Telecom Cable Market

Telecom Cable Market Size, Share, Growth (2023-2028):

Telecom cable market shares value is expected to grow at a steady CAGR of 8% during the forecast period of 2023-2028 to reach 80 Million USD by 2028. 

Telecom cable market Overview: 

Telecommunication cables or Telecom cables are types of cables designed specifically to transmit data across various devices to keep them all connected. With the growing population and rapid digitization, it has become a necessity to stay connected to the grid; this includes access to the internet, Telecom services, television, news, media, etc. The market is driven by factors such as the increasing demand for high-speed internet connectivity, advancements in cable technology, and the growing adoption of fiber optic cables. The telecom cable market comprises various products, including coaxial cables, electronic wires, fiber optic cables, power cables, signal and control cables, and telecom and data cables. The market is highly competitive, with many established players like Nexans, Prysmian Group, and Sumitomo Electric Industries. Telecom cables are specialized cables used for data transfer; these cables transmit and transfer the data at a rapid speed to communicate and relay and receive the data; this is achieved by using different types of bandwidth and cables. 

Telecom cable market Drivers and restraints:

Digitization and advancements in technology are propelling the demand of the market. Data consumption and internet traffic have increased with the growing number of IT companies, which is promoting the growth rate of the market. Telecom cable market shares are rising due to an increase in data cables, centers, and high-speed optic fiber cables. 5G technology is still relatively new, and there is an active effort to spread it across the countries. The Telecom cable market is accelerated by several factors, including technological advancements, government regulations, and the demand for high-speed internet connectivity. The market is highly competitive, with several global and regional players offering a wide range of cable products and services. The Telecom cable market is driven by the goal to meet this demand in both developed and developing countries at a rapid pace.Fiber cables are very expensive and fragile; they can break easily and disrupt the transmission of data. The cost to lay, maintain, and manufacture high-speed optic fiber cables is very expensive In comparison with standard copper wire cables. The high cost of manufacturing and installation of the cables is acting as a barrier for the market. These optic fiber cables need to be laid across seas and other rough terrains. The outdated technology is not compatible with these optic fiber cables, which makes them useless; countering this is a major challenge for the Telecom cable market. 

REPORT COVERAGE:

Impact of COVID-19 on the Telecom cable market: 

COVID-19 negatively affected the Telecom cable market, the raw materials needed for making fiber optic cables were disrupted. The work shifted from remote to online, which increased the traffic and increased bandwidth requirements. The COVID-19 pandemic has sped up the process of digital transformation across various sectors, resulting in a greater dependence on digital platforms and services by both individuals and businesses. As a consequence, more investments have been made in telecommunications infrastructure, namely the installation of fiber optic cables to ensure faster and more dependable internet connectivity. The Telecom cable market was unable to meet this demand as there was a decreased workforce available, and the manufacturing operations were working at reduced capacity. The ongoing work of laying down the 5G ecosystem and cables was abruptly stopped, which resulted in tons of scrap and losses for the Telecom cable market; there were server issues as most of the servers are usually abroad and not in the same country or company which led to shutdowns and malfunctions as the servers were overloaded. However, despite the challenges posed by the pandemic, the telecom cable market is expected to grow over the forecast period due to the growing demand for high-speed connectivity, the integration of fiber optic technology, and the deployment of new trans-ocean and regional telecommunication cable systems.

Key developments in the Telecom cable market:

• In 2022, HFCL to triple optic fiber manufacturing capacity to meet 5G demand HFCL Ltd, a Delhi-based Telecom hardware maker, has revised its plans to expand its optical fiber manufacturing capacity from 10 million fiber kilometers per year to 33.9 million fiber kilometers per year. The firm was earlier planning to expand its capacity to 24.94 million fiber kilometers per year.

• In 2021, NHAI starts laying Optic Fibre Cables along 1,367 km Delhi-Mumbai Expressway for a big boost to 5G roll out. Around 1,367 km on Delhi-Mumbai Expressway and 512 km on Hyderabad-Bangalore Corridor have been identified as pilot routes for the Digital Highway development.

Telecom cable market segmentation: 

By Type: 

• Fibre Optic

• Coaxial Cable

• Twisted Pair Cable

• LAN Cables

• Data Centre cables

• Mobile Networks

The fiber optic segment dominates the market shares as it is the fastest and most efficient type of Telecom cable. The coaxial cable segment is expected to have the highest growth rate in the coming years.  

By Application: 

• Telecommunication

• Data Centers

• CATV

• Computer Network

The telecommunication segment is leading with the dominant shares of the market. The data centers segment accounted for having the fastest growth rate as it is the backbone of the Telecom industry.

Telecom Cable Market Regional Analysis: 

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

Asia Pacific region, according to the forecast, has the most prominent shares in the Telecom cable market. The servers and Telecom network here are outsourced by other countries, which is why there is a concentrated number of shares present in the region; the world is very reliant on these countries for their telecom needs. North America is next in leading the significant shares of the market. 

Telecom Cable Market Key Players:

1. CommScope Inc.

2. Sumitomo Electric Industries, Ltd.

3. Prysmian Group

4. Fujikura

5. Furukawa Electric Co. Ltd

6. Leoni

7. Belden Inc.

8. Hengtong Group Co. Ltd.