The Insight Partners, a global market research organization, released a global optical fiber ribbon cable market report that the in 2018-2025， global ribbon cable market will grow at a compound annual growth rate of 8.9% during the forecast period and reach a scale of 4.3 billion USD in 2025.
The report pointed out that the major trends of cloud technology, big data, and the Internet of Things are the main reasons for the steady and rapid growth of global demand for optical fiber ribbon cable.
Currently, optical fiber ribbon cable is commonly used in indoor applications such as telecommunications rooms, data centers, buildings, and servers. Indoor applications have a lower risk of damage compared to outdoor applications, so dry optical fiber ribbon cable is in great demand because they do not require gel filling to provide additional moisture protection.
In the future, even if the transmission technology requires high-bandwidth media to transmit, the optical fiber ribbon cable helps achieve high-bandwidth requirements. At the same time, as the demand for transmission speed and capacity increases, traditional copper cables are being replaced by optical fiber cables.
From the perspective of companies, CommScope, Corning Cable, Fujikura, OFS, Prysmian, Nexans, Sterlite Tech, Sumitomo Electric Lightwave Corporation, Simon and Changfei will become the world's top ten optical fiber ribbon cable manufacturers.