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Magnetic Tape Market by Base Materials (Synthetic Rubber, PVC and Others), by End-Users (Data Storage, Packaging & Labeling, Consumer Appliances and Others) and By Geography-Global Drivers, Restraints, Opportunities, Trends & Forecast to 2028

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    Report

  • 118 Pages
  • October 2023
  • Region: Global
  • IHR Insights
  • ID: 4456386
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Magnetic tape is a medium for magnetic recording, which is made of a thin, magnetizable coating on a long, narrow strip of plastic film, developed in Germany in 1928, based on magnetic wire recording. It was a key technology in early computer development, allowing unparalleled amounts of data to be mechanically created, stored for extended periods, and easily accessible. The exponential growth of digital data generated by businesses, institutions, and individuals has created a need for cost-effective and scalable data storage solutions which propels the market growth. Magnetic tape's high storage capacity, coupled with its relatively low cost per gigabyte, makes it an attractive option for long-term data retention and archival purposes. On the other hand, the fluctuations in the prices of raw material coupled with political variations in different regions may limit the magnetic tape market growth. The Magnetic Tape Market is projected to grow at a rate of 7.2% CAGR by 2028.

The Global Magnetic Tape Market has been analyzed based on the following Base Materials:

  • Synthetic Rubber
  • PVC
  • Others

The Global Magnetic Tape Market has been analyzed based on the following End-Users:

  • Data Storage
  • Packaging & Labeling
  • Consumer Appliances
  • Others

The Global Magnetic Tape Market has been analyzed based on the following Geography:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
As in the market for base material, the synthetic rubber that has bigger share among materials used for base material is reaping the benefits of its low price, easy availability, and high-performance. Other than synthetic rubber, PVC material is also finding its extensive use in the magnetic tape as a base material. The contribution from these two base materials is expected to increase exponentially over the years, generating much higher revenues for the overall magnetic tape market in the future.

On the basis of end users, the data storage is highly dominating the market in overall magnetic tape across regions owing to the high adoption rate and ease of application. Other than data storage, the packaging & labeling solutions is also increasing its market during the forecast period due to increasing investments and R&D innovations along with government interventions.

In terms of geography, North America dominates the market for magnetic tape and provides proof for major and rapid transformation in technological developments. The region has grown rapidly in the past decades and is continuing to grow. The market has an advantage of the presence of big enterprise storage units and a transforming economy. The region is dominating in both value and volume terms, and is being followed by other regions such as Europe and Asia Pacific. Developed regions, such as Europe, which are home to various financial institutions and electronic packaging solutions, have the advantage of high social awareness among the people.

One of the significant trends observed in the global magnetic tape market is the continuous increase in tape capacity. Manufacturers are developing higher-density tape cartridges, enabling them to store more data per tape. This trend allows organizations to address their growing data storage needs and efficiently manage massive data volumes.

The report has also profiled key vendors in the global magnetic tape market for magnetic tape systems, which include 3M, Ampex Electronics, ECI Telecom Ltd., General Electric (GE), Hitachi Metals Ltd., International Business Machines (IBM), Koninklijke Philips N.V., Sanbros Engineering Works, TDK Corporation and Toshiba Corporation.

Overall, the magnetic tape market remains relevant for its high capacity, low cost, and reliable data archiving capabilities. As technology continues to advance, tape storage providers are continually working on improving tape density, data transfer rates, and other features to meet the evolving needs of data-intensive industries.
  • The study provides a thorough analysis of the market size and the present trends and future estimations to describe the imminent investment pockets.
  • This report includes the magnetic tape market analysis over the forecast period, which is projected to allow the shareholders to capitalize on the opportunities in the magnetic tape market.
  • Inclusive insights of the four major regions are depicted to determine the prevailing opportunities.
  • The profiles and significant strategies of the key vendors are completely analyzed to understand the competitive landscape and global magnetic tape market growth.

