Press release
Ribbon Fiber Optic Cable Market Is Likely to Witness Tremendous Growth by 2025| Corning, CommScope, Fujikura, Prysmian SpA, The Siemon, Sumitomo Electric Lightwave
The global ribbon fiber optic cable market is expected to grow from US$ US$ 2206.0 Mn in 2017 to US$ 4370.3 Mn by 2025 at a CAGR of 8.9% between 2017 and 2025.
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Today, the fiber cables are used to transmit video along with voice and data. The installation of fiber cables in the initial stages was a bit tedious task but with growing awareness and skilled labor have made implementations quite easier. Increasing deployments of data centers in various parts of the world has significantly led to the rise in usage of ribbon fiber optic cable communications. Upcoming technologies where data is transferred in real-time require high bandwidth medium for propagation. High bandwidth requirements are fulfilled by the ribbon fiber optic cable cables.
Key Vendors: Corning, Inc., CommScope, Inc., Fujikura Ltd., Prysmian SpA and The Siemon Company. Also, Sumitomo Electric Lightwave Corporation, Nexans, Sterlite Tech, Yangtze Optic Fibre and Cable Joint Stock Limited Company and OFS Fitel, LLC.
The Ribbon Fiber Optic Cable market segmentation is done on the basis of Type, Cable type and Application. The Type segment of Ribbon Fiber Optic Cable market includes Single Mode Fiber and Multi-Mode fiber. The market segment on the basis of cable type includes gel filled and dry ribbon fiber optic cable.
Also, the market has been segmented on the basis of applications into Datacenters, Telecommunications and Others. On the basis of geography, the Ribbon Fiber Optic Cable market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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Currently, ribbon cables are generally used for indoor applications such as telecommunication room, datacenters, buildings and servers among others. Indoor applications offer low risk of damage than outdoor applications thus, dry ribbon fiber optic cables are in much demand as they do not have to be gel filled to offer extra protection from water or moisture.
The fiber cable capabilities can prove to be useful in the recent times with data explosion over the internet being witnessed owing to big trends like cloud, analytics, big data and IoT. The scope of ribbon fiber optic cable market in this report encompasses types of ribbon fiber optic cable cables available in the market. The Ribbon fiber optic cable market is expected to witness an aggressive growth in the coming few years. The legacy copper cables are being replaced with fiber cables for future related benefits.
Key highlights of the global Ribbon Fiber Optic Cable market for the forecast years 2019-2025:
• CAGR of the market during the forecast period 2019-2025
• Detailed information on factors that will accelerate the growth of the Ribbon Fiber Optic Cable market during the next five years
• Precise estimation of the global Ribbon Fiber Optic Cable market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the Ribbon Fiber Optic Cable industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the Ribbon Fiber Optic Cable companies
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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Contact: Sameer Joshi
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