The Asia Pacific Fiber Optic Preform Market would witness market growth of 20.6% CAGR during the forecast period (2023-2030).
The telecommunications sector has been transformed by fiber optic communication. Furthermore, it has established a significant impact on the data connections community as well. Optical communications have enabled connections to be installed over significantly longer distances and with reduced transmission medium loss through fiber optic cable. Fiber optical communications have also enabled data transmission at markedly higher rates.
Due to the benefits, fiber optic communications systems are extensively utilized in various contexts, including Ethernet systems, broadband distribution, general data networking, and significant telecommunications backbone infrastructure. Technology companies are investing in fiber optics for their server rooms to maintain the efficiency of their systems. These large technology companies are also expanding their fiber optic networks beneath the ocean floor using cables previously exclusive to the government and telecommunications providers.
The increasing adoption of 5G connectivity propels fiber optics in countries such as Japan, China, and South Korea while stimulating international market expansion. As per the International Trade Administration (ITA), 4 Japanese mobile carriers will collectively invest over $14 billion over the following five years to construct their 5G networks; investments in base stations, fiber optics, and servers are included. Moreover, DOCOMO introduced a limited 5G commercial service in 2020 throughout Japan's main cities. Over $7 billion is anticipated to be invested by the company by 2025 to extend its network to 97% of the populated regions of the country. Thus, the region will present lucrative growth prospects for the market in the coming years.
The China market dominated the Asia Pacific Fiber Optic Preform Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,954.8 Million by 2030. The Japan market is showcasing a CAGR of 19.8% during (2023 - 2030). Additionally, The India market would register a CAGR of 21.4% during (2023 - 2030).
Based on Process, the market is segmented into VAD, OVD, PCVD, and MCVD. Based on End-user, the market is segmented into Telecom, Oil & Gas, Military & Aerospace, BFSI, Railway, Medical, and Others. Based on Type, the market is segmented into Multi-Mode, Single-Mode, and Plastic Optical Fiber. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Fiber Optic Preform Market is Predict to reach $21 Billion by 2030, at a CAGR of 20.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Corning Incorporated, Optical Cable Corporation, Sterlite Technologies Limited, Prysmian Group, Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company, Hengtong Group Co., Ltd., Fujikura Ltd. and Shin-Etsu Chemical Co., Ltd.
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