Global Telecom Cables Market Set to Reach $87.7 Billion by 2032
Telecom Cable Market
Dublin, April 26, 2024 (GLOBE NEWSWIRE) — The “Telecom Cable Market Report by Type (Coaxial Cable, Fiber Optic, Data Center Cables, Mobile Networks, Twisted Pair Cable, LAN Cables), Application (Telecommunication, Data Centers, CATV, Computer Network, and Others), and Region 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
The global telecom cable market has exhibited a robust growth trajectory, with a projected Compound Annual Growth Rate (CAGR) of 5.7% from 2023 to 2032, ultimately anticipating a market size of US$ 87.7 billion by the end of the forecast period. The market’s significant expansion is attributed to an increasing appetite for high-speed and reliable communication infrastructure driven by widespread adoption of cloud computing, smart devices, and breakthroughs in the Internet of Things (IoT).
Highlighted within the telecom cable market report, the sector has undergone a transformative phase with technology innovations and rapidly evolving industry requirements. The surge in smart device penetration and the rollout of next-generation mobile networks, such as 5G, have bolstered the demand for telecom cables capable of providing unprecedented data transmission speeds.
The market analysis has been segmented based on type and application, providing insights into various sectors such as Coaxial Cable, Fiber Optic, and others, with the Fiber Optic segment dominating the market share. The applications analyzed encompass Telecommunication, Data Centers, CATV, and Computer Networks with Telecommunication applications being a significant contributor to market expansion.
Regional Market Overview: Asia Pacific Emerges as a Telecom Cable Hub
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Insight into the Asia Pacific market reveals its position as the largest market territory for telecom cables. It is a nexus for innovation, driven by smart city projects, industrial automation, and increasing healthcare telecommunications needs.
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The surge in modernization across various sectors within the region is stimulating investments in domestic and international telecom infrastructure, further catalyzing market growth.
The competitive landscape segment of the report sheds light on leading telecom cable manufacturers and service providers shaping the industry. These entities are enhancing market dynamics through research, innovation, and sustainable practices in response to burgeoning demand for enhanced telecommunications infrastructure.
Companies Featured
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Belden Incorporated
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Commscope Holding Company Inc.
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Fujikura Ltd.
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Furukawa Electric Co. Ltd.
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Hengtong Group Co. Ltd.
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LS Cable & System Ltd. (LS Group)
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Nexans SA
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Proterial Cable America Inc.
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Prysmian S.p.A.
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Sumitomo Electric Industries Ltd.
Key Attributes
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Report Attribute |
Details |
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No. of Pages |
145 |
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Forecast Period |
2023-2032 |
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Estimated Market Value (USD) in 2023 |
$53.1 Billion |
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Forecasted Market Value (USD) by 2032 |
$87.7 Billion |
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Compound Annual Growth Rate |
5.7% |
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Regions Covered |
Global |
For more information about this report visit https://www.researchandmarkets.com/r/nqfsoz
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