PUBLISHER: The Business Research Company | PRODUCT CODE: 1477069
PUBLISHER: The Business Research Company | PRODUCT CODE: 1477069
Cables are essential components of modern technology which are used to transmit power, data or signals between devices. They come in various types, including electrical cables for power transmission, data cables for transferring information between devices (like USB (universal serial bus) cables for smartphones) and networking cables for connecting computers and other network-enabled devices.
The cables market consists of sales, by entities (organizations, sole traders and partnerships), of cables that refer to a conducting wire or wires separated and surrounded by a dielectric substance or insulation. The different types of cables include electrical cables, fiber optic cables, suspension cables, tethers, USB cables and others.
The global cables market was valued at $66,050.3 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 5.0%.
Proliferation Of Data Centers
The cables market was driven by the proliferation of data centers during the historic period. The growth of data centers and high-speed communication networks created a demand for high-performance cables that could handle increased data transmission rates. Cables used in data centers vary from fiber optic cables to copper cables, depending on the equipment and its requirements. In May 2021, according to a report by the United States International Trade Commission, a US-based government agency, the global count of data centers approached 8,000. Notably, 77% were situated in Organization for Economic Co-operation and Development (OECD) member states, with around 64% found in North Atlantic Treaty Organization (NATO) nations. Moreover, a network of over 2,600 data centers is strategically positioned across the USA, reflecting the widespread utilization of data throughout the nation's economy. Therefore, the proliferation of data centers aided the demand for cables, driving the market during the historic period.
Launch Of Fiber Count Cables To Boost Telecommunications Infrastructure
Companies operating in the cables market are focusing on launching fiber-count cables to boost telecommunications infrastructure. The Intermittently Bonded Ribbon (IBR) cables, for instance, are a revolutionary product designed to address the challenges of high fiber count installations in small diameter ducts, particularly in congested areas with limited space. The IBR cables are especially useful for data centers, where duct space is at a premium and for supporting connectivity between data centers within the campus as well as on fiber pathways between data centers. For example, in September 2023, HFCL Limited, an India-based technology company that designs, develops and manufactures telecommunications equipment, fiber-optic cables and other related electronics, launched a suite of connectivity products and solutions for global telcos and enterprises, including 1728-high fiber count IBR Optical Fiber Cable. The launch of 1728-high fiber count IBR Optical Fiber Cable positions HFCL as a dominant player in the growing Indian and global UBR market, meets the growing demand for high fiber count cables from data centers and boosts 5G network infrastructure. The gel-free IBR cable is optimized with high-productivity mass fusion splicing for easy installation in congested areas and quick restoration in case of any accidental outage.
The global cables market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 12.7% of the total market in 2022.
Cables Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global cables market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for cables? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The cables market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider cables market; and compares it with other markets.
1Executive Summary