Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Fiber Optic Preform Market (By Process: OVD, VAD, PCVD, MCVD; By Product Type: Single-Mode Fiber Optic, Multi-Mode Fiber Optic, Plastic Optical Fiber Optic; By End-user: Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Railway, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, March 27, 2019 (GLOBE NEWSWIRE) -- The international fiber optics preform market size is anticipated to appreciate USD 9.2 billion by 2026 and the industry is predictable to witness a CAGR of 19.1% during the forecast years. The industry is driven by need for better internet speed. The rise in information traffic in accordance with the proceeded with expansion of tablets, keen gadgets, PCs, and other compact gadgets is foreseen to additionally trigger the demand for optical fiber. The fiber optic preform market is advancing persistently, as it happens to be a crucial component of the inventory network related with the more extensive optical fiber and cable industry.
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Fiber provides customer and businesses faster connection speeds and higher bandwidth carrying capacity than twisted pair conductors. Fiber optic preform brings optical fiber cables directly from operator to building/homes replacing the existing copper cables or coaxial cable, which allows large bandwidth with higher delivery speed for consumers enabling more robust video, internet and voice service. Optical fiber carries bandwidth singles without degradation for more than 60 kilometers whereas, copper wires can carry high bandwidth but for few hundred yards so connection through copper wire is not feasible for longer distance.
Fiber cables offer reliability and consume lower energy to run a network and carries higher bandwidth which is a major driver for this market. Growing demand for high-speed internet in residents due to increasing use of mobile apps and increasing installation of a smart system in home is fuelling the fiber optic preform market. Telecom sector is growing as customers are opting for fast speed internet. Also, vast development in fiber optics and increasing use of the internet is penetrating the fiber optic preform market. However high fiber cable installation charges compared to copper wires can be a major restraint in fiber optic preform market.
The rise in information traffic in accordance with the proceeded with expansion of tablets, keen gadgets, PCs, and other compact gadgets is foreseen to additionally trigger the demand for optical fiber. The fiber optic preform market is advancing persistently, as it happens to be a crucial component of the inventory network related with the more extensive optical fiber and cable industry.
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Telecommunication and information technology are among the real enterprises that depend essentially on an optical fiber network. The need for fiber optic cables has been ascending in accordance with the advancing fiber-rich network infrastructure. The developing need for high data transfer capacity correspondence is one of the conspicuous drivers for optical fiber and henceforth the preform market.
The market is exceptionally focused with a couple of settled and worldwide players in the number one position. It is similarly focused inferable from the vital activities attempted by these players to offer progressed and innovative products. All things considered, the organizations frequently participate in mergers and acquisitions and in reverse coordination to extend their product portfolio, broaden their geographic nearness, and increase an upper hand over their companions. Subsequently, the market has been seeing a high level of internal competition and rivalry among the market occupants.
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The global fiber optics preform market has been classified into process, product type, end-user and region. Based on process, the global fiber optics preform market is segregated into OVD, VAD, PCVD, and MCVD. Based on product type, the global fiber optics preform market is segregated into single-mode fiber optic, multi-mode fiber optic, plastic optical fiber optic. Based on end-user, the global fiber optics preform market is segregated into telecom, oil & gas, military & aerospace, BFSI, medical, railway, and others. On the basis of region, the global fiber optics preform market is bifurcated into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific.
Asia Pacific held over 67.0% of the complete market share in 2018 and is foreseen to continue becoming relentlessly over the gauge time frame. China created 7.55 kilotons (kt) of optical fiber preform in 2017.
As the need keeps on developing, the demand-supply gap would keep on augmenting. Be that as it may, it is anticipated that after 2022, China would get independent regarding generation. Thusly, the demand and yield for preform are required to achieve 19.4 kt and 20.2 kt separately in 2023.
The key companies in the global fiber optic perform market are Shin-Etsu Chemical Co., Ltd, Yangtze Optical Fibre, Cable Joint Stock Limited Company, HENGTONG GROUP CO., LTD., Corning Incorporated, and Sumitomo Electric Industries, Ltd.
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