Optical Fiber Preform Market Revenue Driving Factors and Development Opportunities, 2023
The market is 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.
optical fiber preform industry(firmenpresse) - 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.
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.
Themen in dieser Pressemitteilung:
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advanced-materials-market
advanced-materials-industry
optical-fiber-preform-industry
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Datum: 24.02.2020 - 11:51 Uhr
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