The international market research firm The Insight Partners released the global ribbon cable market report that the global ribbon cable market will grow at a compound annual growth rate of 8.9% during the forecast period from 2018 to 2025, and reach $4,303.1 million in 2025. .
The annual compound growth rate of global ribbon cable reached 8.9% in 2018-2025
The report pointed out that the general trend of cloud technology, big data, and the Internet of Things is the main reason for promoting stable and rapid growth of global ribbon cable demand.
Ribbon cables are currently used in indoor applications such as telecommunications rooms, data centers, buildings and servers. Compared to outdoor applications, the risk of damage to indoor applications is low, so dry ribbon fiber optic cables are in high demand because they do not require gel filling to provide additional moisture and moisture protection.
In the future, even if the technology of transmission requires high-bandwidth media to propagate, ribbon cables will help achieve high bandwidth requirements. At the same time, with the increasing demand for transmission speed and capacity, traditional copper cables are being replaced by fiber optic cables.
From the company’s point of view, CommScope, Corning Cable, Fujikura, OFS, Prysmian, Nexans, Sterlite Tech, Sumitomo Electric Lightwave Corporation, Simon and Changfei Fiber optic cable will become the world’s top ten ribbon cable manufacturers.