Wednesday, April 20, 2022

Global Optical Fibre Industry Report: Analysis and Forecast 2022-2027

Optical Fibre Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global optical fibre market reached a value of about USD xx million in 2021. The industry is further expected to grow at a CAGR of about xx% in the forecast period of 2022-2027 to reach a value of around USD xx trillion by 2027. The prices of optical fibre in 2021-22 are expected to be affected by limited production of silica due to stringent dredging regulations and increased demand for Silica in the Semi-Conductor Industry. While the key price indicator in the industry report is the feedstock, the key demand indicator is the highest category spender by region—Asia Pacific.

Optical Fibre: Industry Definition and Segmentation

Scope

Optical fibre cables transmit data signals in the form of light and can travel hundreds of miles faster than traditional electrical cables. Furthermore, optical fibre cables are non-metallic and are not affected by electromagnetic interference, which can reduce transmission speed. Optical fibre cables are also more secure because they do not carry current and thus cannot spark.

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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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