Fiber optic preform market is anticipated to grow at a CAGR of 11.1% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of fiber optic preform to enhance optical performance, increase data transmission rate and improve durability drives the growth of the market. Information technology and telecommunications are two of the main sectors that depend heavily on optical fiber network infrastructure. The main applications for fiber optics include flexible bundling, laser delivery systems, lighting, and light transmission. Advancements in fiber optic technology have resulted from extensive research and development, opening up a wide range of uses for optical fibers in the utilities, oil and gas, medical, and defense sectors.
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In addition, growing applications in a medical device such asX-ray, ophthalmic lasers, light therapy, and surgical endoscopy and microscopy is also creating opportunities for the global fiber optics market. The rising demand for minimally invasive surgeries is the factor that propels the demand in the fiber optics industry. However, fiber optics are more fragile than metal wires and are difficult to connect are the factors that hamper the growth of the fiber optics market during the forecast period. The increase of wireless communication technology and the high initial costs for deployment is another restraining factor for the growth of the fiber optics market during the forecast period.
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Market Segmentation
Global Fiber Optic Preform Market by Process
Outside Vapor Deposition (OVD)
Vapor Axial Deposition (VAD)
Plasma Activated Chemical Vapor Deposition (PCVD)
Modified Chemical Vapor Deposition (MCVD)
Global Fiber Optic Preform Market by Product Type
Single-Mode
Multi-Mode
Plastic Optical Fiber
Global Fiber Optic Preform Market by End-Users
Telecom
Oil & Gas
Military & Aerospace
BFSI
Medical
Others (Railway)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Company Profiles
Avient Corp.
Bandweaver Technologies Ltd.
Coherent Corp.
FiberHome Telecommunication Technologies Co., Ltd.
G&H Group
HENGTONG GROUP CO., LTD.
Heraeus Business Solutions GmbH
Humanetics Innovative Solutions, Inc.
LEONI AG
Nexans S.A.
NKT Photonics A/S
OFS Fitel, LLC
Prysmian S.p.A
Rosendahl Nextrom GmbH
Shin-Etsu Chemical Co., Ltd.
Thorlabs, Inc.
Yangtze Optical Fiber and Cable Co., Ltd. (YOFC)
The Report Covers
Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global fiber optic preform market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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