Table of Contents

1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Base Materials: Market Size & Analysis
5.1. Overview
5.2. Synthetic Rubber
5.3. PVC
5.4. Others
6. End-Users: Market Size & Analysis
6.1. Overview
6.2. Data Storage
6.3. Packaging & Labeling
6.4. Consumer Appliances
6.5. Others
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
9.1. 3M
9.1.1. Overview
9.1.2. Financial Overview
9.1.3. Product Offerings
9.1.4. Developments
9.1.5. Business Strategy
9.2. Ampex Electronics
9.2.1. Overview
9.2.2. Financial Overview
9.2.3. Product Offerings
9.2.4. Developments
9.2.5. Business Strategy
9.3. ECI Telecom Ltd.
9.3.1. Overview
9.3.2. Financial Overview
9.3.3. Product Offerings
9.3.4. Developments
9.3.5. Business Strategy
9.4. General Electric (GE)
9.4.1. Overview
9.4.2. Financial Overview
9.4.3. Product Offerings
9.4.4. Developments
9.4.5. Business Strategy
9.5. Hitachi Metals Ltd.
9.5.1. Overview
9.5.2. Financial Overview
9.5.3. Product Offerings
9.5.4. Developments
9.5.5. Business Strategy
9.6. International Business Machines (IBM)
9.6.1. Overview
9.6.2. Financial Overview
9.6.3. Product Offerings
9.6.4. Developments
9.6.5. Business Strategy
9.7. Koninklijke Philips N.V.
9.7.1. Overview
9.7.2. Financial Overview
9.7.3. Product Offerings
9.7.4. Developments
9.7.5. Business Strategy
9.8. Sanbros Engineering Works
9.8.1. Overview
9.8.2. Financial Overview
9.8.3. Product Offerings
9.8.4. Developments
9.8.5. Business Strategy
9.9. TDK Corporation
9.9.1. Overview
9.9.2. Financial Overview
9.9.3. Product Offerings
9.9.4. Developments
9.9.5. Business Strategy
9.10. Toshiba Corporation
9.10.1. Overview
9.10.2. Financial Overview
9.10.3. Product Offerings
9.10.4. Developments
9.10.5. Business Strategy
10. Analyst Opinion
11. Annexure
11.1. Report Scope
11.2. Market Definitions
11.3. Research Methodology
11.3.1. Data Collation and In-house Estimation
11.3.2. Market Triangulation
11.3.3. Forecasting
11.4. Report Assumptions
11.5. Declarations
11.6. Stakeholders
11.7. Abbreviations
List of Tables
Table 1. Global Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 2. Global Magnetic Tape Market Value for Synthetic Rubber, by Geography, 2022-2028 (Usd Billion)
Table 3. Global Magnetic Tape Market Value for Pvc, by Geography, 2022-2028 (Usd Billion)
Table 4. Global Magnetic Tape Market Value for Others, by Geography, 2022-2028 (Usd Billion)
Table 5. Global Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 6. Global Magnetic Tape Market Value for Data Storage, 2022-2028 (Usd Billion)
Table 7. Global Magnetic Tapemarket Value for Packaging & Labeling, by Geography, 2022-2028 (Usd Billion)
Table 8. Global Magnetic Tapemarket Value for Consumer Appliances, by Geography, 2022-2028 (Usd Billion)
Table 9. Global Magnetic Tapemarket Value for Others, by Geography, 2022-2028 (Usd Billion)
Table 10. North America Magnetic Tape Market Value, by Country, 2022-2028 (Usd Billion)
Table 11. North America Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 12. North America Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 13. U.S Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 14. U.S Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 15. Canada Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 16. Canada Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 17. Europe Magnetic Tape Market Value, by Country, 2022-2028 (Usd Billion)
Table 18. Europe Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 19. Europe Magnetic Tape Market Value, End-Users, 2022-2028 (Usd Billion)
Table 20. Germany Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 21. Germany Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 22. U.K Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 23. U.K Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 24. France Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 25. France Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 26. Italy Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 27. Italy Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 28. Spain Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 29. Spain Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 30. Roe Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 31. Roe Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 32. Asia Pacifc Magnetic Tape Market Value, by Country, 2022-2028 (Usd Billion)
Table 33. Asia Pacifc Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 34. Asia Pacifc Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 35. China Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 36. China Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 37. India Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 38. India Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 39. Japan Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 40. Japan Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 41. Rest of APAC Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 42. Rest of APAC Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 43. Rest of World Magnetic Tape Market Value, by Base Materials, 2022-2028 (Usd Billion)
Table 44. Rest of World Magnetic Tape Market Value, by End-Users, 2022-2028 (Usd Billion)
Table 45. 3M: Financials
Table 46. 3M: Products & Services
Table 47. 3M: Recent Developments
Table 48. Ampex Electronics: Financials
Table 49. Ampex Electronics: Products & Services
Table 50. Ampex Electronics: Recent Developments
Table 51. Eci Telecom Ltd.: Financials
Table 52. Eci Telecom Ltd.: Products & Services
Table 53. Eci Telecom Ltd.: Recent Developments
Table 54. General Electric (Ge): Financials
