Ribbon Cables Market Size, Share, Opportunities And Trends By Cable Type (Twisted Flat Cable, Round To Flat Ribbon Cable, Standard Ribbon Cable, Others), By Connector Type (Micro Ribbon, PCB Transition Header, DIL Headers, Others), By Application Type (Data Transmission, Communication, Internal Wiring), By End-User (Consumer Electronics, Telecommunication, Others), And By Geography - Forecasts From 2023 To 2028

A ribbon cable, also known as a multi-wire planar cable, is a cable that has several conducting wires that run parallel to each other on the same flat plane. As a result, the cable is both broad and flat. It gets its name from its similarity to a piece of ribbon. Ribbon cables are commonly encountered in computers for internal peripherals such as hard drives, CD drives, and floppy drives. It's commonly used to link electrical components like computer chips and circuit boards. Ribbon cables are typically flat, with several thin wires running in a single row side by side. The rising need for miniaturization and high-speed data transmission in different applications such as PC/PC displays, CD-ROM drives, TV, printer, DVD/BD player, automotive stereo system, gaming machines, and GPS devices is driving market expansion. Furthermore, the rising trend of smart homes is propelling this industry forward.

Government efforts such as "Make in India" and "Go Green" policies are expected to stimulate the Indian market. According to the Indian Electrical Equipment Industry Mission Plan 2012-2022, the Indian government intends to make the country a manufacturer of electrical equipment and achieve the productivity of USD 100 billion by matching exports and imports

The rise of data centers and cloud computing globally has given a boost to the Ribbon cables Market

High-quality ribbon cables are necessary to link servers and storage devices because of the increasing proliferation of data centers and cloud computing. India's data center capacity as of September 2022 was 870 MW, powered by 138 data centers, and is anticipated to exceed 1,700 MW by 2025. In November 2022AWS announced the opening of AWS Asia Pacific (Hyderabad) Region, its second data center in India (source: https://aws.amazon.com/).

According to the North American data center trends report, there were over 100 data center projects which were either announced or under construction in the US in 2021. More than 90% of data center projects are created by colocation service providers and hyperscale operators such as Facebook, Apple, Google, and Microsoft In November. Microsoft and The AES Corporation agreed to a renewable energy agreement to power its data centers in Virginia.

According to pib.gov in February 2022 Shri Amitesh Kumar Sinha, Joint secretary MeitY, National Data Centre plans to add 2000 MW of capacity by 2027, accelerating the rise of the nation's planned data center capacity. This shows that the investment in data centers and cloud computing is going to increase which will boost the market for ribbon cables as they are used in huge amounts in the transfer of data in data centers and in IOT devices as well.

Additionally, the North American area has experienced a sharp rise in data demand, which has prompted major telecom firms like AT&T and Verizon to invest in ribbon cable networks. This shows the growing market for the ribbon cables which will capture the market in the forecasted period.

Increasing demand for hybrid electric vehicles with advanced wiring systems will boost the market

The automobile sector is increasing its need for improved electrical systems in vehicles which requires ribbon cables for joining different devices and engines for better functioning of advanced features in automobiles. The increase in world population is driving up the automotive demand and especially electric vehicles, which drives up the need for Ribbon cables. According to (IEA) International energy agency, despite supply chain delays and due to the Covid-19 epidemic, electric car sales set a new high in 2021. Sales nearly doubled to 6.6 million (a sales share of approximately 9%) in comparison to 2020, increasing the total number of electric vehicles on the road to 16.5 million. Electric vehicle sales climbed by 4 percentage points in 2021.  This creates a huge market growth for the use of the ribbon cable market.

Electric and hybrid vehicles are becoming more common and growing in popularity and demand, the vehicles require necessitating increasingly complicated electrical systems which is also a huge driving factor for this market. According to the (BTS) bureau of transportation statistics, A hybrid electric vehicle is propelled by both an internal combustion engine and one or more battery-electric motors. In 2013 hybrids took 3.2% of the market for light vehicles, and by 2021 they will have 5.5%. 3.2% of the market for light cars was made up of all-electric vehicles in 2021. According to the BTS data of US the hybrid electric sales rise from 4,55,067 units to 7,99,000 units in 2021 which shows a significant amount of sales increase which shows the demand for hybrid electric vehicles is huge in the market which will propel the market growth for ribbon cables

During the forecast period, Asia-Pacific tends to grow in the ribbon cables market

Asia Pacific is expected to have the fastest forecasted growth. Rising demand for electronic devices such as smartphones and laptop computers in countries such as China and India is propelling the regional industry. Furthermore, growing data center expenditures across the Asia Pacific are expected to drive up product demand during the projected period. On February 1, Union Finance Minister Nirmala Sitharaman said that three centers of excellence for artificial intelligence (AI) will be established under the National Data Governance Policy, which will be purchased to provide access to anonymized data these data centers will require a high amount of ribbon cables for data transfers which will increase the market as furthermore.

In February 2022 the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone data center cluster, the first areas of which will be built in Shanghai, Suzhou (Jiangsu Province), and Jiaxing, is one of two data center clusters that the government has announced will be built in the YRD hub (Zhejiang Province). This shows the demand for ribbon cable market is growing at a rapid pace as more countries in Asia-pacific are opening data centers as ribbon cables are used for data centers and communication

Market Key Developments.

• In April 2020 Belden Inc. developed innovative fiber solutions to help data centers establish a durable, robust, and high-performance infrastructure. These solutions include 1.6 mm Multi-Fiber Trunks, Fiber MPO Trunks, FiberExpress Flexible Ribbon Cable, and DCX Optical Distribution Frame.

Ribbon Cables Market Scope:

Segmentation

• By Cable Type
  • Twisted Flat Cable
  • Round to Flat Ribbon Cable
  • Standard Ribbon Cable
  • Others
• By Connector Type
  • Micro Ribbon
  • PCB Transition Header
  • DIL Headers
  • Others
• By Application Type
  • Data Transmission
  • Communication
  • Internal Wiring
• By End-User
  • Consumer Electronics
  • Telecommunication
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Suadi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others