The LTO cartridges are cheap and the programs that you need for using LTO tape drives are open source.

The only problem is that the LTO tape drives are very expensive. If you want to use 18 TB LTO-9 tapes, the cost per TB is much lower than for HDDs, but you need to store at least a few hundred TB in order to recover the cost of the tape drive.

There is no chance to see less expensive tape drives because there is no competition and it would be extremely difficult for anyone to become a competitor as it is difficult to become able to design and manufacture the mechanical parts of the drive and the reading and writing magnetic heads.