The Global Ribbon Optical Cable Market Will Exceed US$7.6232 Billion In 2030, Dominated By Multi-mode Segments

The Global Ribbon Optical Cable Market Will Exceed US$7.6232 Billion In 2030, Dominated By Multi-mode Segments

 

According to a study conducted by Astute Analytica, the global fiber optic ribbon cable market revenue will grow from $2,834.6 million in 2021 to $7,623.2 million in 2030. During 2022-2030, the compound annual growth rate of this market is 11.6%.
The study analyzed that local area networks (LANs) and data center networks are generating more and wider deployments of cable fiber to meet growing system bandwidth demands. Ribbon cables are now being deployed to meet these needs because they offer the highest fiber density relative to cable size, maximize path and space utilization, reduce weight, and are easy to install at the end.

 

Ribbon Optical Cable Market Will Exceed US$7.6232 Billion In 2030.webp
Factors such as increased demand for faster speeds and greater bandwidth in various industries, urbanization, industrialization, and rapid growth in consumption are the driving forces behind this market growth. And as trends such as virtualization and convergence bring more traffic to 40G/100G data centers, more fiber optic cables are needed in connected regions to support the growing bandwidth.
Factors such as increased demand for faster speeds and greater bandwidth in various industries, urbanization, industrialization, and rapid growth in consumption are the driving forces behind this market growth. And as trends such as virtualization and convergence bring more traffic to 40G/100G data centers, more fiber optic cables are needed in connected regions to support the growing bandwidth.
Relative to cable size, flexible ribbon cables offer the highest connection density per square foot. It has a small outer diameter, good flexibility, easy operation, and installation in narrow passages and small pipes. Ribbon fiber optic cables have recently become the dominant cable of choice for deployment in campus, building, and data center backbone applications that require more than 24 fibers. Compared to stranded loose tube cable and tight buffer cable designs, this design provides comparable robust performance to stranded loose tube cable and provides maximum fiber density relative to cable diameter.
In addition, various regions are taking steps to improve internet access for individual users, such as the Indian government’s “Digital India” initiative, which is also driving the growth of the market. Additionally, many tech companies are opening data centers across the globe, which in turn triggers market growth. For example, IBM opened three data centers in the UK, and Tencent Cloud opened its first data center in Jakarta, Indonesia.
In addition, the continuous integration of advanced and innovative technologies in data centers by key players, coupled with growing partnerships among players in the market, will further propel the market growth during 2022-2030.
Currently, bandwidth requirements are twice as high as fiber optic requirements, making ribbon cable the most direct, easy, and quick way to plan for future network requirements. However, the complexity associated with the error resolution process has disrupted the growth of the global optical fiber ribbon market over the forecast period.
Multimode segment dominates ribbon cable market
The global optical fiber ribbon market is segmented into single-mode and multi-mode by type. The multi-mode segment segment accounted for the highest market share in 2021 and is expected to continue its dominance over the forecast period. The growth in this segment is attributed to the growing demand for data centers, telecom solutions, and indoor solutions. The single-mode segment has the highest annual growth rate during the forecast period.
MT connectors maintain the highest CAGR in the ribbon cable market
In terms of terminals, the market is divided into with and without MT connectors. Among them, in the global ribbon optical cable market in 2021, the optical cable without MT connector has the highest market share, and the optical cable market with MT connector has the highest CAGR during the forecast period. The MTP connector is a 12 fiber push/pull fiber optic connector with a footprint similar to the SC simplex connector. Using high-density connectors can significantly speed up wiring, reduce errors, and reduce board congestion.
FTTx is the leading application area of ​​the optical fiber ribbon market in 2021
On the basis of application, the global optical fiber ribbon market is segmented into fiber optic access (FTTx), long distance communications, local mobile metropolitan area networks, other local access networks, avionics networks, digital video systems, flight management systems, weather radar systems, cable television , Ethernet backbone network, etc. Among them, FTTx is expected to have the highest market share in 2021. Growth in this segment is attributed to technological advancements in data centers, as well as moves by governments to increase internet penetration.
Asia Pacific to lead the global ribbon cable market in 2021
Asia Pacific will dominate the global optical ribbon cable market in 2021 and is expected to continue to dominate during 2022-2030. Furthermore, the region is expected to experience the highest CAGR during these years. Growing industry demand for faster speeds and greater bandwidth coupled with rising number of data centers in emerging economies such as China, India, and Indonesia is accelerating the growth of the market.


Post time: Apr-15-2022