Press release
Ribbon Fiber Optic Cable Market 2025 by Types, Cable Types, Application, Key Manufacturer and Regions
The 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 to 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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The List of Companies - Ribbon Fiber Optic Cable Market
CommScope, Inc.
Corning, Inc.
Fujikura Ltd.
OFS Fitel, LLC
Prysmian SpA
Sterlite Tech
Nexans
Sumitomo Electric Lightwave Corporation
The Siemon Company
Yangtze Optical Fiber and Cable Joint Stock Company
Market Insights
Burgeoning ribbon fiber optic cable demands in growing economies such as China, India and Brazil
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.
Constant growth in number of data centers construction
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.
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The market initiative and new development was observed as the most adopted strategy in global ribbon fiber optic cable market. Few of the recent strategies by some of the players operating in ribbon fiber optic cable market landscape are listed below:-2018:OFS and CommScope have entered into a new eight-year partnership to help ensure the availability of fiber optic supply to CommScope for use in its customers' networks
2017:Fujikura announced the launch of its highest density fiber optic cable called 1728 fibers Wrapping Tube Cable with Spider Web Ribbon
2016:Sumitomo Electric Industries, Ltd. has released a new series of ultra-high-fiber-count ribbon cables to meet the growing need for high fiber density in data centers. The new cables are available in fiber counts of 1152, 1728, and 3456
2016:Corning announced that it has successfully completed its tender offer for acquisition of Alliance Fiber optic Products, Inc.
2016:The Siemon Company introduced Wheelhouse - Advanced Data Center Solutions brand. This will provide extensive range of data center solutions for any size and type of data centers
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
GLOBAL RIBBON FIBER OPTIC CABLE MARKET - BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K
Asia Pacific (APAC)
Japan
China
India
Australia
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
South America (SAM)
Brazil
Contact us:
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
E-mail : sales@theinsightpartners.com
About us:
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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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