The global fiber optic preform market revenue was around US$ 5.1 billion in 2022 and is estimated to reach US$ 12.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.4% during the forecast period from 2023 to 2032.

The fiber optic preform is a cylindrical optical glass that helps in the manufacturing of fiber optics in the fiber drawing tower. During the drawing procedure, the optic fibers are drawn through preforms with the coordinated fiber process, the use of the water slurry framework, and coating materials like polyamide, silicone, and acrylate.

Factors Influencing Market Growth

- The optical fiber preform market is expected to grow significantly during the forecast period due to the rise in demand for high-bandwidth communications.

- The rise in the usage of internet services and the demand for high-speed data propel the growth of the global fiber optic preform market.

- The installation costs of the high fiber cable are expected to hinder the growth of the global fiber optic preform market during the forecast period.

- The optical fiber preform market is expected to benefit because of the surge in the reach of communication networks and the development of the data center industry to presents enormous opportunities for the market during the forecast period.

Impact of COVID-19

The impact of the COVID-19 pandemic had a significant influence on the fiber optics preform market. The global economic slowdown and disturbances in supply chains caused by travel restrictions and lockdowns led to a drop in demand for fiber optics, specifically in industries like data centers and telecommunications. This resulted in delayed projects and decreased investments in network infrastructure, affecting the growth of the fiber optic preform market.

Also, the pandemic emphasized the significance of dependable and robust internet connectivity, which could push future demand for fiber optics as societies depend on data transmission and digital communication technologies for education, remote work, and entertainment.

Regional Analysis

In 2022, Europe dominated the global fiber optic preform market size in terms of revenue and is anticipated to maintain its position during the forecast period. Also, the UK is anticipated to appear as one of the fastest-growing countries in Europe's fiber optics preform market because of the rise in the demand for high-speed data transmission networks and telecommunication across the region.

North America is anticipated to grow at the highest growth rate during the forecast period. The U.S. maintains a dominant position in the fiber optics preform market because of the rise in investing in smart city initiatives to improve sustainability and urban living.

Leading Companies

The leading prominent companies profiled in the global fiber optic preform market are:

- Fujikura Ltd
- Furukawa Electric Co., Ltd.
- Hengtong Group Co., Ltd
- Heraeus Holding
- Fiberhome
- Prysmian Group
- Sterlite Technologies Limited
- Sumitomo Electric Industries Ltd
- Yangtze Optical Fiber and Cable Joint Stock Limited Company
- Corning Incorporated.
- Other prominent key players

Segmentation Outline

The global fiber optic preform market segmentation focuses on Process, Product Type, End Use, and Region.

Segmentation based on Process

- OVD
- VAD
- PCVD
- MCVD

Segmentation based on Product Type

- Single-Mode Fiber Optic
- Multi-Mode Fiber Optic

Segmentation based on End Use

- Oil and Gas
- Military
- Telecommunication
- Railway

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa