Harrisburg, NC -- (SBWIRE) -- 10/14/2020 -- The Global Fiber Optic Preform Market Research Report 2020 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report describes various segments as well as analysis of the trends and factors that are playing a substantial role in the market. It provides an in-depth study of the Fiber Optic Preform market by using SWOT analysis. This gives a complete analysis of drivers, restraints, and opportunities of the market. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
According to this study, over the next five years, the Fiber Optic Preform market will register a 6.0% CAGR in terms of revenue, the global market size will reach $ 3612.6 million by 2025, from $ 2865.3 million in 2019.
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Top Key Players in the Global Fiber Optic Preform Market: Corning, Fiberhome, Prysmian, Furukawa Electric, Sumitomo Electric, Shin-Etsu, OFS Fitel, Hengtong Optic-electric, Fasten Group, Fujikura, Futong, Zhongtian Technology
Market segment by Type, the product can be split into
VAD
OVD
PCVD
MCVD
The OVD segment accounted for a market share of 35.6% in 2018 and is expected to generate the highest revenue over the forecast period.
Market segment by Application, split into
Telecom Industry
Power Industry
Petroleum Industry
Submarine Cable
Other
Telecom is expected to be the largest segment and is projected to witness considerable growth over the forecast period.
Optical fiber serving a wide range of military and aerospace applications, thus requiring testing is difficult to test durability in harsh environments and to ensure efficient performance and reliability in the field.
Regional Analysis for Market:
For a comprehensive understanding of market dynamics, the global Fiber Optic Preform market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
The Asia Pacific held more than 67.0% of the total market share in 2018 and is anticipated to continue to grow steadily over the forecast period. China produced 7.55 kilotons (kt) of optical fiber preform in the year 2017. The supply-demand gap of 1.75 kt during this production year failed to cater to the demand.
As demand continues to grow, the supply-demand gap will continue to widen. However, it is projected that after 2022, China will gain self-sufficiency in production. Thus, the demand for preform and output is expected to reach 19.4 kt and 20.2 respectively in 2023.
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Table of Contents:
Executive Summary: It includes key trends of the Fiber Optic Preform market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the Fiber Optic Preform market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Fiber Optic Preform market.
Market Segments: This part of the report discusses product type and application segments of the Fiber Optic Preform market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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