According to the Market Statsville Group (MSG), the global ribbon fiber optic cable market size is expected to grow from USD 3,149.24 million in 2022 to USD 10,024.45 million by 2033, at a CAGR of 11.1% from 2023 to 2033. A typical fiber optic cable is ribbon fiber optic cable. Ribbon fiber optic cable, as opposed to beam optical cable, is structured in a strip. Factors such as the growing need for faster speeds and larger bandwidth across sectors, as well as the rapid development in urbanization, industrialization, and consumer spending, are driving the market. As trends such as virtualization and convergence boost traffic to 40G/100G data centers, high fiber count cable is required to sustain expanding capacity. Ribbon fiber optic cable has the maximum connection density per cable size, making every square foot matter. Its tiny OD and exceptional flexibility make it easier and faster to handle, allowing for installation in tight paths and compact conduits. Ribbon fiber optic cable has lately emerged as the preferred cable solution for deployment in campus, building, and data-center backbone applications requiring fiber counts more than 24. When compared to stranded loose-tube and tight-buffered cable designs, this design delivers strong performance comparable to stranded loose-tube cable and provides the highest fiber density relative to cable diameter. Furthermore, the growing work-from-home culture as a consequence of the pandemic has boosted the demand for faster speeds and larger bandwidth, which is propelling the ribbon fiber optic cables market forward. Furthermore, several local, state, and national governments are implementing measures to increase internet connectivity for citizens, such as the Indian government's Digital India project, which is further fueling market growth.
Ribbon fiber optic cable is a practical solution to space and weight issues. The cable ribbons are made up of coated optical fibers that are stacked side by side and encased in Mylar tape, much like a smaller form of wire ribbons used in computer cabling. This form of cable takes up significantly less space than separately buffered optical fibers because the ribbon comprises solely coated optical fibers. As a result, ribbon cables have the highest density of any cable type. They are appropriate for situations when space is restricted. Ribbon cables also support mass-fusion splicing, which allows each 12-fiber ribbon to be spliced in a single, simple process. This facilitates fast network installation and restoration after cable cuts.
The implementation of lockdown has encouraged the ‘work from home’ trend across the globe. With the rapid increase in ‘work from home’ facility, the demand for data centers, especially cloud-based data centers increased during April-May 2020. Working from home has burgeoned the demand for data centers and fiber optic cables industry as well as cloud solutions, especially Software as a Service (SaaS), which in turn, has increased the traffic to data centers. Through data center and stable network infrastructure, the companies were able to manage their data from a remote location due to data center networks working full throttle. Therefore, amidst the COVID-19 pandemic, the ribbon fiber optic cable is being classified as one of the essential services in data center and telecommunication firms. The emergence and acceptance of the new normal, with the continuous rise in adoption of cloud and acceleration of digitization, have now gradually becoming the pillars of the business continuity strategies for the post-Covid-19 world.
With the sudden outbreak of COVID-19, government across the world-imposed lockdown and every manufacturing facility were at halt. Employees were asked to do their work from home and several other mandates has been imposed to fight against the pandemic. The work from home culture has increased the need for better speed and greater bandwidth which results in driving the growth of ribbon fiber optic cables market. The need for higher speed and bandwidth is observed in telecom industry. Fiber optics technology is gaining traction and running VoIP over the fiber network is preferred for most small businesses. The reliability and bandwidth of a private fiber-optic network is much higher than standard broadband internet connections. A private fiber-optic network allows the data to travel unobstructed and securely, avoiding public internet traffic. Also, the fiber optics technology has been steadily growing popularity, and adoption of the technology has grown to replace traditional and cellular networks to improves flexibility and high data volume exchange capabilities. Thus, high adoption of fiber optic technology in telecom sector would propel the demand for cables and connectors. Wi-Fi, LTE, LAN based Ethernet technologies are now being leveraged for industrial applications, and thereby providing a starting point for increasingly demanding, transformative automation using 5G networks. Hence, rising need for better speed and greater bandwidth among industries would propel the growth of ribbon fiber optic cables during the forecast period.
During Covid-19, various business runs on digital basis, due to instituted work from home policies, enacted temporary closures of businesses, issued quarantine orders and took other restrictive measures in response. In such crisis network issues are already frustrating to handle, but they can spell out disaster when they happen on a commercial or industrial network. As a result, complication associated with error solving process is a restraining factor which is influencing the growth of the market over the forecasting period. Loose connections are present in every network. With the millions of connectors installed, there are ways they can become loose to cause performance issues. As per the PPC online Organization in, majority of technicians report finding shows that more than 25% of indoor connectors loose and more than 6% of outdoor connector are sound to be loose. Also, establishing electrical connections in harsh environments can also cause serious issues and can create an open circuit. For Instance: moisture trapped inside a connector can cause issues ranging from unnoticed to serious, depending on the demand of the systems. also, this can also reduce efficiency, thus making the connector work harder to keep the demand.
The growing number of development of data centers across the world due to efficiently manage data from a remote location and further have a flexible work performance done remotely during the COVID-19, thereby creating a lucrative growth opportunity for the market. For instance, in 2020, Oracle launched its second data center in Hyderabad, India, which is expected to meet increased demand for secure cloud services from existing and new clients. These developments of smart data centers will require more skilled staff; however, these facilities are now focused to provide these services to various industries and individuals, thereby driving the market growth. Moreover, the growing integration of innovative and advanced technology in the data center by the key players coupled with rising partnerships between market players will further spur the growth outlook for the ribbon fiber optic cable market during the forecast period.
The study categorizes the ribbon fiber optic cable market based on type and application area at the regional and global levels.
Based on the type, the market is bifurcated into single mode and multi-mode. The multi-mode segment is expected to dominate the market share in 2022 in the global ribbon fiber optic cable market. Multi-mode optical fiber is a form of optical fiber that is typically used for short-distance communication, such as within a building or on a campus. Multi-mode lines can handle data speeds of up to 100 Gbit/s. Because of modal dispersion, multi-mode fiber has a relatively wide core diameter, allowing many light modes to be propagated but limiting the maximum length of a transmission connection. Multi-mode optical fiber communications equipment is less costly than single-mode optical fiber communications equipment. Due to these reasons this segment has dominated the market over the forecast period in all over the world.
Based on the regions, the global ribbon fiber optic cable market has been segmented across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific is projected to account the highest market share in 2022. It is due to the increasing remote job and cheap internet services in this region has boost this market for the forecasting period. Remote work surged in the pandemic era but this trend, borne of necessity for public health and has now become a fixture of the Asian job market. Due to this increase in remote working people are move towards high speed internet services to do their work and this has increase the demand of this market.
The ribbon fiber optic cable market is extremely cutthroat, and significant competitors in the sector are using strategies including partnerships, collaboration acquisitions, agreements, product launches, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
Frequently Asked Questions
Want to Review Complete Market Research Report
Budget constraints? Get in touch with us for special pricing
Request for Special PricingCustomize this Report
Related Reports
Near Field Communication Market 2021: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2027
Mar 20243D Sensor Market: Industry Size, Growth, Emerging Trends, Regional Analysis, Opportunities, and Forecast By 2033
Mar 2024Semiconductor Silicon Wafer Market 2022: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030
Mar 2024Outdoor LED Display Market 2021: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2027
Mar 2024Smart Mirror Market 2022: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030
Mar 2024