The global ribbon fiber optic cable market is anticipated to grow at a CAGR of 9.0% during the forecast period. The major factors for growth of the market are the increasing growth of telecom sector and need for high speed internet across the globe due to cloud computing and IoT. All of these factors will fuel the growth of the market during the forecast period.
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There has been increasing adoption of ribbon fiber optics, due to the increasing demand of high-speed internet across the globe. This adoption will not help only in high-speed internet but, also save cost along with better energy efficiency. Various government policies like BharatNet project initiative by Government of India, where government aims to provide internet to every part of the country, will boost the growth of the market during the forecast period. In 2019, IBM opened three data centres in the UK, and various other data centres have been opened by the tech companies for the storage of the data. These developments will boost the demand for the market during the forecast period. In 2018, OFS and CommScope entered an eight-year contract to supply ribbon fiber optic to its customers across the globe. Some of the key global players in the ribbon fiber optic cable market include CommScope, Inc., Corning, Inc., Fujikura Ltd., Nexans, OFS Fitel, LLC., and many others.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Ribbon Fiber Optic Cable Market
o By Type
? Single – mode
? Multi – mode
o By Cable Type
? Gel Filled
? Dry
o By Cable Market
? Data Centre
? Telecommunications
? Others
Regions Covered
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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