Telecom Cable Market

Market Perspective

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.

Internet devices, such as smartphones and tablets, have become indispensable means of communication, information, and entertainment around the world. The rising prevalence of smartphones and the spread of the Internet around the world are the key factors influencing the growth of the telecom cable market. However, the increased operation and maintenance of telecom cables is one of the major factors that is likely to impede the growth of the market. In addition, underground fiber offers more reliability and requires less maintenance.

Analyst’s Review on the Global Telecom Cable Market

One of the significant innovations in telecom cables is the development of optical fibers, which use glass or plastic fibers to transmit data over long distances. These telecom cables offer much higher bandwidth and faster transmission speeds than traditional copper cables, making them ideal for high-speed Internet and other data services. Innovations in cabling technology have led to faster, more efficient cabling and reduced labor costs. Cable management technology has evolved significantly in recent years with new systems and software tools that facilitate the monitoring and maintenance of telecommunications networks. Market vendors have developed automated cable testing systems that quickly identify faults and other problems, while others have developed software tools that allow operators to remotely monitor and manage their cable networks. The penetration of the 5G network is also projected to support telecom cable market growth.

Market Definition

The telecom cable is a type of cable used to information such as voice, data, and video over long distances. These cables can be made of copper, optical fiber, or other materials, and their construction and properties can vary depending on the application. Innovations in telecommunications cables, such as advances in cable design, new materials, and improvements in installation and maintenance technology, have led to even more reliable and efficient networks. Several notable innovations include self-healing cables that automatically detect and repair faults, plugging systems that can cover cable without digging, and software tools that allow users to remotely monitor and manage cable networks. This new cabling system enables all partners to deliver superior bandwidth on this multi-region data bus, enabling them to meet and exceed the capacity needs of their customers.

Market Dynamics

The exponential rise in internet penetration worldwide has emerged as a significant catalyst propelling the growth of the telecom cable market. The escalating global adoption of optical fiber cables for facilitating high-speed data transfer has paved the way for market expansion. Wired information transfer remains essential in providing users with broader network experiences. With the ever-increasing demand for swift data exchange, the telecom cable industry is anticipated to witness significant advancements and progress.

However, despite the promising growth prospects, there are certain challenges impeding the market expansion of telecom cables. The high cost of telecom cables poses a significant barrier to their widespread adoption, especially in regions with limited financial resources. Additionally, compatibility issues with outdated communication infrastructure pose challenges to seamless integration and efficient data transmission. Moreover, the volatile nature of copper prices, which are often used in traditional telecom cables, adds uncertainty and impacts market dynamics. Furthermore, the operating and maintenance costs associated with telecom cables can be substantial, deterring some organizations from investing in these infrastructure upgrades which is restraining the telecom cable market growth.

Segmentation Analysis

The global telecom cable market is segmented based on type, application, and geography.

Based on type, the telecom cable market is further categorized into coaxial cable, fiber optic, data center cables, twisted pair cable, LAN cables, and mobile networks. The fiber optic cable is the dominating segment with a valuation of USD 33.85 billion in 2022. These cables are also radio frequency transmission and for data transmission interface in consumer devices.

Based on the application, the telecom cable market is bifurcated into telecommunication, data centers, CATV, and computer network. Telecommunication is the dominating segment with a market share of 34.72% in 2022. The telecommunication segment growth is driven by the expanding features as these are dependable and have fast connection for applications such as online gaming, video conferencing, and cloud computing. The growing deployment of cable for long range communication and digital transformation in the telecommunication industry is supported by increasing demand for high-definition video content and growth in smart devices.

Geographical Analysis

For regional analysis, the global telecom cable market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.

The Asia Pacific is the dominating region in the market with a valuation of USD 37.64 billion attributed to the increasing fiber to the home subscribers (ftth) and rising investment in telecommunications infrastructure. The proliferating demand for cloud-based technology with high connectivity speed and increasing investment in IT infrastructure accelerates the market growth. The surge in demand for reliable connection and high-speed data transfer in countries such as Japan, India, and China is expected to drive the growth of the market in Asia Pacific.

The telecom cable market in Europe is the second leading region with a market share of 31.58% in 2022 and is expected to witness notable growth in the forthcoming years. The regional market growth is supported by an increasing number of submarine telecommunications cables connecting Europe. These cables usually use fiber-optic technology because they provide higher transfer speeds and higher bandwidth for high-speed Internet and other data services. In recent years, significant investments have been made in the development and maintenance of these critical cable networks that are essential to the functioning of the economy and digital society, which is further propelling market growth.

Competitive Landscape

The global telecom cable industry study report will provide valuable insight with an emphasis on the fragmented nature of the global market. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their respective market shares across different regions. Expansion & investments involve a range of strategic initiatives including investments in R&D activities, new manufacturing facilities, and supply chain optimization. The major players in the telecom cable market are:

• Belden Inc
• Coats Group PLC
• Commscope Inc.
• Fujikura Ltd.
• Hitachi Cable
• irix Sdn. Bhd
• Securi-Flex Limited
• FURUKAWA ELECTRIC CO., LTD.
• HENGTONG GROUP CO., LTD.

Key Developments

• May 2022 (Expansion): Prysmian Group strengthened its commitment to meet the growing demand for fiber optic broadband, driven by stimulus packages from federal and state governments to increase fiber optic cable capacity and capacity at its North American plants.
• November 2021 (Product Launch): Hitachi Cable completed the implementation of CableSuite as an innovative IT platform called CableERP. It is a complete ERP solution for wire and cable manufacturers based on advanced Microsoft Dynamics D365.

The global Telecom Cable Market is segmented as:

By Type

• Coaxial Cable
• Fiber Optic
• Data Center cables
• Twisted Pair Cable
• LAN Cables
• Mobile Networks

By Application

• Telecommunication
• Data Centers
• CATV
• Computer Network
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America