Technology market research firm, The Insight Partners, has released a research report on the ribbon fiber cable market, saying that the global ribbon fiber cable market is expected to reach $4.37 billion by 2025, growing at a compound annual growth rate of 8.9 percent during the period.
Currently, ribbon fiber cables are commonly used in indoor applications such as telecommunication rooms, data centers, buildings and servers. Due to the relatively low risk of damage for indoor applications compared to outdoor applications, dried ribbon fiber cables are in high demand because they do not need to be gel-filled to provide additional protection against water and moisture.
The technology of using sound or data to modulate optical signals and send them through optical fibers using total internal reflection (TIR) exploits the physical properties of light known as ribbon fiber cable technology. The increasing deployment of data centers around the world has significantly led to an increase in the use of ribbon fiber cable communications by 2025. The technology of real-time data transmission needs high bandwidth medium for transmission, and the high bandwidth demand is realized by the ribbon fiber cable.
In the future, due to major trends such as cloud computing, big data and the Internet of Things, ribbon fiber cables will see explosive growth in the era of Internet data explosion. Based on its unique advantages, traditional copper cable is being replaced by fiber cable.
According to the report, Commscope, Corning, Fujikura, OFS Fitel, Prysmian, Sterlite Industries India Limited, Sumitomo Electric's fiber cable company Lightwave, Nexans, Simon, and YOFC will become the world's top 10 ribbon fiber cable suppliers.