September 6, 2021 04:43 ET | Source: Research and Market Research and Market
Dublin, September 6, 2021 (GLOBE NEWSWIRE) - "The global ribbon fiber market, by type (single-mode, multi-mode), application (FTTx, long-distance communication, local mobile metropolitan area network, other local access networks, CATV, others), estimates and forecasts before 2027" reports have been added to ResearchAndMarkets.com products. The market size of the global ribbon optical fiber market in 2020 is US$2.5895 billion, and it is expected to reach US$5.3846 billion by 2027. The global ribbon optical fiber market is expected to grow at a compound annual growth rate of 11.3% during the forecast period. The huge growth in the number of data centers is one of the most important factors driving the huge demand for network equipment and materials. In addition, the increased data traffic has led to an urgent need to enhance the optical fiber network of the data center to increase the capacity utilization rate. Governments around the world are also investing huge sums of money to develop telecommunications infrastructure to promote digitalization. These factors are expected to drive market growth to a large extent. Among other regions, the Asia-Pacific region is expected to dominate the market with the largest share in 2020. In the past few years, the Asia-Pacific region has witnessed the vigorous development of the telecommunications industry. The continued growth of data traffic, due to the growing digitization being the most important factor, is attributed to the Asia-Pacific region’s dominant position in the ribbon fiber market. The global ribbon fiber market is a moderately fragmented market, with international and local players in various regions. Market participants are focusing on developing additional features of ribbon fiber to provide users with better bandwidth and data speeds. The company is working hard to bundle the maximum number of optical fibers into the smallest possible cables to maximize fiber density and pipeline space utilization. These developments by market participants are expected to provide the company with a competitive advantage. Growth influencer
The number of global data centers continues to increase. The continuous increase in the number of data centers is one of the most important factors driving market growth. The growth trend of cloud storage, Internet of Things, and data analysis has led to this growth. In addition, governments are offering tax incentives to market participants to promote digitalization. These factors are expected to create huge opportunities for the ribbon fiber market. In addition, the introduction of 5G technology has also brought high-speed data transmission, which is also expected to promote the growth of the ribbon fiber market. Increasing demand for increased Internet speed and maximum bandwidth With the introduction of high-definition technology and OTT services, the demand for optical fiber is growing at a tremendous rate. Compared with ordinary technology, high-definition technology video requires four times the bandwidth and Internet speed. Ribbon fiber can adapt to a higher bandwidth at a faster speed. Due to these technological advancements, the demand for the ribbon optical fiber market is expected to grow at a tremendous rate in the next few years. The fragility of ribbon fiber is expected to limit market growth. Compared with copper cables, fiber optic cables are more fragile, leading to more opportunities for damage. In addition, the failure process required for fiber optic cables is completely different from the process followed by copper cables. The exercise capacity of ribbon fiber is very limited. The fiber can move along the longitudinal axis, also known as preferential bending, and any other movement may cause damage, resulting in power loss.
Well-known companies in the market include Corning Incorporated, Fujikura Co., Ltd., OFS Fitel, LLC, Prysmian SpA, Sterlite Tech, Nexans, Sumitomo Electric Co., Ltd. (Sumitomo Electric Co., Ltd.), Simon Corporation, and Yangtze Optical Fiber and Cable Co., Ltd. (YOFC). The six major market players have a cumulative market share of nearly 30% in 2020. Major market players actively participate in strategic cooperation, mergers and acquisitions, regional expansion, new product development and innovation to increase their influence in the global optical fiber market.
The global ribbon fiber market report answers the following questions:
Key topics covered: Chapter 1 Research Framework
Chapter 2 Research Methods Chapter 3 Executive Summary: Global Ribbon Fiber Optic Cable Market Chapter 4 Overview of Global Ribbon Fiber Optic Cable Market 4.1. Industry value chain analysis 4.2. Sales channels 4.3. Five forces analysis 4.4. Market dynamics and trends 4.5. Assessment of the impact of Covid-19 on market growth trends 4.6. Market growth and outlook 4.7. Chapter 5 of the Competition Dashboard. Market analysis of ribbon fiber optic cables, by type 5.1. Key Insight 5.2. Market size and forecast, 2017-2027 (US$ million) Chapter 6. Fiber optic cable market analysis, according to application 6.1. Key Insight 6.2. Market size and forecast, 2017-2027 (US$ million) Chapter 7. Fiber optic cable market analysis, by region/country 7.1. Key Insights 7.2. Market Size and Forecast 2017-2027 (Million USD) Chapter 8 North American Ribbon Fiber Optic Cable Market Analysis Chapter 9 European Ribbon Fiber Optic Cable Market Analysis Chapter 10 Asia Pacific Ribbon Fiber Optic Cable Market Analysis Chapter 11 Market analysis of ribbon fiber optic cables in the Middle East and Africa
Chapter 12 South American ribbon fiber optic cable market analysis Chapter 13 Company profile 13.1. CommScope 13.2. Corning Incorporated 13.3. Fujikura Co., Ltd. 13.4. OFS Fitter Co., Ltd. 13.5. Prysmian SpA 13.6. Strater Technology 13.7. Nexans 13.8. Sumitomo Electric Lightwave Co., Ltd. (Sumitomo Electric Co., Ltd.) 13.9. Simon Company 13.10. YOFC Optical Fiber and Cable Co., Ltd. (YOFC) For more information about this report, please visit https://www.researchandmarkets.com/r/9we2c3