What are the Historical Developments and Current Growth Metrics of the Industrial Automation Cable Market?
The industrial automation cable market has seen considerable growth due to a variety of factors.
• There has been significant growth in recent years in the industrial automation cable market size. Its value is set to increase from $8.16 billion in 2024 to $8.89 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.9%.
This upward trend in the historical period is linked to several key factors: the requirement for high-speed data transmission, dependable power sources, advancing economies, infrastructure progress, heightened creation of sophisticated and digital systems, and a surge in demand for data exchange.
What Is The Projected Growth Of The Industrial Automation Cable Template Market?
The industrial automation cable market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for industrial automation cables is forecasted to experience robust growth in the coming years, reaching a value of $12.35 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%.
This projected growth during the forecast period is due to various factors such as global demand for more efficient data transfer and power supply solutions, the shift from traditional manufacturing processes and facilities, an increased need for industrial automation cables, and the need for high-performing networks. Key trends during this forecast period include technological advancements, recent progress in factory optimization, inventive solutions for the automotive and agricultural sectors, Internet of Things (IoT) advancements, and the escalating adoption of automation technologies.
What Are The Key Drivers Fueling Growth In The Industrial Automation Cable Market?
The growth of the industrial automation cable market is anticipated to be driven by the increasing shift towards robotics. Robotics, a multi-disciplinary field, revolves around the creation, use, and analysis of autonomous or semi-autonomous machines that can emulate or enhance human actions. The utilization of robots is escalating due to quick advancements in robotics technology, such as improvements in artificial intelligence, control systems, actuators, and sensors. Industrial automation cables, which are crucial for robotic systems, facilitate effective power transmission, signal communication, data swapping, flexibility, and safety in industrial automation settings. For example, as per September 2024 data from the International Federation of Robotics, a non-profit organization specializing in industrial robotics from Germany, the number of operational industrial robots increased to 4,281,585 units in 2023, up by 10% compared to 2022. Hence, the ongoing shift towards robotics is set to fuel the expansion of the industrial automation cable market.
What Are The Principal Market Segments In The Global Industrial Automation Cable Industry?
The industrial automation cable market covered in this report is segmented –
1) By Product Type: Ethernet Cables, Fieldbus Cables, Servo Cables, Robot Cables, Other Product Types
2) By Cable Type: Copper Cables, Fiber Optic Cables
3) By Sales Channel: Direct Sales, Distributor Sales
4) By Application Industry: Automotive, Oil And Gas, Energy And Power, Manufacturing, Aerospace And Defense, Chemicals And Petrochemicals, Pharmaceuticals, Food And Beverage, Other Applications
Subsegments:
1) By Ethernet Cables: Industrial Ethernet Cables, Gigabit Ethernet Cables, Fiber Optic Ethernet Cables
2) By Fieldbus Cables: Profibus Cables, Can Bus Cables, Devicenet Cables
3) By Servo Cables: AC Servo Cables, DC Servo Cables, High-Performance Servo Cables
4) By Robot Cables: Flexible Robot Cables, Heavy Duty Robot Cables, Continuous Flex Cables
5) By Other Product Types: Power Cables, Control Cables, Data Cables
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Which Emerging Market Trends Are Altering The Industrial Automation Cable Industry?
Leading corporations in the industrial automation cable market are striving to develop inventive products like the continuous flex coaxial cable to enhance their market profitability. These high-flex coaxial cables are created specifically for applications needing constant motion and flexibility of the cable. For example, Times Microwave Systems, a US-based firm manufacturing novel microwave interconnect assemblies and cables, launched the XtendedFlex 178 continuous flex coaxial cable in March 2023. This cable is customized for use with plastic cable drag chains and meticulously designed to meet requirements of applications which involve continuous motion and adaptability, especially in areas such as robotics and industrial automation used in vast distribution centers.
Who Are the Key Players In The Industrial Automation Cable Market?
Major companies operating in the industrial automation cable market are:
• Prysmian Group
• Borealis AG
• Southwire Company
• LLC
• Nexans
• Hitachi MetalsLtd.
• Anixter International Inc.
• LEONI AG
• Fujikura Ltd.
• LS Cable & System
• Oki Electric
• Belden
• LAPP
• Wanma Cable
• TKH Group NV
• Bizlink Holding Inc.
• Helukabel
• igus GmbH
• SAB Brockskes
• Eland Cables
• Alpha Wire Company
• Teldor Cables & Systems Ltd.
• Cicoil LLC
• Lorom Industrial
• TPC Wire & Cable
• Cables UnlimitedInc.
• General Cable
• Elettrotek Kabel
• Zhejiang Zhaolong
• Lutze
• MotionCables
What Are The Regional Insights Into The Industrial Automation Cable Market?
Europe was the largest region in the industrial automation cable market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial automation cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
