According to a new report, published by KBV research, The Global Fiber Optic Preform Market size is expected to reach $21 billion by 2030, rising at a market growth of 20.5% CAGR during the forecast period.
The OVD segment is experiencing a CAGR of 20.7% during (2023 - 2030). The growth of the segment is attributed to the wide range of features offered by outside vapor deposition (OVD), such as high scalability, lower signal loss during data transmission, uniform deposition, and flexibility efficiency in the deposition of silica particles onto the exterior surface. After an adequate number of layers have been deposited, the rod is extracted, consolidating the layers into a solid preform capable of being drawn into an optical fiber.
The Telecom segment is generating highest revenue in the Global Fiber Optic Preform Market, by End-user in 2022; thereby, achieving a market value of $8.4 Billion by 2030. The rise in demand for data transmission and high-speed Internet is accountable for the growth of the segment. The increasing use of cloud services has fuelled the demand for fiber optics, the growing number of smartphones, and the expansion of internet connection. In the coming years, telecommunications firms will prioritize maintaining their competitiveness and value while providing customers with improved service and sophisticated connectivity.
The Single-Mode segment would exhibit a CAGR of 20.8% during (2023 - 2030). The utilization of single-mode fiber over more significant distances is attributed to the reduced thickness of the fiber's glass core. By isolating the light into a single beam, the aperture reduces in size, providing a more direct pathway for the signal to traverse over an extended distance. They experience lower signal loss over longer distances, making them ideal for telecommunications applications that require high data transmission rates.
The Asia Pacific region dominated the Global Fiber Optic Preform Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11 Billion by 2030. The Europe market is anticipated to grow a CAGR of 20.2% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 19.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/fiber-optic-preform-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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