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Global Ribbon Fiber Optic Cable Market To 2025 Trends, Growth, Top Key Players are CommScope, Corning, Fujikura, OFS Fitel, Prysmian SpA, Sterlite Tech, Nexans, Sumitomo Electric Lightwave, The Siemon, Yangtze Optic Fibre and Cable Joint Stock

Press release   •   Aug 30, 2019 12:12 IST

Global Ribbon Fiber Optic Cable Market

The global ribbon fiber optic cable market accounted for US$ 2,066.1 Mn in 2016 and is expected to grow at a CAGR of 8.9% during the forecast period 2017 – 2025, to account for US$ 4,370.3 Mn in 2025.

The ribbon fiber optic cable market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. Within this market, various regions are observed to exhibit different growth trends. The North America (NA) and Europe (EU) in total holds more than 70% total market, while the regions such as Asia Pacific (APAC), Middle East and Africa (MEA) and South America (SAM) are exhibiting a high growth due to various factors such as increase in internet infrastructure and rise in the lifestyles of individuals in developed as well as developing countries of the world. Adoptions of ribbon fiber optic cable is expected to accelerate at a high growth rate in the coming few years due to technology, communications and government industry verticals’ inclination towards adopting such solutions which can provide better energy efficiency, easy capacity expansion and optimized CAPEX. Many Telecommunication service providers have adopted ribbon fiber optic cable solutions owing to the various advantages it offers, thus influencing the market revenues and growth rates globally. Asia Pacific region in global ribbon fiber optic cable is expected to witness a CAGR growth rate of 11.5% in the coming years.

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Some of the leading players in global market are CommScope, Inc., Corning Inc., Fujikura Ltd., OFS Fitel, LLC, Prysmian SpA, Sterlite Tech, Nexans, Sumitomo Electric Lightwave Corporation (Sumitomo Electric Industries Ltd.), The Siemon Company, Yangtze Optic Fibre and Cable Joint Stock Limited Company (YOFC)

GLOBAL RIBBON FIBER OPTIC CABLE MARKET – SEGMENTATION

GLOBAL RIBBON FIBER OPTIC CABLE MARKET – BY TYPE

  • Single-mode
  • Multi-mode

GLOBAL RIBBON FIBER OPTIC CABLE MARKET – BY CABLE TYPE

  • Gel Filled
  • Dry

GLOBAL RIBBON FIBER OPTIC CABLE MARKET – BY APPLICATION

  • Datacenter
  • Telecommunication
  • Others

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Government policies in India like the BharatNet project that is concerned with implementations of ribbon fiber optic cable cables in the rural areas have resulted in the higher growth of this market. A hugely populated country, India, is potentially a very big market for the growth of fiber optics. By the BharatNet project, the Government intends to connect 1 million gram panchayats by the end of March 2017 out of which almost 70% of the connections have already been laid. Objectives to improve broadband penetration in the remote parts of the country has helped to boost the implementations of ribbon fiber optic cable networks. Most of the projects have been Greenfield projects. That have allowed easy implementations without much costs. This factor has been driving the ribbon fiber optic cable market in India over the years. Similar trend is anticipated to drive the growth of ribbon fiber optic cable market.

Several major cloud providers are planning to construct their data centers in European countries. For instance, Amazon is planning to build a US$ 1.08 Mn (Euro 1 Mn) data center in Dublin; IBM plans to open three data centers in UK; also, after two data centers in Ireland and Denmark, Facebook is announced to construct its third data center in Denmark. Furthermore, Interxion has plans to invest US$ 87.8 Mn (Euros 83 Mn) to construct new data center facilities in London, Frankfurt, and Stockholm. This constant growth in the numbers of data centers to be constructed in the near future will help the vendors in the supply chain of data center construction to look forward to the opportunities prevailing in the market. Thus, with the increase in data center construction, the demand for ribbon optic fiber cable is anticipated to increase, which is foreseen to create substantial business space for ribbon fiber optic cable market players in the future.

The global ribbon fiber optic cable market by type is segmented into categories namely; single mode ribbon fiber optic cable and multi-mode ribbon fiber optic cable. Multi-mode fiber optic cables are used in indoor solutions to provide higher bandwidth and high speed over medium distances. Ribbon fiber optic cables are mostly used for indoor locations which packs multi-mode fiber optic cables thus providing scalability in terms of space management in a confined location, which resulted in the maximum share of the ribbon fiber cable optic market. However, increase in usage in data centers, Telecommunication solution and telecommunication rooms is further going to drive the market for multi-mode ribbon fiber optic cables. Multi-mode ribbon fiber optic cable segment is the fastest growing type segment in ribbon fiber optic cable market and is expected to grow at a prestigious CAGR during the forecast period.

The cable type segment in ribbon fiber optic cable market include gel filled and dry ribbon optic cables. Gel filled ribbon cables offers better water and moisture protection but resulting in higher prices. Thus, dry ribbon fiber cables is expected to capture majority of the share in the ribbon fiber optic cable market. Major applications of ribbon fiber optic cable cables are related to the telecom industry and data centers generally prefers dry cables for indoor use has boosted the market for dry ribbon fiber optic cable market. Price advantage coupled with less hassle while splicing and bending of wire has bolstered the demand for dry ribbon fiber optic cable market. Additionally, ribbon fiber optic cables are mostly used for indoor applications which does not requires the extra protection of gel to stop water or moisture entering the cable has further leapfrogged the market for dry ribbon cables. Thus, dry ribbon fiber cable segment in the ribbon fiber optic cable market is expected to surge at a prime rate during the forecast period.

The application segment in ribbon fiber optic cable market are datacenters, telecommunication and others. The others segment include FTTX, buildings and offices. Major applications of ribbon fiber optic cable cables are related to the datacenters as ribbon fiber cables helps reduce and manage a large matrix of individual fiber optic cables in a small space. Growth of this segment is primarily driven by technological advancement in modern data processing servers and storage systems. Utilization of advanced analytical techniques across enterprises is demanding the deployment of high speed processing equipment in data center facilities. Further, development in cloud computing is encouraging the companies to replace old IT infrastructure equipment in order to keep pace with innovation. The datacenter segment in the ribbon fiber optic cable market is expected to surge at an exponential rate during the forecast period.

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