The global optical fiber preform market was valued at USD 3.8 billion in 2019 and is expected to surpass USD 13.2 billion by 2026, registering a CAGR of 23.06% during the forecast period (2020-2026), as highlighted in a report published by Facts & Factors.

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Market Overview:

Fiber optics, also known as optical fibres, are flexible transparent fibre cables that are used as a medium of information transmission based on the principle of total internal reflection of light. Preforms are glass pieces used to draw an optical fibre. Preforms are the first stage in the production of optical fibres. Fiber optics is primarily used in laser delivery systems, light transmission, and illumination.

The growing demand for high-bandwidth communication, as well as the rapid upgrade and installation of fiber-rich network infrastructure, are the primary drivers of optical fibres and, by extension, the preform market. Furthermore, the demand for fibre optic cables has been increasing as a result of the tremendous increase in data traffic, which is expected to further catalyse the demand for optical fibre.

The fibre optic preform market is constantly evolving due to extensive research and development into fibre optic technology, which has improved performance and suitability for applications in the oil and gas, medical, utilities, and defence industries. It is worth noting that the global market is highly saturated, with only a few multinational players well-positioned in it. Because of the market environment, many companies are engaging in mergers and acquisitions to expand their businesses and gain a competitive advantage.

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Regional Overview

Over the forecast period, the OVD segment is expected to generate the most revenue. On the basis of product type, the multi-mode segment is expected to grow significantly during the forecast period. Multi-mode has a much wider core than single-mode and typically uses a longer wavelength of light. Telecom is expected to be the largest segment, with excellent growth over the forecast period. The Asia Pacific region dominated the global market and is expected to maintain its dominance over the forecast period. China, India, and Japan are the three largest revenue-generating markets in the Asia Pacific region.

Key Market Players:

Major players operating in the global optical fiber preform market mentioned in this report include Yangtze Optical Fibre and Cable Joint Stock Limited Company, Shin-Etsu Chemical Co., Ltd, Sumitomo Electric Industries, Ltd., HENGTONG GROUP CO., LTD. and Corning Incorporated among others.

Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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