Table 55. General Electric (Ge): Products & Services
Table 56. General Electric (Ge): Recent Developments
Table 57. Hitachi Metals Ltd.: Financials
Table 58. Hitachi Metals Ltd.: Products & Services
Table 59. Hitachi Metals Ltd.: Recent Developments
Table 60. International Business Machines (Ibm): Financials
Table 61. International Business Machines (Ibm): Products & Services
Table 62. International Business Machines (Ibm): Recent Developments
Table 63. Koninklijke Philips N.V.: Financials
Table 64. Koninklijke Philips N.V.: Products & Services
Table 65. Koninklijke Philips N.V.: Recent Developments
Table 66. Sanbros Engineering Works: Financials
Table 67. Sanbros Engineering Works: Products & Services
Table 68. Sanbros Engineering Works: Recent Developments
Table 69. Tdk Corporation: Financials
Table 70. Tdk Corporation: Products & Services
Table 71. Tdk Corporation: Recent Developments
Table 72. Toshiba Corporation: Financials
Table 73. Toshiba Corporation: Products & Services
Table 74. Toshiba Corporation: Recent Developments
List of Charts
Chart 1. Global Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 2. Global Magnetic Tape Market Value for Synthetic Rubber, by Geography, 2022-2028 (USD Billion)
Chart 3. Global Magnetic Tape Market Value for Pvc, by Geography, 2022-2028 (USD Billion)
Chart 4. Global Magnetic Tape Market Value for Others, by Geography, 2022-2028 (USD Billion)
Chart 5. Global Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 6. Global Magnetic Tape Market Value for Data Storage, 2022-2028 (USD Billion)
Chart 7. Global Magnetic Tapemarket Value for Packaging & Labeling, by Geography, 2022-2028 (USD Billion)
Chart 8. Global Magnetic Tapemarket Value for Consumer Appliances, by Geography, 2022-2028 (USD Billion)
Chart 9. Global Magnetic Tapemarket Value for Others, by Geography, 2022-2028 (USD Billion)
Chart 10. North America Magnetic Tape Market Value, by Country, 2022-2028 (USD Billion)
Chart 11. North America Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 12. North America Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 13. U.S Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 14. U.S Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 15. Canada Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 16. Canada Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 17. Europe Magnetic Tape Market Value, by Country, 2022-2028 (USD Billion)
Chart 18. Europe Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 19. Europe Magnetic Tape Market Value, End-Users, 2022-2028 (USD Billion)
Chart 20. Germany Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 21. Germany Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 22. U.K Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 23. U.K Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 24. France Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 25. France Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 26. Italy Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 27. Italy Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 28. Spain Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 29. Spain Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 30. Roe Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 31. Roe Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 32. Asia Pacifc Magnetic Tape Market Value, by Country, 2022-2028 (USD Billion)
Chart 33. Asia Pacifc Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 34. Asia Pacifc Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 35. China Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 36. China Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 37. India Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 38. India Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 39. Japan Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 40. Japan Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 41. Rest of APAC Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 42. Rest of APAC Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)
Chart 43. Rest of World Magnetic Tape Market Value, by Base Materials, 2022-2028 (USD Billion)
Chart 44. Rest of World Magnetic Tape Market Value, by End-Users, 2022-2028 (USD Billion)

Companies Mentioned

  • 3M
  • Ampex Electronics
  • ECI Telecom Ltd.
  • General Electric (GE)
  • Hitachi Metals Ltd.
  • International Business Machines (IBM)
  • Koninklijke Philips N.V.
  • Sanbros Engineering Works
  • TDK Corporation
  • Toshiba Corporation.

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About the Magnetic Tape Market

The Magnetic Tape market is a subset of the larger Hardware market. Magnetic Tape is a storage medium used to store digital information. It is composed of a thin plastic strip coated with a magnetic material, and is used to store data in the form of magnetic patterns. Magnetic Tape is used in a variety of applications, including data backup, archiving, and audio and video recording. Magnetic Tape is a cost-effective storage solution, and is often used for long-term storage of large amounts of data. It is also used for data backup, as it is more reliable than other storage media. Additionally, Magnetic Tape is more secure than other storage media, as it is difficult to access the data without the proper equipment. The Magnetic Tape market is highly competitive, with a number of companies offering products and services. Some of the major players in the market include IBM, Fujifilm, Sony, Maxell, and Quantum. Show Less Read more

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