Semiconductor and Electronics

Global Telecom Cable Market is Expected to Reach USD 128.35 billion by 2030

Jun 2023

Semiconductor and Electronics

As per the report published by 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, growing at a CAGR of 7.19% from 2023 to 2030.

The global telecom cable market is growing at a rapid pace owing to the increase in smartphone usage, high internet penetration, and growth of 5G technology. The telecom cable industry is also expected to benefit from the growing demand for high-speed internet and the need to upgrade existing communication networks. Growth in the demand for optical cables that offer better bandwidth and speed is also expected to boost the growth of the telecom cables market. In addition, the expansion of telecommunications networks in developing regions is likely to generate more growth opportunities for the industry.

Key Insights

  • Based on type, the fiber optic segment is set to grow at a CAGR of 7.84% over the forecast period
  • Based on application, the telecommunication segment is expected to dominate with a CAGR of 7.41%
  • On the basis of region, Asia-Pacific accounted for the largest market share, valued at USD 37.64 billion in 2022

Coats Launched Gotex StremX for Fiber Optic Cables

September 2022: Coats launched Gotex StremX, which is used as a robust element in fiber-optic cables, a critical component that maintains the integrity and flexibility of cables to protect wires and fibers.

irix Launched Batam-Sarawak to Improve Internet Access

September 2022: irix launched Batam-Sarawak internet cable system and Tier IV data center, irix DC. BaSICS is Irix's privately developed submarine cable system that connects Batam in Indonesia to Sarawak and lands at Irix's data center, where terrestrial networks can deliver improved internet access.

Emergence of 5G Infrastructure Provides Lucrative Opportunities

In addition to fiber optic and submarine cables, telecom cable manufacturers can explore opportunities in segments such as 5G infrastructure, data centers, renewable energy, and offering upgrade and maintenance services. Developing cables that meet the specific requirements of these segments, such as high-frequency capabilities for 5G networks or specialized cables for smart city applications, can help manufacturers tap into new markets. Moreover, emulate of emerging technologies and industry trends, as well as fostering strong relationships with telecommunication companies and infrastructure developers, are essential for staying competitive and capitalizing on the available opportunities in the evolving telecommunications industry.

Development of Advanced Cables Augments the Market Growth

Submarine cable networks are experiencing significant growth as the demand for intercontinental data connectivity continues to rise. Telecom cable manufacturers are at the forefront of this expansion, playing a vital role in designing and producing robust and high-capacity submarine cables. These specialized cables are engineered to withstand the harsh marine environment, ensuring reliable and secure transmission of vast amounts of data across continents. Manufacturers are focused on developing advanced materials, innovative designs, and efficient manufacturing processes to meet the increasing demands for global data transmission. The submarine cable segment presents immense opportunities for telecom cable manufacturers to contribute to the seamless flow of information in the interconnected world.

Asia Pacific is the Dominating Region with a Market Value of USD 37.64 billion in 2022

In the Asia-Pacific region, telecommunications cable infrastructure has grown significantly in recent years owing to the rising number of government initiatives and increased investment. For instance, in 2019, India began efforts to build a submarine cable network in the Indian Ocean to improve connectivity between countries in the region. In addition, several Southeast Asian countries launched their own submarine cable projects to expand connectivity and support economic growth. The proliferating demand for 5G technology is also boosting the growth of the telecom cable market in the APAC region. The rising number of smartphone users, growth in e-commerce, and increasing use of cloud storage services. Government initiatives to improve telecom infrastructure, are also expected to facilitate the growth of the telecom cable market in the region. Moreover, the Asia-Pacific infrastructure telecommunications market is expected to continue to grow and evolve as new technologies and initiatives emerge to support the region's connectivity goals.

Europe is the Second Dominating Region with a Market share of 31.58% in 2022

The regional market growth is accelerated by the growing demand for high-speed internet and the development of technologies such as 5G. The government is also actively supporting initiatives to improve telecommunications infrastructure, such as the European 5G Observatory. The growing demand for fiber optic cables with higher bandwidth and higher speed, is the driving factor for the market growth. The rise of e-commerce and cloud storage, the proliferation of smartphones, and technological advancements are expected to continue to expand across the region, which drives the market growth.

Key Players are Launching New Products to Strengthen the Industry Foothold

The market growth is proliferated by the significant number of players such as Belden Inc, Coats Group PLC, Commscope Inc., Fujikura Ltd., FURUKAWA ELECTRIC CO., LTD., HENGTONG GROUP CO., LTD., Hitachi Cable, irix Sdn. Bhd., Securi-Flex Limited, and others. These players are focusing on several business strategies such as acquisitions, partnerships, product launches, collaborations, and mergers to expand their market share.

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