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
- Segment Covered-
o By Type
o By Cable Type
o By Application
- Competitive Landscape –CommScope, Inc., Corning, Inc., Fujikura Ltd., Nexans, OFS Fitel, LLC., and many others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
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