Telecom and Data Cable Market is Set to Reach US $45.37 Billion by 2032: BIS Research

Jan 16, 2024 5:00 AM ET

As the telecommunications sector undergoes significant expansion driven by the need for fast and dependable connectivity, the importance of advanced telecom and data cables is escalating. Various factors, including technological advancements, the introduction of 5G networks, and widespread internet access, contribute to the increasing demand for cables with improved capabilities.

The global market for telecom and data cables was valued at $19.18 billion in 2022, and it is expected to grow at a CAGR of 8.51% and reach $45.37 billion by 2032.

Market Analysis: Trends, Data, and Growth Projections

Prominent developments in the telecom and data cable market involve an increasing embrace of renewable energy, a heightened focus on safety and sustainability, a growing need for high-speed internet, and an upsurge in governmental efforts to promote urbanization and expand infrastructure.

BIS Research, a leading market research firm, has released a report titled- Telecom and Data Cable Market, which discusses the challenges, growth factors, and future opportunities driving the remarkable growth of the telecom and data cable market. The detailed study is a compilation of 13 market data tables and 32 figures spread across 131 pages.

Key Players and Market Segments

Some major companies operating in the telecom and data cable market are:

Belden Inc.
Fujikura Ltd.
KEI Industries Limited
LS Cable & System Ltd.
Prysmian S.p.A.
Southwire Company, LLC
Lapp Group
Amphenol Corporation
HELUKABEL GmbH
R R Kabel Ltd.
HUBER+SUHNER AG
Tratos
PHOENIX CONTACT
Murrelektronik GmbH
Hans Turck GmbH & Co. KG
Corning Inc.
General Cable
Finolex Cables Ltd.
Jiangsu Zhongtian Technology Co., Ltd.
OFS Fitel, LLC

The worldwide market for telecom and data cables is divided by geographical regions, including North America, Europe, Asia-Pacific and Japan, the Middle East and Africa, and Rest-of-the-World. Significantly, the Asia-Pacific and Japan regions are poised to take the lead in the market, propelled by the swift expansion of telecommunications networks, a surge in the need for high-speed data transmission, and extensive digitalization initiatives. The region’s robust technological infrastructure and growing demands for connectivity position it as a key influencer shaping the global landscape of telecom and data cables.

Market Drivers, Challenges, and Opportunities

The telecom and data cable market experiences demand from increased investments in the telecommunication industry, a growing need for sustainable wire and cable products, and the emergence of Industrial Revolution 4.0.

However, challenges include raw material price fluctuations, rising demand for fiber optic cables, and limited access to sustainable materials with related standardization issues. Despite these obstacles, opportunities abound in the industry, driven by smart infrastructure projects, expanding connectivity networks, and a rising focus on eco-friendly cable solutions.

Analyst Note

BIS principal analyst suggests: “The telecom and data cable market is growing considerably and is expected to grow relatively faster over the coming years during the forecast period. Telecom and data cable manufacturers invest heavily in R&D to develop eco-friendly products. Moreover, telecom and data cable manufacturers actively seek partnerships and collaborations with end-user industry players. This strategic approach allows them to improve their competitive position in the market and develop cable solutions tailored to the specific needs of the end-user segment. With the growth of telecommunication and data centers, building and construction, and renewable energy systems, among others, in both developed and developing economies, telecom and data cable solutions will likely witness a surge in demand over the coming years during the forecast period.”

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About BIS Research

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate and custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.