Optical Fiber Preform Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“PRC claims the highest mobile phone penetration rate on
the global scale, with extensive number of internet
connections established through mobile devices. Hence,
such strong dependence on smartphone connections is
anticipated to drive optical fiber preform market.”
Global optical fiber preform market is expected to grow significantly in the forecast period owing to the
increasing and developing telecommunication industry. Optical fibers are a medium for networking and
telecommunication. It is transparent and flexible light pipe that transmits light between the ends of the fiber. A
fiber optic system comprises three major components; fiber optic cable, optical transmitter, and optical
receiver. Optical fiber preform is an essential element in cable and optical fiber industry.
PRC claims the highest mobile phone penetration rate on the global scale, with extensive number of internet
connections established through mobile devices. Hence, such strong dependence on smartphone connections
is anticipated to drive optical fiber preform market. Also, along with the large deployment scale of gigabyte
network, global demand for optical cable and fiber is accelerating the demand, which ultimately boosts the
market growth. The market is also driven by the increase in demand for higher bandwidth and comparatively
faster speed connections for multiple residential and industrial applications. Hence, fiber optic transmission is
gaining attraction by several industries at a good pace. However, high cost of optical fibers are restraining the
market growth.
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The prevalent market participants are focusing on exquisite competition and speedy innovations in devices.
These trends are expected to affect the growth of the market in the near future. Most market players are
focusing on acquisition strategy for expanding their reach by offering quality products worldwide. Moreover,