The Europe Fiber Optic Preform Market would witness market growth of 20.2% CAGR during the forecast period (2023-2030).
The fiber optic preforms make optical fibers, which can rapidly transmit data. Optical fibers are flexible, transparent cables composed of silica, plastic, and high-quality glass that function on the total internal light reflection principle. Illumination, light transmission, laser delivery systems, and flexible bundling are the primary applications of fiber optics. Extensive investigation and advancement in fiber optic technology have yielded numerous advancements and facilitated the implementation of optical fibers in multiple sectors. The telecommunications and information technology sectors are substantial users of optical fiber networks.
Consequently, the need for fiber optic cable has increased with the development of fiber-rich network infrastructure. Additionally, the increasing need for communication with wide bandwidth is a significant factor propelling the market. Fiber optic networks can provide exceptionally high data transmission speeds and low latency that next-generation military fighter platforms will require. While the production of fully self-driving uncrewed aerial vehicles (UAVs) is still in its nascent phase, the advancements in fiber optics networks' high-speed capability will facilitate the manifestation of this technology.
Many regional governments have expedited their 5G implementation programs as 5G connectivity offers connected consumers ultra-high bandwidth, virtually universal, and low latency. It is anticipated to function across various sectors and applications, encompassing professional utilization. In addition to being a crucial enabler of AI systems, 5G will collect and analyze data in real-time. Simultaneously, it will revolutionize the cloud by facilitating the infrastructure-wide allocation of storage and computing resources, including edge cloud and mobile edge computing. Consequently, the market for fiber optic preforms is experiencing growth due to the region's swiftly advancing 5G technology.
The Germany market dominated the Europe Fiber Optic Preform Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $890.7 Million by 2030. The UK market is experiencing a CAGR of 19% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 21.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Fiber Optic Preform Market will Hit $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.
By Process
By End-user
By Type
By Country
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