Kings Research today announced the release of its latest market intelligence study, “Global Telecom Cable Market: Size, Share, Trends & Forecast 2023–2030.” The report provides an in-depth analysis of market size, growth drivers, technological trends, regional outlook, and competitive dynamics.
According to Kings Research, the global telecom cable market was valued at USD 73.71 billion in 2022 and is projected to reach USD 128.35 billion by 2030, expanding at a CAGR of 7.19% over the forecast period of 2024-2030. Market growth is propelled by the exponential increase in internet penetration, the adoption of fiber optic cables for high-speed data transfer, and rising investments in telecommunications infrastructure to support 5G deployment and cloud computing.
Telecom cables play a critical role in modern communication systems by enabling the transmission of data, voice, and video across long distances with speed and reliability. Technological innovations such as optical fibers, self-healing cables, and automated monitoring systems are enhancing bandwidth capacity, reducing downtime, and improving cost efficiency for telecom providers.
Kings Research identifies the following drivers for the telecom cable market:
- Rising Internet Penetration and Data Demand: The surge in internet usage, coupled with increasing smartphone adoption, is driving demand for reliable wired infrastructure to support higher data consumption. According to the European Commission's Digital Decade 2024 report, as of 2024, 98% of EU households had access to fixed broadband internet technologies, including 93% in rural areas, underscoring the rising dependence on telecom cable networks. (Source: ec.europa.eu)
- Expansion of Fiber Optic Networks: Optical fiber cables are being widely deployed due to their superior speed and bandwidth capacity compared to copper alternatives, making them essential for 5G networks and data centers.
- Digital Transformation and Cloud Applications: The rising adoption of cloud services, video streaming, and IoT devices is fueling demand for telecom cables with enhanced capacity and reduced latency. This trend is accelerating investments in both terrestrial and submarine cable networks.
- Infrastructure Modernization and Innovation: Advances such as self-healing cables, plug-and-play installation systems, and AI-enabled monitoring tools are reducing maintenance costs and improving reliability.
B2B Leaders in telecommunications, IT services, and data centers can benefit from telecom cables through:
- High-Speed Connectivity: Optical fiber deployment enables faster broadband speeds and improved customer experiences.
- Reliability and Efficiency: Underground and fiber-based networks require lower maintenance while offering stronger resilience.
- Scalability for 5G and Cloud: Telecom cables provide the backbone for emerging technologies including IoT, cloud computing, and next-generation mobile networks.
Regional Outlook
- Asia Pacific: Held the largest share at 51.06% (USD 37.64 billion) in 2022, driven by rapid fiber-to-the-home (FTTH) adoption in China, India, and Japan, alongside heavy investment in telecom infrastructure.
- Europe: Accounted for 31.58% of the market in 2022, supported by strong demand for submarine and terrestrial fiber optic networks. EU-backed investments in cross-border cable connectivity are expected to strengthen regional growth.
- North America: Continues to expand fiber capacity with government funding and private investments aimed at bridging the digital divide. Initiatives like the FCC’s BEAD Program are key to boosting U.S. market expansion.
Competitive Landscape
The telecom cable market remains fragmented, with leading companies focusing on mergers & acquisitions, R&D, and capacity expansions to address growing demand. Key players include Belden Inc., Coats Group PLC, Commscope Inc., Fujikura Ltd., Hitachi Cable, irix Sdn. Bhd, Securi-Flex Limited, Furukawa Electric Co., Ltd., and Hengtong Group Co., Ltd.
The full Kings Research report offers detailed segmentation by type, application, and region, along with competitive benchmarking and industry forecasts. To request a sample report or access the complete study, visit https://www.kingsresearch.com/telecom-cable-market-99.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, enabling organizations to navigate emerging markets, assess opportunities, and make informed strategic decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible sources and industry publications. Key references include the U.S. Federal Communications Commission (www.fcc.gov), the European Commission (digital-strategy.ec.europa.eu), and the International Telecommunication Union (www.itu.int).