A cable is used for transmission & distribution of electrical energy as well as to transfer data and to provide high end connectivity among the end points. The rise in government initiatives to improve connectivity within the country and surge in demand for higher bandwidth network by different industries drive the growth of the market. In addition, surge in investment in defense & submarine cables by various organizations fuels the growth of the market.
The scope of the report discusses potential opportunities for the market players to enter the global cables market. This report provides in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. The report features strategies adopted by key market players to maintain their foothold in the market.
The cables market is segmented into installation type, voltage type, end user, and region. By installation type, the market is divided into overhead, underground, and submarine. By voltage type, it is classified into high, medium, and low. By end user, it is categorized into industrial, aerospace & defense, oil & gas, energy & power, IT& telecommunication, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The key players profiled in the report include Prysmian Cables Systems, Nexans, ABB, Furukawa, General Cable, Axon Cable S.A.S., Polycab, KEI Industries, Sumitomo Electric Wiring Systems, Inc and Huawei Technologies Co. Ltd. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration to enhance their market penetration.
The scope of the report discusses potential opportunities for the market players to enter the global cables market. This report provides in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. The report features strategies adopted by key market players to maintain their foothold in the market.
The cables market is segmented into installation type, voltage type, end user, and region. By installation type, the market is divided into overhead, underground, and submarine. By voltage type, it is classified into high, medium, and low. By end user, it is categorized into industrial, aerospace & defense, oil & gas, energy & power, IT& telecommunication, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The key players profiled in the report include Prysmian Cables Systems, Nexans, ABB, Furukawa, General Cable, Axon Cable S.A.S., Polycab, KEI Industries, Sumitomo Electric Wiring Systems, Inc and Huawei Technologies Co. Ltd. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration to enhance their market penetration.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cables market analysis from 2020 to 2030 to identify the prevailing cables market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cables market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cables market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Installation Type
- Overhead
- Underground
- Submarine
By Voltage Type
- High
- Medium
- Low
By End Use
- Industrial
- Aerospace and Defense
- Oil and Gas
- Energy and Power
- IT and Telecommunication
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Huawei Technologies
- Prysmian Cables Systems
- Nexans
- ABB
- Furukawa
- General Cable
- Axon Cable
- Polycab
- KEI Industries
- Sumitomo Electric Wiring Systems
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CABLES MARKET, BY INSTALLATION TYPE
CHAPTER 5: CABLES MARKET, BY VOLTAGE TYPE
CHAPTER 6: CABLES MARKET, BY END USE
CHAPTER 7: CABLES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
Cables play an integral part in the integration of various systems & sub-systems among various industry verticals. The demand for reliable connectivity, high performance communicating channels, and efficiency in transferring data by various enterprise boosts the growth of the cables & connectors market. High-performance networks are essential for business, manufacturing, transportation, education, media, and security. Cables help to ensure that data infrastructure performs flawlessly for its users at different times and multiple locations. Advancements such as high-definition video and multi-channel audio in the IT and electronics market drives the growth of the cables market in this industry. Moreover, oil & gas companies are looking toward fiber optics for improving operational performance and accuracy, which is expected to provide lucrative opportunity for the market.The growth of the global cables market size is majorly driven by rise in numbers of high-throughput satellites (HTS) globally paired with growing need for enriched high-speed data communication. Further, growing demand for satellite communication in Internet of Things (IoT) is anticipated to drive the growth of cables However, Ambiguity in regulatory framework pertaining to satellite communication protocols and standards are acting as a prime restraint of the global market. On the contrary, rise in development of satellite network to offer internet across in remote areas is anticipated to provide lucrative opportunities for the cables industry during the forecast period.
Rise in trend of renewable energy generation around the globe drives the growth of the global cables market share. Encouraging policies and initiatives of various governments and incentives have led to a considerable increase in the share of renewables as well as alternative sources of energy. In addition, increase in deployment of new power grid infrastructure boosts the cables market growth. According to the current cables market trends, the most widely used cables are ethernet cable and optical cable. The demand for these cables is expected to grow steadily in the forecasted period.
By installation type, it is fragmented into overhead, underground, and submarine. The overhead segment was the highest revenue contributor to the market, with $45,473.8 million in 2020, and is estimated to reach $87,571.4 million by 2030, with a CAGR of 6.9%.
By voltage type, the market is divided into high, medium, and low. The low segment was the highest revenue contributor to the market, with $31,826.1 million in 2020, and is estimated to reach $54,299.0 million by 2030, with a CAGR of 5.6%
By end use, the market is divided into industrial, aerospace & defense, oil & gas, energy & power, IT& telecommunication, and others. The industrial segment is estimated to reach $27,931.2 million by 2030, at a significant CAGR of 6.7% during the forecast period. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor, accounting for30,973.2 million in 2020, and is estimated to reach $74,774.6 million by 2030, with a CAGR of 9.3%.
According to the region-wise cables market analysis, Asia-Pacific holds a significant share in the global market, owing to the presence of prime players in this region. The adoption of automatic identification systemis expected to propel the growth of the cables industry in this region.
COVID Banner:
According to the cables market trends, China accounts for 50% of the global consumer electronics consumption. The outbreak of COVID-19 had a major impact on both customers and companies. Electronics manufacturing hubs have temporarily been shut down to limit the virus spread. This affects the global supply chain, which is further expected to impact the suppliers and manufacturers across the world. COVID-19 is highlighting potential risk and vulnerability of the electronics industry and semiconductor value chain model.
The key players in the cables market have shifted toward agile supply chain network model that has multiple pathways to prevent single points of failure. This can help them to balance costs with better assurance for business continuity and sustainability. Shifting from single country hubs to more extensive regional supply networks is expected to initiate collaborative partnerships and industry associations. Stakeholders are anticipated to invest in resource and infrastructure that can quickly enable new manufacturing and supply nodes when required.
Key findings of the Study
- In 2020, the overhead segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 6.9% during the forecast period.
- The low segment was the highest revenue contributor to the market in2020, and is estimated to grow with a CAGR of 5.6% during the forecasted period.
- The IT and telecommunication segment is projected to growth at a CAGR of 5.6% during the forecast period.
- Asia-Pacific contributed for the major share in the cables market, accounting for more than 41.45% share in 2020.
Companies Mentioned
- Huawei Technologies
- Prysmian Cables Systems
- Nexans
- ABB
- Furukawa
- General Cable
- Axon Cable
- Polycab
- KEI Industries
- Sumitomo Electric Wiring Systems
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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