Global Optical Fibre Industry Report: Analysis and Forecast 2022-2027
Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Optical Fibre Industry Report
The global optical fibre industry was valued to be worth USD 7.2 billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 12.7 percent, achieving a value of around 9.3 billion by 2027.
The Optical Fibre industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. Limited silica output due to strict dredging restrictions, and increased demand for Silica in the Semi-Conductor Industry, are expected to have an impact on optical fibre pricing in 2021-22. The Asia Pacific is the biggest category spender by region which is impelling the demand for the optical fibre industry.
Optical Fibre: Industry Definition and Segmentation
Scope
A data transmission system that uses a plastic or glass fibre to transfer data or information as light pulses is known as optical fibre. Optical fibres are utilised for high-performance and long-distance data networking. It’s used in a wide range of telecommunications services, including phone calls, the internet, and television. The optical fibre market is divided into segments based on material types such as glass and plastics, cable types such as single-mode and multiple modes, and application sectors such as IT and telecoms, military, and aerospace, BFSI, and others, according to the study.
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The optical fibre industry report includes segmentation based on:
- Types of material – such as glass and plastics
- Types of cable – such as single mode and multiple mode
- Application – such as IT and telecommunications, military, and aerospace, BFSI, and others
Snapshot of the Report
The regional markets for categories/parent industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Category Drivers
The market is projected to be driven by the advent of the internet of things (IoT) technology. As the number of connected devices grows, there will be a larger demand for higher bandwidth, which will in turn fuel the optical fibre deployment. The market is further aided by the growing demand for the internet on the back of increased smartphone penetration rates and the development of ICT infrastructure across rural and semi-urban regions.
Category Insight by Region
The increasing prevalence of smartphones and the introduction of 4G and 5G technology across the Asia Pacific region is projected to contribute to the growth over the forecast period. Moreover, increased investments in optical fibre infrastructure projects by developing nations such as China, India and Pakistan are expected to boost regional growth. In 2018, the Southeast Asia-Japan 2 (SJC2) consortium agreed to develop a high-performance submarine cable connecting Singapore, Thailand, Mainland China, Hong Kong, Cambodia, Korea, and Japan with the NEC Corporation. This will result in a significant increase in fibre connectivity throughout the region.
Feedstock pricing
Global silica prices are expected to rise with the increasing global population and construction and automobile manufacturing activities. The increase in demand for high-purity quartz has further broadened the silica demand-supply deficit. The Asia-Pacific region’s silica prices are expected to rise due to increased demand and supply constraints caused by depletion and environmental restrictions on dredging across the region. Meanwhile, in the United States, key manufacturers such as U.S. Silica are raising their prices by up to 15% to offset the increased expenditure on transportation, energy, materials, and manufacturing costs that will increase the price of optical fibre. Moreover, the increase in feedstock prices has surged the optical fibre prices for optical Fibre in Europe.
Feedstock Demand/Supply Overview
Silica production has been significantly reduced in major companies because of mandatory regulations limiting dredging activities. While increased demand for Silica, particularly for semiconductors in China, Taiwan, Japan, and South Korea, has resulted in supply disruptions due to lower feedstock production and imports. Meanwhile, methyl methacrylate (feedstock of polymethyl methacrylate) is experiencing low downstream demand due to excess production capacity in the Asia Pacific region during Q4, 2021.
The European market demand is stable to moderate, owing to a 30% drop in automotive sector demand due to ongoing microchip scarcity during Q4. Despite the abundance of raw materials, supply is still limited due to high natural gas and electricity costs. Furthermore, in the North American market, demand and supply of MMA are balanced, with increased supply and decreasing prices.
Best procurement practices
The global optical fibre industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major consumers of optical fibre across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
IT and Telecommunications was the largest application segment on account of the increased data traffic following the introduction of e-commerce and OTT services, which necessitated the development of a transmission medium capable of handling the high-speed requirements, aiding the segment’s growth. Meanwhile, the military and aerospace segment are expected to witness healthy growth due to increased military spending on modern communication and network infrastructure.
Key supplier profiles included in the Global Optical Fibre Industry Report
The major players in the market are Corning Inc., Yangtze Optical FC, Sumitomo Electric Industries, Prysmian S.p.A., Shenzhen HTGD Intelligent Equipment Co., Ltd., Furukawa Electric Co., Ltd. The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliers.
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