD, OVD, PCVD, MCVD in the Global Optical Fiber Preform Market:
The Global Optical Fiber Preform Market is segmented based on the manufacturing process into VAD (Vapor Axial Deposition), OVD (Outside Vapor Deposition), PCVD (Plasma Chemical Vapor Deposition), and MCVD (Modified Chemical Vapor Deposition). VAD is the most dominant segment, accounting for over 55% of the market. Each of these processes has its own unique advantages and applications, and the choice of process depends on the specific requirements of the end product. For instance, VAD is known for its high production efficiency and is therefore widely used in large-scale manufacturing.
Telecom, Power, Petroleum, Submarine Cable, Others in the Global Optical Fiber Preform Market:
The Global Optical Fiber Preform Market finds its applications in various sectors such as Telecom, Power, Petroleum, Submarine Cable, among others. In the telecom sector, optical fibers are used to transmit voice, video, and data across cities, countries, and continents. In the power sector, they are used for grid communications, enabling the efficient management of power distribution. The petroleum industry uses optical fibers for sensing applications in oil and gas wells. Submarine cables, which are laid under the sea, use optical fibers for international data transmission.
Global Optical Fiber Preform Market Outlook:
To rephrase the market outlook, the Global Optical Fiber Preform Market, which was valued at US$ 2807.4 million in 2022, is expected to grow at a CAGR of 5.8% and reach a value of US$ 4185.3 million by 2029. The market is dominated by the top three manufacturers who collectively hold a market share of over 40%. In terms of product type, VAD is the largest segment, accounting for over 55% of the market.
| Report Metric | Details |
| Report Name | Optical Fiber Preform Market |
| Accounted market size in 2022 | US$ 2807.4 in million |
| Forecasted market size in 2029 | US$ 4185.3 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Corning, Prysmian, Shin-Etsu, Furukawa Electric, Sumitomo Electric, Hengtong Optic-electric, Fujikura, OFS Fitel, Fasten Group, Fiberhome, Futong, Zhongtian Technology |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
