Telecom and Data Cable Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the telecom and data cable market was valued at USD 73.7 billion in 2022, and a CAGR of 7.2% is expected during the forecast period. Increasing demand for internet connectivity, which is subscriber-based, and growing investment in telecom infrastructure are driving growth in the market. Increased demand for high-speed internet is driving growth in the telecom and data markets.

The growth of the telecom and data cable markets is primarily driven by increasing demand for high-speed internet. Expanding 5G networks and the continuous growth of the telecommunications industry are driving the growth of the telecom and data cable markets. Advancements in technologies and the growing adoption of smart devices contribute to the surge in demand for reliable and efficient cable infrastructure.

Impact of Covid-19

The COVID-19 pandemic has had a mixed impact on the telecom and data cable markets. While there was a temporary disruption in the supply chain due to lockdown and restrictions, the increased reliance on remote work, online education, and digital communication during the pandemic led to a surge in demand for high-speed internet and data services. Thus, in turn, it stimulated the need for telecom and data cables, partially offsetting the initial challenges faced by the industry. Post-pandemic, the surge of telehealth communication and online education drove the growth of the market significantly towards success.

Growth Drivers

Rapid expansion of the 5G network, increasing demand for high-speed internet, growing data traffic, technological advancements, and the widespread adoption of smart devices are driving the growth of the market significantly. The rise of remote work and digital communication during and after the COVID-19 pandemic further accelerated the need for robust telecom infrastructure. Increasing investment in broadband infrastructure, IOT applications, and the continuous evolution of telecommunication services are also significant factors contributing to the growth of the market.

Remote work cultures and IOT adoption contribute to the escalating need for robust telecom and data cable infrastructure. High-speed internet is required in many organizations at present. It contributes to the escalating need for robust telecom and data cable infrastructure. Fiber optic cable is the most in demand due to its high bandwidth and low latency. The revolution in the Internet world is bringing a significant change to the market.

Segmentation

Type

·         Internal Telecom and Data Cable

·         External Telecom and Data Cable

·         Fiber Optic Telecom Cable

·         Coaxial Cable

·         Twisted Cable

·         Data Center Cable

Application

·         Telecommunications

·         Data Centers

·         Computer Network

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Telecom and Data Cable Market Type Segmentation

On the basis of type, the telecom and data cable market is segmented into internal telecom and data cable, external telecom and data cable, fiber optical cable, coaxial, twisted, and data center cable. Fiber optic cable is the leading segment due to its superior capabilities. They offer higher data transfer speeds, a larger bandwidth, and lower latency compared to traditional copper cables. Fiber optics are more resistant to electromagnetic interference, provide greater signal integrity over longer distances, and are generally more durable. These advantages make fiber optic cable crucial for supporting the increasing demand for high-speed internet, data transmission, and telecommunications infrastructure. Increasing demand for high-speed internet is driving the growth of the market.

Telecom and Data Cable Market Application Segmentation

On the basis of the application, the telecom and data cable markets are segmented into telecommunication, data centers, and computer networks. In telecommunication, the data cables facilitate the transmission of voice, video, and data signals. Fiber optic cables, in particular, play a significant role in supporting high-speed communication, and their deployment is integral to the expansion of telecom networks. Data centers rely heavily on robust cabling infrastructure to connect servers, storage devices, and networking equipment. High-performance data cables are essential for seamless data transfer in a data center environment. Fiber optics are often used for high bandwidth. Computer networks are an integrated collection of interrelated networks. It heavily depends on Ethernet cables and data cables.

Regional Outlook

On the basis of the regions, the telecom and data cable market is segmented into 5 parts: Asia Pacific, North America, Latin America, and the Middle East and Africa. North America is the leading segment, and Asia Pacific is expecting to dominate the market during the forecast period due to increasing penetration of networks, increasing demand for connectivity, the growing need for faster internet speed in metropolitan cities in emerging countries of the region, smooth access to 5G networks, and technological advancements.

The United States of America and Canada are the biggest markets in the region. In today’s growing and digitalized world, text messaging, e-mailing, and video streaming are the need of the hour. Due to digital transformation initiatives and 5G deployment, along with the expansion of broadband infrastructure, European countries like Germany, England, France, and Russia are showing immense growth in the telecom and data cable markets. The presence of major players in the region like Prysmian Group, Nexans, and Leoni AG are prominent contributors to the market.

In the Asia-Pacific region, rapid urbanization, extensive mobile network expansion, and the growth of smart cities propel the telecom and data cable markets. Asia Pacific is the region with immense growth opportunities. The presence of key players like Huawei, Sumitomo Electric Industries, and Tong Ding Group makes them significant players in the market. The increasing expansion of broadband networks is driving the growth in the region significantly. Countries like China, Japan, and India are the biggest markets in the region.

China and India are witnessing rapid urbanization and significant growth in the market. Latin America, the Middle East, and Africa are witnessing moderate growth due to poor telecom industry growth. Lack of awareness about technological advancements, like in other parts of the world, means the market in this region is witnessing slow growth.

Key Players

·         Huawei Technologies company limited

·         Prysmian Group

·         Corning Incorporated

·         Nexans S.A.

·         CommScope Holding Company

·         Sumitomo Electric Industries

·         Belden INC

·         Coats Group Plc

·         CommScope Inc

·         Fujikura Ltd

·         Hitachi Cable

·         Securi Flex Limited

·         Other Players