Fiber Optic Preform Market Size Worth $30.13 Billion By 2032 | CAGR: 21.0%

The global fiber optic preform market size is expected to reach USD 30.13 billion by 2032, according to a new study by Polaris Market Research. The report “Fiber Optic Preform Market Share, Size, Trends, Industry Analysis Report, By Process (OVD, VAD, PCVD, MCVD), By Product Type (Single-Mode, Multi-Mode, Plastic Optical Fiber), By End-user, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Extensive research and development in fiber optics technology, driven by the advantages associated with optical communication, have spurred numerous innovations. These advancements have broadened the application of optical fibers beyond telecommunications to industries such as railway, healthcare, defense and aerospace, and oil and gas. This trend is poised to significantly contribute to overall market growth.

The growing adoption of optical fibers has led to an impending scarcity of optical fiber preforms. As a result, there has been a shortage of fiber, leading to a surge in the price of telecom fiber. In response to this situation, manufacturers of optical fiber preform have undertaken measures to augment their production capacity.

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Multiple capacity expansion projects are presently underway in key regions such as the United States, China, and India. Renowned manufacturers like Corning and Yangtze Optical Fibre & Cable Joint Stock Limited are actively engaged in these expansion endeavors, intending to address the current supply gap. These initiatives are expected to make significant contributions, potentially adding up to 3,000 tons of preform capacity. This expanded capacity has the potential to support the creation of 55 to 90 million kilometers of new fiber capacity, effectively meeting the escalating demand for optical fibers in these regions.

China emerges as a prominent consumer in the fiber optic preform market. In July 2018, the Chinese government announced the extension of anti-dumping duties on fiber optic preforms from the United States and Japan for an additional 5-year period. This strategic decision aims to safeguard the interests of Chinese fiber optic preform companies. Furthermore, the move seeks to incentivize local manufacturers to boost investments in research and development, along with encouraging expansion in production capabilities. Through these anti-dumping measures, the Chinese government aims to foster an enabling environment for the growth and competitiveness of the domestic fiber optic preform industry.

Fiber Optic Preform Market Report Highlights

• Multi-mode fiber segment accounted for the largest share, as it is widely used due to its higher efficiency and is highly preferred in the industry
• Telecom segment dominated the market, as there is a rapid rise in data transmission and a surge in smartphones
• APAC dominated the market, as it is a low-cost labor region, with China contributing nearly 50 percent of the total production
• The global players include AFL, Corning, Fujikura, Furukawa Electric, Jiangsu Zhongtian, OFS Fitel, Optical Cable, and Prysmian.  

Polaris Market Research has segmented the fiber optic preform market report based on process, type, end use, and region:

Fiber Optic Preform, Process Outlook (Revenue - USD Billion, 2019 - 2032)

• OVD
• VAD
• PCVD
• MCVD

Fiber Optic Preform, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Single-Mode
• Multi-Mode
• Plastic Optical Fiber

Fiber Optic Preform, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Telecom
• Oil & Gas
• Military & Aerospace
• BFSI
• Medical
• Railway
• Others

Fiber Optic Preform, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Fiber Optic Preform Market Report Scope