Ribbon Fiber Optic Cable Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

The Global Ribbon Fiber Optic Cable Market is estimated to witness a major jump in its revenue from US$ 2,834.6 Mn in 2021 to US$ 7,623.2 Mn by 2030. The market is registering a CAGR of 11.6% over the forecast period 2022-2030. Ribbon fiber optic cable is a typical fiber optic cable. Unlike beam optical cable, ribbon fiber optic cable is arranged into a strip. Ribbon fiber optic cable is a convenient solution for space and weight problems. The cable ribbons are coated optical fibers placed side by side, encapsulated in Mylar tape, similar to a miniature version of wire ribbons used in computer wiring. As the ribbon contains only coated optical fibers, this type of cable takes up much less space than individually buffered optical fibers. As a result, ribbon cables are denser than any other cable design. They are ideal for applications where limited space is available. Ribbon cables also enable mass-fusion splicing, whereby Each 12-fiber ribbon can be spliced in a single, straightforward procedure. This facilitates fast network installation and restoration after cable cuts.

The market is majorly driven by factors such as the rising need for better speed and greater bandwidth among industries and the rapid rise in urbanization, industrialization, and consumer spending. As trends like virtualization and convergence bring increased traffic to 40G/100G data centers, cable with high fiber counts is needed to support growing bandwidth. Relative to cable size, ribbon fiber optic cable provides the highest connectivity density to make every square foot count. Its small OD and superb flexibility make it easier and faster to handle, creating installation possibilities in narrow pathways and small conduits. Ribbon fiber optic cable has recently emerged as a primary cable choice for deployment in campus, building, and data-center backbone applications where fiber counts of more than 24 are required. This design offers robust performance equivalent to the stranded loose-tube cable and provides the maximum fiber density relative to cable diameter when compared to stranded loose-tube and tight-buffered cable designs. Furthermore, the rising work-from-home culture due to the pandemic has increased the need for better speed and greater bandwidth which results in driving the growth of the ribbon fiber optic cables market. Moreover, different local, state and country-level governments are taking initiatives to improve the accessibility of the internet to individuals, such as the Digital India initiative by the Indian government, which is also propelling the market growth. Also, many tech companies are opening their data centers across the globe, which is, in turn, triggering market growth. For instance, IBM opened three data centers in the UK and Tencent Cloud, a China-based cloud corporation launched its first data center in Jakarta, Indonesia. Moreover, the growing integration of advanced and innovative technology in the data center by the key players coupled with rising partnerships between market players will further propel market growth over the projection period. However, the complications associated with the error solving process disrupt the growth of the global ribbon fiber optic cable market over the forecast period. 

Key Insights of the Report: 

• The latest study published by Astute Analytica analyzes the Global Ribbon Fiber Optic Cable Market for the study period of 2017-2030; where the historical years are 2017-2020, the base year is 2021, and the forecast period is 2022-2030.
• The research report offers a detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with an attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.
• The research study is a compilation of 14 chapters distributed across 171 pages with 37 lists of tables and 99 lists of figures.
• The various segmentations considered to analyze the market are based on type, termination, application, and region.
• The market estimates are presented in terms of value (US$ Mn)
• Along with market estimations, the market study was conducted based on various economic models such as Porter’s five force models.
• A detailed value chain analysis of the industry was conducted. It includes raw material providers, RFOC manufacturers, distributors, and end-users.
• The competitive dashboard section includes analysis on the basis of Concentration Ratio (CR), based on market size and market presence of key companies.

Key Takeaways from the Global Ribbon Fiber Optic Cable Market Report:

• Based on type, the multi-mode segment holds the highest market share in 2021 and is further estimated to continue its dominance over the forecast period. The growth of this segment is attributed to rising demand from data centers, telecommunication solutions, and indoor solutions.
• In terms of termination, without MT connector segment holds the highest share in the global Ribbon Fiber Optic Cable Market in 2021, whereas, with MT connector segment registers the highest CAGR over the projection period. The MTP connector is a 12-fiber push/pull fiber optic connector with a footprint similar to the SC simplex connector. These high-density connectors are used to significantly accelerate the network cabling process, minimize errors, and reduce congestion in patch panels.
• Based on the application, the FTTx is estimated to have the highest market share in 2021. The growth of this segment is attributed to technological advancements taking place in data centers and rising initiatives by various governments to increase internet accessibility.
• The Asia Pacific dominates the global Ribbon Fiber Optic Cable Market in 2021 and is estimated to continue its dominance over the projection period. The region is further projected to have the highest CAGR over the forecast period. The rising need for better speed and greater bandwidth among industries coupled with a growing number of data centers in emerging economies such as China, India, and Indonesia among others is accelerating the market growth.

Competitive Dashboard

The key players in the Global Ribbon Fiber Optic Cable Market are Corning, CommScope, Fujikura Ltd, Prysmian, Nexans, and Yangtze Optic Fiber and Cable Joint Stock Limited Company (YOFC) among others. 

Segmentation Overview

The following are the different segments of the Global Ribbon Fiber Optic Cable Market:

By Type segment of the Global Ribbon Fiber Optic Cable Market is sub-segmented into:

• Single Mode
• Multi-Mode

By Termination segment of the Global Ribbon Fiber Optic Cable Market is sub-segmented into:

• With MT Connector
• Without MT Connector

By Application segment of the Global Ribbon Fiber Optic Cable Market is sub-segmented into:

• FTTx
• Long-Distance Communication
• Local Mobile Metro Network
• Other Local Access Network
• Avionics networks
• Digital video systems
• Flight management systems
• Weather radar systems
• CATV
• Ethernet backbone
• Others

By Region segment of the Global Ribbon Fiber Optic Cable Market is sub-segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Taiwan
  • ASEAN
    • Indonesia
    • Thailand
    • Malaysia
    • Philippines
    • Vietnam
    • Singapore
    • Rest of ASEAN
  • Rest of APAC
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Turkey
  • Rest of the Middle East & Africa
• South America
  • Argentina
  • Brazil
  • Columbia
  • Rest of South America