Global optical
fiber preform market is expected to grow significantly in the forecast
period owing to the increasing and developing telecommunication industry.
Optical fibers are a medium for networking and telecommunication. It is
transparent and flexible light pipe that transmits light between the ends of
the fiber. A fiber optic system comprises three major components; fiber optic
cable, optical transmitter, and optical receiver. Optical fiber preform is an
essential element in cable and optical fiber industry.
PRC claims the highest mobile phone
penetration rate on the global scale, with extensive number of internet
connections established through mobile devices. Hence, such strong dependence
on smartphone connections is anticipated to drive optical fiber preform market.
Also, along with the large deployment scale of gigabyte network, global demand
for optical cable and fiber is accelerating the demand, which ultimately boosts
the market growth. The market is also driven by the increase in demand for
higher bandwidth and comparatively faster speed connections for multiple
residential and industrial applications. Hence, fiber optic transmission is
gaining attraction by several industries at a good pace. However, high cost of
optical fibers are restraining the market growth.
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The prevalent market participants are
focusing on exquisite competition and speedy innovations in devices. These
trends are expected to affect the growth of the market in the near future. Most
market players are focusing on acquisition strategy for expanding their reach
by offering quality products worldwide. Moreover, advent of new products is
expected to intensify the market competition. Hence, strategic alliances are
being adopted by leading players for (NPD) new product development and creating
strong market presence.
The market is categorized on the basis
of type, application, end user, and geography. On the basis of type, market is
divided into outside chemical vapor deposition (ovd), modified chemical vapor
deposition (mcvd), plasma activated chemical vapor deposition (pcvd) and vapor
phase axial deposition (vad). Amongst them, vapor phase axial deposition (vad)
and outside chemical vapor deposition (ovd) are widely used for manufacturing
single-mode fiber optic.
Based on application, market is
bifurcated into multi-mode fiber optic and single-mode fiber optic. Single-mode
fiber optic is expected to lead the market owing to fewer complexities
associated with manufacturing processes and easy installation. In terms of end
users, market is split into telecom industry, petroleum industry, submarine
cable and power industry. Telecom industry is predicted to hold larger share of
the market owing to the increase in demand form the segment.
Geographically, optical fiber preform
market is segmented as North America, South America, Europe, Asia Pacific and
Middle East & Africa. North America is expected to dominate the market due
to growing technological innovations in the domain. The major market
participants in optical fiber preform market include Sumitomo, Prysmian Group,
Shin-Etsu, Corning, Hengtong Guangdian, Furukawa, Jiangsu Zhongtian, Fiberhome,
Fujikura, OFS Fitel, Fasten Group, Futong Optical and YOFC.
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