Procurement Resource’s New Optical Fibre Industry Intelligence Report (2022) Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

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According to a new report by Procurement Resource titled, ‘Global Optical Fibre Industry Report: Analysis and Forecast 2022-2027’, the global optical fibre market attained a value of about USD xx in 2021. The industry is further expected to grow at a CAGR of xx% in the forecast period of 2022-2027 to reach a value of USD xx by 2027.

Category Driver

The global optical fibre market is expected to grow on account of increasing use in IT and Telecommunications. China is spearheading the demand for optical fibre owing to its ambitious FTTH (fibre to the home) expansion projects. Furthermore, new optical fibre infrastructure projects are being set up by the governments of emerging economies like Brazil, India, Mexico and Argentina to accommodate their increasing internet demand. The industry competition is fragmented with several regional players vying to capture maximum market share. Silica is the primary feedstock for glass optical fibre, while PMMA (polymethyl methacrylate) is the primary feedstock for plastic optical fibre. Optical Fibre is used in various applications including IT and Telecommunications, Military and Aerospace, and BFSI among others.

Industry developments in terms of technology/innovation/R&D/sustainability

In April 2020, Prysmian Group announced the launch of the world's first 180m fibre cable for FTTx and 5G networks. The product has one of the smallest diameters (6.5mm for a 288-fibre blown micro-duct cable) of all-optical fibre cables and a density of 8.7 fibres per mm2, enabling the installation of 288 fibres into 8mm ID ducts that could previously house a maximum of 192 fibres. Furthermore, the unparalleled density and diameter of the product allow cost-effective, faster, and environmentally friendly installation.

Key Findings of the Report:

  • Regulations and restrictions on dredging activities in Asia Pacific will result in a price increase.
  • Large-scale manufacturing disruptions due to the COVID 19 pandemic resulted in supply constraints and increased optical fibre prices.
  • Key silica suppliers in the United States are raising their prices by up to 15% to counterbalance the increased expenditure of transportation, energy, materials, and manufacturing costs that will cause a price surge for optical fibre.
  • In 2018, the NEC Corporation signed an agreement with the Southeast Asia-Japan 2 (SJC2) consortium to construct a high-performance submarine cable connecting Mainland China, Hong Kong, Thailand, Singapore, Cambodia, Korea, and Japan, providing a massive upgrade to fibre connectivity across the region.
  • Cost of methyl methacrylate (feedstock of PMMA), decreased during the 4th Quarter of 2021, on account of low demand from the downstream industry.
  • The industry report includes value chain analysis, cost structure, price movement, demand and price indicators, negotiation levers and procurement best practices
  • Key suppliers in the report include Corning Inc., Yangtze Optical FC, Sumitomo Electric Industries, Prysmian S.p.A., Shenzhen HTGD Intelligent Equipment Co., Ltd., Furukawa Electric Co., Ltd.

Why Choose Procurement Resource?

  • The optical fibre industry report includes preferred sourcing strategies by key suppliers present in the category
  • The report provides an overview on the production process along with recent technologies being positioned
  • The information regarding price movement, price hedging, feedstock prices, and feedstock demand-supply are also included in the report
  • The optical fibre industry report further offers category specific regional trends and market dynamics
  • The report also covers supplier profiles including financial data, product portfolio and recent category-based initiatives 
  • It provides extensive data pertaining to demand, supply, cost, and pricing of optical fibre, along with an in-depth analysis on key indicators on category demand and pricing 
  • The optical fibre industry report provides category-based buyer and supplier negotiation levers and sourcing and procurement practices
  • The report extensively assesses the demand influencing and restricting factors on a regional and global level

About Us:

At Procurement Resource we have a team of highly skilled and seasoned experts who undertake extensive research to deliver our customers the newest and most up-to-date sourcing and procurement reports, cost models, price analysis, benchmarking, and category insights, which support our clientele to simplify their procurement process. Procurement Resource ensures that our clients remain at the forefront of their industries by offering actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. We work with a varied collection of procurement teams across industries to get insights and real-time data that our customers can effectively execute. Our team also tracks the prices and production costs of a broad range of goods and commodities, thus, providing our clients with updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge methodologies in the industry, assist our clients to understand the supply chain, procurement, and industry environment to form strategies that ensure their optimum growth and success in every step.

Contact Us:

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