Ribbon Fiber Optic Cables The Future of High Speed Data Transmission
The ribbon fiber optic cable market is experiencing a surge in demand due to growing urbanization and industrialization. As virtualization and convergence continue to increase traffic in 40G/100G data centers, there is a growing need for cable with large fiber counts. Ribbon fiber optic cable is becoming the preferred option for deployment on campus, buildings, and other structures due to its maximum connectivity density relative to cable size and ease of construction. According to market research, the global Ribbon Fiber Optic Cable market is estimated to witness a significant revenue increase to US$ 3122.1 Mn in 2022 and is expected to reach US$ 8,320.3 Mn by 2031, growing at a compound annual growth rate (CAGR) of 11.6% over the projection period from 2023 to 2031. This growth is being driven by factors such as the COVID-19 pandemic, which has led to an increased need for bandwidth and faster speeds due to more people working from home. Additionally, governments worldwide are takin...